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Laurie Blair's avatar

Tax The Rich.

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Ruth Sheets's avatar

In any other time or place, this jobs report would be seen as incredible, hopeful. However, at the head of the Fed, we have a Republican who has been drinking the Kool-Ade (sorry about the reference, but it feels like it is the right one) that workers are expendable and it is only corporations and what they take in that counts. Powell claims it is workers demanding reasonable wages that caused the inflation we are now experiencing. He has in his mind a magical figure of 2% inflation as his goal. He can't possibly know what it would mean to workers and their families to get that rate so quickly after a massive pandemic that killed millions around the world and well over a million in this country, that closed down China for many months, and brought out the strongest corporate greed in generations. I don't know where he got his economics training, but it did not include taking into account all factors when making a decision. Tunnel vision works well for corporations because they can tell that Powel and his crew are going to do little or nothing to stop them and besides, they have accumulated so much profit and bought back so much stock they will be sitting pretty as they say for a long time no matter what happens. And, the workers are interchangeable, aren't they? If unemployment goes up, they will have their pick of workers who will be forced to do whatever they are told at whatever wage the corporation chooses to pay, right? One can't help but wonder if that is just what Powell and his Republican buddies are hoping for.

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