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The U.S. Middle Class Is Turning Proletarian
New Geography ^ | February 16, 2014 | Joel Kotkin

Posted on 02/20/2014 12:46:02 AM PST by 2ndDivisionVet

The biggest issue facing the American economy, and our political system, is the gradual descent of the middle class into proletarian status. This process, which has been going on intermittently since the 1970s, has worsened considerably over the past five years, and threatens to turn this century into one marked by downward mobility.

The decline has less to do with the power of the “one percent” per se than with the drying up of opportunity amid what is seen on Wall Street and in the White House as a sustained recovery. Despite President Obama’s rhetorical devotion to reducing inequality, it has widened significantly under his watch. Not only did the income of the middle 60% of households drop between 2010 and 2012 while that of the top 20% rose, the income of the middle 60% declined by a greater percentage than the poorest quintile. The middle 60% of earners’ share of the national pie has fallen from 53% in 1970 to 45% in 2012.

This group, what I call the yeoman class — the small business owners, the suburban homeowners , the family farmers or skilled construction tradespeople– is increasingly endangered. Once the dominant class in America, it is clearly shrinking: In the four decades since 1971 the percentage of Americans earning between two-thirds and twice the national median income has dropped from 61% to 51% of the population, according to Pew.

Roughly one in three people born into middle class-households , those between the 30th and 70th percentiles of income, now fall out of that status as adults.

Neither party has a reasonable program to halt the decline of the middle class. Previous generations of liberals — say Walter Reuther, Hubert Humphrey, Harry Truman, Pat Brown — recognized broad-based economic growth was a necessary precursor to upward mobility and social justice. However, many in the new wave of progressives engage in fantastical economics built around such things as “urban density” and “green jobs,” while adopting policies that restrict growth in manufacturing, energy and housing. When all else fails, some, like Oregon’s John Kitzhaber, try to change the topic by advocating shifting emphasis from measures of economic growth to “happiness.”

Other more ideologically robust liberals, like New York Mayor Bill de Blasio, call for a strong policy of redistribution, something with particular appeal in a city with one of the highest levels of income inequality in the country. Over time a primarily redistributionist approach may improve some material conditions, but is likely to help create a permanent underclass of dependents, including part-time workers, perpetual students, and service employees living hand to mouth, who can make ends meet only if taxpayers subsidize their housing, transportation and other necessities.

Given the challenge being mounted by de Blasio and hard left Democrats, one would imagine that business and conservative leaders would try to concoct a response. But for the most part, particularly at the national level, they offer little more than bromides about low taxes, particularly for the well-heeled investor and rentier classes, while some still bank on largely irrelevant positions on key social issues to divert the middle class from their worsening economic plight.

The country’s rise to world preeminence and admiration stemmed from the fact that its prosperity was widely shared. In the first decades after the Second World War, when the percentage of households earning middle incomes doubled to 60%, it was no mirage, but a fundamental accomplishment of enlightened capitalism.

In contrast, the current downgrading of the middle class undermines the appeal of the “democratic capitalism” that so many conservative intellectuals espouse. In reality, capitalism is becoming less democratic: stock ownership has become more concentrated, with the percentage of adult Americans owning stock the lowest since 1999 and a full 13 points less than 2007. The fact that poverty — reflected in such things as an expansion of food stamp use — has now spread beyond the cities to the suburbs, something much celebrated among urban-centric pundits, is further confirmation of the yeomanry’s stark decline.

How our political leaders respond to this challenge of downward mobility will define the future of our Republic. Some see a future shaped by automation that would “permanently end” what one author calls “the age of mass human labor,” allowing productivity to rise without significant increases in wages. In this world, the current American middle and working class would be economically passé.

One would hope business would have a better option that would restart upward mobility. Lower taxes on the investor class, less regulation of Wall Street, and the mass immigration of cheap workers — all the rage among investment bankers, tech oligarchs and those with inherited wealth — does not constitute a compelling program of middle-class uplift. Nor does resistance, particularly among the Tea Party, to make the human and physical infrastructure investment that could help restore strong economic growth.

