S&P finally finds something to dislike in our extreme wealth gap: It's hurting economic growth

http://www.dailykos.com/story/2014/08/05/1319348/-S-P-finally-finds-something-to-dislike-in-our-extreme-wealth-gap-It-s-hurting-economic-growth?detail=email

Neither compassion nor crypto-socialism has spurred Standard & Poor’s to conclude after new research that the growing U.S. wealth gap is problematic. It's all about the ever-more extreme gap's impact on growth. The rating agency says wealth inequality has slowed the economic recovery from the Great Recession. While the top economic tier has done quite well since 2009, move down a few rungs and it's been a different story. As Josh Boak reports:

The widening gap between the wealthiest Americans and everyone else has made the economy more prone to boom-bust cycles and slowed the 5-year-old recovery from the recession.

Economic disparities appear to be reaching extremes that "need to be watched because they're damaging to growth," said Beth Ann Bovino, chief U.S. economist at S&P

but republicans said it was Pres.'s fault his failed bills and policies that they caused to fail remember they said they wanted to see him fail doing the dirt and trying to sweep it on Pres.'s shoes.
http://www.washingtonpost.com/blogs/plum-line/post/cnn-poll-republicans-want-obamas-policies-to-fail/2011/10/18/gIQAL0VbuL_blog.html

The S&P study says the solution is to improve the nation's educational system. If the average worker had completed just one additional year of education, S&P concludes, it would add $105 billion to the economy each year for the next five years, about half a percentage point in annual gross domestic product. But how would those billions be split up? Even though more education generally leads to higher individual wages, the failure of workers over the past 35 years to capture more than a sliver of the financial benefits of increased productivity shows that S&P has missed the boat.

but republicans are for firing teachers and police and fireworkers killing unions so how can we reach a medium when they want to get rid of those things and workers that would make it work and speed ourreciovery?  we vote them out Nov. 4th be there be aware and give republicans a scare that's redeemable Nov. 4th 2016

"Defenders of the status quo have no answer to why the U.S. is an outlier in the rate at which income inequality has grown. There is something about the U.S. that is unique, and it's not its markets, which are largely indistinguishable from those of other countries. No, it's the comparatively parsimonious investments the U.S. makes in its citizens. Americans simply do not have equal opportunities. This is more than an ethical or social issue: Underinvestment in human capital leads to lower productivity, which is to say, lower national income. Comparative data show that the U.S. offers less social and economic mobility than do many of its peer countries—a startling rebuke to the mythology of America as the land of opportunity."

AMEN!!!!!!!!