It’s never been harder to find a decent job making something real.
by Victor Davis Hanson // National Review Online
The American middle class, like the American economy in general, is ailing. Labor-force participation has hit a 35-year low.
Median household income is lower than it was five years ago. Only the top 5 percent of households have seen their incomes rise under President Obama.
Commuters are paying more than twice as much for gas as they were in 2008. Federal payouts for food stamps, unemployment insurance, and disability insurance have reached unprecedented levels.
Meanwhile, the country is still running near-record budget deficits and is burdened by $17 trillion in aggregate debt. Yet the stock market is soaring.
How can we make sense of all this contradictory nonsense? Irony.
Obama promised to restore the middle class. In truth, Read more →
What If the President Liked Businesspeople?
by Victor Davis Hanson
Tribune Media Services
The US stock market has nose-dived. Congress just approved the highest debt ceiling in American history, allowing the government to carry over $16 trillion in national debt, and prompting the credit-rating agency Standard & Poor’s to downgrade America’s multitrillion-dollar debt for the first time in 70 years. Read more →
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