Thursday, July 25, 2013

Growing from the MIddle Out

No, I'm not talking about the obesity crisis in the US. I'm talking about the economy. The economy rides on the backs of the middle class. With the majority of the economy based on consumerism and the middle class being the consumers you would think it a no-brainer that a strong middle class is the key to a strong--read profitable--economy. But republicans just don't seem to get that. The rich don't create jobs. A strong middle class creates the demand for goods and services that causes businesses to hire more employees--read take on more expenses--to make more profits.

President Obama has recently brought this out in a series of speeches on the economy. His programs are aimed at strengthening the middle class. He has the right idea, but I'm afraid the obstructionist Republicans in the House will work hard to assure that their rich friends are not affected by any proposals. If only they could take their heads out of their... Well you know...long enough to see the truth in the points above, maybe everyone could benefit. I have little hope that will happen, given their track record, however. The only way for this to have any chance of success is for the Democrats to take over both houses of Congress.