2010 Graduates: How to Become a Millionaire

2010 Graduates: How to Become a Millionaire

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Inequality In U.S. Is Scarily High and Rising

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In June 2013, President Obama acknowledged that inequality is on the rise "even though the economy is growing." That growth hasn't helped many people who lost mid-wage jobs during the recession. Half of the U.S. population is now considered poor or low-income, and income has been redistributed from the middle class to the very rich faster under Obama than under George W. Bush. Income inequality in the U.S. is much worse than it is in other industrialized countries, where it is also an alarming problem, according to a new report from the International Labour Organization. The gap is only getting wider as the median wage continues to fall. http://www.huffingtonpost.com/2013/06/12/inequality-us-_n_3421381.html
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In the January 11, 2010 article " AP IMPACT: Road projects don't help unemployment ," Associated Press writers Matt Apuzzo and Brett J. Blackledge report that recent road construction and maintenance projects have not generated the jobs many expected. WASHINGTON – Ten months into President Barack Obama's first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found. Spend a lot or spend nothing at all, it didn't matter, the AP analysis showed: Local unemployment rates rose and fell regardless of how much stimulus money Washington poured out for transportation, raising questions about Obama's argument that more road money would address an "urgent need to accelerate job growth." Obama wants a second stimulus bill from Congress that relies in part on more road and bridge spending, projects the president sa...
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