As Andrew Leonard of Salon reported today, despite low taxes and skyrocketing corporate profits, employment and large scale economic recovery has been extremely slow to come.

Leonard writes:

Ever since Ronald Reagan first attempted to make supply-side economics a reality and proceeded to inaugurate an era of persistent government deficits and growing income inequality, it has become harder and harder to make the trickle-down argument with a straight face. But we’ve never seen anything quite like the disaster that’s playing out right now.

The Wall Street Journal reported on Tuesday that corporate profits are looking quite strong for the second quarter of 2011.

Leonard correctly postulates that the decrease in Labor’s bargaining power, and the lack of support of workers within the Labor Movement large-scale, has increased the disparity between power and those who keep it in check.

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