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There is no doubt the American middle class is being beaten like a drum...To add insult to injury, the insiders and well connected had no problem bailing out the wealthy and big biz to the tune of trillions, all while seizing millions of home from the struggling middle class.
1 posted on 11/17/2011 8:54:17 AM PST by dragnet2
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To: All

The Germantown area of Philadelphia was formerly considered solidly middle class but is now mostly low income. "Everything started going down in the dumps," a longtime resident said.

2 posted on 11/17/2011 8:54:48 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2
"lived in neighborhoods the study defined as middle-income, "
now all we need is what the study defines as middle income neighborhoods.... definately a slanted at best story...
3 posted on 11/17/2011 8:58:22 AM PST by joe fonebone (Project Gunwalker, this will make watergate look like the warm up band......)
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To: dragnet2

The Obama Marxist regime’s plan has worked. Obama has not failed! Folks, Obama is evil and he has to be defeated. So stop your damned bickering and get to work! Obama and his media and union minions must be sent packing!


4 posted on 11/17/2011 8:59:12 AM PST by Jukeman
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To: dragnet2

This is impossible. 48 percent of Americans pay no taxes! I guess those of us who do pay the taxes are considered Middle Class now.


6 posted on 11/17/2011 9:05:32 AM PST by napscoordinator
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To: dragnet2

Somehow the shrinking middle class isn’t a problem if only the wealthier were shrinking too, then it’d fine and dandy.

lol.

Of course if its rich leftists who are losing wealth, the NY Times would be calling for bailing them out.


7 posted on 11/17/2011 9:06:16 AM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: dragnet2

This ‘income gap’ meme is bollocks.

Income equality is available today...in Cuba.

We should seek activity (rising tide etc.) not some artificially-induced parity.

I know it’s the NYT but enough is enough.


8 posted on 11/17/2011 9:07:46 AM PST by relictele (Unions: organized crime with better PR)
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To: dragnet2

No doubt that the middle class is under pressure, but...

I suspect that if your read through the data, you will see that this study is focused on what were formerly big city middle class neighborhoods, going back to 1970.

This is less about income inequality than it is about the decline of industrial cities and a migration of their working populations away and out to the ‘burbs. It is a function of the changes in the economy away from heavy manufacturing toward a service and information-based economy.


12 posted on 11/17/2011 9:14:19 AM PST by SargeK
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To: dragnet2

Hardly surprising since more Americans have decided to sell their souls to go on socialist government assistance rather than improve their skill set to increase their income. I’m rather tired of paying for it.


20 posted on 11/17/2011 9:58:25 AM PST by theymakemesick
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To: dragnet2

this is the 5th year of democrat control

that takes its toll


22 posted on 11/17/2011 10:45:36 AM PST by sten (fighting tyranny never goes out of style)
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To: dragnet2

Liberal politicians wanted votes and control of private business. Do-nothings wanted what they couldn’t afford. Put both of these groups together and it equals financial disaster.


29 posted on 11/17/2011 11:50:50 AM PST by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: dragnet2

The fact that “poor” people are now living in neighborhoods that 40 years ago were “middle class” is a sign of rising living standards, not necessarily rising inequality.


33 posted on 11/17/2011 2:25:14 PM PST by riverdawg
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