Who Will Get the Dreary Economy Going? WSJ

Do you want to know why there is inequality? The answer is not the pay of a few score CEOs, it’s right here. Writing in the Wall Street Journal 8-21-15 Mortimer Zuckerman says in part the following and much more of importance. You should read the full editorial if you can access it.

It is the na­ture of re­cessions that the big­ger they are, the big­ger the comeback, yet the pe­riod since the Great Re­ces­sion ended in 2009 has seen the weak­est U.S. re­cov­ery since World War II. The lit­tle improve­ment we have seen hasn’t ben­e­fited a sig­nif­i­cant per­cent­age of Amer­i­cans. It is also the na­ture of re­ces­sions that they oc­cur about every eight years; Amer­ica is ill-pre­pared to weather the one on the hori­zon.

Yet there is lit­tle ur­gency from the White House these days re­gard­ing the econ­omy. And what is the fo­cus of the cur­rent pres­iden­tial candidates and the me­dia cov­er­ing them? Email servers, the fan­tasy of over­turn­ing the Af­fordable Care Act, im­mi­gra­tion and crim­i­nal­ity, CEO pay and other mat­ters with only the barest re­la­tion to what mat­ters most: economic growth and the jobs that come with it...

Amer­i­ca’s over­all fis­cal health is sim­i­larly alarming. We have stagger­ing bud­get deficits and fu­ture oblig­a­tions to re­tirees that will re­sult in a steady, un­sus­tain­able increase in fed­eral debt. Social Se­cu­rity pay­ments will soon out­pace pay­roll tax rev­enues, and the fund is ex­pected to bot­tom out in less than 20 years. A day of reckon­ing is coming for Amer­i­ca’s polit­i­cal lead­ers who have shamefully ne­glected en­ti­tlement re­form, more concerned about protect­ing their po­lit­i­cal fu­tures than safe­guard­ing the nation for fu­ture gen­er­ations.

Once again American voters should take the blame as they sop up the nonsense rhetoric from left and right and ignore the real issues facing everyone in this Country.

Anyone who votes for a candidate who promises:

1. To repeal Obamacare
2. Build a wall with Mexico
3. Cut Medicare
4. Expand Social Security
5. Make college “free”
6. Tax only the rich
7. Cut CEO pay

deserves the know-nothing candidate they get who panders to them for votes and nothing more.