One of the big questions facing Congress right now is how bold the next recovery package needs to be.
From my conversations, it feels like there’s a simple disconnect here.
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From my conversations, it feels like there’s a simple disconnect here.
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For lots of professionals, the economic recovery has already occurred. Their office may have done some layoffs early on, but folks have largely been rehired and things are chugging along.
You see this in the numbers for North Carolina.
You see this in the numbers for North Carolina.
Our financial and business services sectors have basically completely recovered in terms of job loss.
And that’s great.
And that’s great.
But check out our state’s numbers for manufacturing and hospitality.
For these folks, it’s still a brutal mess.
For these folks, it’s still a brutal mess.
Across our state, we still have hundreds of thousands of families who are in serious financial peril - which also means we have at least that many children who are struggling right along with them.
In 2009, we forgot about that.
We let a rapid recovery among high-earners dampen our determination to help everyone else.
We let a rapid recovery among high-earners dampen our determination to help everyone else.
As a result, it was a long, slow, painful recovery for tens of millions of families.
Our decision to look the other way caused a lot of suffering - and it led to massive political consequences, many of which we are still dealing with today.
Our decision to look the other way caused a lot of suffering - and it led to massive political consequences, many of which we are still dealing with today.
We can’t make the same mistake. We have to get this recovery right.
And for a lot of people that means seeing beyond their immediate spheres and getting a sense of how other people are doing.
And for a lot of people that means seeing beyond their immediate spheres and getting a sense of how other people are doing.
We can always debate the specifics of what a recovery package should emphasize - but that debate should begin with a broad consensus that, as a nation, we have millions of families who are still in a deep hole and looking the other way should not be an option.