Wisconsin Governor Scott Walker’s overwhelming recall victory could signal the demise of the middle class nationwide.
As Doug Porter aptly observed in his election post-mortem last week, big money spoke loudly in the big races on June 5th. This is nothing new but what happened in Wisconsin was truly historic. It was a soul-crushing defeat—not unexpected, but a gut punch nonetheless. Labor’s loss in the recall battle against Governor Scott Walker will surely go down as a key sequel to the Professional Air Traffic Controllers Organization (PATCO) strike for unionized public sector workers in America. Indeed, Governor Walker clearly said that he wanted to emulate that model, and he just won a very big battle in the war against collective bargaining in the United States. [Read more…]