Saturday, August 14, 2010
Why the Democrats will lose posted by Richard Seymour
It's the economy [class struggle], stupid!:Profits are up 41 percent since Obama’s election; yet half of American workers have suffered a job loss or a cut in hours or wages over the past 30 months. They’re saying around 28 million people either have no job or one that doesn’t yield them enough money to get through the week. On Friday, August 13, the Bureau of Labor Statistic noted on its home page that “Employers initiated 1,851 mass layoff events in the second quarter of 2010 that resulted in the separation of 338,064 workers from their jobs for at least 31 days.”
Labels: 'obamamania', barack obama, capitalism, class struggle, democratic party, us economy, us politics