Unemployment at 10.1%, underemployment at 19.6. 1 in 5. Meanwhile, inflation is starting to kick in, so we can soon expect interest rates to rise. Along with food, clothing, and energy prices. I predict soup lines. Followed by pitchforks. And maybe funny hats.
February 17, 2011
February 17, 2011
Cassandra-ism
Kurtz, pp 382-386: The most important clue of all to what the Obama administration may be up to comes from a fascinating analysis by Huffington Post political editor Thomas B. Edsall. Published in April 2010 by The Atlantic, Edsall’s article, “The Obama Coalition,” argues that the electorate is shifting toward a form of class-based political conflict unseen in America for decades.54 As a rule, says Edsall, economic growth reduces competition