Even though residents in the foothills turned out to denounce health care reform, today they are benefitting from the work of a socialist project, state tax funded firefighters and equipment. Governor, tea baggers, are you listening? The Sacramento Bee on Sunday has an editorial on the positive aspects of the state economy. A problem with this analysis is that only part of the California and U.S. economy are showing signs of improving – the corporate finance sector. There is no evidence of a growth in jobs. So, we probably are headed for another job less recovery in which the well off will profit. What caused this economic crisis ? Major banks and corporations looted the economy creating an international meltdown. Now, they have been rewarded with bail out money. We have cuts in parks, nurses, libraries, .School children did not create this crisis. Foster care children did not create this crisis.
Meanwhile the anti tax crowd roars, - No
New Taxes. I hope that they do not live in a fire zone.
This is not just another business cycle, this Great Recession is different. Read, “No Return to Normal”, by James Galbraith in the Washington Monthly.
Or his new book, The Predator State: How Conservatives abandoned the Free Market and Why Liberals Should Too.