Everyone In America Is Even More Broke Than You Think

[earthside]

5. We are in trouble.

This has always been one of my major criticisms of Pres. Obama.

He treated the Great Recession as just a more severe than usual typical downturn in the business cycle, in this case caused by the housing bubble. His remedies, therefore, were the usual, i.e., government stimulus -- but no major reforms or restructuring.

So, we have seen a very anemic recovery and we've seen the income inequality gap get worse and worse.

I think, therefore, that we are once again heading toward an economic precipice ... and I think you are already seeing signals of a deflationary spiral, because there is simply not enough wealth amongst the working and middle class to sustain a consumer economy.

And, this is a reason I support Sanders, too. We are going to have to have big, bold changes in the way we run our economy; Bernie understands this -- Clinton and the Repuglicans do not.