Will the GOP listen to one of their own? Liberals have been saying this for 10+ years now, but had obviously been cast aside by the GOP and conservatives as not important, divisive, and just plain old class warfare. The subject is simply wages, American workers’ share of total national income and the decline of the American workers’ former exceptional standard of living.
The gentleman in question is an author of the many conservative books, including In January 2003, The Right Man: The Surprise Presidency of George W. Bush, an End to Evil was co-written with Richard Perle. It defended the 2003 invasion of Iraq, and advocated regime change in Iran and Syria, and finally in 2008 he published Comeback: Conservatism That Can Win Again, a work which garnered “lavish praise from his friends.” Former Congressman David M. McIntosh called “required reading for all GOP candidates.”
The author is by no means liberal. His name is David Frum and he simply asks TWO questions to the Republicans Presidential candidates. Is this a problem? If yes, what can be done about it? The two questions were regarding new statistics from the St. Louis Federal Reserve and the Bureau Of Labor and Statistics.
What the new statistics indicate is that over the last TEN YEARS, specifically right after the 2001 recession, non-farm wages have been on a steep decline. The wages of working class Americans continued to decline even from 2003-2007, which was during economic growth and plummeted again with the current enduring Republican recession.
The American workers’ share of overall national income has crashed since 2001. That means as the economy grew and the Bush tax cuts were implemented, prosperity DID NOT trickle down. All the growth in the economy was sucked up by the top percentage of income earners.
Now, let that sink in. Trillions of dollars were added to the economy, yet American workers saw a DECLINE in share of prosperity.
The current Republican candidates offer absolutely NOTHING to rectify this situation. They will do NOTHING to increase American worker’s standard of living. Their only answer is tax cuts. As we have seen the Bush tax cuts didn’t help the American worker and they won’t help again.
The GOP economic solutions have FAILED the middle class and American exceptionalism, but it was successful in bolstering the wealthiest Americans.