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Campaign Question: Is Upward Mobility a Thing of the Past?

Friday, October 21, 2016 0:30
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Campaign Question: Is Upward Mobility a Thing of the Past?

By: Bob Hennelly
Date: 2016-08-18

Janet Yellen, the head of the Federal Reserve, can’t explain the disconnect between middle-class frustration and the national statistics on the economy that show a low jobless rate, a healthy stock market, and a strong dollar.

Similarly, the mainstream media were taken by surprise when populist anger stoked the success of Sen. Bernie Sanders and Donald Trump.

Former Secretary of State Hillary Clinton, campaigning for the presidency, understands there are pockets of bad news in some parts of the country. The economy, she concedes, is “not peachy keen.”

But in hundreds of neighborhoods across the country, particularly in hard-hit states like Florida, Ohio and Pennsylvania, the reality is very far from “peachy.” Indeed, the economic reality in  three counties in those states, often considered accurate predictors of the results of presidential elections, remains bleak.

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