Job Growth Loses Steam - WSJ.com
Comment by PD:
"...a general problem ever since the turn of the century... the middle class has had stagnant, at best, real income growth.
Many middle class, independent voters eagerly await a politician that can espouse a vision for setting us on a new trajectory. A vision that seems to acknowledge what many view as a long brewing problem rather than simply a vision of political opportunism."
Response:
As an example of what should change, in California education policy the goal is to equalize educational outcomes rather than opportunities. Thus, the money and effort goes into helping the dumbest, most needy kids rather than those with potential.
As a result, the latest statistics show 70% of LA kids not graduating from high school. The national average is 50%.
If people are going to get good paying jobs and demand (or be led to believe they are entitled to have) abundant health and retirement benefits, then the money has to come from somewhere.
If a society is encouraged to spend and not save and business and the wealthy are supposed to sacrifice their capital and incomes (the top 1% pay something like 51% of all income taxes and see all the recent articles on this), business and banks get bashed by Obama, then where are good paying jobs to come from?
With no education in a competitive global economy, those who would like to make an American 'middle class' demand on global resources (think our trade deficit), have to bring something proportionate to the table. Democrats would cringe at the idea of telling people this!!!
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