COMMENTS: 91
The Great Challenge of Our Time: Re-Creating America's Great Middle Class
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The challenge of our time is to re-create America as a middle-class nation.
The idea does not find voice in the cacophony of the 24-hour news cycle. It has no place in the media's daily digest of gossip, false controversy and ideological cant. It is barely mentioned in the halls of power, where the very officials who capitalize on the economic angst of working people to win election forget that this raw anguish -- not the sophisticated arguments of lobbyists and campaign donors -- is supposed to motivate them every day.
It is easy to blame the financial crisis, Wall Street's breathtaking bonuses or the culture of excess that glittered until we found ourselves on the precipice of a second Great Depression. In truth, we've been dismantling the economic foundation of the middle class for more than three decades.
How many of you, having previously held a presumptively secure job with a solid company, are now working as a "contractor" or "consultant"? The trend toward taking employees off the payroll only to hire them again as contractors -- without health benefits, pensions, sick days, vacations -- began in the 1970s with janitors, construction workers and truckers. Now highly skilled technology workers who helped transform the global economy are among the downsized, the outsourced, the contracted-out.
When IBM was an icon of American enterprise, I could not imagine that I would one day follow veteran IBM workers through the halls of Congress as they buttonholed lawmakers. They'd been stripped of their promised pensions and told to make due with a less generous "cash balance" plan that effectively reduced benefits for the most experienced and loyal workers.
Nor could I anticipate that after a fatal airline accident we would learn -- as we did after the crash of a Continental Connection flight near Buffalo last February -- that overworked pilots on regional carriers earn $20,000 a year or less.
No one could have foretold that eight years after 9/11, hundreds of thousands of rescue workers and residents of Lower Manhattan would suffer serious, chronic -- and often deadly -- diseases from their exposure to the hazards at Ground Zero. Many are unable to work and have lost their health insurance. Others have fought for workers' compensation in a system that offers none to independent contractors -- or to those whose labor was subcontracted to so many companies that no one firm is held responsible. Some are now impoverished.
"While you're waiting for your workers' comp, and you're waiting for your Social Security disability, you have no money," says John Feal of Long Island, an injured 9/11 construction worker who started a foundation to help others. "You don't even have gas to get to the doctor."
They were heroes, we said. But now they are just cogs in a new economy in which business seems to have unilaterally rewritten the rules of the workplace.
Example: Hundreds of companies stopped making contributions to employee 401(k) retirement plans in the wake of the financial crisis. There is no way to force a resumption of funding when the economy rebounds. The government has abetted all this with decades of hands-off regulation. Example: At current staffing and budget levels, it would take the Occupational Safety and Health Administration 133 years to inspect each workplace under its jurisdiction one time, according to a recent study by the National Employment Law Project.
Soon the political discussion will shift from the need to keep propping up the economy to the need to reduce the deficit and debt. Then we are certain to hear that Social Security and other "entitlements" are the problem and must be curtailed. In fact, Social Security has sufficient funds to pay full benefits through 2037 -- a cushion no other government program can claim. Medicare, while under financial strain, has done better at containing costs per beneficiary than private health insurers, according to government studies.
The myths that led us to this pass did not materialize by chance. They were conjured up by conservatives intent on dismantling the New Deal society that reigned through the 1960s -- a society that produced the world's most robust middle class. They are fed by lawmakers in both parties who depend on campaign contributions from powerful interests.
Fight the myths. Break the back of the corrupt campaign finance and lobbying systems. These are hard political tasks. But being pushed further down is harder, still. Because no one knows where the new bottom lies.
This is my final column. Thanks to my loyal readers and dedicated regional editors who have kept a place in their papers and in their minds for the kind of journalism I have worked to provide.
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Posted by: stellabloo on Oct 14, 2009 3:18 PM
Current rating: 5 [1 = poor; 5 = excellent]
For example, universal healthcare is not a real problem. Many countries enjoy excellent socialized medicine, but in Amerika the concept has been spun as a welfare handout to the lower class – as if only the middle-class deserved affordable healthcare!
The history of propaganda and how healthcare reform was defeated in the 90’s
Although the article doesn’t talk so much about Bernays as his famous protégé Goebbels, Bernays is the man responsible for “engineering” the amerikan middle-class and he was employed by the US administration until his retirement in the 60’s. Quote: “If we understand the mechanism and motives of the group mind, it is now possible to control and regiment the masses according to our will without them knowing it.”
Another classic quote: “Propaganda is the executive arm of the invisible government.”
Again, this is a man who worked for the US government from 1916 to the JFK years.
In that time we saw a great transition from a class that could afford servants and the other class which WERE servants, to a swelling middle-class with an insatiable appetite for automobiles and refrigerators, radios and tv – and all the other apple-pie staples of amerikan life. But corporations (being disembodied hypothetical legal beings) care about the Bottom Line and not about ordinary human beings. Hence the idiotic situation in which the world’s richest country has found itself. The answer is simple: Quit Feeding the Beast.
15 million children die of starvation every year. So many people - yet a good humanitarian organization can feed, provide basic medical care, family planning and educational opportunities and support local agriculture and industry for $1 a day. Which is what most of the world is living on.
That works out to $5.5 billion a year to eliminate death from poverty. People in Haiti are eating mud cakes. It seems like such a desperate situation – until you realize that $40 billion are spent in the US EVERY YEAR on diets and diet products – but that doesn’t even approach the $630 billion quietly approved for the defense department in the wake of the much-publicized $750 billion bailout.
And bailout? What we really need is a Closing Sale of the Great Corporate Establishment of the 20th century – EVERYTHING MUST GO.
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» RE: eally, “bourgeoisie” used to be considered a BAD thing
Posted by: CarlaWaters
» RE: upper middle class - I'm still gagging on the C-word
Posted by: stellabloo
» RE: upper middle class - I'm still gagging on the C-word
Posted by: CarlaWaters
» RE: upper middle class - I'm still gagging
Posted by: stellabloo
» RE: eally, “bourgeoisie” used to be considered a BAD thing
Posted by: lilygirl65
» RE: increasingly inefficient education system - BINGO
Posted by: stellabloo
» RE: increasingly inefficient education system - BINGO
Posted by: lilygirl65
» Great Analysis
Posted by: CLARENCE SWINNEY
» $45 million devoted to investigating the Clinton-Lewinsky scandel
Posted by: stellabloo
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Posted by: mmckinl on Oct 14, 2009 7:48 PM
Current rating: 5 [1 = poor; 5 = excellent]
Firing the Air Traffic Controllers was a direct message to all Employers with union employees ... get rid of them.
Under Reagan we went from the biggest creditor nation in the world to the biggest debtor nation in the world.
Despite huge deficits Reagan ruthlessly cut taxes while splurging on dead end military spending.
Continued neoliberal foreign policies begun by Kissinger and funded Central American blood baths in Nicaragua, El Salvador and Honduras ...
Appointed Alan Greenspan to Chair the Fed where Reaganomics would be used to gut our productive economy to create financial bubble after financial bubble. Of course the tax payer would always pick up the tab and the poorest would see their meager benefits slashed.
Since Reaganomics the wealthy have doubled their worth as a percentage of the economy while we have more poor people, more people without healthcare, more people in bankruptcy, more people in prison and more unemployed than at any time in the last 60 years.
