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Guest Post: The Unstimulus
Zerohedge ^ | 10/09/2012 | John Aziz

Posted on 10/09/2012 7:34:12 PM PDT by Snuph

Obama might talk about spreading the wealth around, but the aggregate effect of the policies pursued during his administration have squarely benefited large corporations and the financial sector, and not the middle class or small business. Is reinflating financial bubbles and pumping up corporate profits Obama’s idea of recovery? The money isn’t trickling down, and small businesses and the middle class are more in debt than they were before the crisis started. Income inequality is soaring. The financial sector is richer than ever. American infrastructure is still crumbling. Housing starts are still deeply depressed, even as homelessness rises. And of course, employment is still deeply, deeply depressed. The stimulus didn’t get America working again. With a monstrous and broken financial sector still totally failing to provide adequate capital to Main Street, totally broken algorithm-driven markets that have alienated retail investors, and budget deficits that remain persistently high, this should surprise precisely nobody.

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TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: gdp; obama; stimulus
Zero and the DNC love to rant about helping the middle class and the poor. They also LOVE to actually help their wealthy friends at the expense of the middle class. Fun Fact for 50 years now.
1 posted on 10/09/2012 7:34:27 PM PDT by Snuph
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To: Snuph

If they would have opened up the national phone book and picked one million people at random and sent them a check for $1000000 each they would have had a lot better stimulus .

2 posted on 10/09/2012 7:44:30 PM PDT by Lurkina.n.Learnin (Ignorance is bliss- I'm stoked)
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To: Lurkina.n.Learnin

They could have paid off every mortgage in the US for far less than they have given to the banksters.

3 posted on 10/09/2012 7:45:55 PM PDT by Snuph ("give me Liberty...")
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