The Middle Class, Under Attack

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…



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