Saturday, April 01, 2006

Money, Money

Another reason why people know the economy isn't as great as Bu$hCo claims it is. Full disclosure: I own an IPod, &, frankly, love it.

"To use a favorite word of my grandmother's, call it the Tchotchke Economy (a Tchotchke is a small trinket): Plenty of nifty, ever cheaper electronic stuff -- and ever more costly housing, education, healthcare. An iPod is swell, but it doesn't exactly make you middle class.

Why does this describe America in 2006? Don't blame it on immigrants. Blame it on the people running the government, who have made sure that the lion's share of the productivity gains go to the richest 1 percent of Americans. With different tax, labor, health, and housing policies, native-born workers and immigrants alike could get a fairer share of our productive economy -- and still have the nifty iPods."

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