The “New Normal” In Charts
For those of you interested in how America’s “jobs recovery” is really panning outYou must Subscribe or log in to read the rest of this content.
For those of you interested in how America’s “jobs recovery” is really panning outYou must Subscribe or log in to read the rest of this content.
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No need to argue with this data. The argument arises over the root causes of this Great Recession, and what fiscal policies would aid in the recovery.
This recovery has lagged due to inadequate government stimulus to the consumer sector, and pressure for austerity by the foes of social safety net programs.
Rather than raise the cap on FDIC wages, austerians press to lower the cap and for chained CPI.
Rather than increasing the top income tax bracket rate and capital gains taxes on the rich, austerians want to cut food stamps for the poor.
This “recovery” has been a classic example of that old song refrain “the rich get rich and the poor get poorer. Ain’t we got fun?”