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Topic: The Myth of a Stagnant
Middle Class |
The Myth of a Stagnant
Middle Class
Wall Street Journal, by Donald Boudreaux and Mark Perry
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Original Article
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Posted By:Desert Fox, 1/23/2013 9:31:17 PM
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A favorite "progressive" trope is that America´s middle class has stagnated economically since the 1970s. One version of this claim, made by Robert Reich, President Clinton´s labor secretary, is typical: "After three decades of flat wages during which almost all the gains of growth have gone to the very top," he wrote in 2010, "the middle class no longer has the buying power to keep the economy going." This trope is spectacularly wrong. It is true enough that, when adjusted for inflation using the Consumer Price Index, the average hourly wage of nonsupervisory workers in America has
Headline corrected by Staff.
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Reply 1 - Posted by:
truthfetish, 1/23/2013 10:12:02 PM (No. 9135459)
Full title is "The Myth of a Stagnant *Middle Class*"
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Reply 2 - Posted by:
KTWO, 1/23/2013 10:29:18 PM (No. 9135478)
This article is about definitions and how quality has improved. It is useful but not very important at the moment.
It is the size of the middle class that counts. What is the trend?
By definition those in the middle class you are probably doing OK. Maybe not great, but OK.
Yet many in that MC sense they won´t be there too much longer. They stare into the abyss and see a life on the dole.
And many, many young people see that when they exit college or even high school they cannot, and may never, get the job they need to be MC.
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Below, you will find ...
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Most Recent Articles posted by "Desert Fox"
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Posted By: Desert Fox- 5/23/2013 6:21:11 AM
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Talk about art imitating life. I landed upon a classic movie while surfing TV channels. Kirk Douglas played a down-on-his-luck news reporter. When I began watching the movie, a man named Leo was trapped in a collapsed cave. Douglas managed to crawl within a few feet of Leo and was chatting with Leo, assuring the scared man that he would be rescued ASAP. But secretly, Douglas had other plans. Keeping Leo trapped for at least seven days could revive Douglas´s career. He had exclusive access to Leo. Writing daily updates could produce tremendous financial rewards;
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Posted By: Desert Fox- 5/23/2013 6:12:55 AM
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Over the weekend, I saw an article by Heather Long complaining that Obama has turned out to be a lot like Bush: "This isn´t the president so many took to the streets to cheer on in 2008. And the blame for that can´t be placed solely on partisan politics or the media´s thirst for a good scandal." Miss Long reminisces about the excitement of election night 2008. She saw people in the streets celebrating the coming of Obama. She recalls the anticipation of a new day, here, there and everywhere. Well, I also remember election night 2008.
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Posted By: Desert Fox- 5/22/2013 10:09:54 PM
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Film and television stars hit Republicans on Wednesday for their opposition to abortion rights and free access to birth control. Stanley Tucci, Morena Baccarin, Mehcad Brooks and others appeared in a Web video where they slammed conservative positions on women´s health as retrograde. The international Center for Reproductive Rights (CRR) is behind the multi-stage campaign to push President Obama to make women´s health issues a centerpiece of his second term. The group is also raising support for its Bill of Reproductive Rights.
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Posted By: Desert Fox- 5/22/2013 10:08:27 PM
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As the old saying goes, beware of Greeks bearing gifts; but as the new saying goes, beware even more of Republicans bearing bribes. In either case, one could get destroyed (or at least corrupted) from the inside by trusting the wrong people. Since 2006, with the beginnings of the breakaway of populist conservatives from the national Republican Party via the Tea Party movement, the GOP has been trying to figure out how to co-opt and capture it once again, just as George W. Bush did with many elements of the conservative movement in the early years of the 21st century.
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Kathleen Sebelius, Meet Oliver North
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Posted By: Desert Fox- 5/22/2013 8:14:58 PM
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Major news outlets in recent days have reported that U.S. Department of Health and Human Services Secretary Kathleen Sebelius is raising money from the private sector—including from health-care executives—for use by a private entity that is helping to implement ObamaCare. The entity, Enroll America, is run by a former White House aide. The Washington Post quoted an HHS spokesman last week saying, "We requested additional money [from Congress] . . . but we didn´t receive any additional funding for the exchanges. So we had to come up with Plan B." My immediate thought was: Isn´t "Plan B" what got
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Wall Street Journal, by Editorial
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Posted By: Desert Fox- 5/22/2013 8:05:44 PM
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Every day brings new revelations about who knew what about the IRS targeting conservative groups during President Obama´s re-election campaign, but the overall impression is of a vast federal bureaucracy run amok. While the White House continues to peddle the story of a driverless train wreck, taxpayers are being treated to a demonstration of the dangers of an unwieldy and unaccountable administrative state. Look, Ma, no hands! In his press events, Mr. Obama has said that while he learned about the Cincinnati rogues on the news, he plans to "hold accountable those who have taken these outrageous actions."
