Didn't read all of it
That article is throwing so much against the wall it would take me a month of research to even have an opinion about it. But it seems to be hanging a lot of its thesis on this:
They seem to be suggesting the Obama represents the neoliberal policies that are no longer working. But they rank the decline from the beginning of the Bush administration to make the point.
The actual trend ....
... shows median income growing pretty strongly before the Bush administration, crashing hard throughout the Bush administration, then rebounding under Obama. How is this an example of the failure of neoliberal policies?
The immediate reality here is that Trump’s money monsters are keenly aware that conventional neoliberal American economic and financial policies are no longer working: Under Obama, for instance, the median household income saw its first significant increase since the 2007–8 recession in 2015, rising by 5.2%. In real terms, though, little has changed. Median household income is at $56,516 a year, which when adjusted for inflation, is 2.4% less than what it was at the turn of the millennium.
They seem to be suggesting the Obama represents the neoliberal policies that are no longer working. But they rank the decline from the beginning of the Bush administration to make the point.
The actual trend ....
... shows median income growing pretty strongly before the Bush administration, crashing hard throughout the Bush administration, then rebounding under Obama. How is this an example of the failure of neoliberal policies?