Fortunately history gives us hope that this decline can be turned around. The early decades of the Industrial Revolution saw a similar societal decline, as once independent artisans and farmers became fodder for the factory lines. Divorce and drunkenness grew as religious attendance failed. But a pattern of reform, in Britain, America and even Germany, helped restore labor’s place in the economy, and rapid growth provided the basis not only for the expansion of the middle class, but remarkably improvements in its well-being.

A pro-growth program today could take several forms that defy the narrow logic of both left and right. We can encourage the growth of high-wage, blue-collar industries such as construction, energy and manufacturing. We can also reform taxes so that the burdens fall less on employers and employees, as opposed to those who simply profit from asset inflation. And rather than impose huge tuitions on students who might not finish with a degree that offers employment opportunities, let’s place new emphasis on practical skills training for both the new generation and those being left behind in this “recovery.” Most importantly, the benefits of capitalism need be more widely shared if business hopes to gain support from the middle class for their agenda.


TOPICS: Editorial; Russia
KEYWORDS: economy; jobs; middleclass; taxes
Navigation: use the links below to view more comments.
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Joel Kotkin is executive editor of NewGeography.com and Distinguished Presidential Fellow in Urban Futures at Chapman University, and a member of the editorial board of the Orange County Register. He is author of The City: A Global History and The Next Hundred Million: America in 2050. His most recent study, The Rise of Postfamilialism, has been widely discussed and distributed internationally. He lives in Los Angeles, CA.
1 posted on 02/20/2014 12:46:02 AM PST by 2ndDivisionVet
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To: 2ndDivisionVet

Isn’t it a main democrat goal since LBG? A war on poverty to bring more poverty.


2 posted on 02/20/2014 12:56:03 AM PST by cunning_fish
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To: 2ndDivisionVet
An intelligent essay with a different perspective.

Thanks for posting.

3 posted on 02/20/2014 12:58:47 AM PST by okie01 (The Mainstream Media -- IGNORANCE ON PARADE)
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To: cunning_fish

This is really happening.

The GOP is in part causing this, by shipping American jobs to China.

Bring back American jobs. Now.


4 posted on 02/20/2014 1:05:30 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: 2ndDivisionVet

“...which has been going on intermittently since the 1970s...”

The author seeks - as does everyone in the press these days - to deflect blame from the Marxist in the White House.

You want to know why the economy is in the tank? It’s because that’s precisely where Obama wants it.


5 posted on 02/20/2014 1:08:04 AM PST by Jack Hammer
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To: Jack Hammer

>>>“...which has been going on intermittently since the 1970s...”

The author seeks - as does everyone in the press these days - to deflect blame from the Marxist in the White House.

You want to know why the economy is in the tank? It’s because that’s precisely where Obama wants it.<<<

What made it possible to put a Marxist to a White House? It is all growing from the 60s.


6 posted on 02/20/2014 1:10:55 AM PST by cunning_fish
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To: Cringing Negativism Network

>>>This is really happening.

The GOP is in part causing this, by shipping American jobs to China.

Bring back American jobs. Now.<<<

War on Women, Zimmerman show trial etc are a smoke screen used by the democrats to camouflage a real war they are waging. I mean the War on the Middle Class. Feminism, racism, LGBT crap - all the -isms to push for affirmative action which is a main tool to ruin the mainstay of the Middle Class - an accomplished white male and his family. Enabling China the way you are talking is just another angle of it.


7 posted on 02/20/2014 1:20:35 AM PST by cunning_fish
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To: Cringing Negativism Network

“Bring back American jobs. Now.”

You repeat that quite a bit, but...you’re 100% right. How in the world are we ever going to get people out of the dependency class without jobs, and I’m talking real jobs, not just low pay and low skill “service” ones. We need manufacturing, construction, and other skilled labor, and that labor needs to be American, not hordes of illegal aliens paid under the table.

American jobs for Americans NOW.


