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Tag: Middle Class


YouTube/AnothonyWeiner4Mayor

Anthony Weiner Announces NYC Mayoral Bid (Video)

In an attempt at a political comeback after accidentally sharing his sex life with the world through Twitter, the six-term congressman has decided to run for office again.

Posted on May 22, 2013 READ MORE



College: A Lesson in Inequality

Rather than bridging economic disparities between students, higher education seems to be widening them; although Google’s new customizable maps sound like a great idea, they filter out a lot of useful information; and although some would like to blame the collapse of the middle class on the Internet, truth is it was falling apart long before the World Wide Web. These discoveries and more after the jump.

Posted on May 20, 2013 READ MORE


The Disuniting of America

We come together as Americans when confronting common disasters and common threats, such as occurred in Boston on Monday, but we continue to split apart economically.

Posted on Apr 17, 2013 READ MORE



Image via Shutterstock

Why This Is the Worst Recovery on Record

The biggest economic debate is between Keynesians (who want more government spending and lower interest rates in order to fuel demand) and supply-side “austerics” (who want lower taxes on the wealthy and on corporations to boost incentives to hire and invest, and who see government deficits crowding out private investment). Both approaches have problems.

Posted on Apr 16, 2013 READ MORE


Ryan the Redistributionist

The Republican Party makeover is breathtaking. Now, suddenly, instead of accusing Democrats of being “redistributionists,” the GOP is posing as defender of the middle class against corporate America—and it’s doing so by proposing to do away with the most progressive piece of legislation in well over a decade.

Posted on Mar 12, 2013 READ MORE


Beachfront

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Posted on Jan 27, 2013 READ MORE


Golden Parachute

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Posted on Dec 29, 2012 READ MORE



Flickr/tiseb

Why the Fed’s Jobs Program Will Fail

For the first time, the Federal Reserve has explicitly linked interest rates to unemployment. Rates will remain near zero “at least as long” as unemployment remains above 6.5 percent and if inflation is projected to be no more than 2.5 percent.

Posted on Dec 13, 2012 READ MORE


Tax Cuts

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Posted on Dec 6, 2012 READ MORE


Wall Street Compensation

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Posted on Dec 3, 2012 READ MORE


Boehner Ball

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Posted on Nov 30, 2012 READ MORE



Kevin Cortopassi (CC BY-ND 2.0)

Where Has the British Paycheck Gone?

A new report by the Resolution Foundation shows that growth in disposable income for British families has tumbled to a meager 0.6 percent in the last decade after growing at an average rate of 2.7 percent during the previous half-century.

Posted on Oct 31, 2012 READ MORE


Back to the Future

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Posted on Sep 26, 2012 READ MORE



Gage Skidmore (CC BY-SA 2.0)

Romney Misses the ‘Middle Income’ Mark

After admitting to “Good Morning America” host George Stephanopoulos that he hasn’t read a Harvard professor’s report that he cites as justifying his economic plan, GOP presidential candidate Mitt Romney defined “middle income” as earning between $200,000 and $250,000 a year.

Posted on Sep 14, 2012 READ MORE



Packmatt (CC-BY)

Labor Day and the Election of 2012: It’s Inequality, Stupid

The most troubling economic trend facing America this Labor Day weekend is the increasing concentration of income, wealth and political power at the very top – among a handful of extraordinarily wealthy people – and the steady decline of the great American middle class.

Posted on Aug 31, 2012 READ MORE


Labor Day

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Posted on Aug 30, 2012 READ MORE


Shrinking Middle Class

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Posted on Aug 25, 2012 READ MORE


1 Spilled Milk

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Posted on Jul 9, 2012 READ MORE


Waiting for the Trickle

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Posted on May 30, 2012 READ MORE



The Case of the Missing Cuban Internet Cable

The promised $70 million project to quicken Cuba’s Internet connection speed was never delivered; German voters are on Angela Merkel’s side when it comes to the European economy; meanwhile, a vial with Ronald Reagan’s blood is being auctioned, along with one of Scarlett Johansson’s used tissues. These discoveries and more after the jump.

Posted on May 28, 2012 READ MORE



Think-N-Evolve (CC-BY)

A Tribute to One of Occupy’s Intellectual Predecessors

C. Wright Mills, the radical Columbia University sociologist who died 50 years ago at age 45, warned that America was becoming a nation of “cheerful robots,” corrupted by an economic elite and heading toward a third world war.

