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View Diary: Krugman: Dwindling Deficit Disorder (135 comments)

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  •  For who? (1+ / 0-)
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    elwior

    Nothing remotely indicates that 90% have or will recover. At least four things indicate that they will not:

    1) After all the job "recovery"we are still about 7-8 million in the hole from where we should be based on population growth. At the rate we are going, that will take decades.

    2) In the meantime, wages have fallen, so lots more people who might be full participants in the economy are below, at or around the poverty level.

    3) Wealth and income continue to concentrate. With them goes influence and power. So, 90%n continue to lose influence over their future.

    4) Climate change impacts will increasingly disrupt markets and economic activity until growth is impossible.

    One of the major differences between Democrats and Republicans is that the former have the moral imagination to see the moral dimension of financial affairs, while the latter do not. Some pragmatists are exceptions.

    by Words In Action on Mon Mar 11, 2013 at 12:26:14 PM PDT

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