Time for a reality check:
Call me crazy. Call me a radical. But when 80% of Americans are near the poverty line its time for a New Deal. It’s time to stop calling this “recovery” a recovery and have a real discussion about whats going on in our economy- grand theft by the top 1% enabled by a do nothing Congress. Its not whether or not the US has been in decline for the last 3 decades economically- the question is whether its reversible and whether there is a will to not just build working institutions, but to also repair the broken ones. This is the great challenge facing the 21st century world.
We’ve been waiting nearly 3 decades for the returns from Trickle Down economics carried out by Presidents of both parties- and we are still waiting…
More on this topic in a future post.