For a last column this really sucks ... Cocco dared not to name the "perp" that began our nightmare, the man that sold out our country to enrich the already wealthy ... Ronald Wilson Reagan ...
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» RE: Cocco Dare Not speak His name ... Reagan ...
Posted by: JSquercia
» RE: Cocco Dare Not speak His name ... Reagan ...
Posted by: websurfer
» Dude, You Bought In to the Rhetoric
Posted by: popeurbanxxiii
» RE: Cocco Dare Not speak His name ... Reagan ...
Posted by: bh
» RE: Cocco Dare Not speak His name ... Reagan ...
Posted by: popeurbanxxiii
» REAGAN:THE FIRST (I of II)
Posted by: CLARENCE SWINNEY
» REAGAN part II of II
Posted by: CLARENCE SWINNEY
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Posted by: kepstein7777 on Oct 15, 2009 2:45 AM
Current rating: 5 [1 = poor; 5 = excellent]
In our case, I'm not optimistic. The average middle class American--or former one--doesn't seem to have a clue what his interests are or how the system works, despite all that's happened over the past few years. They bitch about the economy, health care, CEO pay, corporate greed/corruption, job insecurity and so on, but they don't seem to make the connection between those things and the political environment that has facilitated the causes of their suffering. And election polls, notably in New Jersey--a so-called northern liberal state--reflect that.
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» Kapstein
Posted by: CLARENCE SWINNEY
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Posted by: morgan1 on Oct 15, 2009 3:58 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: morgan1
Posted by: VZEQICVA
» Warren Buffet
Posted by: arieden
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Posted by: fred_53_99 on Oct 15, 2009 5:29 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: You guys got it twisted
Posted by: Lilly
» RE: You guys got it twisted
Posted by: VZEQICVA
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Posted by: melpol on Oct 15, 2009 6:00 AM
Current rating: 1 [1 = poor; 5 = excellent]
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» RE: Only The Gifted
Posted by: subprobate
» RE: Only The Gifted
Posted by: aussidawg
» Imprisoned Illegals
Posted by: melpol
» RE: Imprisoned Illegals
Posted by: Walby
» RE: Only The Gifted
Posted by: tony_opmoc
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Posted by: smf1403 on Oct 15, 2009 6:35 AM
Current rating: 4 [1 = poor; 5 = excellent]
I find her truthtelling in stating that "BOTH PARTIES" are responsible for the decline of the middle-class refreshing.
Ms. Cocco offers numerous good examples of the painful result of the crooked campaign system.
Public campaign financing, of course, would change our direction.
The big question is how do WE, on the outside, get THEM, on the inside, benefiting from the lobbyists and donors gifts of power, etc. to CHANGE THE SYSTEM?
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Posted by: JohnTruth2001 on Oct 15, 2009 6:52 AM
Current rating: 4 [1 = poor; 5 = excellent]
Sheeple, please wake-up!
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Posted by: Lilly on Oct 15, 2009 6:56 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: Biting The Hand That Feeds
Posted by: VZEQICVA
» RE: Biting The Hand That Feeds
Posted by: bh
» RE: Biting The Hand That Feeds
Posted by: jkford
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Posted by: lilygirl65 on Oct 15, 2009 6:56 AM
Current rating: 5 [1 = poor; 5 = excellent]
People who don't have millions to protect yet support conservative dogma are simply enabling big money and special interests (i.e. corporations and the richest 1% of Americans) to rob them of benefits they're due as citizens--excellent free health care, good college education available to all, safe work environments, non-poisoned food, and employment security. But these things take tax money, and that's something the people with the most don't want to share.
Conservatives seek to keep money out of the public resource pool and in private accounts by arguing the evils of taxes. The truth is that taxes are what run the country and provide people what they need to survive. Everyone pays what they can to benefit all. People with little or no money who rail against taxes may want to discover what the framers of the Constitution had in mind. Personally, I don't think it was corporatocracy.
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Posted by: cylonics on Oct 15, 2009 7:02 AM
Current rating: 5 [1 = poor; 5 = excellent]
Our collective apathy, fueled in part by rampant consumerism and the fetishization of ignorance, is what allows entrenched powers to game the political and economic systems to their advantage.
Although entrenched interests have a substantial power advanatage through mechanisms of enforcement (polic state, psychological manipulation/deception (sophisticated psychology-based marketing and PR); and monetary resources, lots of the blame fall upon us.
It is the duty of the citizenry to be knowlegeable and engaged on the issues. Understandably, it is difficult to be properly appraised of the political situation due to poor reporting in the mainstream media. For example one need only look at CNN "journalists" like Blitzer et. al who attempt to turn everything into a false left-right dichotomy. Instead of discussing the ramifications of issues such as health care and the economy, they spend hours pontificating about how political parties try to spin circumstances into an advantage. Give me a break! This is fluffy reporting on inconsequential ephemera. Perhaps if they focused on the core issues (facts and statistics rather than opinion polls) the people would be more enraged. This however assumes that we, the people, have the capacity to understand the issues.
Unfortunately many of us do not have such capacity due to a poor educational system that white washes important historical happenings and the paucity of civics education. Most US citizens don't even know who their elected officials are.
In this collective ignorance that has persisted largely for the past 30 years, bastions of established power seized the opportunity to have greater influence on the government. Some might call this regulatory capture.
Mrs. Coco is absolutely right in that publicaly funded elections would force our elected officials to focus more upon the issues that really effect their constituents rather than chase after corporate largesse to fund their campaigns.
In a democratic-republic, we only get the type of government that we deserve. The middle class has been sleeping at the wheel for far too long. In this state of powerless stupified apathy, the middle classes have blindly accepted indignity upon indignity (from lowering real wages, more onerous credit terms, to outright predation from established powers). Sometimes it takes substantial pain to rouse someone from a deep slumber. Lets just hope that through the fog of awakening, focus isn't lost so that real change can be pushed through. It is essential to get rid of this system of incumbency that plagues our legislative halls.
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» RE: the challenges of waking up
Posted by: djnoll
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Posted by: souffrantfleur on Oct 15, 2009 7:02 AM
Current rating: 3 [1 = poor; 5 = excellent]
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» RE: Blame the American consumer
Posted by: lilygirl65
» RE: Blame the American consumer
Posted by: souffrantfleur
» RE: Blame the American consumer
Posted by: MT512
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Posted by: Lilly on Oct 15, 2009 7:13 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» And you may wish to add to that list...
Posted by: zigy
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Posted by: zooeyhall on Oct 15, 2009 7:19 AM
Current rating: 4 [1 = poor; 5 = excellent]
Progressive could steal alot of the thunder from the Right and gain a huge amount of middle-class support if they took a strong stand against illegal immigration. Stop treating it as a RACIAL issue! It needs to be considered an ECONOMIC issue! Stop calling people racist if they want immigration laws enforced!
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» RE: Then stop supporting illegal immigration
Posted by: aussidawg
» RE: Then stop supporting illegal immigration
Posted by: MT512
» RE: instrumental in the economic decline of the middle class - SAY WHAT?
Posted by: stellabloo
» RE: my racist comment at the end
Posted by: stellabloo
» Then stop supporting illegal employment
Posted by: hurricane hugo
» RE: Then stop supporting illegal immigration
Posted by: humor_impaired
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Posted by: peacelf on Oct 15, 2009 7:27 AM
Current rating: 5 [1 = poor; 5 = excellent]
After WWII vets took advantage of college and expanded the educated middle class, it was good paying manufacturing jobs that continued the expansion.
