Billionaires: "All together the 400 wealthiest Americans are worth a staggering $2.29 trillion, up $270 billion from a year ago" (Forbes, September 29, 2014).
Children: "A higher percentage of children live in poverty now than did during the Great Recession...About 22% of children in the U.S. lived below the poverty line in 2013, compared with 18% in 2008" (USA Today, July 21, 2015).
We also know that the number of homeless children in America has reached record levels, the middle-class has shrunk in every state, and wages have been stagnating or dropping for many years despite increased worker productivity and increased corporate profits.
We've been handing out gargantuan tax breaks to the super-wealthy for the past several decades, under the promise that their miraculous investments would make life better for everyone. Indeed, the Republican Party is so doped up on trickle-down economics that they're trying to protect illegal tax evasion by millionaires & billionaires. Worse still, even as all the evidence shows that trickle-down economics is a colossal failure, tens of millions of voters are eager to cast a ballot for someone like Jeb Bush, who will promote more trickle-down economics and has said that Americans need to work longer hours - even as they're already working longer hours (and getting less vacation time) than just about every other developed country.
The American electorate has displayed an endless capacity to be deceived. I have little doubt that the child poverty rate could climb to 75%, and that the Forbes 400 could add several more trillion dollars to their collective wealth, and millions would still vote for a candidate who said, "We need to cut taxes on the wealthy to spur economic growth."
But as long as millions of Americans ignore history, and keep listening to think tanks and media outlets funded by the super-wealthy, none of these New Deal facts matter much. The electorate will simply buy into the next trickle-down scam...condemning even more children to poverty and homelessness.
Isn't that amazing?