The flag should be at half mast for the plight of the fading middle class.
In a statement of the obvious, U.S. Treasury Secretary Jacob J. Lew said today at the G7 Finance Ministers and Central Bank Governors meeting in Japan that although “the U.S. economy continues to strengthen, the global recovery remains uneven and risks have become more pronounced since last year.”
Lew claimed , “we need the balanced use of all the policy tools – fiscal policy, monetary policy and structural reforms – to address weak demand, boost employment, and tackle our common long-term challenge of aging populations.
Going back the first Bush Administration and through Obama’s, the U.S. ruling class has failed dismally at managing all three.
There has been no financial reform.
Printing money and giving it to banks post the 2008 crash has enriched Wall Street but not the U.S. working class.
Growth and job creation remain in the doldrums.
And the monetary policy by some of or alleged allies with deliberate devaluations has cost U.S. jobs.
Add in disastrous ‘free trade agreements’ that should really be called ‘Kill American Jobs agreements’ and there is little wonder that the two presumptive Presidential candidates have the highest negative ratings of any race in U.S. history.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