Now, as everyone knows, free trade agreements with China and Mexico outsourced those great paying working class jobs that were stepping stones for families to enter the educated middle class. Factory workers could afford to send their kids to college or into the trades.
What few factory jobs that remain pay slave wages and few or no benefits.
Unions provided the ladder to middle classdom, but free trade agreements and a steady attack from the right wing reduced unions to sycophant beggars.
In my own community, the Jeep plant received the single largest welfare grant of $280 million in tax abatements, thanks to a weakened UAW and a city desperately afraid of becoming another Flint, MI. Union leaders gave in too quickly, possibly because they're too comfortable in their suburban homes, the same homes that they purchased thanks to their union fore-fathers and mothers.
The UAW had no bargaining power or leverage. Jeep threatened to move to another city. The abatement deal was made by a pro-business Democratic mayor and a rubber stamp city council. Everyone was afraid of losing Jeep.
The local school district lost millions in property tax funding, and Jeep reneged on its promise to keep 4800 jobs. Public education suffered, reducing the quality of education, creating more low wage workers in need of nonexistent manufacturing jobs to survive.
Ending free trade and empowering unions are just a small step toward expanding the middle class. The only real change will come when corporations are stripped of their "personhood"-the same rights as human citizens. Until then, we'll always be beholden to the corporate master.
Peace in Afghanistan!
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» RE: End free trade - End prison labor!
Posted by: stellabloo
» RE: nd free trade - End prison labor!
Posted by: dingham
» That Is So Incredible - I Didn't Believe It
Posted by: tony_opmoc
» RE: nd free trade and expand unions
Posted by: VZEQICVA
» RE: nd free trade and expand unions
Posted by: bh
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Posted by: CLARENCE SWINNEY on Oct 15, 2009 8:08 AM
Current rating: 5 [1 = poor; 5 = excellent]
Rape of Middle class from 1980 to 2009
SOLUTIONS--
A. Remove Social Security Cap--Why should very rich pay 1/1000th and Middle Class pay 6.2%
B. Increase Dividend Tax from 15 to 28%. Capital vs Labor. Be Fair.
Coal Miner pays 28% and man sitting on butt pays 15% Labor is as important as capital.
Try doing without either.
C. Estate Tax Increase.
D. Increase Corp profit Tax.
E. Public Finance Elections.--Candidate cannot use any money except that given by the public.
F. Wall Street—Revert back to selling stock to raise funds for corporations to create jobs. Eliminate the operations which are mere Gambling in a Rich Man’s Casino. Want to gamble go to Las Vegas.
Those suggestions will return us to Democratic Philosophy of PAY YOUR WAY.
Go away from Republican philosophy of-- Spend and Borrow Let Kids Pay Tomorrow.
1945 to 1981--Each percentile increased in Wealth and Income almost evenly in percentage.
Reagan big tax cuts of 60% (70 to 28) for Richest, 40% to Big Corporations -Dividend Rate for Wall Street.
Tax Increases of biggest in history the Social Security Tax Increase--A Tax on elderly on 50% of Social Security Income--Five cent tax on Gas.
Bush Big Tax cuts for Very Rich.
RESULTS
from 1980 to 2007
Top 1% got 35.4% of Total Wealth Increase
Top 1% got 44.1% of Total Income Growth
In 2007 a not so pretty picture
NET WORTH
top 20% owned 85% of Total Wealth and bottom 80% owned 15%
Of nonhome wealth top 20% owned 93% and 80% owned 7%
top 20% got 60% of Total Income and 80% got 40%
It is a disaster for the future of the huge Middle Class. A small few own the majority.
Will we ever get a Congress and President willing to do what is FAIR.
Redistribute the Income and Wealth.
I fear for our future.
clarence swinney
political historian
Lifeaholics of America
author-Lifeaholic--workaholic to lifeaholic success
author unpublished-All American Party-How Democrats created a Great Middle Class
and Conservatives are determined to destroy it.
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» RE: MIDDLE CLASS
Posted by: bh
» Clarence Swinney is right...
Posted by: yellow
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Posted by: VZEQICVA on Oct 15, 2009 8:14 AM
Current rating: 5 [1 = poor; 5 = excellent]
P.S. Ms. Cocco is a fine writer, I'll miss her. ANNA
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» Very true, everyone is "bowling alone"...
Posted by: zigy
» RE: Very true, everyone is "bowling alone"...How sad
Posted by: VZEQICVA
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Posted by: bh on Oct 15, 2009 9:29 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
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Posted by: Prinzowhales on Oct 15, 2009 9:34 AM
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ON a different note, support the New York nurses who are fighting the vaccination quacks and the human filth who are making these mercury injections mandatory.
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Posted by: billwald on Oct 15, 2009 9:44 AM
Current rating: 5 [1 = poor; 5 = excellent]
LETS LOOK AT SOME INCOME STATISTICS.
Rounding off to 10% accuracy to make the division easier . . .
In 2007 the GDP was $14,000,000,000,000 (14 trillion). The population was about 300 million. At 3 people/family, that's 100,000,000 families. That's about a mean value (average) of $140,000/family. But the reported median family income is under $50,000/year. Why the big difference? Because the income distribution is not a bell curve.
If the top 1% gets around half the income, then the 99%, 100K families is actually splitting half the GNP and the average family income is $70.000, closer to reality.
The average income for the top 1% is then $7 trillion/ 1,000,000 families or $7,000,000/year. (Or did I mess up the math?)
MY POINT? $50K/year is far from the MIDDLE number between $18K/year ($8/hour) and $7 million/year. THERE IS NO MIDDLE CLASS!
There is only poor and working poor. "Middle class" is an invention to kill the unions (I'm middle class - I'm to smart to need a union) and to keep us serfs fighting among ourselves.
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» I'm middle class and I'm too smart to need a union...
Posted by: zigy
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Posted by: willymack on Oct 15, 2009 10:00 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
The stratification of society is a recipe for disaster as the ruins of past "civilizations" mutely attest to.
We concentrate most of our people into sterile, polluted, grossly overpopulated, cesspools called "cities" and have the absurd notion that they're somehow BEAUTIFUL.
Does anyone seriously expect a good result to what we're about now?
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Posted by: bh on Oct 15, 2009 10:19 AM
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Posted by: MT512 on Oct 15, 2009 10:46 AM
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Reducing carbon emissions to ZERO by 2020, or surviving the consequences if we don't, that is the great challenge.
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Posted by: drfun on Oct 15, 2009 11:37 AM
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The creation of a "Middle Class" is what spawned the carbon problem in the first place. Even if you don't buy into the "Global Warming" theory, there is resource depletion and overpopulation problem to consider when living on a finite resource laden planet.
The BRIC nations are all striving to create similar "Middle Class" citizens themselves, where are all the raw materials going to come from to satisfy their demand?
With limited current technology to roam the galaxy to satiate the hunger of earths inhabitants, this is not a plausible means to deliver needed supplies back to a waiting consumer.
I just relieved that I didn't buy into the "American Dream", realizing the second word said it all, or vain to spawn prodigy in this ever growing mentally challenged world. My ride is on the downward slide of the bell curve now and blessed to have made the choices I have, to enjoy a simple, fairly clutter-free life.
How I piety those "Loved Ones" who have to inherit what remains.
