Letters: GOP plays poker with the economy
Re “Obama focuses on income inequality,” Dec. 5
House Speaker John A. Boehner (R-Ohio) is disingenuous in blaming President Obama for the inability of workers to make economic gains.
On a graph of inflation-adjusted incomes over the last 30 years, workers’ wages show a relatively flat line. By contrast, the incomes of CEOs and other already wealthy people went up by 200% or more (my source is the U.S. Department of Labor).
If the president’s policies were responsible for that, we should see some kind of downward trend in workers’ incomes over the last five years. Instead, workers’ incomes have stayed nearly constant, while the wages of the others have continued to skyrocket.
It’s as if bankers, Wall Streeters and corporate officers are playing a grand poker game — and raking in every pot.
Robert McEwen
Cypress
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