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View Diary: The New White Poor are Not Honey Boo Boo, They Sleep in Their Cars and Shop at Trader Joe's (194 comments)

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  •  The US economy has been transformed (19+ / 0-)

    over the past 35 years from being one that made it possible for most people to live reasonably decent lives, and for some to live very nice lives, to one where it's possible for some to live reasonably decent lives, a small few to live very nice lives, and the vast majority unable to do much more than just barely get by--if that. It's more productive than ever, but with the majority of the fruits of that productivity going to the top 20%, with everybody else basically a modern sharecropper. While globalization and changing economic realities have had something to do with this, by far the biggest contributing factor has been policy, which whether intentionally or not has made this happen, what with tax cuts for the rich, deregulation and cuts in services and benefits and support for key infrastructure (which includes schools as well as roads and bridges).

    I.e. the government, at the urging of the rich, CHOSE to make this happen. And just as it made it happen, it can make it UN-happen. Starting that process, at the systemic level, has got to be one of Obama's top priorities for the rest of his presidency. Not completing it, as it'll take decades to reverse, but starting it, in a meaningful and measurable way. More than anything, this will be his legacy. Obamacare was a decent if insufficient start. But we need more.

    MUCH more.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Wed Jul 31, 2013 at 11:20:36 AM PDT

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