In the past two decades, the U.S. has gone through one of the most critical periods in its history. While it was once the world’s only superpower and the leader of the global economy, the country has been deteriorating because of policies that favor the wealthy, corporations, the defense contractors, and certain special interest groups, rather than the interests of the American people. As a result, wealth has been sucked up to the top of the food chain and inequality has increased to the point where it puts the nation at risk of social and political instability.
After the 9/11 attacks, the Bush Administration indulged in futile wars that significantly contributed to our unprecedented federal debt and a lagging economy. In addition, deregulation of the banking system and corporate greed led to the 2008 economic crisis, but the government did not hold anyone responsible for it. The economic crisis severely hurt low income and middle-class Americans, while some of the wealthiest have even benefited.
The Obama Administration inherited a collapsing economy, but it did not hesitate to bail out those who caused the crisis and is even considering austerity measures in the 2013 fiscal budget, further punishing Americans who are struggling to make ends meet. Indeed, the political powers in the U.S. seem to be working against the common good of the American people.