The haves just get more

The gap between haves and have nots just keeps getting wider in this "jobless recovery."

Yesterday, the Dow Jones hit an all time high of $14,286, and corporate profits have skyrocketed to record levels.   Companies are sitting on tons of money, but they are not investing it in new jobs and expansion.

At the same time of this elitists' prosperity, workers' wages are stagnated and unemployment is only very slowly recovering.

To me, what is needed could not be clearer:   the government needs to stimulate the economy by putting money into it:  infrastructure spending, more (not less) jobs in teaching, construction, and police.    More people working will increase demands for goods and services, which will increase production.  Corporations would invest the money they're hoarding in expansion and new jobs.

Instead, conservatives have sold the mantra that we have to get spending under control and reduce the deficit -- and they insist it has to be done by spending cuts alone.   But austerity does not work in a depressed economy like ours.   Even Paul Bernanke says we should not be focusing on spending cuts.

Democrats won the election . . . decisively.   Why are we still caught in a situation where the minority calls the shots?

Ralph