Posted on Feb 29, 2012 READ MORE  |  23 COMMENTS



jamiehladky (CC-BY)

Critical, Reluctant and Desperate

Something interesting happens when hardworking, fiscally minded Americans find themselves on the public dole: They resent the government that lends a hand and feel guilty for accepting help. A major article from The New York Times documents the anxiety, frustration and confusion of a growing class of dependent Americans.

Posted on Feb 12, 2012 READ MORE  |  10 COMMENTS


Romney Cares About the Middle Class

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Posted on Feb 7, 2012 READ MORE



Still from a CNN video

Mitt Romney Says He Is ‘Not Concerned About the Very Poor’

Taken out of context, it doesn’t come as a total surprise, and that’s the problem for Romney. It’s not the kind of sound bite the trust fund candidate wants on the record.

Posted on Feb 1, 2012 READ MORE  |  17 COMMENTS


Two-Party System

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Posted on Jan 26, 2012 READ MORE  |  3 COMMENTS



AP / Saul Loeb

Obama Aims State of the Union Address at the Working Class

During his State of the Union address Tuesday night, President Obama primed the electorate with a speech that cast him as a champion of the American middle class—a wise, albeit predictable move during a year in which he’ll seek re-election. In their response, Republicans timidly disagreed that the economy has improved under his watch.

Posted on Jan 25, 2012 READ MORE  |  12 COMMENTS


Mitt Worldview

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Posted on Jan 21, 2012 READ MORE


‘Left, Right & Center’: The (Elusive) Middle-Class Agenda

Republicans, start your engines. With the Iowa causues in the rear-view mirror and New Hampshire and South Carolina up next, the GOP primary field has pretty much narrowed to Mitt Romney, Rick Santorum and Ron Paul. What might the great minds of “Left, Right & Center” think of these presidential wannabes?

Posted on Jan 6, 2012 READ MORE  |  11 COMMENTS


Grand Old Pickpocket

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Posted on Dec 26, 2011 READ MORE


How the Speaker Stole Christmas

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Posted on Dec 22, 2011 READ MORE  |  1 COMMENT



BlaisOne (CC-BY)

The Making of the American 99% and the Collapse of the Middle Class

Until a few months ago, the 99% was hardly a group capable of articulating “the identity of their interests.” It contained, and still contains, most “ordinary” rich people, along with middle-class professionals, factory workers, truck drivers, and miners, as well as the much poorer people who clean the houses, manicure the fingernails, and maintain the lawns of the affluent.

Posted on Dec 17, 2011 READ MORE  |  46 COMMENTS



Lord Jim (CC-BY)

Latest New York Tax Reforms Disproportionately Benefit the Rich

Many in the media are touting a recent overhaul of the state of New York’s tax scheme as a sign of a new age of increased burden for top earners and a victory for the 99 percent. But close inspection reveals that such comparisons exclude the contributions of a soon to expire, 3-year-old “millionaires’ tax,” and the new codes favor the rich.

Posted on Dec 10, 2011 READ MORE  |  2 COMMENTS



Ohio AFL-CIO (CC-BY)

Chalk One Up for the 99%

On the evening of November 8th, Occupy Wall Street, the populist uprising built on economic justice and corruption-free politics that’s spread like a lit match hitting a trail of gasoline, notched its first major political victory in the unlikeliest of places: Ohio.

Posted on Nov 26, 2011 READ MORE  |  125 COMMENTS



Flickr / quinn.anya (CC-BY-SA)

America’s Middle-Class Neighborhoods on the Decline

As America’s middle class continues to diminish, it follows that the middle-class neighborhoods they once called home would shrink accordingly. Well, they are, finds a new Stanford University study, which charted changes in Americans’ living quarters since 1970. The results are sobering, if unsurprising.

Posted on Nov 16, 2011 READ MORE  |  6 COMMENTS



Kevin Dooley (CC-BY)

American Decline Is Crushing the Middle Class

Only 21 percent of all respondents in a new poll think the lives of their children will be better than their own.

