A decades-long decline in the American middle class requires serious, long-lasting measures, former Democratic strategist James Carville told CNBC on Friday.
“This is a long-term problem. Middle-class decline has been going on for 30 years. We tend to think that the world stopped and started with the financial crisis,” he said on “The Kudlow Report.” “To them, as I say in the book, it’s like someone with pneumonia getting hit by a truck. And it’s a long way back for these people.”
Carville, a political author who previously served as an advisor to President Clinton, recently co-authored with Stanley Greenberg an op-ed piece in the Wall Street Journal, titled, “The Middle Class Needs a Lifeline.”