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» You are correct, sir (or madam, I can't tell)
Posted by: njguy73
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Posted by: tony_opmoc on Oct 15, 2009 11:47 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
But the real point that was stressed, was that there was no social divide...
Meanwhile the media tried to potray the UK as a completely aweful class ridden society, where boundaries were strictly drawn and the working class new its place.
What a complete load of nonsense.
Two World Wars - that were much more Personal For The UK, than The US (Having NAZI Bombs landing in your own Back Yard makes a big Difference) smashed the UK Class system to smithereens.
In most social and even work situations, its almost impossible to tell the difference between the very richest and the very poorest. Class doesn't come into it.
Even in The City of London - In The Investment Banks - it ain't yer typical posh Eton educated snob running the show and making the Millions - It's Yer East End Barrow Boy's Son, who's moved out to Essex and mixes with the Flash gits who play for The London Football Clubs. Its the "Posh" Kids - who serve them their bleedin drinks.
Tony
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» Tony, for a moment I thought I had rendered you speechless
Posted by: stellabloo
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Posted by: zigy on Oct 15, 2009 2:04 PM
Current rating: 5 [1 = poor; 5 = excellent]
Middle classes only come into being when the "elites" for one reason or another, decide it is in their interest to cease immiserating the masses and allow the great majority to have "a stake" in society.
It was FDR who began to enact federal policy that would allow a broad middle-class to come in to being in this country and, as many readers rightly opine, it was Reagan and his ideological cohorts and minions who began the process of dismantaling that once prolific middle-class.
What I lament every day, and have done so for years now, is how so few Americans see what is being done right before their very eyes. The good jobs have, for the most part been outsourced, wages have for decades been falling measured against inflation, many have become dept peons to try to retain their sense of middle-class comfort and yet they (at least many) do not see how the middle-class creating institutions have been dismantled all around them by a treasonous, traitorous congress and a corporate centered cullture of "friendly" fascism.
When will Americans turn off "American Idol" (or whatever visual soporific they are idulging in tonight) and get "... mad as hell, and I'm not going to take it any more..."
Thomas Jefferson rightly said "...the price of freedom is eternal vigilence." Complacent Americans take the existance of the middle-class for granted. As a result of that complacency, they will soon lose it....
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Posted by: zigy on Oct 15, 2009 2:20 PM
Current rating: 4 [1 = poor; 5 = excellent]
America, rest in peace.
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Posted by: zigy on Oct 15, 2009 2:50 PM
Current rating: 5 [1 = poor; 5 = excellent]
This so-called "financial crises" is not the result of happenstance or a series of blunders or shortsightedness.
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» RE: If Alternet editors and readers will grant me this small indulgence...
Posted by: VZEQICVA
» Amen...
Posted by: zigy
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Posted by: dayahka on Oct 15, 2009 7:32 PM
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What we need right now is a monarchy, with the King (or Queen) unbeholden to any group who makes decisions based on the welfare of the people, and for the rich to assume their responsibilities to care for and protect their serfs. Lord Gates, Lord Limbaugh, Lord Blomberg, Lord Trump, Lord Oprah, and all the rest should take care of their serfs. No more BS about democracy, no more special interests, no more corporate fascism.
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Posted by: weathered on Oct 16, 2009 4:08 AM
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Posted by: troubleinmind254 on Oct 16, 2009 7:21 AM
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Oh yeah!! A poor man like me just cant wait for that 50's epoch to come back.
Let me know when you done daydreaming at the checkout line at Whole Foods and talk to me abut raising the consciousness of the poor and the immigrant community.
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Posted by: fredtowson on Oct 16, 2009 10:21 AM
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With limited current technology to roam the galaxy to satiate the hunger of earths inhabitants, this is not a plausible means to deliver needed supplies back to a waiting consumer.
I just relieved that I didn't buy into the "American Dream", realizing the second word said it all, or vain to spawn prodigy in this ever growing mentally challenged world. My ride is on the downward slide of the dollhouse s02e04 subtitles постеры к сериалам постеры private practice s03e03 hdtv.xvid-2hd english subtitles seropol5 bell curve now and blessed to have made the choices I have, to enjoy a simple, fairly clutter-free life.
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Posted by: maxsmart on Oct 17, 2009 11:37 AM
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Meanwhile the Giant Corporations have money to spare paying lobbyists, bonuses, campaign contributions for a world that might stop running given a blow here or there to the infrastructure. The bottom getting ready to fall out from under them. Societies of ultra rich and vast ultra-poor are worse than bubbles they are a potential catastrophic collapse.
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Posted by: CLARENCE SWINNEY on Oct 20, 2009 6:19 AM
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do it under your name I do not care just inform the people
Rape of Middle class from 1980 to 2009
SOLUTIONS--
A. Remove Social Security Cap--Why should very rich pay 1/1000th and Middle Class pay 6.2%
B. Increase Dividend Tax from 15 to 28%. Capital vs Labor. Be Fair.
Coal Miner pays 28% and man sitting on butt pays 15% Labor is as important as capital.
Try doing without either.
C. Estate Tax Increase.
D. Increase Corp profit Tax.
E. Public Finance Elections.--Candidate cannot use any money except that given by the public.
F. Wall Street—Revert back to selling stock to raise funds for corporations to create jobs.
Eliminate the operations which are mere Gambling in a Rich Man’s Casino. Want to gamble go to Las Vegas.
G. Rebuild a strong Union base to get Labor a Fair share of profits.
Those suggestions will return us to a Democratic Philosophy of PAY YOUR WAY.
Go away from Republican philosophy of-- Spend and Borrow Let Kids Pay Tomorrow.
1945 to 1981--Each percentile increased in Wealth and Income almost evenly in percentage.
This was known as the GREAT MIDDLE CLASS era.
Then Came:
Reagan big tax cuts of 60% (70 to 28) for Richest, 40% to Big Corporations -Dividend Rate for Wall Street.
Tax Increases of biggest in history the Social Security Tax Increase--A Tax on elderly on 50% of Social Security Income--Five cent tax on Gas.
Bush Big Tax cuts for Very Rich.
RESULTS
from 1980 to 2007
Top 1% got 35.4% of Total Wealth Increase
Top 1% got 44.1% of Total Income Growth
In 2007 a not so pretty picture
NET WORTH
Top 20% owned 85% of Total Wealth and bottom 80% owned 15%
Of non-home wealth top 20% owned 93% and 80% owned 7%
Top 20% got 60% of Total Income and 80% got 40%
The Financial sector had never earned more than 16% of our Domestic profits.
From 2000, it averaged 41% of all profits earned by businesses in the nation.
This growth was all Wall Street not local banks.
Two-thirds of all Income growth from 2002-22007 flowed to top 1%.
Consequently, the Median Income for ordinary workers actually dopped by $2,197 per year since 2000.
In 2007 the top 50 Hedge Casino Managers averaged $588 Million each in annual compenstion and paid at 15% Tax Rate while their secretaries paid at a 28% Tax Rate.
It is now clear that the increasing dominance of the Financial Sector-including the Big Insurance companies-and its deregulation-has becpme a mortal danger to our economic security.
It is a disaster for the future of the huge Middle Class.
A small few own the majority.
Will we ever get a Congress and President willing to do what is FAIR.
Redistribute the Income and Wealth.
