Middle Class Decline

[clarence swinney]

MIDDLE CLASS DECLINE
Middle Class is overwhelming number of inhabitants.
It is Engine that drives the Economy.
The wealth derives from their labor.
They need a large disposable income to purchase goods to build things.
Today we have, since 1980, had the shrinking of the middle class wallet.
Purchasing power has been dormant.
Debt has been means for keeping head above bankruptcy.
Since 1980 extreme wealth \has been created in our economy.
Most went to top 10%.
Middle Class has been burdened by rising housing prices, rising cost of education,
loss of pensions, rising health care cost., falling wages and loss of our manufacturing jobs.

From 2001 to end of 2009 we lost 42,400 factories and 32% of our manufacturing jobs.
One Asian computer manufacturer employs 800,000 workers. Shades of good old GM.
Apple iPods come from Foxconn which pays $130 per month to labor.
Slave Labor. Like in America till strength of unions.
Unions successfully attained Minimum Wage, Pensions, Health Care, Safe working conditions.
Fair pay, Reasonable work periods, and many other worker benefits.
Today, the word Union is used by management and investors as a negative word.
It is used to imply high costs.
Yes! Amigo, Labor Unions were instrumental in, from 1945 to 1980, building the Great America Middle Class so adored around the world and which gained equality almost evenly in each percentile in Income and Wealth.

America will struggle to keep wealth if the Middle Class does not have disposable income to purchase services for production of goods is being shipped offshore for/by Wall Street Rich.

When 120,000,000 Workers have 7% of Total Financial Wealth and 1,300,000 have 43% we are in a Third World Distribution of Wealth.
When a national party pushes hard to keep Tax Breaks for richest 2% or 2..6M
that own almost 50% of financial wealth America has broken loose from it's moorings that held it together As a United States working for the common good not the good of a few lucky duckies

The people shall waken. Sometime. Soon?

A vote for a Republican in Washington is a vote to destroy what is left of the Middle Class.

Rich own our Media and Joseph Goebbels us each day via their TV.

God Bless America. Please Sir.
Olduglymeanhonest mad mad mad

[Denninmi]

1. All so true.

What I don't understand is why people in this country just take it.

France has taken to the streets to protest the injustices their far-right government is trying to impose upon them.

Americans sit around and watch reality TV.

I just don't get it.