Microphone Please ...
Wednesday, October 14, 2009
Dow hits 10,000 today!
Ok, so I am sitting here watching CNN and I see the Dow hit 10,000 today. Yes this a first in a very long time showing a very strong market. My concern is though, what does this mean to the middle class to below middle income earners. People who have little or nothing to invest. 10% unemployment right now, the worst in recent history by far. People unemployed and the corporations that are reaping the rewards of all this bailout money haved moved jobs outside the U.S. This not to mention corperations playing games and hiring former employees back at about 1/2 there regular pay and little if no benefits. What does this come down to. Simple...
The rich get richer and a simple destruction of the middle class. Key points. Corporations got fat off the bailout and it did little for the income earners out there working for them. They aren't hiring in the U.S. and if they are its at incomes less then what it was 10 years ago. Its sad. As for me, is my 401K going up. ooh yes it is. Im not complaining on that end but I just can't help but see that this was a recent administration that was out to bilk every penny and destroy the middle class. And those people loosing jobs, homes and cars even with this 10,000 on the DOW, are reaping nothing from this.
Off my soapbox.
The rich get richer and a simple destruction of the middle class. Key points. Corporations got fat off the bailout and it did little for the income earners out there working for them. They aren't hiring in the U.S. and if they are its at incomes less then what it was 10 years ago. Its sad. As for me, is my 401K going up. ooh yes it is. Im not complaining on that end but I just can't help but see that this was a recent administration that was out to bilk every penny and destroy the middle class. And those people loosing jobs, homes and cars even with this 10,000 on the DOW, are reaping nothing from this.
Off my soapbox.
posted by Jules at 10:32 AM
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