by Charles Hugh Smith
Of Two Minds
We are already experiencing the powerlessness of POTUS.
We all know the POTUS (President of the United States) has the power as Commander-in-Chief to engage the nation in senseless, costly, needless wars. We also know the POTUS has a media-saturated bully pulpit to set an agenda and fashion a cultural tone for the nation.
But beyond the power to wage war and dominate the media spotlight, does the President have the power to solve the structural problems that are eroding the nation’s economy and social contract?
This chart summarizes one such problem: wage earners are receiving a diminishing share of the nation’s output (GDP):