Best thing I’ve read in awhile…

Jul 25

I’m not an expert on politics, but I think this article is dead on. If you disagree, you are probably a polisci major whose parents are still paying part of your bills.

http://www.alternet.org/workplace/92431/america%27s_middle_class_can%27t_take_much_more_punishment/?page=entire

2 comments
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2 Responses to “Best thing I’ve read in awhile…”

  1. Anonymous says:
    July 25, 2008 at 8:57 pm

    “turning…the various impoverished dictatorships…of the third world into the sweatshop of the earth. This development [is] forcing the export abroad of our manufacturing economy, leaving us with a service/managerial economy that simply cannot support the vast, healthy middle class.”

    That’s where economists point to as the beginning of the economic downturn. That’s bullshit. Manufacturing jobs have been leaving this country since the 1960s, the 1970s seeing the largest export of labor (steel mills, toy manufacturing, food production).

    The REAL problem is the inflation rate and the lack of pay keeping up with it. In 1972, a single person could work a 40 hour work week in a manufacturing job and earn over 40K a year. The median home was $35K, the median car was slightly over $8K.

    Now, the average starting salary for a 4-year degree is $38K, the median home is $180K, and the median car is $28K.

    There’s no GOP or Democratic plans to screw over the middle class, they jsut can’t ignore the problem anymore like they’ve done for the last 30 years.

    CEOs of small businesses(less than 100 million dollar/year sales) used to make a decent wage, slightly above their highest paid managerial staff. A CEO of a failing company, as well as his board, are averaging more than an 8-figure salary for doing little more then using an excel spreadsheet and spending the companies’ expense accounts on high end meals and private jets.

    The REAL problem in our capitalist society is capitalism. GREED. Its killed the lower class, an its killed the middle class. Unless (and I hate to say this due to my party ties), but unless the GOV’T must step in and regulate profits of big businesses.

    The catastrophic endgame based on the leverage those companies are betting on themselves will put us into a DEPRESSION the likes of which this country has never seen. You want to trust the middle class’ future to Ivy League dropouts who can’t balance their own checkbook, let alone run a multi-trillion dollar company? We (the middle class) are dead already.

  2. Madeline.Shoemaker says:
    July 27, 2008 at 10:50 pm

    AHEM…I am a political science major whose parents pa(id) part of her bills and I loved it.

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