A big social sciences trust
Researched and concluded, nonplussed:
"Our suburbanite set,
Adjusted for debt
And inflation, is actually bust."
Aaron Task and Henry Blodget of Yahoo! Finance alert us to a study conducted by the Pew Research Center. Pew looked at the data related to income and wealth inequality in the US and determined: the US economy sucks because the middle class is broke. Task and Blodget agree, in their discussion below, that US employers must hire more workers and pay them more, for the good of the economy as a whole. As Henry Ford realized a century ago, well-paid workers can afford to buy things, and their liquidity feeds a rising tide that lifts all boats. Can the private economy, which is sitting on mountains of idle cash, do this on its own without the intervention of our dysfunctional government? I ask you.