Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member


warmfeet's Journal
warmfeet's Journal
April 24, 2017

Corporations used racism to destroy the middle class and turn the US into a developing nation

[link:http://www.rawstory.com/2017/04/corporations-used-racism-to-destroy-the-middle-class-and-turn-the-us-into-a-developing-nation/|You’ve probably heard the news that the celebrated post-WW II beating heart of America known as the middle class has gone from “burdened,” to “squeezed” to “dying.” But you might have heard less about what exactly is emerging in its place.

In a new book, “The Vanishing Middle Class: Prejudice and Power in a Dual Economy,” Peter Temin, professor emeritus of economics at MIT, draws a portrait of the new reality in a way that is frighteningly, indelibly clear: America is not one country anymore. It is becoming two, each with vastly different resources, expectations and fates.

Two roads diverged

In one of these countries live members of what Temin calls the “FTE sector” (named for finance, technology and electronics, the industries that largely support its growth). These are the 20 percent of Americans who enjoy college educations, have good jobs and sleep soundly knowing that they have not only enough money to meet life’s challenges, but also social networks to bolster their success. They grow up with parents who read books to them, tutors to help with homework and plenty of stimulating things to do and places to go. They travel in planes and drive new cars. The citizens of this country see economic growth all around them and exciting possibilities for the future. They make plans, influence policies and count themselves lucky to be Americans.

The FTE citizens rarely visit the country where the other 80 percent of Americans live: the low-wage sector. Here, the world of possibility is shrinking, often dramatically. People are burdened with debt and anxious about their insecure jobs if they have a job at all. Many of them are getting sicker and dying younger than they used to. They get around by crumbling public transport and cars they have trouble paying for. Family life is uncertain here; people often don’t partner for the long-term even when they have children. If they go to college, they finance it by going heavily into debt. They are not thinking about the future; they are focused on surviving the present. The world in which they reside is very different from the one they were taught to believe in. While members of the first country act, these people are acted upon.

April 23, 2017

Comey thought Clinton would win letter to Congress was hedge against favoritism charges: NYT

Source: RawStory

FBI Director James Comey was trying to defend his agency against potential accusations of favoritism when he went forward with a letter to Congress last November informing members of the House and Senate that the FBI was investigating new evidence regarding Hillary Clinton’s use of a private email server during her time as Secretary of State.

The New York Times reported Saturday evening that Comey — a former prosecutor — was attempting to shield the FBI against accusations that it withheld the information until after the election to assure a Clinton win.

“Mr. Comey’s plan was to tell Congress that the F.B.I. had received new evidence and was reopening its investigation into Hillary Clinton, the presidential front-runner,” wrote the Times’ Matt Apuzzo, Michael S. Schmidt, Adam Goldman and Eric Lichtblau. “The move would violate the policies of an agency that does not reveal its investigations or do anything that may influence an election. But Mr. Comey had declared the case closed, and he believed he was obligated to tell Congress that had changed.”

Believing that Clinton’s win was a near-certainty, Comey believed he was doing the right thing to keep his agency from being accused of partisan politicking. It turned out, in fact, to do the opposite, plunging the FBI into “the molten center of a bitter election,” the Times said.

Read more: http://www.rawstory.com/2017/04/comey-thought-clinton-would-win-letter-to-congress-was-hedge-against-favoritism-charges-nyt/

Profile Information

Name: Ward
Gender: Male
Hometown: St. Paul/ MN
Home country: USA
Current location: St. Paul
Member since: Sat Mar 4, 2017, 06:48 PM
Number of posts: 3,321

About warmfeet

Lefty since birth. It's not going to change.

Journal Entries

Latest Discussions»warmfeet's Journal