Great Depression and Great Recession

We need to wake up to what is happening in America. The way I see it my frugality skills are going to be important for a long time to come. Things are not going to get any better anytime soon. The same problems that led to the Great Depresion are present in this Great Recession. In the ten years leading up to both the Great Depression and Great Recession taxes at the top were lower than ever. There was rampant speculation with other people's money. The incomes at the top rose dramatically while the incomes of the people who actually do the work remained stagnant. Demand for consumer goods was low in both eras. Capitalists need to wake up and stop crying about taxes and high wages and start paying a decent wage. In my opinion Americans don't save because they haven't got it. It's not that we're all wasteful. Most of us are just about getting by. The problem is that since the era of Ronald Reagan wages have not grown for the average worker. Businesses do more with less. Every worker is doing the job of three. I'm all for getting your money's worth, but there are limits. Wake up. If people don't have jobs or only make minimum wage, then who is going to shop?
Also American innovation has been killed by cost saving schemes. Instead of developing new and improved products, business concentrates on cutting costs. Look at the auto industry. For years GM didn't pay a penny in taxes but continually cut quality so much so that after a while no one wanted to buy their cars . Duh? When that happened they went to Washington for a bailout from a system they never paid into. We gave them the money and they're back, but they continue to blame GM workers for their troubles. It's the unions fault we couldn't make money. What kind of nonsense is that? It's not the union's fault. It's management who wouldn't invest in researching and developing better cars. Management cut costs and people noticed. This is what Apple does with computers. They research and develop a better product so that even when times are tough, people want to buy their stuff. Who wants to buy a big gas gussler that breaks down all the time? This may seem harsh, but I am tired of hearing workers blamed for the problems of short sighted management. My advice to American Business: Make better stuff already. Put People to work so someone can buy your stuff. Stop crying and get back to work. Real work. Earn your money. I have an idea for the Big Three. How about making a driverless car? Using computers and all that. Mercedes Benz already has a car that brakes faster than a driver and Ford has a car that can park itself. How much more would it take to create a driverless car that can take people to the supermarket, the doctor and back. Make something new. Make a better car and the world will beat a path to Detroit's door.