Obamanomics
Bill Collier
The new (Obama) economy is a combination of a shrinking workforce, a higher than ever proportion of part-time to full-time jobs, and lower wages with real wealth shrinking for most Americans for the first time in American history. It is not just that wealth is being transferred from targeted groups not supportive of the Administration to their supporters, although this is happening, but it is also a matter of real shrinking wealth as lower wages, fewer full time jobs, rising health care costs, and the rising cost of regulations are eating into people’s pockets, and their savings.
