More than five years after the Great Recession officially ended in June 2009, a whopping 72 percent of Americans think the economy is still mired in a recession. And while they’re technically wrong, it’s not hard to see why they have that idea. Despite 56 consecutive months of private sector job growth, the labor force participation rate is at its lowest level since 1978. While the top 1 percent has bounced back just fine, middle-class wages remain stagnant. Can you blame the country for not breaking into “Happy Days Are Here Again”?
In his New York Times column this morning, Nobel Prize-winning economist Paul Krugman spells out what’s wrong with our economy and with our country in general. It’s “the destructive ideology that has taken over the Republican Party.”
Now, let’s be fair… The GOP has a long history of destructive economic policies. They caused the Enron scandal, the S&L scandal, and most other economic scandals. But while they have always been extreme, they have gone full-blown fascism. Anyone who doesn’t agree with the Republican party “should be jailed or killed.” And that’s just plain un-American and pro-Nazi Germany.