To begin with, globalization is generating increased competition among companies not only in the traditional centers of business and finance in the developed world, but from emerging countries as well.
Conservatives are always going on about crowd out, and I'm not saying it's impossible or never happens. I am saying it's really hard to find in the data and I'd therefore be extremely wary of those who claim it's a big deal.
If you expect the government to somehow guarantee that you'll have a better life than your parents, own a home or be promoted to vice president of a giant corporation, that is more fantasy than a dream.
There is a body of empirical, historical evidence that proves clearly that tax cuts for the rich not only do nothing to spur economic growth -- they actually do substantial damage to the prospects for economic growth.
Household income for the average working family has continued to fall, but men, Latinos and those without a college education have experienced an especially sharp deceleration of wage growth since the recession