Submitted by: Donald Hank
10 Incredible Charts Highlighting the Problems Facing the Middle Class
10 Incredible Charts Highlighting the Problems Facing the Middle Class
How Wall Street and the media forgot about the middle class – 10 incredible charts highlighting the problems facing the middle class. China labor costs, debt ratios, Euro-zone finances, and balance sheet disequilibrium. The mainstream press and ego driven politicians have completely forgotten about the middle class in this country, pretending as if ignoring the cacophony of discontent would simply make it go away. Both parties are simply doing the bidding of the financial upper-crust and that is why you rarely hear about household income being discussed in any television show. Yet as we are seeing with record low consumer sentiment to accompany a broken balance sheet and empty savings accounts, the public can get a dose of reality by simply examining their own life. Are things really better? What Americans should now fully realize is that the bailout schemes were nothing more than a wicked robbery and transfer of wealth from the majority to a slim connected plutocracy. Those who write and advocate for our laws, the politicians, have made sure a national thievery would go unpunished courtesy of campaign contributions. The system is completely broken and thedisappearing middle class is merely a consequence of this financial plundering. Since the tech crash, the housing crash, or the energy debacles were completely missed by the media do not expect to have any guidance coming from the paid spokesmen of Wall Street. When did Wall Street and the media decide the middle class was irrelevant? |
