Cartoon: What if we talked about white poverty the way we talk about black poverty?

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It’s the Obama boom. Don’t let Trump forget it.

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The U.S. economy is working better for average Americans than it has for quite some time. That healthier economy is chugging along under the policies of only one of the two presidents pictured above, policies that his opponents derided and insulted when they were implemented. The other president, the one who has enacted zero comparably significant economic policies thus far, is Donald Trump.

Under President Obama, our government enacted major changes to our system of health coverage—in large part through increasing taxes on the wealthiest and using those funds to provide or subsidize coverage for those below the median income level—as well as other tax changes that further increased rates on those at the top. The Dodd-Frank law changed the regulatory structure for the financial industry, and put in place a new watchdog for financial industry consumers. Additionally, there was the 2009 stimulus package, which played a large role

Continue reading “It’s the Obama boom. Don’t let Trump forget it.”

New study shows how racial wealth divide is ‘hollowing out America’s middle class’

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The Institute for Policy Studies and Prosperity Now (formerly the Corporation for Enterprise Development) published a new 25-page study this week that has grim news on the economic racial divide.

The team of four authors scrutinized what it means to be middle class by examining the wealth gap rather than income from now through 2024 as well as for 2043. That is when it’s predicted the majority of the U.S. population will be non-white.

One key finding: we’re on a path that will put the median wealth of black families at zero by 2053 and for Latino families by 2073. In short, the authors “find that without a serious change in course, the country is heading towards a racial and economic apartheid state.”

To make that change of course, they recommend “policy interventions” to reverse trends now in place, some of them for decades. While the IPS has

Continue reading “New study shows how racial wealth divide is ‘hollowing out America’s middle class’”

New study shows how racial wealth divide is ‘hollowing out America’s middle class’

Screen_Shot_2017-09-13_at_9.45.41_AM.png

The Institute for Policy Studies and Prosperity Now (formerly the Corporation for Enterprise Development) published a new 25-page study this week that has grim news on the economic racial divide.

The team of four authors scrutinized what it means to be middle class by examining the wealth gap rather than income from now through 2024 as well as for 2043. That is when it’s predicted the majority of the U.S. population will be non-white.

One key finding: we’re on a path that will put the median wealth of black families at zero by 2053 and for Latino families by 2073. In short, the authors “find that without a serious change in course, the country is heading towards a racial and economic apartheid state.”

To make that change of course, they recommend “policy interventions” to reverse trends now in place, some of them for decades. While the IPS has

Continue reading “New study shows how racial wealth divide is ‘hollowing out America’s middle class’”

Cartoon: Immigration fixation

Follow Jen on Twitter at @JenSorensen

North Korea offers ‘gift’ of more nuclear tests, as South Korea ponders survival without U.S. help

With Donald Trump engineering an unnecessary crisis for hundreds of thousands of young Americans, Texas and Louisiana still bailing out from record floods, and nature pointing a second act at millions more as Category 5 Hurricane Irma moves across the Atlantic, it would be nice if there was something of a break on the foreign policy front. But of course, Trump chose to both pardon ex-Arizona sheriff Joe Arpaio and end DACA in the midst of a foreign policy crisis—one that brings with it the most serious threat of a nuclear conflict in decades. 

Over the weekend, North Korea tested its latest nuclear device. The size and exact nature of the device remains in question, but the explosion was undoubtedly larger than previous tests by North Korea and represent a significant advance. North Korea claims that the blast was generated by a hydrogen bomb sized to fit

Continue reading “North Korea offers ‘gift’ of more nuclear tests, as South Korea ponders survival without U.S. help”

Reactions to North Korean explosion bring tension ever higher

On Sunday, North Korea exploded their largest nuclear device so far, a device which the North Korean government described as a hydrogen bomb capable of being mounted on a missile. If that’s true, it represents a very significant advance in North Korea’s nuclear weapon program. Even if it’s not true, even if the image of a supposed weapon was a mock-up and the source of the explosion was a much larger device, the size of the explosion itself indicated a sobering increase over previous such tests.

Experts estimated that the blast was four to sixteen times more powerful than any the North had set off before, with far more destructive power than the bombs dropped on the Japanese cities of Hiroshima and Nagasaki during World War II.

Reactions from Trump have included taking shots at South Korea over Twitter, and making astonishing threats about trade policy.

 After Kim Jong Un’s

Continue reading “Reactions to North Korean explosion bring tension ever higher”