The Dying Middle Class

I would think that anyone who has been paying attention to the news today would have read this article.

EXCLUSIVE: SIGNS OF DECLINING ECONOMIC SECURITY

WASHINGTON (AP) — Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend.
The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality.
Hardship is particularly on the rise among whites, based on several measures. Pessimism among that racial group about their families' economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy "poor."
"I think it's going to get worse," said Irene Salyers, 52, of Buchanan County, Va., a declining coal region in Appalachia. Married and divorced three times, Salyers now helps run a fruit and vegetable stand with her boyfriend, but it doesn't generate much income. They live mostly off government disability checks.~snip~

That it comes from the AP is what's really amazing, usually they're very  pro Obama and loath to report on anything critical of him. Which is why you see the excuses right up front.
Things like globalization, the rich and poor gap and the loss of good manufacturing jobs without going into a lot of detail why those conditions exist.
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Although later on they do hint to the problem of single motherhood and then separate the statistic of more children living in poverty. Like there is no correlation between the two.
 Globalization and the lack of manufacturing jobs can be linked to the draconian obstacles that liberal/commie democrat politicians place in front of business driving them to other business friendlier areas.

Knowing the what does nothing to solve the why, making excuses for the piss poor administration that we have does nothing to confront them with their failure to stimulate growth in the jobs sector.

We all know what the problem is so the question is when will the media confront and make this administration accountable for these dismal statistics and demand to know what they are going to do about it.

Americans Poorer Since Obamessiah Took Office

Somehow I don't think this is a surprise for anybody who has to work for a living.

Americans saw wealth plummet 40 percent from 2007 to 2010, Federal Reserve says

The recent recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with ­middle-class families bearing the brunt of the decline.
The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were in 1992.
The data represent one of the most detailed looks at how the economic downturn altered the landscape of family finance. Over a span of three years, Americans watched progress that took almost a generation to accumulate evaporate. The promise of retirement built on the inevitable rise of the stock market proved illusory for most. Homeownership, once heralded as a pathway to wealth, became an albatross.
The findings underscore the depth of the wounds of the financial crisis and how far many families remain from healing. If the recession set Americans back 20 years, economists say, the road forward is sure to be a long one. And so far, the country has seen only a halting recovery.

Just trying to keep our cars fueled up eats away at our wealth and the federal, state and local governments are the ones who really benefit.
If you want to drop the price of gas how about a moratorium on collecting taxes?
That'll drop the price of gasoline and diesel 50 to 55 cents per gallon.
You want to know why your house has lost value then look to Barney Frank and his piss ant liberal/democrat enablers.

Wealth isn't generated by food stamps or unemployment.
Obama wants 4 more years to "finish the job", my question is who'll be left after 4 more years for him to confiscate their wealth from to prop up all those Americans he and the progressive Democrats have impoverished?

We can't take another 4 more years, hell we'll be lucky to survive until November when we can throw them out on their cans.