I fear for our future.
clarence swinney
political historian
Lifeaholics of America
author-Lifeaholic--workaholic to lifeaholic success
author unpublished-All American Party-How Democrats created a Great Middle Class
and Conservatives are determined to destroy it.
GOD BLESS AMERICA
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Posted by: CLARENCE SWINNEY on Oct 31, 2009 7:00 AM
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Newt said in 1994:"If we take Congress we will investigate every decision made by this administration".
The NYT+WP joined the Smearathon.
$72,000,000 was on Monica/Paula.
13 Hearings on a well known non-story called Whitewater. All about smear.
Borrowed $200,000--bought 210 acres-cut roads-sold lots
McDougal had made mucho doing it for decades. Enough to buy two banks in 1980s.
Gene Lyons book "Fools For Scandal-How the Press invented Whitewater" tells the true story
Lyons-Conason book "The Hunting of The President" is much truth.
James Retter book-"Anatomy of a Scandal" dispels Paula lie and Gennifer record as a blackmailing whore.
Times Mag had truth on Paula but it was never used on TV or in NYT or WP.
Here is truth--Paula said she went to his room at 2:30. I also heard her tell Larry King it was 3:00.
Immaterial. As Time reported Clinton was in the State House in the afternoon per the state trooper records.He spoke at the Breakfast not Luncheon Meeting.He had meetingss with foreign businessmen
Paid her to stop her Appeal.
If she won an appeal the insurance coverage was stopped. They agree to settlement since Insurance firm paid it.
They felt Appeal would go against them
Members of Appeals Court Were die hard Conservatives.
$110,000,000 and got what?
Reagan had 138 charged with crimes.
Some went to prison. Many fined large sums.
Clinton had one---one---convicted of a felony committed while working for President Clinton.
Evil man took $12,000 worth of trips to events paid for by college pals as had been doing since college days.
No quid pro quo per OIC Donald Smaltzsmear.
cswinney2@triad.rr.com
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Posted by: stellabloo on Oct 14, 2009 3:18 PM
Current rating: 5 [1 = poor; 5 = excellent]
For example, universal healthcare is not a real problem. Many countries enjoy excellent socialized medicine, but in Amerika the concept has been spun as a welfare handout to the lower class – as if only the middle-class deserved affordable healthcare!
The history of propaganda and how healthcare reform was defeated in the 90’s
Although the article doesn’t talk so much about Bernays as his famous protégé Goebbels, Bernays is the man responsible for “engineering” the amerikan middle-class and he was employed by the US administration until his retirement in the 60’s. Quote: “If we understand the mechanism and motives of the group mind, it is now possible to control and regiment the masses according to our will without them knowing it.”
Another classic quote: “Propaganda is the executive arm of the invisible government.”
Again, this is a man who worked for the US government from 1916 to the JFK years.
In that time we saw a great transition from a class that could afford servants and the other class which WERE servants, to a swelling middle-class with an insatiable appetite for automobiles and refrigerators, radios and tv – and all the other apple-pie staples of amerikan life. But corporations (being disembodied hypothetical legal beings) care about the Bottom Line and not about ordinary human beings. Hence the idiotic situation in which the world’s richest country has found itself. The answer is simple: Quit Feeding the Beast.
15 million children die of starvation every year. So many people - yet a good humanitarian organization can feed, provide basic medical care, family planning and educational opportunities and support local agriculture and industry for $1 a day. Which is what most of the world is living on.
That works out to $5.5 billion a year to eliminate death from poverty. People in Haiti are eating mud cakes. It seems like such a desperate situation – until you realize that $40 billion are spent in the US EVERY YEAR on diets and diet products – but that doesn’t even approach the $630 billion quietly approved for the defense department in the wake of the much-publicized $750 billion bailout.
And bailout? What we really need is a Closing Sale of the Great Corporate Establishment of the 20th century – EVERYTHING MUST GO.
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» RE: eally, “bourgeoisie” used to be considered a BAD thing
Posted by: CarlaWaters
» RE: upper middle class - I'm still gagging on the C-word
Posted by: stellabloo
» RE: upper middle class - I'm still gagging on the C-word
Posted by: CarlaWaters
» RE: upper middle class - I'm still gagging
Posted by: stellabloo
» RE: eally, “bourgeoisie” used to be considered a BAD thing
Posted by: lilygirl65
» RE: increasingly inefficient education system - BINGO
Posted by: stellabloo
» RE: increasingly inefficient education system - BINGO
Posted by: lilygirl65
» Great Analysis
Posted by: CLARENCE SWINNEY
» $45 million devoted to investigating the Clinton-Lewinsky scandel
Posted by: stellabloo
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Posted by: mmckinl on Oct 14, 2009 7:48 PM
Current rating: 5 [1 = poor; 5 = excellent]
Firing the Air Traffic Controllers was a direct message to all Employers with union employees ... get rid of them.
Under Reagan we went from the biggest creditor nation in the world to the biggest debtor nation in the world.
Despite huge deficits Reagan ruthlessly cut taxes while splurging on dead end military spending.
Continued neoliberal foreign policies begun by Kissinger and funded Central American blood baths in Nicaragua, El Salvador and Honduras ...
Appointed Alan Greenspan to Chair the Fed where Reaganomics would be used to gut our productive economy to create financial bubble after financial bubble. Of course the tax payer would always pick up the tab and the poorest would see their meager benefits slashed.
Since Reaganomics the wealthy have doubled their worth as a percentage of the economy while we have more poor people, more people without healthcare, more people in bankruptcy, more people in prison and more unemployed than at any time in the last 60 years.
For a last column this really sucks ... Cocco dared not to name the "perp" that began our nightmare, the man that sold out our country to enrich the already wealthy ... Ronald Wilson Reagan ...
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» RE: Cocco Dare Not speak His name ... Reagan ...
Posted by: JSquercia
» RE: Cocco Dare Not speak His name ... Reagan ...
Posted by: websurfer
» Dude, You Bought In to the Rhetoric
Posted by: popeurbanxxiii
» RE: Cocco Dare Not speak His name ... Reagan ...
Posted by: bh
» RE: Cocco Dare Not speak His name ... Reagan ...
Posted by: popeurbanxxiii
» REAGAN:THE FIRST (I of II)
Posted by: CLARENCE SWINNEY
» REAGAN part II of II
Posted by: CLARENCE SWINNEY
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Posted by: kepstein7777 on Oct 15, 2009 2:45 AM
Current rating: 5 [1 = poor; 5 = excellent]
In our case, I'm not optimistic. The average middle class American--or former one--doesn't seem to have a clue what his interests are or how the system works, despite all that's happened over the past few years. They bitch about the economy, health care, CEO pay, corporate greed/corruption, job insecurity and so on, but they don't seem to make the connection between those things and the political environment that has facilitated the causes of their suffering. And election polls, notably in New Jersey--a so-called northern liberal state--reflect that.
