Thursday, August 23, 2012

Middle Class Exit 'Lost Decade' With Little Hope: Pew Report

"Things aren't looking great for America's middle class, and they know it.
A significant share of the middle class say it will be a long time before they recover from the severe shocks of the past 10 years, dubbed "The Lost Decade" in a Pew Research Center report released Wednesday.
"There's not a lot of good news for the middle class," Rich Morin, senior editor at the Pew Research Center and a co-author of the report, told The Huffington Post. 'The middle class has shrunk in size, it's declined in income and in wealth, and has lost a little bit of that characteristic faith in the future that defines Americans broadly, but particularly the middle class.'"
The fracturing of the middle calls started with the Reagan era and Bush finished the job with his tax cuts for the affluent, and the ownership society which created the great recession.

If you think Mittens can fix the problems the GOP created, think again. The GOP has been tied up in an ideological straight jacket since the Reagan era.
See Middle Class Exit 'Lost Decade' With Little Hope: Pew Report:

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