What propaganda. They should be ashamed but they aren't. When you actually read it you see the middle class has gained nothing. However the title looks great. It lies but hey, anything for Obama!
It depends on how your assets are invested.
If you have the bulk of your money in stocks and bonds, you should be way ahead of 2008. I certainly am.
If you are relying on the value of your house and your savings account at the bank, then you are probably not doing very well.
Prove it.
The only reason the stock market is still alive is because of obomas monopoly money. We're headed for a crash so big, and is going to hit us so fast, the politicians are going to be standing around dumbfounded with their mouths hanging open. The "economy" we have is all a fake.
The bonds are going to crash - no slave labor to back them up. The commodities are going to crash. We're going to see commercials buying up silver the way we saw for gold. Housing is back on the same destructive path, because people who couldn't afford them before are buying them back up again. When all the others crash, food is going to skyrocket, and we'll be living in a calorie economy. People will be throwing their cankered gold and silver into the street.
The labor force SHRANK by 130,000. Worse...the labor participation rate dropped by another 1-10th of one percent to 63.5%. Which means of non-institutional persons, the workforce number keeps coming down to make the numbers wash.
Socialism does not work. An nation cannot survive when the majority of it's population does nothing but consume. It's the destroyer of nations, and a destroyer of souls.
my stocks recovered and resumed their historical upwards trend years ago.
Those like me that just held, have made out well.
So in other words $16,000,000,000,000 in wealth has been transferred from the middle and lower classes to the upper class.