On the recordMay 14, 2008
free market fundamentalism tells us that all we have to do is get Government out of the way and the miraculous powers of competition and supply and demand will solve all our problems. This is a cardinal principle of the administration now in power. They have had 7 /2 years to test their theory, and the results--for our economy and America's working families--has been a disaster. They have put their theory to work, and it has thrown Americans out of work. The middle class in America is shrinking and suffering. Today, more Americans are falling out of the middle class than are working their way into it. A new poll by the respected Kaiser Family Foundation provides a sobering look at the economic situation and the reality of economics in America today. The Kaiser Foundation asked people about seven economic trends or changes that they considered serious problems. Forty-four percent of Americans said problems paying for gasoline is a serious problem for their family's financial well-being. Twenty-nine percent said problems getting a good-paying job or a raise are serious. Twenty-eight percent of Americans said problems in paying for health care and health insurance were serious and hurting their economic well-being.
Source
govinfo.gov




