A ‘More With Less’ America

Just look at how bank workers suffered: 75,000 were laid off from Citigroup. JPMorgan Chase ( JPM – news – people ), favored by the government and allowed to expand its reach and power by acquiring Bear Stearns and Washington Mutual, laid off more than 15,000. Bank of America, the government’s chosen partner for Merrill Lynch, cut 36,000 jobs. We gave them billions, and they gave us unemployment. The auto industry didn’t do us a better turn. We bailed out General Motors and Chrysler to save jobs, but thousands of jobs were lost when the companies were reorganized, while the executives have been lavishly paid.

Our tax code favors investment over work.

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