[PGR88]

IMHO. All ultimately caused by our fake, unbacked currency, which benefits progressives in government and the failed soviet-style, manipulated central planning of the Federal Reserve

[skeeter]

The middle class and the stability it represents has always been the bain of communists. Destroying it is always their goal.

Obama, Clinton, et al are no different than suppressed communists.

McConnell, Ryan, the Chamber of Commerce are the tools Lenin referred to with his “sell them the rope” quote.

[proxy_user]

The LA Times article references a Pew Center Study. What the study found is that 11% of the households have exited the middle class.

What is interesting is that 7% of them have joined the upper class, while only 4% have sunk into the lower class.

[Cringing Negativism Network]

It’s not just Obama.

Our entire political establishment, is all for sending every American dollar to China.

They are all sold out.

[ConservingFreedom]

Let millions of skilled foreign workers into the country on H-1B visas who will do the work that Americans used to do for a "living wage" for much less money.

Close ... but they're generally NOT "skilled":

'Under this system, employers classify

• 52 percent of H-1B workers at the lowest skill level, where they command a wage at the 17th percentile for the occupation and location.
  
  
• 30 percent at the next lowest skill level, where they command a wage at the 34th percentile.
  
  
• 12 percent at the next skill level, where they command the median (or actual prevailing wage).
  
  
• 6 percent at the highest skill level, where they command a wage at the 67th percentile.

'Notice that H-1B workers are "highly skilled" when industry wants more of them, but those very same workers become low-skilled when determining what they have to be paid.'

- http://cis.org/miano/primer-reporters-looking-h-1b-program

[mjp]

Because of their belief in marx's exploitation theory, and their resulting hatred of capitalism, libtardism is the perfect storm of anti middle class economic policies:

1) taxes that are too high
2) regulations that are too numerous and too costly
3) too much government borrowing and gov. debt
4) too much inflationary increase in the money supply
5) too much government spending and deficit spending
6) anti business environment with anti rich, anti profit, anti property rights attitudes
7) out of control pro immigration policies
8) lack of knowledge of the boom bust cycle and what causes it and how to properly get out of it
9) redistributionism
10) welfare statism and social justice
11) egalitarianism
12) increased socialism
13) labor unionism
14) increased government interventionism and force

Put all these together and they will overcome technological progress, and the result will be economic stagnation or retrogression