The housing market has bottomed out faster than at any time since the Great Depression. The job market is so weak that one third of the unemployed have now been without work for more than a year, making unemployment “a semi-permanent condition,” according to the Associated Press. A record number of Americans are now living below the poverty line — including one out of every five children.
We’ve reached the economic end times, and we’re now seeing the deep fissures of our society laid bare. On one side, throngs of protesters have hit the street demanding justice for the 99 percenters — otherwise known as The Rest of Us. On the other side, the top 1 percent are complaining about “only” clearing $400,000 a year, and about throngs of poor people getting between them and their steak dinners.
In a sense, Ann Coulter is right — there’s a French Revolution quality to it all. Not from the poor but from the ultra-wealthy, who see the upheaval and are now screaming their ancient battle cry even louder: “Let them eat cake!”
With that preface, we present to you the autumn edition of our ongoing beat coverage of the “Let Them Eat Cake” movement.
Keep reading here: Pitying billionaires as America starves – Salon.com.
