Comments | the_recession: Middle Class Death Watch -- 33 Frightening Economic Developments

nebris in the_recession

Middle Class Death Watch -- 33 Frightening Economic Developments

Sep 19, 2011 02:04

By David DeGraw, Amped Status
Posted on September 18, 2011
Via Alternet

( Downward mobility, homelessness spreading to the middle class, 200,000 public employees laid off? Here are some frightening trends to keep an eye on. )

societal breakdown, macroeconomics, initial jobless claims, government spending, outsourcing, the |_____ club, freddie mac, bankruptcies, homelessness, corporate profits, monetary policy, deficits, 52 week lows, mortgage delinquency rates, banking sector, unemployment, fannie mae, economic collapse, commodities, panics, 'capitalism', social safety nets, living within one's means, survivalism, the lost decade, 50 state slump, deleveraging, civil unrest, starve the beast, home prices, debt, financial crisis, national debt, food shortages, business cycles, barack obama, mortgage defaults, unions, healthcare, austerity measures, global financial trainwreck of 2007-?, obamanomics, foreclosures, income inequality, deflation, california, dollar destruction, debt to gdp, credit crisis, federal reserve, unemployment rate, economic shocks, credit cards, class war, consumer lending, obama administration, small businesses

Comments 3

underlankers September 19 2011, 16:59:49 UTC

After 30+ years of stagnating real wages, escalating prices, and increasing gap between rich and poor, the idea that this surprises anyone indicates some profoundly skewed and dangerous problems of the US concept of both democracy and society as a whole. The economy was able to ignore these problems immediately after the end of the Cold War due to still being larger than all the rest, but this can no longer be sustained and may in fact do in the United States' overall economy in a process similar to what the Standstill did in the Soviet Union. My, irony bites hard....

cieldumort September 20 2011, 00:43:32 UTC

I think you missed a tag ;)

nebris September 20 2011, 05:57:30 UTC

=)

~M~