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» Kapstein
Posted by: CLARENCE SWINNEY
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Posted by: morgan1 on Oct 15, 2009 3:58 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: morgan1
Posted by: VZEQICVA
» Warren Buffet
Posted by: arieden
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Posted by: fred_53_99 on Oct 15, 2009 5:29 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: You guys got it twisted
Posted by: Lilly
» RE: You guys got it twisted
Posted by: VZEQICVA
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Posted by: melpol on Oct 15, 2009 6:00 AM
Current rating: 1 [1 = poor; 5 = excellent]
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» RE: Only The Gifted
Posted by: subprobate
» RE: Only The Gifted
Posted by: aussidawg
» Imprisoned Illegals
Posted by: melpol
» RE: Imprisoned Illegals
Posted by: Walby
» RE: Only The Gifted
Posted by: tony_opmoc
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Posted by: smf1403 on Oct 15, 2009 6:35 AM
Current rating: 4 [1 = poor; 5 = excellent]
I find her truthtelling in stating that "BOTH PARTIES" are responsible for the decline of the middle-class refreshing.
Ms. Cocco offers numerous good examples of the painful result of the crooked campaign system.
Public campaign financing, of course, would change our direction.
The big question is how do WE, on the outside, get THEM, on the inside, benefiting from the lobbyists and donors gifts of power, etc. to CHANGE THE SYSTEM?
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Posted by: JohnTruth2001 on Oct 15, 2009 6:52 AM
Current rating: 4 [1 = poor; 5 = excellent]
Sheeple, please wake-up!
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Posted by: Lilly on Oct 15, 2009 6:56 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: Biting The Hand That Feeds
Posted by: VZEQICVA
» RE: Biting The Hand That Feeds
Posted by: bh
» RE: Biting The Hand That Feeds
Posted by: jkford
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Posted by: lilygirl65 on Oct 15, 2009 6:56 AM
Current rating: 5 [1 = poor; 5 = excellent]
People who don't have millions to protect yet support conservative dogma are simply enabling big money and special interests (i.e. corporations and the richest 1% of Americans) to rob them of benefits they're due as citizens--excellent free health care, good college education available to all, safe work environments, non-poisoned food, and employment security. But these things take tax money, and that's something the people with the most don't want to share.
Conservatives seek to keep money out of the public resource pool and in private accounts by arguing the evils of taxes. The truth is that taxes are what run the country and provide people what they need to survive. Everyone pays what they can to benefit all. People with little or no money who rail against taxes may want to discover what the framers of the Constitution had in mind. Personally, I don't think it was corporatocracy.
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Posted by: cylonics on Oct 15, 2009 7:02 AM
Current rating: 5 [1 = poor; 5 = excellent]
Our collective apathy, fueled in part by rampant consumerism and the fetishization of ignorance, is what allows entrenched powers to game the political and economic systems to their advantage.
Although entrenched interests have a substantial power advanatage through mechanisms of enforcement (polic state, psychological manipulation/deception (sophisticated psychology-based marketing and PR); and monetary resources, lots of the blame fall upon us.
It is the duty of the citizenry to be knowlegeable and engaged on the issues. Understandably, it is difficult to be properly appraised of the political situation due to poor reporting in the mainstream media. For example one need only look at CNN "journalists" like Blitzer et. al who attempt to turn everything into a false left-right dichotomy. Instead of discussing the ramifications of issues such as health care and the economy, they spend hours pontificating about how political parties try to spin circumstances into an advantage. Give me a break! This is fluffy reporting on inconsequential ephemera. Perhaps if they focused on the core issues (facts and statistics rather than opinion polls) the people would be more enraged. This however assumes that we, the people, have the capacity to understand the issues.
Unfortunately many of us do not have such capacity due to a poor educational system that white washes important historical happenings and the paucity of civics education. Most US citizens don't even know who their elected officials are.
In this collective ignorance that has persisted largely for the past 30 years, bastions of established power seized the opportunity to have greater influence on the government. Some might call this regulatory capture.
Mrs. Coco is absolutely right in that publicaly funded elections would force our elected officials to focus more upon the issues that really effect their constituents rather than chase after corporate largesse to fund their campaigns.
In a democratic-republic, we only get the type of government that we deserve. The middle class has been sleeping at the wheel for far too long. In this state of powerless stupified apathy, the middle classes have blindly accepted indignity upon indignity (from lowering real wages, more onerous credit terms, to outright predation from established powers). Sometimes it takes substantial pain to rouse someone from a deep slumber. Lets just hope that through the fog of awakening, focus isn't lost so that real change can be pushed through. It is essential to get rid of this system of incumbency that plagues our legislative halls.
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» RE: the challenges of waking up
Posted by: djnoll
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Posted by: souffrantfleur on Oct 15, 2009 7:02 AM
Current rating: 3 [1 = poor; 5 = excellent]
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» RE: Blame the American consumer
Posted by: lilygirl65
» RE: Blame the American consumer
Posted by: souffrantfleur
» RE: Blame the American consumer
Posted by: MT512
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Posted by: Lilly on Oct 15, 2009 7:13 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» And you may wish to add to that list...
Posted by: zigy
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Posted by: zooeyhall on Oct 15, 2009 7:19 AM
Current rating: 4 [1 = poor; 5 = excellent]
Progressive could steal alot of the thunder from the Right and gain a huge amount of middle-class support if they took a strong stand against illegal immigration. Stop treating it as a RACIAL issue! It needs to be considered an ECONOMIC issue! Stop calling people racist if they want immigration laws enforced!
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» RE: Then stop supporting illegal immigration
Posted by: aussidawg
» RE: Then stop supporting illegal immigration
Posted by: MT512
» RE: instrumental in the economic decline of the middle class - SAY WHAT?
Posted by: stellabloo
» RE: my racist comment at the end
Posted by: stellabloo
» Then stop supporting illegal employment
Posted by: hurricane hugo
» RE: Then stop supporting illegal immigration
Posted by: humor_impaired
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Posted by: peacelf on Oct 15, 2009 7:27 AM
Current rating: 5 [1 = poor; 5 = excellent]
After WWII vets took advantage of college and expanded the educated middle class, it was good paying manufacturing jobs that continued the expansion.
Now, as everyone knows, free trade agreements with China and Mexico outsourced those great paying working class jobs that were stepping stones for families to enter the educated middle class. Factory workers could afford to send their kids to college or into the trades.
What few factory jobs that remain pay slave wages and few or no benefits.
Unions provided the ladder to middle classdom, but free trade agreements and a steady attack from the right wing reduced unions to sycophant beggars.
In my own community, the Jeep plant received the single largest welfare grant of $280 million in tax abatements, thanks to a weakened UAW and a city desperately afraid of becoming another Flint, MI. Union leaders gave in too quickly, possibly because they're too comfortable in their suburban homes, the same homes that they purchased thanks to their union fore-fathers and mothers.
The UAW had no bargaining power or leverage. Jeep threatened to move to another city. The abatement deal was made by a pro-business Democratic mayor and a rubber stamp city council. Everyone was afraid of losing Jeep.
The local school district lost millions in property tax funding, and Jeep reneged on its promise to keep 4800 jobs. Public education suffered, reducing the quality of education, creating more low wage workers in need of nonexistent manufacturing jobs to survive.
Ending free trade and empowering unions are just a small step toward expanding the middle class. The only real change will come when corporations are stripped of their "personhood"-the same rights as human citizens. Until then, we'll always be beholden to the corporate master.
Peace in Afghanistan!
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» RE: End free trade - End prison labor!
Posted by: stellabloo
» RE: nd free trade - End prison labor!
