With the benefit of hindsight we now
Thus in the developed nations of Europe citizens enjoy extensive social welfare programs free health care university education at little expense etc. etc. The growing wealth gap is a threat to democracy and equally to economic prospects in the U.S. If the middle class continues to shrink and incomes continue their relative decline who will buy the products and services offered by corporate.America Unfortunately regardless of what clever solutions may be devised there is little chance that the wealth gap will be addressed in the foreseeable future. To understand why one has to confront the Chinese Overseas America Number Data elephant in the room the toxic issue that no one wants to touch Race. The initial completely misguided reaction to the election of Barack Obama was that we had moved at last to a post racial America. see that his election has set race relations in America back years. How so And what does this have to do with solving the wealth gap The election of Barack Obama signaled that for roughly half of the electorate the decision for whom to vote was indeed color blind. This half would vote for the best candidate who offered the best prospects with race playing no role.
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The other half of the electorate unable to tolerate the prospect of a black person succeeding in a position of such responsibility hardened it s racist views and moved itself toward the far right. Thus the rise of the Tea Party. Thus the strategy of the Republican party since the election Obstruct every proposal made by the President and by Democrats so that at the end of his terms Republicans could point to the lack of enacted legislation and say See Obama was a complete failure.
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