18 Jan 2011

Why Do US Political and Media Establishments Ignore Many Americans Economic Suffering?

This is what a broken economic model looks like: record profits for corporate America, Wall Street paying out fat bonuses to its execs and the wealthy doing well enough to create a surge in demand for luxury items, while most of the rest of us struggle just to make ends meet in a devastated economic landscape.

Sacramento Tent City

You've no doubt heard about the unemployment numbers and the alarming number of Americans losing their homes, but a series of reports that paint a stunningly vivid picture of the human toll of the meltdown – the intense pain felt by the unemployed, the under-employed and the working poor – have gotten less play, in large part because while most of the U.S. remains in the grip of what appears to be a Second Great Depression, the political and media establishment largely ignores -- or at least underplays – the economic catastrophe a huge number of families are experiencing.

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