Poor Getting Poorer As Economy Grows

Why, in a country where the economy has grown by leaps and bounds and social spending has increased steadily for decades, do the richest Costa Ricans keep getting richer and the poorest 20% keep slipping further into poverty?

//www.ticotimes.net/topstory.htm


From Information Clearing House

--------

Wall Street moves in for the kill

CounterPunch
by Michael Hudson

02/17/10

Former Treasury Secretary Hank Paulson wrote an op-ed in The New York Times yesterday, February 16 outlining how to put the U.S. economy on rations. Not in those words, of course. Just the opposite: If the government hadn’t bailed out Wall Street’s bad loans, he claims, ‘unemployment could have exceeded the 25 per cent level of the Great Depression.’ Without wealth at the top, there would be nothing to trickle down. The reality, of course, is that bailing out casino capitalist speculators on the winning side of A.I.G.’s debt swaps and CDO derivatives didn’t save a single job...

//counterpunch.org/hudson02172010.html


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=Paulson
//freepage.twoday.net/search?q=Treasury
//freepage.twoday.net/search?q=capitalism
//freepage.twoday.net/search?q=Great+Depression
//freepage.twoday.net/search?q=rich+getting+richer
//freepage.twoday.net/search?q=debt
//freepage.twoday.net/search?q=Wall+Street
//freepage.twoday.net/search?q=bailout
//freepage.twoday.net/search?q=AIG+insurance
//freepage.twoday.net/search?q=derivatives
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