Monday, February 2, 2015

Winter Storms and spring policies

With the Northeast mired in another winter storm, even the Patriots' victory in the Super Bowl is unlikely to lift the spirits of any but the most diehard Patsie fan.  Half a foot of snow and a high temperature of around zero is a recipe for depression.   Meanwhile, the entertainment quotient in D.C. will be high for the next few days as the administrations' budget is presented to a hostile congress.  Obama is playing to the cheap seats with his latest throw down.  By offering help to the lower middle class at the expense of the wealthy, he is putting markers  out for the next Democratic  presidential candidate.  Everyone knows the repubs will poo-poo any attempt to attack the problem of inequality with higher taxes.  Also, everyone knows that is the only way to address the problem.  The wealthy control most of the levers in the economy and the government is the only player with the power to effect change.  Obama's message will resonate with populist leaning Dems, but he needs to generate enthusiasm among the potential beneficiaries of the policy.  The common wisdom is most people don't pay attention to their elected representatives except for a few days before each election.  That apathy needs to change, or we will be treated to more of the same wealth concentrating policies which will contribute to the stagnating economy we are still experiencing.  If the 1% don't see the wisdom of higher taxes, the President needs to make the case for a drastic change in 2016.  Are you listening Hilary?

No comments:

Post a Comment