8 posted on 02/20/2014 1:21:13 AM PST by CitizenUSA (Sodomy and abortion: the only constitutional rights cherished by Democrats.)
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To: CitizenUSA

Thanks.

China has now built up a larger export machine, than America’s manufacturing base.

China continues to rapidly grow.

America we really, are living in the past. Bring back American jobs.


9 posted on 02/20/2014 1:23:59 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network

If Americans want to preserve their place in the world and standard of living of the past,they must first demand their corporations keep trade secrets and skills in US. Study the story of silk. If China ever dominates in the sciences and etc, that is the model China will preserve her power and society. The US lead the world in science and manufacturing till the greedy corporations decide to close the tech gap with China, India and Mexico by sending American technicians over to teach them how to do jobs Americans were doing. 1980 Chinese workers could not even decently solder circuit boards nor their factory managers had the skill to manage production. Then US corporate reps showed up set up schools and tech skill shops to teach the capable Chinese how to do it. Once the factory is set up we just close the ones in the US and dump the high paid workers onto the US taxpayers as unemployment. Did the price of the goods made in China drop in price. Nope. $ 300 Apple Smart phones, Chinese factory (not worker) gets $ .75. That means Apple execs pocket $ 299.25 for themselves and yet proclaim that the profit margins were too razor thin to have them built in the US or pay higher corporate taxes on their profits. It is a tough business they all scream and yet their HQ look like glass and modern metal palaces, with scifi looking cafeterias, offices, million dollar sculptures and art in lobbies, designer furniture, state of the art gyms and etc. Pat Buchanan is the only one that notices something is not right with the corporate narrative that they pay too much taxes and cannot afford to have US workers. Tea Party also notices something stinks with the corporate narrative. TP members are learning the traitorous nature of corporate America via the illegal immigration issue and more guest high tech workers while many American college grads cannot get jobs (because they are Americans) and others are losing it to Obamacare and offshore jobs. If the big gov and big corporation do not change, the people will rise up and change them. Opening battles are already underway between the screwed and corporate minions in left wing Oakland CA. Google (pro Dem corporation) buses can take over public bus stops. The poor (pro Dem voters) are slashing their tires and throwing rocks at them. Such arrogance is met by righteous violence. The main street Americans in the GOP and Dem are fighting with their party agents of corporate America faction because they are sick and tire of being screwed by them and forced to bailout their messes.


10 posted on 02/20/2014 1:30:55 AM PST by Fee ( Big Gov and Big Business are Enemies of America)
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To: cunning_fish

“It is all growing from the 60s.”

Yep - the 1860s.


11 posted on 02/20/2014 1:32:35 AM PST by Jack Hammer
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To: Fee

Good post. You are 100% correct.


12 posted on 02/20/2014 1:35:53 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: 2ndDivisionVet
An American soldier returns from duty abroad with three limbs instead of four. His government rewards him by reneging on its promise to care for him and provide for his retirement by cutting his pension.

An American bureaucrat blows the whistle on corruption and is fired and disgraced by his government while his plight and the corruption which he exposed go unremarked by the American press.

An American couple complete 40 years of dutiful employment in the private sector and enter retirement under the expectation that their savings and their home together with Social Security would be enough to cover their "golden" years to find that there pensions have been bankrupted, their savings ravaged by inflation, their Social Security and health care under attack, their home worth less than they had been led to expect.

A young woman graduates from Bryn Mawr magna cum laude with a degree in women's studies only to find that she is massively in debt and with limited employment prospects. She had been told by the professors in college that the important issue confronting America was the Republicans' war on women and economic challenges facing America are the result of Republicans' failure to regulate big business and big banks. She is unaware of the amount of federal monies funneled into her alma mater by way of grants, subsidies, tax exemptions, and "projects."

The middle-class is being inexorably hollowed out by the government it votes for every two years.


