Between 1964 and 1973, under both Democratic and Republican administrations, the U.S. poverty rate fell by nearly half (43 percent) as a strong economy and effective public policy initiatives expanded the middle class.
Similarly, between 1993 and 2000, shared economic growth combined with policy interventions such as an enhanced earned income tax credit and minimum wage increase worked together to cut child poverty from 23 percent to 16 percent.
We can't do this alone.
Joe Biden admitted last night on The Daily Show that the billions of dollars we've spent on big bank bailouts is "socialism for the rich, and capitalism for the poor." No kidding. There's been much consternation related to the bailout of Wall Street. And even though ...