Wednesday, September 06, 2006
money pressures graphically shown
Here's a small addition to my long Labor Day post on things that could go wrong with the economic situation in the US and world. It's from an article in the Washington Post on the current election season: 'Mortgage Moms' May Star in Midterm Vote and it provides evidence for Bernanke's warning about the potential political fallout from income inequality. It's tempting to think the financial crunch being experienced by vast numbers of American voters will result in election of Democrats who will make things better. Unfortunately, if what the most vocal Democrats in Congress are saying is any indication, this will not be so.
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