"By the numbers, the economy's doing really well.
"The unemployment rate is below 6% for the first time since before the crash. Even with the crash, the economy under Obama has created more jobs than in Bush's entire Presidency. In the last quarter, the economy grew at an annual rate of three and a half percent.
"So why doesn't it feel better?
"Because for the average family, it isn't better. The income of the average family hasn't gone up at all. While the economy's been growing, 95% of the gains have gone to the top 1%. They've had a recovery, but the average family hasn't.
"Are Republican economic policies going to fix this? Don't hold your breath. To begin with, we need to increase the minimum wage. Then we need to get rid of some of the tax loopholes the favor the rich.
"The economy's growing. Now it's time for some of that growth to reach the rest of us."
No comments:
Post a Comment