Issue Position: The Economy

Issue Position

In the midst of the worst recession since the Great Depression of the 1930s, the middle class is collapsing and poverty is increasing. Meanwhile, the people at the top are doing phenomenally well. The crooks on Wall Street whose greed precipitated this recession are now earning more money than before the American people bailed them out. The top one percent in our country now earn over 23 percent of all income, more than the bottom 50 percent. The U.S. today has by far the most unequal distribution of income and wealth of any major country on earth and the gap between the very rich and everyone else is growing wider. While "official" unemployment is at 9.8 percent, real unemployment is over 16 percent -- being especially high for blue collar workers. Despite all of this the Republicans, whose campaigns are funded by some of the richest people and largest corporations in the country, want more tax breaks for the wealthy, more government deregulation, more unfettered free trade, more anti-union legislation and no more funding for unemployment benefits.

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