13 posted on 02/20/2014 1:36:33 AM PST by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: cunning_fish; CitizenUSA; Cringing Negativism Network
War on Women, Zimmerman show trial etc are a smoke screen used by the democrats to camouflage a real war they are waging. I mean the War on the Middle Class. Feminism, racism, LGBT crap - all the -isms to push for affirmative action which is a main tool to ruin the mainstay of the Middle Class - an accomplished white male and his family. Enabling China the way you are talking is just another angle of it.

My take too!!

Odungu and his Democrats are smart to focus on income inequality. This shows they are doing their polling and focus groups so now you see them unleashing their psyops warfare via the mass media to imprint income inequality on Americans brains. Not that they have any programs that will fix it. Not even a bit, because socialism always fails.
But it is a perfect hook for the lo-info voters our public skools educational system has churned out

The last 30 years of free trade idiocy are largely to blame for American income equality. I have followed this since 1990. With lack of honest indusrty we now have the FReserve and its mad money printing to juice our phony economy where non-productive sectors AKA paper shufflers (Federal Gov't, Wall Street, Facebook etc) dominate

Detroit, steel making and other manufacturing sinks for 30-40 years while the Federal Gov expands

14 posted on 02/20/2014 1:41:31 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: Fee

A superior post. Thanks!!!


15 posted on 02/20/2014 1:43:35 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: okie01
I always thought the working class WAS middle class.

Never in my blue collar life did I consider myself poor, nor stuck in a rut or something

Most of the time I had two cars (one for the Mrs), the 5 kids were fed, healthy, educated and cared for.

We went on vacation once a year (If I decided to stop working to go), and a ton of other very satisfying elements of my life


Y'mean .. I WASN'T content and happy ... with a bank account to boot ?

16 posted on 02/20/2014 1:52:56 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: cunning_fish
War on Women, Zimmerman show trial etc are a smoke screen used by the democrats to camouflage a real war they are waging. I mean the War on the Middle Class. Feminism, racism, LGBT crap - all the -isms to push for affirmative action which is a main tool to ruin the mainstay of the Middle Class - an accomplished white male and his family. Enabling China the way you are talking is just another angle of it.

Single professional white women are Obama's biggest allies in the war on the married white male (and his family) who is the most conservative American these days. As such, single professional white women align themselves (politically) with multiKulturalsim, gays, blacks, illegal immigrants, open borders etc.etc, Many married professional white women are as bad and as leftist. Universities are now turning out more female than male lawyers so will be controlling the legal system and divorce courts?. Universities become more and more feminized and hostile to men with normal testosterone levels so men drop out of this game.

The job mix in America is moving way from guy type jobs (hands on blue collar) and towards jobs that liberals, women and gays like and  gravitate to (fashion, Government, paper shuffling jobs, university administrator, EPA, OSHA)

17 posted on 02/20/2014 1:59:07 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: cunning_fish

The media failed to mention that when Democrats talk about equality, they mean bringing everyone down so that we will all be equal in our poverty.


18 posted on 02/20/2014 2:08:10 AM PST by Carbonsteel
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To: Carbonsteel

Socialism and communism mean the equal distribution of poverty.


19 posted on 02/20/2014 2:17:51 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: cunning_fish

I’m one of them. The article speaks truth. I believe the downward spiral is fallout from Obama’s horrid economic policies and I think its intentional. What we are experiencing is due to a social experiment being conducted by mad men with far too much money (that are being controlled by evil forces / Satan spoken about in the bible) who want to reduce and bring the U.S. into a state where it can be inducted into the NWO. I think this is being done because the U.S. was once a nation founded on Christian principles and was too strong for the dark forces to overtake and they knew we would have to be reduced for other objectives to be attained. I know it sounds like the ramblings of a mad man but think back to how much has changed since 2001 and especially since 2008


20 posted on 02/20/2014 2:23:57 AM PST by jsanders2001
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To: 2ndDivisionVet
Nor does resistance, particularly among the Tea Party, to make the human and physical infrastructure investment that could help restore strong economic growth.

What does this mean?

He was writing intelligible English for a while, but then he seems to have switched on his content-free sentence-fragment generator so as to make sure he'd met his quota for bipartisan moral equivalency.

