Everything is great again in the USA! The stock markets are booming. Banks are as profitable as ever and are now lending again. All the economic indicators are rising. These are joyful words for us liberals and dreaded ones for conservatives during a Democrat administration.
Everything is great except for the fact that almost all of this prosperity is flowing into the hands of the top few percent in our country but thankfully it is also flowing into our pension funds. Most are in dire need of help. So, it is sort of true that a rising tide lifts all boats; it is just that most of us have leaky row-boats instead of mega-yachts.
Income and wages for most of us are still below 2007 levels and averages are below the 1970s level. Unemployment is still too high. The middle class continues to shrink. Will this condition ever resolve itself? I don’t think that will happen anytime soon. It will likely take a decade or more for us to stabilize into a new norm for the average family.
- All of us will have to get it through our thick heads that the good paying low skilled factory jobs are gone.
- All of us will have to understand that a middle class job of the future will require more than a high school education. Stopping at high school almost assures you of a lifetime of hamburger flipping or other minimum wage job.
- We will have to come back to a political sphere where the good of the nation takes precedence over a political party.
- We will have to understand that in the world markets, requiring U.S. corporations to pay for employee health insurance when the rest of the world depends on government to do that stifles job creation in this county.
- We will have to understand that in order to raise our job skill levels higher education should not put our young people into massive debt when so many other countries provide free or at least heavily subsidized educational expenses. We have to realize that higher education should be a right to all instead of a privilege to a few.
- We will have to realize that being in the middle class is not an entitlement but something to be obtained through diligent effort.
- We have to understand that some things in life take years of putting aside a few dollars to afford. Instant gratification is just not sustainable for most of us. It puts us in a debt spiral that is almost impossible to escape.
- We will have to understand that life is not always fair and that sometimes it even craps on us.
Everything is great again in the USA except……..