What is the difference between 2011 and 2022?
I wanted to find a post/article which could details the differences between 2011 and 2022. I could not find exactly what I wanted. Infidel’s post comes close. I am looking at the years after 2008 when the nation was struggling to get back on an even keel.
What is difference between 2011 and 2022? For one thing, actions not taken in 2011, were taken in 2022 due to the pandemic. The extension of funds to help families with children, increased ACA coverage achieved through the coverage limits at 250% and also beyond 400%, funding for businesses to meet payroll (PPP), increased unemployment payments, etc. in 2020.
I do not recall seeing this in 2011. But then after 2 years, Congress switched sides and Obama was left with Executive Orders.
It has only been a little more than a decade. The citizenry appears to have forgotten the agony those years 2008 and onward. However, many things have been done in the first two years of the Biden administration which were not achieved during Obama’s. Too cautious, less forceful? Certainly, not less intellectual. Did Democrats learn how to lockstep, the same as Republicans. Yes, mostly and except for two. Not sure why Manchin acquiesced. Sinema kept one part and gave up something else. In the end mostly a victory.
Is Medicare negotiating pharma prices a big deal? If you do not know cost, how can you determine a fair price? Pharma keeps finding new uses for old drugs. With that comes new pricing which is legitimatized by the ICER or not. Much of pharma is brought to market through government funding too. Traditional Medicare CMC is favoring commercial Medicare MA plans.
Our country can’t go on like this, Infidel753, 2011
In Wisconsin, for example, it is impossible, I think, to separate the issues of public sector collective bargaining rights … and the broader context of a country polarized into two camps: the very, very rich, and everyone else. This is especially true after the bank bailouts. There is a strong argument that bailing out the banks was the right, if distasteful, thing to do because of the threat their collapse would have had on the entire economy. But watching Wall Street rack up bonuses, carry on as normal, while teachers are being asked to take big benefit cuts … well, it’s understandable why even level-headed Wisconsinites look a little Jacobin these days.”
Andrew Sullivan, The Atlantic, 2011
The problem of inequality in the United States is an elephant in the room which has grown so huge that not even the most oblivious among us can ignore it any more. I haven’t been able to find any independent confirmation of Michael Moore’s statement that the richest 400 Americans now own more wealth than the poorest 50% of the population (155,000,000 people!), but as these charts show, inequality is shockingly high and rapidly increasing.
At the same time, federal tax revenues as a percentage of GDP are at their lowest level since 1950, while corporate tax revenues as a share of GDP are near historic lows — about one-sixth of what they were in the early 1950s. Yet in the teeth of all this, Republicans scream “socialism” and demand endless cuts in everything that benefits ordinary people, to “solve” an artificial budget crisis manufactured by unprecedented tax reductions.
Yes, it is necessary to run deficits at times of high unemployment to stimulate the economy — but Republicans have fought hard against the measures which have the most stimulative effect, such as extending unemployment insurance, while defending those which have the least, such as extending the Bush tax cuts for the highest income levels. The kinds of spending cuts they are now demanding would devastate the job market. It’s not about helping the economy, but about preserving the conditions that cause rising inequality.
The usual response to raising these issues is to caricature them as demands for absolute equality, something which could only be achieved by totalitarianism. Any sensible person accepts that some inequality is a reasonable and inevitable price to pay for the kind of competitive and productive economy that benefits us all. But that does not describe the situation we have now or the direction we’re heading, which are intolerable and ultimately unsustainable.
There are people who will dismiss anything Moore says simply because he’s the one who says it, but there’s a reason why his recent speech in Wisconsin touched a nerve. As we’ve seen in Europe over the last few years, when the political establishment refuses to address a major problem, eventually the people will start gravitating toward those radicals and political outsiders who do address it. Nor was the reaction merely the product of an un-representative audience. Poll after poll, even Rasmussen, has shown Governor Walker’s support collapsing across the state, while Obama’s approval climbs. People all over the country are waking up.
Obama has not done all he could have done to address inequality, and he’s perceived as having done even less — but he’s the best available alternative to the Republicans. For now. If inequality continues to grow, and if Republicans continue to insist there’s nothing wrong with it and to promote policies that exacerbate it, and if Democrats don’t do anything more to deal with it than they already have — well, don’t be surprised when those radicals and political outsiders start achieving serious mass support. If the Republicans wanted to see someone like Moore become President someday, all they’d need to do to bring it about is to carry on as they’re now doing.
Thanks for the reference. One could argue that the main issue in the first half of Obama’s first term was getting Obamacare passed — and while that was unpopular at the time and diverted energy which could have gone into enacting more popular measures, it did eventually prove highly beneficial to middle- and lower-income people. I have my own current health insurance through Obamacare, and wouldn’t be able to afford any decent insurance without it. Millions are in the same position. So that was a solid and lasting win.
The missing puzzle piece, then and now, has been rectifying the absurdly low tax rates on the wealthy to help pay for what the Democrats do manage to get passed. Without doing so, we’re guaranteed endless deficits for Republicans to screech about. The tax increases in the recent Inflation Reduction Act are a solid first step. Don’t forget that Manchin has been more gung-ho about raising taxes on the wealthy than most Democrats are (part of the reason he’s unlikely to switch parties, despite far-left fears). That’s why he was on board with this — the tax increases more than offset increased spending.
If “inequality” is being understood ” as demands for absolute equality,” maybe we need to find another word for it.