We have electricity again
I can't blame Obama for "eroding the American Dream" --
economic history evidences otherwise.
This has been happening for 30 years; deregulation, and business and economic policies have created this situation.
Consider the move in corporate mindset to quarterly profits vs. long-term growth and from full-time to part-time jobs. Consider the financialization of our economy, and the practice of wealth extraction. Consider the march of unnecessary offshoring and outsourcing.
It's an ethos that has been long-standing, and is deeply unpatriotic imo.
Obama didn't create it, he was in office when the full effects of the last round of destructive policies came to roost on Main St. US after crashing the global economy.
Read history on types of financial/economic crises and this one in particular.
Here's the link to an article on this crisis and recovery again:
Sorry, U.S. Recoveries Really Arenât Different - Bloomberg
I think, as Americans, we should explore the issues and history - including economic history.
A failure to engage in a serious consideration of the causes of this crisis means we will never be able to really figure out what the "fix" is.
We'll just be engaging in the same ridiculous, shallow, politicized go-rounds that allowed us to avoid reality and land in the hole the before.