Share the Wealth, Part II

Posted August 25, 2010
By Clay Cerny

Los Angeles Times commentator Michael Hiltzik identifies one of the biggest causes behind unemployment:  profitable companies are not hiring.  Companies in the S&P 500 recorded nearly 40% profit and are hoarding reserves of cash.  What aren’t they doing?  Hiring.

Hiltzik points out that corporate greed and income disparity will come to a bad end for all Americans.  The rich need to have the bottom and middle circulating money, which is happening less and less. 

In a world filled with conservative voices, it’s good that we have at least one Michael Hiltzik.