Posted by: dingham
» That Is So Incredible - I Didn't Believe It
Posted by: tony_opmoc
» RE: nd free trade and expand unions
Posted by: VZEQICVA
» RE: nd free trade and expand unions
Posted by: bh
Comments are closed-
Posted by: CLARENCE SWINNEY on Oct 15, 2009 8:08 AM
Current rating: 5 [1 = poor; 5 = excellent]
Rape of Middle class from 1980 to 2009
SOLUTIONS--
A. Remove Social Security Cap--Why should very rich pay 1/1000th and Middle Class pay 6.2%
B. Increase Dividend Tax from 15 to 28%. Capital vs Labor. Be Fair.
Coal Miner pays 28% and man sitting on butt pays 15% Labor is as important as capital.
Try doing without either.
C. Estate Tax Increase.
D. Increase Corp profit Tax.
E. Public Finance Elections.--Candidate cannot use any money except that given by the public.
F. Wall Street—Revert back to selling stock to raise funds for corporations to create jobs. Eliminate the operations which are mere Gambling in a Rich Man’s Casino. Want to gamble go to Las Vegas.
Those suggestions will return us to Democratic Philosophy of PAY YOUR WAY.
Go away from Republican philosophy of-- Spend and Borrow Let Kids Pay Tomorrow.
1945 to 1981--Each percentile increased in Wealth and Income almost evenly in percentage.
Reagan big tax cuts of 60% (70 to 28) for Richest, 40% to Big Corporations -Dividend Rate for Wall Street.
Tax Increases of biggest in history the Social Security Tax Increase--A Tax on elderly on 50% of Social Security Income--Five cent tax on Gas.
Bush Big Tax cuts for Very Rich.
RESULTS
from 1980 to 2007
Top 1% got 35.4% of Total Wealth Increase
Top 1% got 44.1% of Total Income Growth
In 2007 a not so pretty picture
NET WORTH
top 20% owned 85% of Total Wealth and bottom 80% owned 15%
Of nonhome wealth top 20% owned 93% and 80% owned 7%
top 20% got 60% of Total Income and 80% got 40%
It is a disaster for the future of the huge Middle Class. A small few own the majority.
Will we ever get a Congress and President willing to do what is FAIR.
Redistribute the Income and Wealth.
I fear for our future.
clarence swinney
political historian
Lifeaholics of America
author-Lifeaholic--workaholic to lifeaholic success
author unpublished-All American Party-How Democrats created a Great Middle Class
and Conservatives are determined to destroy it.
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» RE: MIDDLE CLASS
Posted by: bh
» Clarence Swinney is right...
Posted by: yellow
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Posted by: VZEQICVA on Oct 15, 2009 8:14 AM
Current rating: 5 [1 = poor; 5 = excellent]
P.S. Ms. Cocco is a fine writer, I'll miss her. ANNA
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» Very true, everyone is "bowling alone"...
Posted by: zigy
» RE: Very true, everyone is "bowling alone"...How sad
Posted by: VZEQICVA
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Posted by: bh on Oct 15, 2009 9:29 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
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Posted by: Prinzowhales on Oct 15, 2009 9:34 AM
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ON a different note, support the New York nurses who are fighting the vaccination quacks and the human filth who are making these mercury injections mandatory.
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Posted by: billwald on Oct 15, 2009 9:44 AM
Current rating: 5 [1 = poor; 5 = excellent]
LETS LOOK AT SOME INCOME STATISTICS.
Rounding off to 10% accuracy to make the division easier . . .
In 2007 the GDP was $14,000,000,000,000 (14 trillion). The population was about 300 million. At 3 people/family, that's 100,000,000 families. That's about a mean value (average) of $140,000/family. But the reported median family income is under $50,000/year. Why the big difference? Because the income distribution is not a bell curve.
If the top 1% gets around half the income, then the 99%, 100K families is actually splitting half the GNP and the average family income is $70.000, closer to reality.
The average income for the top 1% is then $7 trillion/ 1,000,000 families or $7,000,000/year. (Or did I mess up the math?)
MY POINT? $50K/year is far from the MIDDLE number between $18K/year ($8/hour) and $7 million/year. THERE IS NO MIDDLE CLASS!
There is only poor and working poor. "Middle class" is an invention to kill the unions (I'm middle class - I'm to smart to need a union) and to keep us serfs fighting among ourselves.
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» I'm middle class and I'm too smart to need a union...
Posted by: zigy
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Posted by: willymack on Oct 15, 2009 10:00 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
The stratification of society is a recipe for disaster as the ruins of past "civilizations" mutely attest to.
We concentrate most of our people into sterile, polluted, grossly overpopulated, cesspools called "cities" and have the absurd notion that they're somehow BEAUTIFUL.
Does anyone seriously expect a good result to what we're about now?
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Posted by: bh on Oct 15, 2009 10:19 AM
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Posted by: MT512 on Oct 15, 2009 10:46 AM
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Reducing carbon emissions to ZERO by 2020, or surviving the consequences if we don't, that is the great challenge.
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Posted by: drfun on Oct 15, 2009 11:37 AM
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The creation of a "Middle Class" is what spawned the carbon problem in the first place. Even if you don't buy into the "Global Warming" theory, there is resource depletion and overpopulation problem to consider when living on a finite resource laden planet.
The BRIC nations are all striving to create similar "Middle Class" citizens themselves, where are all the raw materials going to come from to satisfy their demand?
With limited current technology to roam the galaxy to satiate the hunger of earths inhabitants, this is not a plausible means to deliver needed supplies back to a waiting consumer.
I just relieved that I didn't buy into the "American Dream", realizing the second word said it all, or vain to spawn prodigy in this ever growing mentally challenged world. My ride is on the downward slide of the bell curve now and blessed to have made the choices I have, to enjoy a simple, fairly clutter-free life.
How I piety those "Loved Ones" who have to inherit what remains.
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» You are correct, sir (or madam, I can't tell)
Posted by: njguy73
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Posted by: tony_opmoc on Oct 15, 2009 11:47 AM
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But the real point that was stressed, was that there was no social divide...
Meanwhile the media tried to potray the UK as a completely aweful class ridden society, where boundaries were strictly drawn and the working class new its place.
What a complete load of nonsense.
Two World Wars - that were much more Personal For The UK, than The US (Having NAZI Bombs landing in your own Back Yard makes a big Difference) smashed the UK Class system to smithereens.
In most social and even work situations, its almost impossible to tell the difference between the very richest and the very poorest. Class doesn't come into it.
Even in The City of London - In The Investment Banks - it ain't yer typical posh Eton educated snob running the show and making the Millions - It's Yer East End Barrow Boy's Son, who's moved out to Essex and mixes with the Flash gits who play for The London Football Clubs. Its the "Posh" Kids - who serve them their bleedin drinks.
Tony
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» Tony, for a moment I thought I had rendered you speechless
Posted by: stellabloo
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Posted by: zigy on Oct 15, 2009 2:04 PM
Current rating: 5 [1 = poor; 5 = excellent]
Middle classes only come into being when the "elites" for one reason or another, decide it is in their interest to cease immiserating the masses and allow the great majority to have "a stake" in society.
It was FDR who began to enact federal policy that would allow a broad middle-class to come in to being in this country and, as many readers rightly opine, it was Reagan and his ideological cohorts and minions who began the process of dismantaling that once prolific middle-class.
What I lament every day, and have done so for years now, is how so few Americans see what is being done right before their very eyes. The good jobs have, for the most part been outsourced, wages have for decades been falling measured against inflation, many have become dept peons to try to retain their sense of middle-class comfort and yet they (at least many) do not see how the middle-class creating institutions have been dismantled all around them by a treasonous, traitorous congress and a corporate centered cullture of "friendly" fascism.
