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One Land, Two Economies
Economic prosperity and progress for the president are obviously synonymous with robustly higher profits for businessmen and stock speculators. The large majority of Americans must suffer more because the crisis is not over for them. This majority hoped businesses would create millions of new jobs while corporations exported jobs to low-wage countries. The horse must be before the cart. The horse is economic recovery. Once jobs are created (and tax havens dried up), the deficit will gradually be reduced (Robert Kuttner).
Economic prosperity and progress for the president are obviously synonymous with robustly higher profits for businessmen and stock speculators. The large majority of Americans must suffer more because the crisis is not over for them. This majority hoped businesses would create millions of new jobs while corporations exported jobs to low-wage countries. The horse must be before the cart. The horse is economic recovery. Once jobs are created (and tax havens dried up), the deficit will gradually be reduced (Robert Kuttner).
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