21 posted on 02/20/2014 2:55:56 AM PST by Tax-chick (The future is not going to take us seriously.)
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To: Tax-chick

“One would hope business would have a better option that would restart upward mobility. Lower taxes on the investor class, less regulation of Wall Street, and the mass immigration of cheap workers — all the rage among investment bankers, tech oligarchs and those with inherited wealth — does not constitute a compelling program of middle-class uplift. Nor does resistance, particularly among the Tea Party, to make the human and physical infrastructure investment that could help restore strong economic growth.”

-

The writer seems to have included that sentence, as a part of the paragraph above (which makes more sense, in total).


22 posted on 02/20/2014 3:03:27 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network

The first part of the sentence mentions specific policy views. The second part does not, imo. What does “human and physical infrastructure investment” mean to you?


23 posted on 02/20/2014 3:19:53 AM PST by Tax-chick (The future is not going to take us seriously.)
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To: Cringing Negativism Network

“The GOP is in part causing this, by shipping American jobs to China.”

Nobody is “shipping” jobs to China. The federal and state and in some cases local governments have made the atmosphere toxic for employers. Any number of federal agencies can shut you down instantly for a raft of reasons, some of them political, like Gibson Guitar. The government will pay an aggrieved employee’s legal bills so he can sue you. (Since they have no incentive to settle you’ll pay whether guilty or no.) Then there are labor laws so convoluted that you’re going to be guilty of breaking at least one. I could go on, but won’t.

If you want jobs back they’d flood back if the various governments got out of the way. But once laws are on the books, once agencies are established they have immortality. They won’t go away. Therefore jobs will never come back.


24 posted on 02/20/2014 3:23:43 AM PST by Gen.Blather
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To: 2ndDivisionVet

There is a very simple solution to our “jobs” problem. Get government out of private enterprise....PERIOD!

Next, pay cash to employees each payday. Make them stand in a line at a table with about 15 people sitting at it, each having a duty to collect a fee for some type of government program or tax, and passing the stack of the employee’s dollar bills down the line to the end of the table where they are finally given their money.

When that day comes and each employee actually sees what the government and other leeches take out they will be alarmed enough to finally start voting for those who fight to allow them to keep most of their money.


25 posted on 02/20/2014 3:36:44 AM PST by DH (Once the tainted finger of government touches anything the rot begins)
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To: Gen.Blather

Exactly. Tort and labor laws along with egregious regulation virtually guarantee many new job openings will be filled by robots, illegals or moved offshore. Anything mechanical can be done better by a robot or cheaper by an illegal or offshore worker and neither will sue you.

I also tell the FR-gruntled that those jobs are never coming back. My advice is take up an analytical and licensed career -something robots and non-citizens cannot do.


26 posted on 02/20/2014 4:21:42 AM PST by Justa
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To: Cringing Negativism Network

“Bring back American jobs now.”

Plunk your magic twanger Froggy.

IMHO


27 posted on 02/20/2014 4:40:46 AM PST by ripley
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To: Cringing Negativism Network

How is the GOP shipping jobs to China?


28 posted on 02/20/2014 4:40:53 AM PST by ilovesarah2012
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To: CitizenUSA

Consistent with reports of some labor shortages for builders, the number of open, unfilled positions in the construction industry remains at levels last seen five years ago. The number of unfilled positions in the sector for July (100,000) marks six out of the seven most recent months for which this total has equaled or exceeded 100,000. Successfully filling open positions with qualified workers is a top concern for home builders in 2013.

http://eyeonhousing.org/2013/09/10/construction-job-openings/

From 2012

Plenty of jobs, lazy Americans just don’t want them

Some people look at our 8.1 percent unemployment rate and say, there aren’t enough jobs out there. But others say there are plenty, Americans just aren’t willing to do them. One of those people is John Stossel, host of “Stossel” on the Fox Business Network.

Stossel did a Fox News special called “Out of Work,” where he argues that there are plenty of jobs in the United States, Americans aren’t willing to take them. He points the blame on a more-than-generous government safety net.

