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“President Trump is running for re-election on the strength of the economy, and why not? The unemployment rate is lower than it’s been in five decades. The stock market is booming. Overall economic growth has been steady.
There’s just one problem: Voters are not particularly enthused about it. Recent polls suggest a substantial majority of Americans feel the economy is working only for “those in power.”
A big reason for this disconnect is that many Americans feel insecure. They may be doing well at the moment, but they fear that, however high they are on the economic ladder, a single bad step or bad event could cause them to slip. A booming economy hasn’t quieted these concerns, because insecurity remains a huge and growing problem in ways that voters and candidates instinctively get but the sunny job numbers largely hide.
Insecurity is the broad challenge that all 2020 presidential candidates must address — and it helps explain why Democrats are tripping over one another to present bold plans for universal health care, public retirement supplements, guaranteed jobs and a much higher minimum wage.”
JJ Editor's Picks
"When Mark Twain observed that rumors of his death had been “greatly exaggerated,” he left out the fact that those words would become true eventually, as they did in 1910 when the great American author died. Similarly, given the huge resources..."
"No one is going to confuse President Trump’s remarks Tuesday at the Economic Club of New York with anything approaching eloquence. He is at his worst when he stiffly reads the teleprompter or flies widely off script with gratuitous remarks about..."
"Everything we think we know about the shape of the universe could be wrong. Instead of being flat like a bedsheet, our universe may be curved, like a massive, inflated balloon, according to a new study. That’s the upshot of a new paper published..."
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"Sen. Elizabeth Warren is campaigning for a 2% surtax on anyone’s net worth over $50 million and 6% on more than $1 billion. Most discussion of the wealth tax has focused on whether it could generate sufficient revenue to fund Ms. Warren’s..."
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"Hebrew remained, to Oz, Zionism’s greatest achievement. Certainly, it was the one he was least ambivalent about. “I have said many times that I’m a chauvinist only in respect of the language,” he told the Paris Review. “I feel for the language..."
"Talk about missed connections. Earlier this week, hundreds of people received seemingly random text messages, out of context and out of the blue, addressed from friends, family, and loved ones. The first part of the mystery was solved pretty..."