For most Democrats, and many Americans, President Obama struck the right chord yesterday, addressing America’s economic inequality problem.
The right-fisted Republicans will surely respond with “There he goes again.”
The nuance is that the president addressed economic mobility. His point is that citizens face these conditions:
- Shortfall of employment opportunities
- Deficient upward mobility
This analyst adds resource and capital depletion caused by extreme wealth concentration and wealthy persons either sitting on their assets or moving them abroad to escape social and environmental responsibility.
Class warfare in America is underway. While working Americans find some relief, there is a burgeoning new wave at both ends of the spectrum who will soon exacerbate the situation. Young workers are increasingly underemployed and unemployed. Older workers are squeezed out and left dangling on in insecure ledge called Social Security.
The President called for ideas to address the situation. He invited the Republicans to come on over for sharing. The trouble is that they are empty.
Sustainable economics is the way ahead.
“Obama focuses agenda on relieving economic inequality
By Zachary A. Goldfarb
President Obama laid out an aspirational agenda Wednesday for the remainder of his presidency, looking past the Republican opposition that has long blocked his goals and toward policies to narrow income inequality and promote opportunity for the poor.
Obama’s remarks at an arts and education center in a low-income Southeast Washington neighborhood provided his most specific road map for how he intends to spend his final 37 months in office, seeking to overcome partisan fights about the budget and the troubled rollout of his health-care law. He pressed for a higher minimum wage, more spending on early-childhood education, an overhaul of immigration laws and other measures aimed at boosting the economy.”