Although the race for the White House is still nearly two years away, Presidential hopefuls are grabbing headlines, right now. (Can you remember when a race has been so eagerly anticipated, so far in advance of Election Day?) As this all unfolds--politicos and insiders are whispering that “economic insecurity” is going to be a key issue for Dems in ’08. Sounds good, but… what exactly does that mean?
At the heart of the issue is the problem of income inequality. Although we’re in a bull market, not everyone benefits. Jonathan Alter, Senior Editor at Newsweek, and NBC Analyst, says the issue hits a nerve with voters who are likely to vote Democratic.
“About half the public now owns stocks in one way or another,” he said. “That leaves 50% that are not in this economy in any meaningful way. They’re feeling a lot of economicinsecurity. For example, they have problems with health insurance...40 million people don’t have health insurance. The idea that a rising tide always lifts all boats is something the Democrats are betting against.”
One proposal that Democrats, including former North Carolina Senator John Edwards, support is raising taxes on wealthy individuals. Frank Donatelli, G-O-P Strategist, and Former Political Director under the Reagan Administration says, “The problem with that is, if you do that you threaten to undermine the economy.”