Working Class Zero (Timothy Egan, NY Times)

[Aviation Pro]

The first nine years of the new century have yet to find a defining label, something as catchy as Tom Wolfe’s “Me Decade” of the 1970s or the “Silent Generation” of 1950s men in gray flannel suits. Bookmarked by the horror of 9/11 and the history of a black president, the aughts certainly don’t lack for drama.

But last week, lost in the commotion over the brat’s cry of Joe Wilson and the shotgun blast of rage in the Washington protest, something definitive was released just as this decade nears its curtain call.

For average Americans, the last 10 years were a lost decade. At the end of President George W. Bush’s eight years in office, American households had less money and less economic security, and fewer of them were covered by health care than 10 years earlier, the Census Bureau reported in its annual survey.

The poverty rate in 2008 rose to 13.2 percent, the highest in 11 years, while median household income fell to $50,303. Ten years earlier, adjusted for inflation, it was $51,295.

Link here: http://egan.blogs.nytimes.com/2009/09/16/working-class-zero/#comment-55081

[blm]

This belongs on the FRONT PAGE of every site.

.

[Aviation Pro]

3. The comments are great too...

....

[gratuitous]

1. In the 1960s, we had the war on poverty

In the Aughts, we had the war on the poverty-stricken. Guess who won?

[Lorien]

4. Indeed. They scream "class warfare" when you point out that billionaires

only pay 17% in income taxes while someone making the median income pays 26%. The ruling elite have not only won, they have a huge army of foot soldiers among the brainwashed, Fox news watching working poor!

[Romulox]

2. Wow. An article that tapdances around the issue in a center/right newspaper.

Reaganomics is the dominant economic program of President Obama's admin, too. :hi:

[snot]

5. And we now face likelihood of prices inflating while jobs/wages fall/remain stagnant.

It's the oligarchs' dream come true: loot what little savings we've got left via inflation, while high unemployment keeps wages depressed. Everything goes up EXCEPT wages.