Kevin Drum on the economy.
This isn’t just a matter of social justice. It’s a matter of facing reality. If we want a strong economy, we can only get it over the long term if we figure out a way for the benefits of economic growth to flow to everyone, not just the rich. This is, by far, Barack Obama’s biggest economic challenge. Until median wages start rising steadily and consistently, we haven’t gotten ourselves back on track
In other words, the secret to sustainable economic growth is to make sure that a ton of people have a modest amound of disposable income. Having a few of people with a shitload of income, while the rest worry about medical bankruptcy, worked out less well.
As with so many things (to pick the most recent example, this) I have some thin hope that help is finally on the way.