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The Middle Class

February 23, 2011

A lot of rhetoric has been passed around about the demise of the middle class. There is some substance but mostly hot air.

http://money.usnews.com/money/blogs/flowchart/2010/10/15/how-the-middle-class-is-shrinking.

First, what is the middle class? Who defines it? How is it tied to productivity increases? How about the loss of manufacturing jobs? How is it tied to the sad state of education in America?

For those who fume about the middle class what about the evilness of predatory banking and the complete abdication of responsibility in the financial oversight act? Big banks have never been better.

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