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Carter: Middle Class Today Resembles Past's Poor
Associated Press ^ | October 7, 2013 | Lisa Leff

Posted on 10/08/2013 4:36:24 AM PDT by Biggirl

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To: Biggirl

a stopped clock is right twice a day


21 posted on 10/08/2013 5:42:53 AM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: Beagle8U
I vote that 1/2 mile north of the Mexico border in AZ as the location too.

I question your sense of direction! ;-P

22 posted on 10/08/2013 5:45:50 AM PDT by MortMan (Disarming the sheep only emboldens the wolves.)
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To: MortMan

No, I want them to experience the same thing border ranchers and farmers have to deal with, 1000’s of thirsty starving illegals looking for something to steal.


23 posted on 10/08/2013 5:55:00 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Biggirl

Lets give him the benefit of the doubt, he is senile.


24 posted on 10/08/2013 5:55:24 AM PDT by CPT Clay (Follow me on Twitter @Clay N TX)
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To: Beagle8U

Yeah - I guess you are right. A mile south would put them under the protection of the Cartels, with Obama’s F&F guns.

My bad.


25 posted on 10/08/2013 5:58:28 AM PDT by MortMan (Disarming the sheep only emboldens the wolves.)
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To: Venturer

Come November we’re going to see Barry and Jimmy sitting in front of the WH fireplace telling us all to wear sweaters and learn to live with less.


26 posted on 10/08/2013 6:38:54 AM PDT by R0CK3T
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To: R0CK3T

Yes and the Bush’s and Bill Clinton will be sitting right next to them.


27 posted on 10/08/2013 8:58:25 AM PDT by Venturer (Obamacare is a criminal act.)
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To: Biggirl
Yes, the middle class has been in decline recently, due to structural changes in the economy.

The middle class at one time was built on manufacturing jobs done by high-school educated people, but is now based on college educated service jobs. This has limited the mobility to the middle class for high-school educated people.

Add to that, for much of the middle class, consumerism over the last 45 years (since Nixon ended Bretton Woods) has been driven by consumer lending, not by wage growth. And the chickens of consumer lending came home to roost in 2008.

I would add, the first point about the shift from a manufacturing economy was totally beyond control of the individual, however, the second point about consumerism via debt was totally within the control of the individual.

But Carter is basically blaming Reagan and the Reagan tax reforms for today's problems. That is a total load of crap. It was Nixon in 1972 and then the transition from the industrial age to the information age (predicted presciently by John Nasbitt in "Megatrends" in 1982) which created the structural changes in our economy which have negatively impacted the middle class.

The bad thing is, it is only going to get worse. Futurists and economists are predicting a wave of automation which impacts skilled service work.

And it has nothing to do with Reagan, but it is something the politicians should be addressing now.

How Technology Is Destroying Jobs

How to Avoid the Coming Middle-Class Meltdown

28 posted on 10/08/2013 7:29:32 PM PDT by magellan
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To: Biggirl
Notice you never hear a peep out of either of the Bushes.

Democrat Presidents feel they must inject themselves into the discussion, forever.

29 posted on 10/08/2013 7:32:19 PM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: ozdragon

Why would anyone give any credibility to anything that Carter says on any topic?

Hey, if Jimmy Boy is willing to admit that Barry is a worse pres than him, I’m inclined to believe him on that!


30 posted on 10/08/2013 7:46:03 PM PDT by logic101.net (How many more children must die on the altar of "gun free zones"?)
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To: magellan
"...How Technology Is Destroying Jobs..."

'Haven't read it, but Cable-TV and Smartphones are adding new "rent" to family's budgets. (Not to mention gas prices for commuting to actual jobs).

31 posted on 11/05/2013 1:19:56 AM PST by Does so (Soon, we'll be looking like Detroit.)
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