Tuesday, June 9, 2020

It's Economic Dignity, Stupid

I’m sure you all remember when Bill Clinton ran for President in 1992, James Carville’s precinct slogan, “it’s the economy stupid” was a fundamental foundation of the campaign.

It was effective because it captured, in perhaps a more innocent time, the essence of the economy that personally impacted every single American.

Today, almost 30 years and a p
olitical chasm latter it seems there are many economies. The Wall Street economy, the economy of the one-percent, the middle class, those struggling to make ends meet, and those totally left behind. The “economy” is no longer a catchword that is a big tent for all.

Just look at the current situation as 35 million Americans are out of work, lines at food banks stretch for miles, and yet the stock markets are hitting new highs.

Today, the current pandemic and its resultant economic crises are an accelerant to further these divisions. So as we look out amidst massive unemployment and an even greater economic divide and we wonder if there might be a common goal that the economy should represent and strive for?

Former Clinton and Obama economic advisor Gene Sperling things so and he outlines it in Economic Dignity

My conversation with Gene Sperling: