Can you imagine an America without a strong middle class?
Elizabeth Warren, Chair of the Congressional Oversight Panel created to oversee the banking bailouts is asking "Can you imagine an America without a strong middle class?" She reports, "Today, one in five Americans is unemployed, underemployed or just plain out of work. One in nine families can't make the minimum paymenton their credit cards. One in eight mortgages is indefault or foreclosure. One in eight Americans is on food stamps. More than 120,000 families are filing for bankruptcy every month. The economic crisis has wiped more than $5 trillion from pensions and savings, has left family balance sheets upside down, and threatens to put ten million homeowners out on the street." Warren is right, and it's astounding that nobody is pointing out that this is the direct legacy of nearly 30 years of Reaganomics. Probably part of the reluctance to tell the truth on this - the result of a criminal synthesis of trickle-down economics, international so-called "flat earth free trade" for corporations but no protections for humans and labor, and the trashing of a 200+ year industrial policy, wasn't just brought to us by Reagan and two Bushes - Clinton played a huge part in it, too. So both Democrats and Republicans have worked with the corporatists - have become, for a large part, the corporatists, who have sold the American Middle Class down the river into third-world poverty. We need truth tellers, but you won't find them among corporate-owned politicians or in the now-even-more-monopolistic corporate-owned media.