More Economic News

I think John Liberty is right to play up the dire economic conditions in this country. The oncoming recession will, it appears, turn into another round of stagflation, while new inequality statistics point out that "The increase in incomes of the top 1 percent of Americans from 2003 to 2005 exceeded the total income of the poorest 20 percent of Americans" (my emphasis). That's an alarming statistic. Shame on the Bush administration for playing this off as inevitable. Shame on both parties -- though particularly the GOP -- for enslaving us to capitalism's booms and busts without any regard for those left behind.