Posted on Nov 2, 2011 READ MORE  |  20 COMMENTS



Flickr/_PaulS_ (CC-BY-SA)

Our Delusions of Grandeur Will Save the World

It’s easy to see that apathy among a subset of middle-class youth is turning to politicization, and the natural form of this politicization is protest against the neoliberal state’s slashing of the social benefits that created the modern middle class in the first place.

Posted on Oct 17, 2011 READ MORE  |  24 COMMENTS



Scott Tucker

Long Live the New American Revolution

The stitched-together movement that is overflowing from the Wall Street protest can have a huge impact if it holds firm against a malevolent corporatism and the political hucksters who dangle promises of “hope and change.”

Posted on Oct 8, 2011 READ MORE  |  60 COMMENTS



Flickr / doug88888

The Real Cause of America’s Debt Crisis

Over the past century, America’s rich made their millions and billions through the use of public assets shared by everyone. By virtue of those profits, they have not only a moral, but a rational obligation to pay more for the upkeep of public services. (more)

Posted on Jul 25, 2011 READ MORE  |  80 COMMENTS


Bernie Sanders, a Violin and the Disappearing Middle Class

In December, Sen. Bernie Sanders, I-Vt., made a noble attempt to filibuster against the extension of the Bush tax cuts. Predictably, his effort failed, and President Obama and members of the 111th Congress assumed responsibility for $858 billion in public money lost over the following two years.

Posted on Jul 23, 2011 READ MORE  |  8 COMMENTS


Eat the Poor

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Posted on Jul 10, 2011 READ MORE  |  3 COMMENTS



Flickr / gustaffo89

Gendercide and the Missing Girls of India

A study of the 2011 Indian census suggests that rising wealth and literacy rates are encouraging newly middle- and upper-class parents to abort their unborn daughters, as sons can be relied upon to inherit property and carry on the family name. (more)

Posted on May 29, 2011 READ MORE  |  5 COMMENTS



Scott Tucker

May Day: A Festival of Solidarity

This year, the May Day march in Los Angeles was notably smaller than in recent years, but still lively and militant. The year-by-year count of May Day marchers can never be an exact science, but the history of labor is full of surprises.

Posted on May 4, 2011 READ MORE  |  3 COMMENTS


‘Daily Show’: Bernie Sanders, No Chaser

Yes, Wednesday night’s “Daily Show” skewering of the Trump vs. Obama birtherversy was funny. You can watch it here. We’d rather focus on a more substantial segment from that show, featuring straight-shooting Sen. Bernie Sanders.

Posted on Apr 28, 2011 READ MORE  |  4 COMMENTS


Chris Hedges on the ‘Disintegrated’ Media, Cultural Illiteracy

In case it wasn’t clear from his columns, Chris Hedges is not optimistic about the state of American media and chagrined by the future of a culture in which “people don’t read anymore,” as he notes in this interview with Media Roots.

Posted on Mar 16, 2011 READ MORE  |  39 COMMENTS


Begging for Crumbs

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Posted on Mar 13, 2011 READ MORE  |  4 COMMENTS



AP / Karel Navarro

Obama Resolves to Fix the Economy

In his weekly radio address Saturday, President Obama committed himself in 2011 to improving the economy, creating jobs and strengthening the middle class. Here’s to a New Year’s resolution that hopefully won’t be broken.

Posted on Jan 1, 2011 READ MORE  |  8 COMMENTS



whitehouse.gov

Obama: Tax-Cut Deal Helps the Middle Class

In Internet-ese, one possible response to a couple of President Obama’s more intriguing justifications on Friday for the passing of the contentious tax-cut bill might be O RLY? This is because the president declared later that same day ...

Posted on Dec 17, 2010 READ MORE  |  21 COMMENTS


The Rich Get Going

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Posted on Nov 15, 2010 READ MORE


hoyer
Wikimedia Commons / U.S. Congress

Hoyer: Middle-Class Tax Cuts Might Need to Go

George W. Bush bought himself a little goodwill by instating some strategic middle-class tax cuts while he was president, but those are about to expire, and according to House Majority Leader Steny Hoyer ... (continued)

Posted on Jun 22, 2010 READ MORE  |  15 COMMENTS



AP / Petros Giannakouris

The Greeks Get It

Here’s to the Greeks. They know what to do when corporations pillage and loot their country. Call a general strike. Riot. Shut down the city centers. Toss the bastards out.

Posted on May 24, 2010 READ MORE  |  432 COMMENTS


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