Two Generations Of Betrayal

I stepped into adulthood just as Ronald Reagan was being sworn into office. The generation before me, at least the whites, had been the beneficiaries of generous New Deal economic policy and a rapidly expanding economy.

They got houses, and educations and unions that kept their wages high; they got a sense of economic fairness and security, which probably, in turn, gave them a sense of cohesion and confidence in their government.

They voted to end all that for their children. They voted to end the economic thinking that had so benefited them, when it came to their children and grandchild. Not all of them, but enough. And some supporters of these policies, like Paul Ryan, may not be age members of the Boomer generation, but they are definitely philosophically Boomers.

Continue reading

Please follow and like us:

I’ll Take Middle East Conflagration for 300

This is a tough one because you don’t want to underestimate the odds of economic collapse. We have some felony grade idiots at the controls right now. Paul Krugman Dissects the Staggering Ignorance of the Trump White House. And the international money boys are starting to get a little nervous: America’s Biggest Creditors Dump Treasuries in Warning to Trump. Plus Trumpy’s head of the Nations Trade Council, Peter Navarro, may be a highly educated nutjob (where does Trumpy find these guys? Is there like a club or something?). The Most Dangerous Man in Trump World?

Continue reading

Please follow and like us: