But there is no chance, given the embarrassingly dysfunctional political environment in Washington, that any of the bold steps needed to ease the jobs crisis and brighten the nation’s future will be taken. The politicians have abdicated their responsibility, thus insuring that the long dark night of the American economy will continue.
With those coping mechanisms now exhausted, it’s painfully obvious that the economy has failed working Americans.
There was plenty of growth, but the economic benefits went overwhelmingly — and unfairly — to those already at the top. Mr. Reich cites the work of analysts who have tracked the increasing share of national income that has gone to the top 1 percent of earners since the 1970s, when their share was 8 percent to 9 percent. In the 1980s, it rose to 10 percent to 14 percent. In the late-’90s, it was 15 percent to 19 percent. In 2005, it passed 21 percent. By 2007, the last year for which complete data are available, the richest 1 percent were taking more than 23 percent of all income.
The richest one-tenth of 1 percent, representing just 13,000 households, took in more than 11 percent of total income in 2007.
We’ve got more and more people in our working-age population and fewer and fewer jobs to go around. Mr. McMillion tells us that there are now 3.4 million fewer private-sector jobs in the U.S. than there were a decade ago. In the last 10 years, we’ve seen the worst job creation record since 1928 to 1938.
We’re not heading toward the danger zone. We’re there. The U.S. will not remain a stable society if this great employment crisis is not addressed head-on — and soon. You cannot allow joblessness on this scale to fester. It’s wrong, and the blowback will be as destructive and intolerable as it is inevitable.
Now we’re learning that unmarried women are among those being crushed by the epidemic of joblessness. As the Center for American Progress has noted, “The high unemployment rate of unmarried women, and particularly the 1.3 million unemployed female heads of household who are primary breadwinners for their families, is devastating to their financial circumstances and standard of living.”
Insurance companies are delighted with the way “reform” is unfolding. Think of it: The government is planning to require most uninsured Americans to buy health coverage. Millions of young and healthy individuals will be herded into the industry’s welcoming arms. This is the population the insurers drool over.
This additional business — a gold mine — will more than offset the cost of important new regulations that, among other things, will prevent insurers from denying coverage to applicants with pre-existing conditions or imposing lifetime limits on benefits. Poor people will either be funneled into Medicaid, which will have its eligibility ceiling raised, or will receive a government subsidy to help with the purchase of private insurance.
If the oldest and sickest are on Medicare, and the poorest are on Medicaid, and the young and the healthy are required to purchase private insurance without the option of a competing government-run plan — well, that’s reform the insurance companies can believe in.
Mr. Obama is betting that in the long run none of this will matter, that the most important thing is winning the White House, that his staunchest supporters (horrified at the very idea of a President McCain) will be there when he needs them.
He seems to believe that his shifts and twists and clever panders — as opposed to bold, principled leadership on important matters — will entice large numbers of independent and conservative voters to climb off the fence and run into his yard.
Maybe. But that’s a very dangerous game for a man who first turned voters on by presenting himself as someone who was different, who wouldn’t engage in the terminal emptiness of politics as usual.
Like crack addicts confronting the irresistible vial, the evil geniuses of the G.O.P. can’t seem to help themselves. This time — with an eye toward seizing the White House again next year, even if they lose the popular vote — they’re trying to rewrite the rules for the distribution of electoral votes in California.
Under current law, all of California’s 55 electoral votes go to the presidential candidate who wins the popular vote statewide. This “winner take all” system is the norm in the U.S. It’s in place in all but two states, Maine and Nebraska, which have just four and five electoral votes, respectively.
Now comes a move, from lawyers with close ties to the Republican Party, to scrap the current system in California and replace it with one that would divide up the electoral votes in a way that would likely give 20 or more of them to the candidate who loses the popular vote in the state.
Democrats fear, correctly, that this maneuver could checkmate even their best efforts to win back the White House next year.
One of the leading figures of the religious right of the past fifty years, Dr. James Dobson, 89, reportedly died today. No cause of death ...
