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Tag Archives: middle class

Economist with a Heart

Washington – Alan Krueger, the Princeton professor and economic adviser to two presidents who died last weekend, rang the alarm bell for me as a reporter six years ago with a disturbing speech that he gave, of all places, at Cleveland’s Rock and Roll Museum. Krueger was one of those rare economists who break out […]

Taking on Economic Inequality

Washington – Behind the hollow sparring over the border wall and government shutdowns, the ground is shifting under President Trump and the political pendulum is swinging toward a new economic agenda. Even conservative Fox News reports that American voters, by a huge margin, now want to reverse the Trump tax cut of 2017 and increase […]

Engine of Growth: Strong Middle Class Wages

Over the last three decades, we’ve lost something precious and essential in the American concept of capitalism – the idea that shared prosperity is good business and smart economics because it generates long-term economic growth and competitiveness for the nation as a whole. High economic inequality is a drag on economic growth, economic studies show. […]

GOP Tax-Cut Feeds Cancer of Inequality

Washington – The most lethal damage to American society embedded in the Republican tax plan now being rushed through Congress is that it will metastasize the cancerous economic inequality that has been eating away at the health and fabric of American democracy over four decades – an issue some Democrats plan to take to voters […]

Tax Cuts – Middle Class Boost or “Fake Math”?

Washington – With Republicans surfacing more details of their tax-cut package and debate sharpening over its likely impact, Trump’s top economist forecasts a boost of $4,000 in annual income for the typical American family but most economists don’t buy that estimate and Senate Democratic Leader Chuck Schumer derides it as “fake math.” In fact, one […]

Aftershocks from the Populist Earthquake of 2016

Our political world is feeling the after-shocks of Campaign 2016. The question now is whether President Trump and the GOP in Congress will deliver on Candidate Trump’s promises of a better deal for working middle class Americans or whether Trump’s new allegiance to the elite and the ideological conflicts within the Republican Party will do the […]

What About Our Jobs? Mr. Trump

Washington –  When President Trump flew to Wisconsin recently to tout his “Buy American, Hire American” mantra, he was greeted by one worker carrying a sign that betrayed frustration among his political base: “Wall Street Got Theirs. Where’s MY infrastructure JOB?” A surprising answer came this week from Infosys, an Indian outsourcing firm that was […]

The Civic Uprising of 2017

Highlights – Ralph Nader Interviews Hedrick Smith : “Certainly Trump didn’t intend to do this, nor did Steve Bannon, his Rasputin in the White House, but you know, accidentally and unintentionally, they have triggered and ignited a fire in the political prairies of this country.” “I don’t think we’ve seen this kind of electricity, this kind of […]

What Caused the Populist Earthquake of 2016?

If you’re still puzzling or in shock over the 2016 election, this is a must-watch video. I dig into the roots of the populist mutiny that caused this year’s populist earthquake – a mutiny that has been brewing for three decades in Middle America and that finally exploded, firing the astonishing candidacy of Bernie Sanders […]

Why Good News/Bad News for the Middle Class?

Olga, WA – If you’re baffled by the latest good news/bad news for the American middle class – word that in 2015 typical family income got its best boost in five decades, but families are still worse off than in 2007, just think about trickle-down economics and how it works. During an economic recovery, the […]

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