Average Americans are hurting. But their pain isn’t coming from government. It’s coming from an economy whose benefits are concentrating ever more at the top, whose giant corporations are controlling ever more of our democratic process, and whose costs and risks are becoming ever more burdensome for the middle class and the poor. Public schools, parks, and libraries are closing or reducing hours and staff. Median hourly wages are dropping. Unemployment is at levels not seen in decades; long-term joblessness hasn’t been this bad since the 1940s. Social safety nets — unemployment insurance, Social Security, and Medicare — are endangered.
Yet corporate profits are reaching unprecedented levels, and the richest Americans — CEOs, other top corporate executives, investment bankers, and hedge-fund managers — are raking in as much or more than before the Great Recession.
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I contend that the movement of money from middle-class Americans to rich Americans was facilitated by politicians every step of the way.
I also contend that the Clinton administration did improve the lot of the middle class and that fact explains his popularity and Obama's unpopularity.
We voters wanted real change not spare change.
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