LA Times correspondent Vincent Bevins nails nails it:
Both Brexit and Trumpism are the very, very wrong answers to legitimate questions that urban elites have refused to ask for thirty years. . . . Since the 1980s* the elites in rich countries have overplayed their hand, taking all the gains for themselves and just covering their ears when anyone else talks, and now they are watching in horror as voters revolt.
I can’t speak for other countries, but here in America . . .
If Gore had been allowed to serve instead of Bush, tax rates on the wealthiest would have not been slashed.
If the Republicans hadn’t blocked Obama’s American Jobs Act (and so much else), millions would have been put to work at good jobs rebuilding our crumbling infrastructure, the minimum wage would have been raised, federal student loans would have been refinanced at today’s low rates, Medicaid would have been expanded — all things that would have allowed average folks, and not just the elites, to do a little better.
Quote of the Day
Capitalism without bankruptcy is like Christianity without hell.~Frank Borman (ex-Eastern CEO)
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