Archive for August, 2015

“Mind the Gap”

August 8, 2015

No not the gap between a London tube platform and a train’s car that signs warn riders to “mind,” but the very wide income gap between America’s wealthy and it’s shrinking middle class. That’s going to be the key issue in the  upcoming  presidential  election.  I didn’t hear it mentioned in the Republican debate Thursday night on Fox News.

One of the reporters did ask how Republican candidates are going to respond to Hillary Clinton’s claim, that, in essence, all Republicans care about are the wealthy. The main answer was that Republicans will grow the economy which will provide more jobs. Will  it? The economy has bounced back since the 2008 Great Recession. The trouble is that the improvement was soaked up by those at the top. The average worker’s income remained virtually flat. Money that could have been used to raise the incomes of employees and provide jobs went to the top. CEOs are doing very well. Just ask Donald Trump.

Wedge issues like Planned Parenthood and immigration got a lot of attention during the debate, but they didn’t derail President Obama and they won’t derail the Democratic candidate this time around, either.  Again, the main issue will be the economy. Growing it is not enough. Making sure that a fair share of that growth goes to America’s working class is the issue.  The Democratic candidate can win the  election, but will that solve the problem? Well, a Democrat has been sitting in the White House for almost 8 years now and the problem is still very much with us. 

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