Watch my January 21, 2024 YouTube presentation to the Niebyl-Proctor Library audience in Oakland, CA. (Q&A discussion afterward included) on the real conditions and prospects for American workers, their unions, and the US economy. What’s the real data and stats on job creation, inflation, wages and economic growth of the US economy vs. the spin called Bidenomics.
GO TO: https://youtu.be/OL3rvge8Q84
Dr. Jack Rasmus @drjackrasmus









The Saez group findings that the 1% received over 90% of all new income during about Obama’s regime, perhaps close to 100% during Biden’s regime, up from the historical 40% is consistent with the fact that over $9 trillion in fiscal and monetary spending produced a GDP of only 1%. So the question is does that consistency imply a connection? Has class warfare in the US against the lower 90% become so successful that no matter how much money is thrown at the US economy it ends up being hoarded in financial assets by the 1%? Or is it how the money is spent that the determines who benefits?