You seem to be willfully ignoring the data. More people have jobs. Average real wages are now rising. The number of new unemployment claims dropped from over 700,000 a week in 2009 to roughly 220,000 a week now. The economic improvement is widespread. Only 12.3% are technically in poverty, down from over 17.0% a decade ago. Who do you think is buying all these smart phones, TVs, Netflix subscriptions, new cars, drones, tatoos, body piercings, hair weaves, resort vacations, and fancy beers? Who is receiving all of these Amazon packages and Grub Hub deliveries? Who is taking all these Uber and Lyft rides? It goes way beyond the 1.0%. All the Consumer Confidence surveys show consumers believe the US economy is quite strong. Even for those not doing well, there is a safety net of Medicaid, WIC, Food Stamps, and other government and private charity programs.

Here’s the thing: the economy will hit recessions and depressions as it has in the past. What’s remarkable is the resilience and overall upward trend in the standard of living in the US. No matter your willful refusal to see it, the US mixed economy is still a magnet for millions of people from around the world who want a better life.

Mathematician, Statistician, Businessman, and Academic. Student of history, poli sci , and the Bible.

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