It’s Our turn
This a good read and because it’s the economy (stupid), it’s understandable for us who are not economist - and it’s talking to us 99%.
So there you have it: the great, neo-con economic experiment is over and the results are in. Outside of the top 1%, there’s less income growth than in any past business cycle. The key macro-indicators, such as employment, GDP growth, and investment have also faired uniquely poorly. The anti-government, deregulatory agenda has led to fatal incompetence, a massive housing bubble, ailing global credit markets, and near-recessionary growth for the US. The “opportunity society” is a cruel joke: homeownership rates are falling for the first time in decades. The defenders of the status quo will howl in protest: the Democrats blocked us, the terrorist attacks and the war changed everything, we must stay the course to victory! But such rhetoric should be dismissed as what it is: the last, desperate gasps of a dying movement. They’ve had their turn and they’ve failed. It is our turn now.
Posted on May 19th, 2008 by George Sand
Posted in National Politics. | EMail This Post

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