Bernanke said he believed the jobs problem (lack of job creation) in the USA is a “cyclical” rather than a “structural” problem. What is he really saying? It’s simple.
The redistribution of income and wealth from the 99 percent to the one percent is not part of the problem. Of course, he’s lying. It doesn’t take a whiz to figure out that if 99 percent of the population earns 93 percent of the total income generated in the USA, and so much of it is redistributed to the one percent over the last thirty years so that the 99 percent earned only 75 percent of the total income, then the demand for goods and services would be less. Demand is what creates jobs.
