Mayday for America’s Middle Class

August 20th, 2013

(Peter and Maria Hoey / For The Times / August 4, 2013)

As published by the Los Angeles Timeson Sunday, August 4, 2013

By Hedrick Smith

In his fresh effort to put the economy back at center stage in Washington, President Obama has issued a

new challenge to congressional Republicans on the crucial issue of why the American middle class is hurting and which side can best lift average Americans out of the rut. And the president has history on his side of the argument.

Both sides agree that the middle class is financially squeezed. But they disagree on the causes and the cures, which means they are headed for a nasty showdown in the fall over government programs and the budget.

Read the rest here…

The Middle Class, Under Attack

August 20th, 2013

As first run by The Sacremento Bee on August 11, 2013

By Hedrick Smith
Special to The Bee

Perhaps the most disturbing aspect of the nation’s economic recovery is that it has not healed America’s gaping financial inequalities. In fact, just the opposite. Our highly touted New Economy, abetted by a Congress with its thumb on the scales against average Americans, has actually widened the gulf between the 1 percent and the rest of us since the United States hit bottom in 2009.

That’s bad news for everyone. Economic studies are unambiguous: U.S. economic growth is hurt when wealth is hyper-concentrated in a small super-rich elite. History shows that America grows best when income differences are smaller and the middle class gets a larger share of the nation’s gains, as it once did.

See the article in its entirety here…

 

C-SPAN interviews Hedrick

May 3rd, 2013

See more here.

Hedrick Campaigns for America’s Future

April 10th, 2013

As first published April 3, 2013

Isaiah Poole, of the Campaign for America’s Future, interviews Hedrick about his book and asks him what can be done to rebuild the American Dream.

See more about Isaiah Poole’s interview with Hedrick here.

Kansas City, a Standing Ovation

March 22nd, 2013

As presented at the Kansas City Missouri Central Library on March 12, 2013

See more about the event here.

Straight Talk in a Red State

March 22nd, 2013

As first heard on Kansas City’s KCUR on March 12, 2013

Steve Kraske of the Kansas City Star interviews Hedrick Smith

[audio:http://kcurstream.umkc.edu/UpToDate/UTD_3-12-2013.mp3]

For more, visit KCUR here.

The Economy with Diane Rehm

March 12th, 2013

As first heard on WAMU on March 11, 2013

The Outlook for the US Economy

“Last week the Labor Department delivered the best jobs report in more than four years. The Dow Jones industrial average posted record highs. And corporate profits continued to soar. There’s good news to celebrate. But some economists and analysts say it’s too early to pop the cork on the champagne. Millions of Americans are still unemployed or underemployed. Even though the private sector added 236,000 jobs in February, the public sector dropped 10,000 positions in the same period. Concerns are strong that sequestration cuts will cause the economy – and jobs growth – to slow. Diane and her guests offer differing views on the outlook for jobs and the overall economy.”

Listen to the entire discussion here…
Read the transcript here…

One Economy, Two Americas

March 8th, 2013

This blog post first appeared on BillMoyers.com.

By Hedrick Smith

Before you gulp down your favorite champagne to celebrate Wall Street’s new stock market highs, remember that we are two Americas: The nation’s economic divide is costing us all dearly in terms of lost jobs and growth and is fueling the angry, gridlocked politics in Washington.

As The New York Times reported Monday, corporate profits have been skyrocketing ever since 2008 -– rising an average of 20.1 percent a year for four years in a row. But out on Main Street, average household incomes have risen only 1.4 percent a year. CEOs and big investors have been hogging the profits…

See the entire piece at BillMoyers.com.

An Interview with Kojo Nnamdi

March 8th, 2013

As aired on March 5, 2012

“Here to walk us through the steps of how we got here and what it will take to change course is Hedrick Smith. He’s the Pulitzer Prize-winning reporter, Emmy Award-winning producer and a bestselling author. His latest book is “Who Stole the American Dream?” Rick Smith, good to see you.”

Listen to the entire interview and read the transcript here.

Is a new progressive era upon us?

February 19th, 2013

As carried by MSNBC’s Hardball on February 16, 2013

By Hedrick Smith

The pundits are now parsing President Obama’s State of the Union to calculate its impact on upcoming battles over the budget, gun safety and immigration. But their focus is too narrow. Their time horizon is too short. Something much bigger is afoot.

See the entire piece here…