The social crisis in America - World Socialist Web Site
▻http://www.wsws.org/en/articles/2013/05/04/pers-m04.html
The social crisis in America
4 May 2013
US stock markets surged Friday to new record highs as Wall Street traders seized on a tepid jobs report to engage in a fresh orgy of speculation.
The official line promoted by the Obama administration is that the United States is in the midst of an accelerating economic recovery. For the corporate and financial elite that runs America, and the section of the upper-middle class that hangs on its coattails, a soaring stock market is indeed what defines economic health. For the vast majority of the population, however, life five years after the Wall Street crash of 2008 is dominated by the daily struggle to make ends meet.