The insurgent presidential bids of Donald Trump and Bernie Sanders have roused Americans who are angry and anxious about an economy they feel has left them behind.
Most economists have a brighter view. They say that while
many people haven't benefited much since the recession ended, a stronger
economy lies ahead.
An Associated Press survey this month of nearly three dozen
economists found that a majority thinks the United States remains resilient
enough to defy a global slump and the sinking stock markets that have raised
fears of a new U.S. recession. With job growth solid, higher wages and spending
should offset global threats and support growth, they say.
That may be overstating it a bit, but I'm trying to bring the song back for the Democrats. Where have ye gone, FDR!
"They say that while many people haven't benefited much since the recession ended, a stronger economy lies ahead."
ReplyDeleteSo reality proves them right. The recession started 10 years ago. Since then only the corporations and rich individuals have benefited from any economic recovery. How long do we wait to say we have recovered? So Bernie is correct. Vote for Bernie!.
I will vote for Bernie in the NY primary when it comes around. I will be satisfied to cast a vote for Hillary in the general if she is the nominee. I threw away my vote on a Green once and once only.
ReplyDeleteIncome inequality is a real thing. I live on probably less than the average American. But I'm an ascetic and that's not for everyone. I wouldn't say that only corps and the rich have benefited. Anyone who has an IRA or 401k has also benefited as they will be able to retire better than they would have with a 20 year bear market.
I'm not an economist, so I take the word of those who are.