Fun With Thomas Friedman

Thomas Friedman tells us today that we have "win together or lose together." That's a really cute line.

Folks who look at the National Income and Product Accounts know that corporate profits are at a record high share of national income. And within corporate profits, the financial sector is at a record high. Given that we have 25 million people unemployed, underemployed or who have given up looking for work altogether, that doesn't seem like much togetherness. 

We could increase togetherness ...