Wednesday, December 26, 2007

Compelling, But False Tale of Middle-Class Decline

The American middle class is fighting for its life -- or at least that's what Lou Dobbs would have you believe. The CNN anchor's rants about "the war on the middle class" are probably the most prominent examples of such economic doom-saying, but he isn't alone. Democratic presidential candidates pepper their debates with references to the assault; leading liberal thinkers argue that supply-side conservatives captured the Republican Party during the Reagan administration and implemented policies that continue to privilege the super rich today. They tell a compelling tale of middle-class decline. Pity it isn't true.

Read more of the article "5 Myths About the Poor Middle Class" in the Washington Post

2 Comments:

At 12/07/2008 7:09 AM, Anonymous Anonymous said...

Check out http://www.lcurve.org/
and make up your own mind about the decimated middle class. The U.S. is now equal with Mexico in terms of the income gap.

 
At 2/25/2009 3:29 PM, Anonymous Anonymous said...

The writer is living in an alternate universe. Everything he wrote is a distortion of reality through the conservative free-market lens. Look where that philosphy got us....9% unemployment and rising. Anyone who doesn't believe that the middle class is dissapearing in the U.S. is living in a dream world.

 

Post a Comment

Links to this post:

Create a Link

<< Home