One In Five U.S. Households "Economically Distressed" - Where's Our Bailout? - 09/25/08

Submitted by Doug Cunningham on September 24, 2008 - 1:44pm
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By Doug Cunningham

Professor Michael Zweig, Director of the Center for Study of Working Class Life at the State University of New York at Stony Brook, says one in five workers are economically distressed. That reality, he says, calls for a new economic stimulus package and structural reforms of the economy, not just a bailout for Wall Street.

[Zweig]: “What we have found is that if you look at broader understanding of economic distress, it's around 21 percent of the households in the United States, almost double. In talking with working people they are having just a terrible time making ends meet. (We need) structural reforms in health care, we need structural reforms in union organizing so that workers who have jobs can have unions so that the jobs can be good jobs."