A front page story in the Jan. 2 issue of the Washington Post gives a damning report on George Bush's economic policy and what happened to our country during the last decade, the decade of the aughts.
Put succinctly, the decade was a disaster for America's working families.
- Zero job growth in the last decade when every previous for 60 years had job growth of at least 20 percent.
You have to hope that Lawrence Summers and the economic team at the White House are reading the
Post
.
You cannot grow the economy from the top. You must have broadly shared prosperity.
As the Post put it: "Capital was funneled to build mini-mansions in the Sun Belt, many which now sit empty, rather than toward industrial machines or other business investment that might generate economic output and jobs for years to come."
The prescription for a policy of broadly shared prosperity is clear:
- Pass the Employee Free Choice Act to allow workers to freely form unions and bargain for a fair and greater share of the wealth they create and the productivity they generate.
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