“We’ve taught people that in some cases it’s easier to be dependent, and you’re a sucker if you pound the pavement and work at one of those tough minimum wage jobs,” he told host Jeremy Hobson.

http://www.marketplace.org/topics/economy/plenty-jobs-lazy-americans-just-dont-want-them


29 posted on 02/20/2014 4:47:02 AM PST by ilovesarah2012
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To: Justa

“I also tell the FR-gruntled that those jobs are never coming back. My advice is take up an analytical and licensed career -something robots and non-citizens cannot do.”

I’m 59. I lost my job through sequestration. Despite a spectacular resume I doubt I’ll ever work again. I advise young people to skip college, spend four years in the military to gain some perspective and to read “The Millionaire Next Door.” Then they should work for a tradesman to learn something and then start their own company.

I’ve written 12 novels because storytelling is the thing I do best.

http://www.amazon.com/s?ie=UTF8&field-author=Bern+Pearson&page=1&rh=n:133140011,p_27:Bern+Pearson


30 posted on 02/20/2014 4:51:04 AM PST by Gen.Blather
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To: Tax-chick
. What does “human and physical infrastructure investment” mean to you?

That sounds like taxing (or borrowing or printing) and spending. And those tea party radicals are getting in the way of the government doing it for their own good. < /s>

31 posted on 02/20/2014 4:54:12 AM PST by KarlInOhio (Recycled Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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To: 2ndDivisionVet

It’s the result of the elites’ class warfare. The only threat to their complete domination is the middle class. They are the ones pushing for ever increasing regulation, moving the jobs over seas, and forcing American workers to compete with illegals for the remaining jobs.


32 posted on 02/20/2014 5:01:29 AM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: Cringing Negativism Network

Nobody on the Nationsl political stage even talks about income tax cuts, Reaganomica or fair trade. It isn’t even on the agenda. Both the ‘R’s and the ‘D’s beleive in Keynsian Economics.


33 posted on 02/20/2014 5:04:25 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: KarlInOhio

“Investment” almost always means taxing and spending. “Physical infrastructure” is roads and bridges, all that stuff that was supposed to be “invested in” by the trillions of dollars borrowed and spent in the last eight years.

What is “human infrastructure?”


34 posted on 02/20/2014 5:07:39 AM PST by Tax-chick (The future is not going to take us seriously.)
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To: Gen.Blather

Wage differentials with China are more of a factor. Manufacturing is too much cheaper there. You have added other factors on jobs going overseas but it is not all due to over-regulation...as repulsive as those useless eater, porn surfing regulators are


35 posted on 02/20/2014 5:11:06 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: Gen.Blather
Nobody is “shipping” jobs to China. The federal and state and in some cases local governments have made the atmosphere toxic for employers

Boy, was that a niave post from you. Typical though. Let me fill you in - US corporations absolutley LOVE regulations and taxes because is squeezes the little upstarts out of the manufacuring market. It also gives them a fig leaf to cover their shamless exploitation of the infinite turd world slave labor pool and gets rubes like you onbaord defending the massive screw job. You are what is known as a useful idiot.

36 posted on 02/20/2014 5:14:53 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: 2ndDivisionVet
This group, what I call the yeoman class — the small business owners, the suburban homeowners , the family farmers or skilled construction tradespeople– is increasingly endangered. Once the dominant class in America, it is clearly shrinking: In the four decades since 1971 the percentage of Americans earning between two-thirds and twice the national median income has dropped from 61% to 51% of the population, according to Pew.

Is this based on individuals or households? If households, the it could be because of the increased divorce rate splitting households. Other reasons could be because of wives taking low end or part time jobs thus being added to the low end. Also it could be because of a general spreading of the bell curve of pay. some move down and out, but others move up and out of the middle class.

Roughly one in three people born into middle class-households , those between the 30th and 70th percentiles of income, now fall out of that status as adults.

