He points out that this help to the wealthy and business put more people below the line, and this is what led to less making enough to pay more. You want more to pay more, help the middle class at least as much as you vote to help the wealthy.
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
I love the smell of burning moonbat in the morning.
What these people and most others are failing to realize is why this is happening and they are refusing to admit or accept responsibility for the role they played in creating it. You want to compare life today to life in the 60's and wonder why people need to work so much? People have changed the way they spend. A working man for him family in the 60's wasn't blowing half the money we are today. People choose to ignore the fact that they are the driving force behind companies shipping jobs overseas. People choose to ignore the fact that they are the ones shoveling money into the pockets of these large corporations. If a company here chooses to keep its labor in the United States their pricing cant be as low as the companies that was paying slave wages in sweat shops in Asia. And the majority of American consumers will go buy the cheaper product and reward the company that took the jobs and left rather than the companies that are trying to survive here in the US. Americans demands to cheap food have driven the common farmers into the pocket of large corporations. We force these farmers to sell thier meat and vegetables for next to nothing so they can enjoy $1 cheeseburgers. I cannot help but laugh at the OWS idiots who are standing out there bitching about big business while drinking starbucks, eatming mcdonalds, wearing nike clothing, talking on thier i phones, living in thier chinese made tents in parks with a bunch of walmart bought goods. Way to stick it to big business morons.They feel that they are being screwed over because all the economic growth in this country- which is created by all the hard working people- is ending up in the pockets of a very small number of people. GDP per capita in the US has increased by around 300% since the 1960s and productivity per year per worker has increased almost as much. But the median income has only increased 40% during that same period. In the 60s a family only needed to have one person working 40 hours a week to provide housing, health care, food, transportation, etc. Now it takes two or more people working and they're being expected to work 50 or 60 hours a week. Despite that, they're having a harder time covering those same basics.
IMO, Occupy Wall Street is creating a caricature of rampant corporate greed and blaming complex societal challenges on that caricature. The reality is that overleverage (domestic nonfinancial debt), structural economic changes still unfolding from the Information Revolution, dramatic decline in barriers to cross-border flows of information/capaital/goods, broad demographic changes, fiscal challenges, among other factors, have shaped the present environment. The U.S. needs to adapt to the changes to overcome its challenges and realize its opportunities. Attacking a caricature as the OWS movement is doing, only misses the core problem. It also risks further dividing a society that is already relatively divided at present when it comes to some of the major issues.