Reducing poverty what have we done . With the help of economic analyst richard gill well investigate that question on this edition of economics u a. Im david schoumacher. There have always been people left out of the American Dream the young, the old the ill, the untrained. And those whove just lost out in a competitive economy which has losers as well as winners. Today we take it for granted that the government has a role to play in reducing poverty and we argue only about how and how much. But before food stamps and Public Housing before government aid to the elderly what happened when the elderly faced the Great Depression . I see 1 3 of a nation illhoused, illclad illnourished. Schoumacher the Great Depression cut too wide and too deep for businessasusual. The depression demanded new answers to poverty. No group suffered more than the elderly. Savings accounts were wiped out, pensions were rare family resources, gone. The needs of the elderly have always carried a special urgency.
The entire east coast is still dealing with all this snow and frigid weather. People have a lot of time on their hands. Theyre making some pretty funny videos because theyre stuck in the house. Check out this lady calling her cat in from outside. Watch this. Come here. Come here. Well played. Well played. Welcome to morning joe. Great to have you here. You know im looking at all the front pages of the papers donny, and there is a story that youre not going to hear a lot about today, but big, big news. Walmart is giving a pay raise to its employees. I know there are a lot of people out there, this is great for people at walmart, the evil corps. Blah, blah blah. No the wall street journal has it right. Its on the front page of every newspaper. What does this mean . It doesnt mean that walmart woke up yesterday morning and said, you know what we feel bad about ourselves. No, what it means is the market is tightening up. Why am i looking at you. I need to talk to sarah because this is your