HonestTruth
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Farmer4Christ said:Unfortunately as we have seen what is good for Wall Street isn't necessarily good for Main Street. Additionally, higher corporate profits doesn't mean much when wages are stagnant, and benefits are dropping.
Also, can you elaborate on your points regarding business expansion and saving farms?
Wages may not have gone up as much as they should but that can be attributed to the decline of union power. I believe we discussed that on another thread.
Business expansion exists when stock investment grows, jobs are created, reduction in jobless claims, and as Forbes has acknowledged, we have seen the largest growth in private job creation in USA history under President Obama.
As for farms, we get very little discussion of that but Mr Obamas signing of the farm bill in February preserved thousands of family farms and related industries. It keeps rural communities from closing down into ghost towns, promotes sales of tractors thereby keeping those companies operating, billions of tax dollars are now saved because direct subsidies have been lowered in favor of crop insurance, propane and other fuel companies were also benefited. This preserves jobs and broadens the tax base in farming areas.
Interestingly, while the bill was passed in a bi-partisan vote, and rural Republican states were the biggest beneficiaries of it, not one Republican showed up for the signing ceremony. As always, Republicans are the principle beneficiaries of President Obama's efforts but they decline to thank him for his work on their behalf. Naturally the controlled right wing media fails to point that out.
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