Why Is The Middle Class Really Bogging Down?Rudi Dornbusch
The battle for 1996 is on: President Clinton is fighting for survival by invoking divisive class prejudice, while the Republicans are no better in their promise to create prosperity out of thin air. The economy has been doing well, there has been growth, and there is full employment. But it is obvious from the political maneuvering that more is expected and promised than the economy can deliver. That is a dangerous route: Even a free-market economy cannot deliver equality and prosperity for all.
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