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Losing Our Way - NYTimes.com
Welcome to America in the second decade of the 21st century. An army of long-term unemployed workers is spread across the land, the human fallout from the Great Recession and long years of misguided economic policies. Optimism is in short supply. The few jobs now being created too often pay a pittance, not nearly enough to pry open the doors to a middle-class standard of living.

The U.S. has not just misplaced its priorities. When the most powerful country ever to inhabit the earth finds it so easy to plunge into the horror of warfare but almost impossible to find adequate work for its people or to properly educate its young, it has lost its way entirely.

The current maldistribution of wealth is also scandalous. In 2009, the richest 5 percent claimed 63.5 percent of the nation’s wealth. The overwhelming majority, the bottom 80 percent, collectively held just 12.8 percent.
USA  lostdecade  middleclass  decade  greatrecession  monetary  fiscal  policy  presidency  barackobama  war  Iraq  Afghanistan  Libya  Fed  society  culture  inequality  poor  rich  politics  leadership  GE  jeffreyimmelt  tax  taxevasion 
march 2011 by asterisk2a

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