WASHINGTON – The income gap between the rich and the rest of the US population has become so wide, and is growing so fast, that it might eventually threaten the stability of democratic capitalism itself.
Is that a liberal's talking point? Sure. But it's also a line from the recent public testimony of a champion of the free market: Federal Reserve Chairman Alan Greenspan.
Is the gap between rich and poor so wide that it will threaten the stability of the US economy?
http://www.csmonitor.com/2005/0614/p01s03-usec.htmlPoll
Yes. The lack of growth among the bottom 80 percent of the workforce is worrisome.
94.42 % (761)
No. That idea is a myth perpetuated by the liberal media.
5.58 % (45)
Total votes: 806 .
Related story:
Rich-poor gap gaining attentionWashington more open to business than usual
Pending legislation reflects the most business-friendly climate in years.
By
Gail Russell Chaddock Staff writer of The Christian Science Monitor
WASHINGTON – US business groups are looking for another leap forward for their agenda from Capitol policymakers - in everything from new legislation to the appointment of conservative judges and shifts at key regulatory agencies.
In what could be the most business-friendly climate since the days of President McKinley, President Bush and the GOP-controlled Congress are moving to extend corporate tax breaks, pass pension reforms, allow oil drilling in the Arctic National Wildlife Refuge, and limit lawsuits - including a settlement of asbestos litigation that has driven 70 companies into bankruptcy.
http://www.csmonitor.com/2005/0609/p01s02-uspo.htmlPatch