Last week Barack Obama, destiny's tot, suggested blue-collar Americans are feeling bitter about their financial condition, which has been on a bit of a decline during the last five, ten, fifteen, twenty years or so. Rival politicians immediately pounced and they've been whaling on him ever since.
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Raging Inflation
Nicholas von Hoffman: Our paychecks are disintegrating as we drive them to the bank. Forget hope and change: why aren't the candidates talking about inflation?
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The 2008 Student Loan Blues
Nicholas von Hoffman: Some 200,000 college students won't qualify for loans in September, and millions more will pay higher interest rates. Can they count on Obama to help them out?
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The Bear Stearns Conspiracy
Nicholas von Hoffman: Americans know all the details of the John Edwards affair. But they remain in the dark about a scandal that affects the livelihoods of millions. Who orchestrated the fall of Bear Stearns?
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The Politics of Pandering
Nicholas von Hoffman: Until they come up with real solutions to our current economic crisis, Obama and McCain should stop trying to buy votes with fuel rebates.
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A Devil's Dictionary of Politics
Nicholas von Hoffman: With millions of first time-voters expected to go to the polls in November, never has an insane political system been more in need of explanation. You won't find much help here.
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Obama's Challenge to America's Parents
Nicholas von Hoffman: He has taken black parents to task for failing to inspire their children; it's a message that needs to be addressed to white America as well.
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How Wall Street Wrecked Your Retirement
Nicholas von Hoffman: The architects of America's disfunctional financial system allowed Wall Street gamble with our retirement savings--and now they appear to have lost it.
Maybe. But if millions of them are not bitter and/or angry at this point, there is probably something wrong with them.
In his new book, The Big Squeeze: Tough Times for the American Worker, Steven Greenhouse of the New York Times writes, "Since 1979, hourly earnings for 80 percent of American workers (those in private-sector, non-supervisory jobs) have risen by just 1, after inflation. For male workers, the average hourly wage actually slid by 5 percent since 1979.... the nation's economic pie is growing, but corporations by and large have not given their workers a bigger piece." A 1 percent raise in almost thirty years? Still not bitter?
And who is getting ever larger chunks of pie? The Wall Street Journal has isolated some of the most energetic pie pigs: "the wealthiest 1 percent of Americans earned 21.2 percent of all income in 2005, according to new data from the Internal Revenue Service. That is up sharply from 19 percent in 2004, and surpasses the previous high of 20.8 percent set in 2000, at the peak of the previous bull market in stocks. The bottom 50 percent earned 12.8 percent of all income, down from 13.4 percent in 2004 and a bit less than their 13 percent share in 2000." You can be sure that a substantial portion of the bottom half of the population is living in small towns similar to the ones in which Obama sniffed out a degree of bitterness.
Even the 1 percent increase in hourly wages over the past generation or so is illusory. During the same period, unavoidable expenses--such as medical insurance, child care and transportation--have expanded explosively. Whatever progress that's been made in living a little better has been achieved by working a lot harder and a lot longer.
"In a survey by the Families and Work Institute," Greenhouse writes, "two-thirds of employed parents responded that they didn't have enough time with their kids and just under two-thirds said they didn't have enough time with their spouses. The typical American worker toils 1,804 hours a year, 135 hours more per year than the typical British worker, 240 hours more than the average French worker, and 370 hours (or nine full-time weeks) more than the average German worker. No one in the world's advanced economies works more."
Compared to workers in other countries, where the standard of living is as high or higher than it is in the United States, Americans, with fewer and shorter vacations, are worked like donkeys. Politicians repeatedly insist on telling the voters that America is the richest country in the world, which is a true enough statement but also provides little comfort to the massive population of under-appreciated workers, in small towns and big cities, who don't get their share.
Every election season, candidates pretend to tear up as they assure millions of Americans who are working for less--or not at all--with the phrase the Clintons made famous:"I feel your pain." That empty empathy will get you a bag of groceries in the basement of that church across town.
This year, the politicians are back with their speeches about how they are going to arrange for vocational classes so the voters will be able to compete in the twenty-first century. The first decade of the twenty-first century is already almost over. Time to drop that line, lest the small-town people turn bitter.
Obama is getting drubbed for saying that people, in their bitterness, are looking to God and their guns. If you had to choose who to go to for economic assistance, Hillary or God, who would you be clinging to? As for the guns, American politicians, with their frequently broken promises, are just lucky they aren't picking birdshot out of their derrières.
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