Lifeguard
11-12-2009, 11:37 AM
"Many factors explain the sluggish performance. Globalization, the continuing information technology revolution, and the offshoring of manufacturing and service jobs kept employment in check. But at root, it turned out that the policies enacted by the folks running the system—low interest rates, cutting taxes aggressively, disempowering unions, empowering Wall Street, deregulating the financial system—just didn't work as advertised. Meanwhile, policymakers neglected some important areas that can help support financial stability—such as health insurance. Between 1999 and 2008 (see Table C-1, Page 59 of the census report), the population of the United States rose 9 percent, but the uninsured population of the United States rose 19.5 percent. "
http://www.slate.com/id/2235377/
http://www.slate.com/id/2235377/