If you set out to design a policy that impoverished 80% of the citizenry and channeled a larger share of the national income to the top 10%, then this is precisely the set of policies you would pursue.
It doesn’t matter if it’s on purpose or not. Actually if it is on purpose then at least they are competent. I don’t think that’s the case.
Nothing important has been fixed; nothing important has even been addressed. The institutions of governance are captured and corraled by the monied Elites to the point that the government has lost control of its own institutions, which now rule as quasi-independent fiefdoms. The citizenry, bought off on the cheap by stale Bread (rapacious student loans, food stamps which offer the veneer of normalcy, extended unemployment benefits so no angry mobs form, etc.) and dazed and distracted by the Media Circus, keep quiet in their complicity, while the Power Elites revel in the freedoms offered by a caretaker Administration.
I hope he’s right and the silver lining of the crappy economy is that Obama gets to check in with the unemployment office. Unfortunately the Stupid Party can still lose and even if they win the can continue the same disastrous policies of the last 50 years.