Sunday, December 22, 2013

Equality and growth

Prez. Obama appears to be making wealth inequality the central issue of the rest of his presidency. Perhaps he should take lessons from Elizabeth Warren. He tends to hedge his remarks. She lets it rip.

But there is a bit problem Obama must face, says Michael Tomasky of The Daily Beast. Americans talk about fairness, but don't care that much about it. Those who live comfortably are afraid that if more is given to the poor it is going to come out of their hides. What most people (except the 1%) want is for the economy to grow. And we know what policies will help make that happen, even though the GOP does its darndest to prevent those policies from being enacted. Thos policies include: get rid of all hints of trickle-down economics and the idea that gov't budget cuts promote growth. Then keep or rebuild regulations that protect the consumer. So Obama's task is getting the Democrats, left and center, talking in terms of growth.

I recently heard Elizabeth Warren was asked if she might run for president. She responded that she will focus on completing her term in the Senate. Which is about the same answer Hillary gave this far ahead of the 2008 elections. But that got me thinking I would much rather have Elizabeth than Hillary.

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