The Economy

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The Dow Jones Index which is a broad indicator of the stock market, and some say the economy, is around 15,000. It was closer to 6,000 when Pres. Obama took office. So, the economy is obviously doing great...for some people. For the vast majority of people wages are not up and the federal government is still operating in deficit. What's going on here?

Nick Hanauer talks about this in a TED talk.

Kevin Drum's blog at Mother Jones magazine discusses it.

Dissent Magazine makes an argument for higher taxes (on somebody) to end the deficits.

It's hard to see Wall Street doing so well and main street not making any progress. Why aren't the minimum wage going up and the government spending more on infrastructure nationally? It's time for the federal government to start discussing legislation to fix the tax system, to raise taxes on the wealthy (closing international loopholes allowing hidden or untaxed accounts) and to spend more.