Charleston WVA Gazette opinion by AFSC's Rick Wilson: A different kind of economy
AFSC's Rick Wilson writes, "You might not have noticed this, especially if you are one of the almost 15 million unemployed, but the economy is blazing away for the fortunate few.
The St. Louis Federal Reserve recently reported that after-tax corporate profits are at record levels, hitting an all-time high of $1.37 trillion in the last quarter. Corporate cash reserves are somewhere around $2 trillion.
It would appear that capitalism is doing just fine under a president frequently described as anti-business by conservatives. As Ezra Klein wrote in Newsweek, "Maybe the president could be anti-me for a while. I could use the money."
So could the folks in the unemployment lines. There are still five unemployed workers for every new job opening.