A long and persistent middle-class squeeze
OPS_admin | Feb 04, 2010 | Comments 0
Working Americans have long complained about a middle-class squeeze, but families focused on their day-to-day 
financial struggles may not always see how much ground has actually been lost.
EPI data tracking income and wage patterns show that the majority of income growth has for decades gone to a startlingly small number of top earners, while other workers have suffered a persistent stagnation or even decline in real earnings. While many middle-income families have lost jobs, homes, and retirement savings during the latest recession, their economic woes date back much further.
This pattern is best illustrated in the following chart, which shows that 34.6% of all income growth over the past three decades has gone to the top one-tenth of 1% of all earners—an exclusive group representing just 13,000 families. By contrast, the bottom 90% of all earners has collectively seen only 15.9% of all income growth over the same period:
Full Story A long and persistent middle-class squeeze.
Filed Under: Economy - Labor • Featured
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
