We live in an era when self-centered individuals and extreme capitalism are extracting rather than adding value for society. As a result, the American dream is at risk for the vast majority of workers.
Surprisingly, it appears that economists may agree with one another much more frequently than is thought. We would be remiss if we did not point out that this is not necessarily a good thing for two reasons.
Whether or not Barack Obama realizes his transformational mission and becomes a great president depends not only on obvious challenges of everyday politics but how he deals with the uncertain future of American democracy.
This week there was another big attack on Social Security by another elite. This time the attack comes from a columnist. These attacks never come from people who depend on these programs (i.e. almost all of us.) Why do the privileged elites hate Social Security so much?
Speaker Boehner's remarks on Social Security are profoundly insulting to the American people. Don't worry about his attacks on the President, who can presumably take care of himself. It's the rest of us I'm worried about.
President Obama should take the high road dealing with the budget and ignore the advice of false friends like Michael Gerson and Robert Samuelson. If he refuses to capitulate to conservative blackmail, the nation will rally behind him.