Back in the summer of 2011, a friend urged me to read Winner-Take-All Politics. His note read, "This is the most efficient account of what's wrong with Washington that I've read in a long time. It comes down very, very hard on Republicans but also calls Democrats to account for the degree to
which they, too, are owned by Wall Street." I agree-- this is one of the most important books of the new century-- and I was thrilled to learn that Jacob Hacker was involved a new endeavor that resulted in Prosperity Economics.
Hacker and Loewentheil write, "When individuals and families have basic security and therefore feel confident investing in themselves and their families, markets have more input, more players, more resources, and more dynamism." Yes, Prosperity Economics is about jobs, growth and innovation, but it's more than that. It gives shape to the truth that's been gnawing at us since Reagan: just staying afloat is a daily struggle now. Hard work and responsibility might get you and a spouse or partner to where you can have a decent place to live and can start saving for a child's college education, but you're one layoff away or one health crisis away from losing it all. Meanwhile big bank executives gamble away billions with schemes that put the whole economy at risk-- and their rewards are golden parachutes.
For a generation, we've been making the case that trickle-down doesn't work. With mounting evidence on our side, voters have come to agree. Prosperity Economics is our chance to play offense! It's a robust, bold and-- maybe most importantly-- optimistic plan for building an economy to ensure that America's best days are ahead. But this powerful document can't be allowed to gather dust on an academic shelf. We need voices for change in Congress. I will be a full-throated advocate for Prosperity Economics in the House.