When will Americans turn off "American Idol" (or whatever visual soporific they are idulging in tonight) and get "... mad as hell, and I'm not going to take it any more..."
Thomas Jefferson rightly said "...the price of freedom is eternal vigilence." Complacent Americans take the existance of the middle-class for granted. As a result of that complacency, they will soon lose it....
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Posted by: zigy on Oct 15, 2009 2:20 PM
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America, rest in peace.
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Posted by: zigy on Oct 15, 2009 2:50 PM
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This so-called "financial crises" is not the result of happenstance or a series of blunders or shortsightedness.
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» RE: If Alternet editors and readers will grant me this small indulgence...
Posted by: VZEQICVA
» Amen...
Posted by: zigy
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Posted by: dayahka on Oct 15, 2009 7:32 PM
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What we need right now is a monarchy, with the King (or Queen) unbeholden to any group who makes decisions based on the welfare of the people, and for the rich to assume their responsibilities to care for and protect their serfs. Lord Gates, Lord Limbaugh, Lord Blomberg, Lord Trump, Lord Oprah, and all the rest should take care of their serfs. No more BS about democracy, no more special interests, no more corporate fascism.
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Posted by: weathered on Oct 16, 2009 4:08 AM
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Posted by: troubleinmind254 on Oct 16, 2009 7:21 AM
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Oh yeah!! A poor man like me just cant wait for that 50's epoch to come back.
Let me know when you done daydreaming at the checkout line at Whole Foods and talk to me abut raising the consciousness of the poor and the immigrant community.
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Posted by: fredtowson on Oct 16, 2009 10:21 AM
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With limited current technology to roam the galaxy to satiate the hunger of earths inhabitants, this is not a plausible means to deliver needed supplies back to a waiting consumer.
I just relieved that I didn't buy into the "American Dream", realizing the second word said it all, or vain to spawn prodigy in this ever growing mentally challenged world. My ride is on the downward slide of the dollhouse s02e04 subtitles постеры к сериалам постеры private practice s03e03 hdtv.xvid-2hd english subtitles seropol5 bell curve now and blessed to have made the choices I have, to enjoy a simple, fairly clutter-free life.
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Posted by: maxsmart on Oct 17, 2009 11:37 AM
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Meanwhile the Giant Corporations have money to spare paying lobbyists, bonuses, campaign contributions for a world that might stop running given a blow here or there to the infrastructure. The bottom getting ready to fall out from under them. Societies of ultra rich and vast ultra-poor are worse than bubbles they are a potential catastrophic collapse.
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Posted by: CLARENCE SWINNEY on Oct 20, 2009 6:19 AM
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do it under your name I do not care just inform the people
Rape of Middle class from 1980 to 2009
SOLUTIONS--
A. Remove Social Security Cap--Why should very rich pay 1/1000th and Middle Class pay 6.2%
B. Increase Dividend Tax from 15 to 28%. Capital vs Labor. Be Fair.
Coal Miner pays 28% and man sitting on butt pays 15% Labor is as important as capital.
Try doing without either.
C. Estate Tax Increase.
D. Increase Corp profit Tax.
E. Public Finance Elections.--Candidate cannot use any money except that given by the public.
F. Wall Street—Revert back to selling stock to raise funds for corporations to create jobs.
Eliminate the operations which are mere Gambling in a Rich Man’s Casino. Want to gamble go to Las Vegas.
G. Rebuild a strong Union base to get Labor a Fair share of profits.
Those suggestions will return us to a Democratic Philosophy of PAY YOUR WAY.
Go away from Republican philosophy of-- Spend and Borrow Let Kids Pay Tomorrow.
1945 to 1981--Each percentile increased in Wealth and Income almost evenly in percentage.
This was known as the GREAT MIDDLE CLASS era.
Then Came:
Reagan big tax cuts of 60% (70 to 28) for Richest, 40% to Big Corporations -Dividend Rate for Wall Street.
Tax Increases of biggest in history the Social Security Tax Increase--A Tax on elderly on 50% of Social Security Income--Five cent tax on Gas.
Bush Big Tax cuts for Very Rich.
RESULTS
from 1980 to 2007
Top 1% got 35.4% of Total Wealth Increase
Top 1% got 44.1% of Total Income Growth
In 2007 a not so pretty picture
NET WORTH
Top 20% owned 85% of Total Wealth and bottom 80% owned 15%
Of non-home wealth top 20% owned 93% and 80% owned 7%
Top 20% got 60% of Total Income and 80% got 40%
The Financial sector had never earned more than 16% of our Domestic profits.
From 2000, it averaged 41% of all profits earned by businesses in the nation.
This growth was all Wall Street not local banks.
Two-thirds of all Income growth from 2002-22007 flowed to top 1%.
Consequently, the Median Income for ordinary workers actually dopped by $2,197 per year since 2000.
In 2007 the top 50 Hedge Casino Managers averaged $588 Million each in annual compenstion and paid at 15% Tax Rate while their secretaries paid at a 28% Tax Rate.
It is now clear that the increasing dominance of the Financial Sector-including the Big Insurance companies-and its deregulation-has becpme a mortal danger to our economic security.
It is a disaster for the future of the huge Middle Class.
A small few own the majority.
Will we ever get a Congress and President willing to do what is FAIR.
Redistribute the Income and Wealth.
I fear for our future.
clarence swinney
political historian
Lifeaholics of America
author-Lifeaholic--workaholic to lifeaholic success
author unpublished-All American Party-How Democrats created a Great Middle Class
and Conservatives are determined to destroy it.
GOD BLESS AMERICA
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Posted by: CLARENCE SWINNEY on Oct 31, 2009 7:00 AM
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Newt said in 1994:"If we take Congress we will investigate every decision made by this administration".
The NYT+WP joined the Smearathon.
$72,000,000 was on Monica/Paula.
13 Hearings on a well known non-story called Whitewater. All about smear.
Borrowed $200,000--bought 210 acres-cut roads-sold lots
McDougal had made mucho doing it for decades. Enough to buy two banks in 1980s.
Gene Lyons book "Fools For Scandal-How the Press invented Whitewater" tells the true story
Lyons-Conason book "The Hunting of The President" is much truth.
James Retter book-"Anatomy of a Scandal" dispels Paula lie and Gennifer record as a blackmailing whore.
Times Mag had truth on Paula but it was never used on TV or in NYT or WP.
Here is truth--Paula said she went to his room at 2:30. I also heard her tell Larry King it was 3:00.
Immaterial. As Time reported Clinton was in the State House in the afternoon per the state trooper records.He spoke at the Breakfast not Luncheon Meeting.He had meetingss with foreign businessmen
Paid her to stop her Appeal.
If she won an appeal the insurance coverage was stopped. They agree to settlement since Insurance firm paid it.
They felt Appeal would go against them
Members of Appeals Court Were die hard Conservatives.
$110,000,000 and got what?
Reagan had 138 charged with crimes.
Some went to prison. Many fined large sums.
Clinton had one---one---convicted of a felony committed while working for President Clinton.
Evil man took $12,000 worth of trips to events paid for by college pals as had been doing since college days.
No quid pro quo per OIC Donald Smaltzsmear.
cswinney2@triad.rr.com
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