The incredibly wealthy 1 percent of our population must be holding their sides laughing.
Thanks to the Republicans, they own more than 20 percent of our wealth. Yes, 1 percent owns 20 percent of the country's wealth, and the Republicans felt so sorry for them that they decided they shouldn't pay taxes. Rather odd since the Republicans claim that we must cut back on government spending for the poor, for health care, even for Social Security and more. Many of the captains of industry have taken their business overseas and left behind a vast employment deficit that can never be overcome.
So with the huge amount of wealth of the 1 percent and the permanent loss of jobs in this country, the chances are that we will never again be as productive, as well off or as happy with our status as we once were. Sadly, President Barack Obama seems to have buckled under and joined the Republicans on much of the above. I just assumed that he would resist picking up a shovel and helping the Republicans pile on the riches to the masters of greed.
Alice King Hilton Head Island