More recently, the Great Recession offered an opportunity for the Obama administration to build on it. In 2009, government redistribution efforts, including food stamps, tax provisions and other social programs, shifted 5.3 percent of the nation’s income that year to the poorest 40 percent of households. This was the biggest
WASHINGTON — Efforts to quickly restart economic activity risk further dividing Americans into two major groups along socioeconomic lines: one that has the power to control its exposure to the coronavirus outbreak and another that is forced to choose between potential sickness or financial devastation.
It is a pick-your-poison fact