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Winners and losers

By Owen Paine on Saturday July 17, 2010 05:01 PM

Over at union think tank EPI they got an update on the continuing stag saga, nicely packed in to one comparison. Point A:

"Total profits of U.S. corporations,...were at $1.50 trillion in the fourth quarter of 2007, and reached $1.59 trillion in the first quarter of 2010."
Point B:
"Over that same period, the country lost 8.2 million jobs"

Comments (2)

Welcome to capitalism, boys.

The poor in this country still aren't living in tar paper shacks with dirt floors so I guess the corporations still have their work cut out for them. But they're well on their way to making us into a 3rd world country banana republic.

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