The US Census Bureau has revealed that the economic conditions of the American people are far worse than ever recognized before now.
Along with 49 million below the poverty line, there are now 97 million Americans who have low income, defined as a family of four earning under $45,000 , due to loss of a job or a pay cut.
So that means HALF of the country is poor, or “near poor”!
This is serious business, a crisis of massive proportions, and the top one percent sit by and do not give a damn, and the corporations keep on holding onto money, enriching themselves and their stockholders, and claim they cannot hire people after they have been balled out by the government, or have lobbied for preferential treatment!
The country is becoming more plutocratic by the day, and it is dangerous for capitalism that this is going on, as it can turn average Americans against the whole concept of capitalism, as long as only a small percentage can benefit from it!
Under the circumstances, it is quite amazing that there are not more people out in the streets, involved in the “Occupy Wall Street’ movement!
It is also worrisome that as time goes on, and conditions become worse, that we might see mass violence on the part of desperate Americans, who will see no alternative.
The idea of mass demonstrations and demands for change is not being felt only in the Arab world, in Greece and Italy, and in the Russian Federation. It is becoming an issue of fairness and equity being felt in a country that considers itself democratic in nature, and yet allows the uninhibited acquisition of wealth on the back of millions of Americans who just want an equal opportunity for the “American Dream”!