Today’s jobs report tells most Americans already what they already know: We’re still mired in joblessness. But Imara Jones argues we should really fear the larger problem: There remains no plan for getting unstuck.
Mitt Romney and President Obama have slugged it out over the Detroit bailout. It’s clear at this point that the bailout revived the auto industry. But thus far, it’s not been enough to heal the most ailing part of Michigan’s economy: black employment.
The wealth gap is now larger than it’s been since the Census Bureau began counting it. The foreclosure crisis is part of the reason, but its more symptom than cause for the building catastrophe in the U.S. economy.