Interesting choice of the word "fall". No information is given whether the are moving up or down. In fact, if someone moves in either direction then someone else has to move into the 30-70th percentile range. This is strictly about income mobility rather than dealing with whether the middle class is doing well or not.

I moved from probably around the 40th percentile as a kid (Dad was a little below average income at the time) to about 85th now. So according to the author I "fell" out of the range.

Statistics aren't all that tricky, but tricky things can be done with them. And this article has a lot of warning signs that is what is being done.

37 posted on 02/20/2014 5:17:21 AM PST by KarlInOhio (Recycled Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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To: Tax-chick

Usually that’s fancy talk for spending money on education of some type. Not necessarily actually educating anyone, just spending the cash.


38 posted on 02/20/2014 5:19:52 AM PST by KarlInOhio (Recycled Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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To: 2ndDivisionVet

One of my “must-read” authors.


39 posted on 02/20/2014 5:20:06 AM PST by Excellence (All your database are belong to us.)
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To: KarlInOhio

It seems as if this author is saying that Tea Party opposition to throwing more money at “education” and at “physical infrastructure” (that never gets built) is bad for the middle class. Does he really believe that, or is he simply required by his contract to criticize the “right wing”?


40 posted on 02/20/2014 5:25:13 AM PST by Tax-chick (The future is not going to take us seriously.)
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To: Cringing Negativism Network

I have yet to hear one of the kool-aid drinking free trade crowd give me a logical reason as to why China, who has missiles pointed at us, should get the same trade treatment as Japan, who is a steadfast ally.


41 posted on 02/20/2014 5:40:13 AM PST by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: central_va

true!!!


42 posted on 02/20/2014 5:43:41 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: Vigilanteman

Japan holds as much US Treasuries as China. One trillion dolars or so. They do this as a favor to us, due to us defending them against China. Under George Bush this works. Under Obama this quid pro quo is unreliable


43 posted on 02/20/2014 5:47:45 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: Vigilanteman

When a hot war comes with China and/or Russia the “Free Traitors” will be hanging foirm the light poles everywhere.


44 posted on 02/20/2014 6:09:46 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: DH

Do away with withholding and make everybody write a quarterly check like the self employed do, that would change some minds. Also set up the tax code so ANYBODY/EVERYBODY who works pays something. No more 47-50% with no skin in the game.


45 posted on 02/20/2014 6:12:31 AM PST by redangus
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To: Gen.Blather

Exactly! There is a severe lack of trust of government. Why take the risk when at any time some agency will descend upon you? Especially when you are not of the ‘right mind’. See GM dealers who lean Republican that were closed by ‘restructuring’ from the Bailout.
Some people just look the other way.


46 posted on 02/20/2014 6:15:08 AM PST by griswold3 (Post-Christian America is living on borrowed moral heritage)
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To: Fee

All true. Meanwhile, the runaway proliferation of law and regulation buries the small business person and stacks the deck against him in favor of big companies. Estate taxes force the sale of family farms to the benefit of big corporate farming.

The Democratic Party and Establishment Republicans are fully deserving of any horrible, painful, miserable demise that the American people can deliver on them.


47 posted on 02/20/2014 6:26:14 AM PST by RatRipper (The political left are utterly evil and corrupt)
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To: Tax-chick

Actually that means to me, the sort of investment which is currently (and has been going, for the last two decades at least) to Asia.

Everyone is sending investments to Asia.

For an entire generation, everyone has been selling out America.

America won the second world war, and is now selling out everything to Asia.

Everything.

We won the war, and we’re now losing.

It is absurd, but it is true.


48 posted on 02/20/2014 6:43:24 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: central_va

Tell that to Chrysler.


49 posted on 02/20/2014 7:52:47 AM PST by Hoosier-Daddy ( "It is not our job to protect the people from the consequences of ingtheir political choices.")
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To: 2ndDivisionVet

Liberal democrats are destroying the middle class.


50 posted on 02/20/2014 8:07:13 AM PST by GOPJ ( America's drifting into totalitarianism because the left's exploitation of social failures.Greenfi)
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