A government-finance pact always prevails

Bronx: To Voicer Ed Temple: The roots of the “stagnant economy that causes the poverty of American young people” actually emanate from the government’s response to the Great Recession of 2008. Under President Barack Obama, the Federal Reserve employed “quantitative easing,” essentially a scheme where the middle and working class bailed out the big banks and wealthy elitists who caused the crisis to the tune of about $4 trillion.

None of them were ever held accountable. It’s the very definition of crony capitalism, the primary driver of the income inequality that plagues the nation. While the Federal Reserve is an independent entity, Obama publicly defended the policy and reappointed Fed Chairman Ben Bernanke to a second term in 2010 so he could continue and expand the program.

Ten million families lost their homes to foreclosure, but Wall Street bankers continued to receive their lucrative bonuses and wealthy investors got richer as the policies boosted the stock market. Now young people can’t afford to buy homes. This gave rise to the Tea Party, Occupy Wall Street and the populist movement that brought President Trump to power. Joe Biden’s disastrous policies only made things worse, creating the conditions that paved the way for Trump’s return. It’s not what Trump’s been feeding pundits like Bill Maher, but what the bankers and wealthy elitists who own both parties have been feeding the rest of us.

Garwood, N.J.: I just discovered I have a new neighbor who moved in during the middle of the night, the fugitive ex-presidential candidate from Brazil, Flavio Bolsonaro. Though, for how long I’m not sure. The........

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