Lagging Indicator
"Democrats have always believed that a basic civil right of all Americans is that their right to earn their own way. The party of the people must always be the party of full employment."That was Ted Kennedy during his famous 1980 speech at the DNC convention. Times have changed. Politicians no longer pretend full employment is possible or even desirable in the age of globalization. Alan Greenspan once noted that it is needed to keep a downward pressure on our wages.
There's is a level of unemployment and homelessness which we have all agreed is socially acceptable for America, the richest country to exist since the Big Bang. We're working hard to get back to it so we can start ignoring it again.
Wed: Ted's legacy
posted by Matt Bors at
12:25 AM
3 Comments:
I say you draw a lion sitting in the senate with a big x on it's face. Quick and to the point.
My friend told me that it's the poor people's fault for being poor. But then again, he also dragged me to Meet The Spartans.In movie terms, his IQ is apparently between Forrest Gump and I Am Sam levels.
Should have put a beard on that bald guy - you would have had Ben Bernanke ! (Actually, Bernanke seems to be a very sober public servant, but still .. )
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