The second meeting of the Middle Class Task Force, dealing with the Recovery Act and the middle class, concluded this afternoon.
Over the past decade, and to degree the last three decades, median family income has become decoupled from productivity in the broad economy. The Recovery Act goes beyond simply providing a generic stimulus to the economy, and instead provides countless avenues by which to correct that underlying disconnect.
The Recovery Act is primarily focused on providing a foundation for the long-term health of the middle class and providing a structure for the middle class to be a full stakeholder in the economy’s success again.