rayiner parent
But the political climate during that time period—starting on the left and now going to the right—has been that the middle class is being hollowed out. Is your argument that the Bush/Obama regime (recall that the Bush administration developed the bank bailout plan that Obama implemented) was basically correct? All the economy required was a little more regulation via Dodd Frank and the CFPB?
The argument that “the middle class is being hollowed out” is (IMO) pure dogma, there’s very little evidence to support it.
Take the median US household by gross income in 2003 & compare it to that same household in 2025. The 2025 household will utterly destroy it across any economic or hedonic metric.
If you control for household demographics and generational immigration history the gap becomes even more dramatic.
George W Bush first term is “the left” now?