Source: Business Week

The Associated Press October 21, 2008, 10:14AM ET - The gap between rich and poor is getting bigger in the world's richest countries -- and particularly the United States -- as top earners' incomes soar while others' stagnate, according to a 30-nation report released Tuesday.

In a 20-year study of its member countries, the Paris-based Organization for Economic Cooperation and Development said wealthy households are not only widening the gap with the poor, but in countries such as the U.S., Canada and Germany they are also leaving middle-income earners further behind, with potentially ominous consequences if the global financial crisis sparks a long recession.

Inequality threatens the "American Dream" of social mobility -- children doing better than their parents, the poor improving their lot through hard work -- which is lower in the U.S. than countries such as Denmark, Sweden and Australia, the report found. . .

Read more: http://www.businessweek.com/ap/financialnews/D93UU9980.htm

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Get to work. Vote Obama, and work to get him elected.

George W. Bush's world has been a nightmare, and we need to reclaim our nation and planet.

There is no margin for error.

without them paying for a study.

So what?. That was the plan all along. Still is for the republicans.

What am I seeing here?

This is being dismissed as obvious? What happened to turning it around? Considering it unacceptable?

Apparently the George W. Bush era has pervaded DU, as well. You say, So what?

What the hell are you talking about?

It was meant as sarcasm.
Never said it was acceptable and it has been happening over the last 30 years. They know it, you know it, and I know it. Now we have a chance to do something about it.

And I include myself in that criticism. But the bottom line is, people are hurting. Good people are losing their homes, their dreams of retirement, their hopes for college. They are declaring bankruptcy because they can't afford their health care.

Yet the rich grow richer, with your tax dollars and mine propping them up. I will "lighten up" when we elect a new president and Congress that will change this nation.

Some of us are hurting. And you're trying to tell us about it like a smug idiot. The attitude problem in this post is yours, from start to finish, asshole.

among others ...

I am astounded at the reaction to this.

You should be ashamed, and as a member here since 2002, I don't say that lightly.

my response that isn't there. You have no idea what I am going through- you are the one who should be ashamed for jumping to conclusions.

Go tell that family that declared bankruptcy that Business Week has announced that it's official, that the rich are really are getting richer and the poor are really are getting poorer, and that family will say:

"No shit!"

Because the disastrous results of "trickle down economics" are painfully obvious to most of us. Ergo, NO SHIT.

or so it appears

But it bounced back.

Look, you may be right on the first three accusations, but not the last one. I sense you are having problems. I am not one to pile on.

All the best. We are on the same team here.

This is UNFUCKINGBELIEVEABLE!!!!! I consider myself somewhat well read, but this absolutely blows my fucking mind.

20-year study finds oceans full of water


edited to add: This is totally unacceptable and needs a remedy before we can call ourselves a "moral" people.

Unless you consider news that started breaking 8 years ago to still be news.

But it needs to be said, often, and by as many sources as possible. Just for that, this story deserves to be in LBN.