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Showing posts with the label Build An Economic Foundation

Build a Foundation

The Obama Administration is stuck on the rebuilding of the banks as the way to solve the current economic situation. That might be a necessary element, but it is far from the only response that is needed. After eight years of neglect by the Bush Administration, there is a dire need to address the downward mobility of the American Family. Not only has the income disparity grown throughout the Bush years to the point of creating two classes and almost making the middle class non-persistent, but the disparity among racial segments of American Society suffered greatly under the Republican Regime of George W. Bush to the point the wealth quotation of Black Americans is on 10% of the wealth quotation of White Americans. But this is not just a racial issue, the disparity between rich and poor has widened at an alarming rate throughout the Bush Administration and nothing that the Obama Administration has proposed will address this disparity. Even if the Banking System is the priority at this m...