Friday, July 1, 2011

Creating Real Wealth

With news today that the NYSE was up over 648 points for the week due to a rebound in manufacturing for the month of June, a Kaplan Daily op/ed by Phil Angelides, who chaired the commission on the financial market meltdown, is particularly relevant. It's a stunning takedown of all the Wall Street/ Rethuglican bullshit about the real causes of the economic crisis in 2008/09, why the true history matters today, and why prosperity is more than the stock market rising. In fact, as Angelides points out, "With tens of millions still unemployed, isn't it time to shift from an economy based on money making money to an economy based on creating jobs and genuine prosperity?"