“While Wall St. is Making big bucks, Main St. is still hurting.”
This is perhaps one of the greatest misrepresentations of the divide between the rich and poor in the USA.
Sure, Wall St. bankers are better off than those standing in the food stamps line. But please… half the American people have some sort of direct or indirect investment in Wall Street. It ranges from directly investing in stocks (some people invest just a few grand), to those who have their pension and retirement plans in there. Therefore, a better Wall St. is indeed better for Main St., since Main St. Is heavily invested in Wall St.
Furthermore, when small business owners and large firms alike have better returns from Wall St., it mostly reflects better business conditions at a lot of firms, which in turn means more people get jobs, and the economy gets rolling again. Therefore, as I just wrote: a better Wall St. IS better for Main St.
