Sunday, February 27, 2011

Motoring Out of the American Century

ED WALLACE | Fort Worth Star-Telegram
25 Feb 2011


‎"In 1980, the top 1 percent of this country's earners owned 9 percent of its assets; 30 years later they've increased that ownership to 24 percent. And yet, if anything in the media's discussion of our economic problems today can be summed... up quickly, it's this: Government employees are greedy, and our economic woes today are the result of that greed.

"Why would someone like me, who deals primarily with our automotive and energy industries, get so caught up in the struggling average American's well-being? Selfishness and intelligence: My economic well-being is directly linked to the success of our middle class. For without a healthy middle class, car sales suffer, as does the purchase of energy and ultimately the overall economy. After all, in most years consumerism controls 70 percent of our GDP."

Read it here.