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SCOTUS skeptical that state abortion bans conflict with federal health care law; Iowa advocates for immigrants push back on Texas-style deportation bill; new hearings, same arguments on both sides for ND pipeline project; clean-air activists to hold "die-in" Friday at LA City Hall.

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"Squad" member Summer Lee wins her primary with a pro-peace platform, Biden signs huge foreign aid bills including support for Ukraine and Israel, and the Arizona House repeals an abortion ban as California moves to welcome Arizona doctors.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Who’s “Dismantling” the American Dream?

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Monday, October 28, 2013   

BOSTON - Hedrick Smith won a Pulitzer Prize for his reporting on the Soviet Union and wrote a best-seller called "The Russians." Now it's America that's under the magnifier wielded by Smith, a former New York Times editor and a correspondent on the PBS show "Frontline."

According to Smith, the 22 million Americans who are still out of work, and the nation's dysfunctional political system, are contributing to the "dismantling" of the American Dream.

"I think there is a great frustration at the moment with the functioning of the political system, with campaigns that are dominated by money, with an economy that's increasingly unequal."

Smith's book, "Who Stole the American Dream?", has just been released in paperback. In it he cites, among other things, a transfer of $6 trillion in middle-class wealth from home-owners to banks and says a U.S. policy tilt favoring the rich is stunting the country's economic growth.

Smith said a lot could be accomplished by closing tax loopholes.

"We can do tax reform in corporate taxes and do what a lot of people want to do, lower the rates but stop the giveaways to the big corporations and the banks that are already making enormous profits," he declared.

Smith argues that major policy changes that began in the 1970s led to a "New Economy" that has disrupted America's "engine of shared prosperity."




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