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Posted By: Desert Fox- 5/22/2013 7:47:15 PM
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Scandal Watch: New evidence makes it clear that the Internal Revenue Service campaign against conservatives wasn´t the result of two "rogue" agents, but was directed from higher up. The question is, how high up? The claim that a couple of workers in the bowels of an IRS office in Cincinnati managed to block tax-exempt applications from conservative groups for more than two years, while subjecting them to outrageous, intrusive and improper requests for information, started falling apart days ago. Last weekend, the Washington Post quoted a staffer saying that "everything comes from the top" at the IRS.
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Posted By: Scottyboy- 5/22/2013 6:06:40 AM
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Former Rep. Anthony Weiner, whose career in public life came to an abrupt end when he sent lewd pictures to a college student on Twitter, jumped back into politics on Wednesday by announcing a bid for mayor of New York City. “Look, I’ve made some big mistakes and I know I’ve let a lot of people down,” the Democrat said in a 2-minute video announcing his bid. “But I’ve also learned some tough lessons. I’m running for mayor because I’ve been fighting for the middle class and those struggling to make it for my entire life.
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A Crack in the IRS Dam
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Power Line, by John Hinderaker
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Posted By: Dreadnought- 5/21/2013 10:50:44 PM
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The dam protecting the IRS scandal began to crack today when Lois Lerner, the IRS official who announced, and apologized for, the improper singling out of conservative-leaning organizations by IRS employees under her command, announced through her criminal defense lawyer that she will not testify as scheduled tomorrow before the House Oversight Committee. Rather, she will assert her Fifth Amendment right against self-incrimination. This marks an enormous milestone in the IRS investigation. It can now be taken as more or less established that crimes were committed by Obama administration employees. Lerner’s lawyer tried to minimize the significance
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WCBV-TV [Boston], by Staff
Original Article
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Posted By: earlybird- 5/22/2013 7:21:44 AM
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One of two men allegedly being questioned in connection with the Boston Marathon bombings was shot and killed by an FBI agent in Florida on Tuesday, (Snip)A friend of Ibragim Todashev said he and Todashev were being investigated as part of the Boston bombings. He said Todashev, 27, knew bombing suspect Tamerlan Tsarnaev because both were MMA fighters. The man claims he and Todashev were interviewed by the FBI for nearly three hours on Tuesday. The friend said he left the interview, and when he came back to the apartment he found that there had been a shooting.
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Criminality Appears To Lie at the
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New York Sun, by Lawrence Kudlow
Original Article
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Posted By: FlyRight- 5/23/2013 5:59:27 AM
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When you get right down to it, the political targeting and stalling of tax-exempt applications by the IRS was an effort to defund the Tea Party. Rick Santelli, one of the Tea Party founders and my CNBC colleague, was the first to make this point. I’ve taken it a step further: The IRS was taking the Tea Party out of play for the 2012 election, as it looked to avoid a repeat of 2010 and another Tea Party landslide.There are a lot of numbers out there.
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Top IRS official will
invoke Fifth Amendment
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Los Angeles Times, by Richard Simon and Joseph Tanfani
Original Article
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Posted By: Scottyboy- 5/21/2013 3:53:35 PM
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WASHINGTON – A top IRS official in the division that reviews nonprofit groups will invoke the Fifth Amendment and refuse to answer questions before a House committee investigating the agency’s improper screening of conservative nonprofit groups. Lois Lerner, the head of the exempt organizations division of the IRS, won’t answer questions about what she knew about the improper screening – or why she didn’t reveal it to Congress, according to a letter from her defense lawyer, William W. Taylor 3rd. Lerner was scheduled to appear before the House Oversight committee Wednesday.
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Lois Lerner´s Brief And
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NPR, by Frank James
Original Article
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Posted By: JoniTx- 5/22/2013 10:21:38 PM
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The public got its first look Thursday at Lois Lerner, who has gone from faceless IRS bureaucrat to the face that launched what feels like 1,000 congressional hearings and conspiracy theories. But it was only a brief sighting since she didn´t stay long at a House hearing to further probe her role in how some IRS workers came to target conservative groups seeking tax-exempt status. (Snip)She did make a short statement to declare her innocence, however. Lerner´s motivation was more transparent than much of what the IRS has done in connection with this controversy. She was determined to
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Why was the Department
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American Thinker, by Sally Zelikovsky
Original Article
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Posted By: magnante- 5/23/2013 8:09:21 AM
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What´s so interesting about 60 tea partiers protesting the IRS in San Jose, California on Tuesday, May 21st? The fact that this bit of information was conveyed to the protesters by a Department of Homeland Security officer who was also in attendance. What was a DHS agent doing at the San Jose Tea Party protest? (snip) they weren´t just spying on us in San Jose and monitoring us in San Francisco, they were watching us throughout the entire state
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