Saturday, November 14, 2009
The Great Problem
Despite how easy it is to see, Bob Herbert is all too often one of the few who see The Great Problem.
President Obama’s strongest supporters during the presidential campaign were the young, the black and the poor — and they are among those who are being hammered unmercifully in this long and cruel economic downturn that the financial elites are telling us is over.What he doesn't see is any sign of sufficient vision or purpose to deal with it.
If the elites are correct, if the Great Recession really is over, then these core supporters of the president are being left far, far behind — as are blue-collar workers of every ethnic and political persuasion. Nobody wants to talk seriously about class in America, but the elites are smiling and perusing their stock portfolios while the checklist of Americans locked in depressionlike circumstances just grows and grows: construction and manufacturing workers, young men without college degrees (especially young black and Hispanic men), teenagers, and those who were already poor when the recession began.
The economic environment for all of these groups is an absolute and utter disaster.
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