The Middle class is being eroded at an alarming pace in North America,what is to blame, Government?Big Business?Details?

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Listen to an explanation of how statistics have been manipulated to paint an economic picture that is not accurate. Thomas Sowell is a respected, prominent economist. youtube.com/watch?v=WrtoSx-NbLQ com/watch?

V=WrtoSx-NbLQ.

And from another noted economist, Dr. Walter E. Williams"What about claims of a disappearing middle class? Let's do some detective work.

Controlling for inflation, in 1967, 8 percent of households had an annual income of $75,000 and up; in 2003, more than 26 percent did. In 1967, 17 percent of households had a $50,000 to $75,000 income; in 2003, it was 18 percent. In 1967, 22 percent of households were in the $35,000 to $50,000 income group; by 2003, it had fallen to 15 percent.

During the same period, the $15,000 to $35,000 category fell from 31 percent to 25 percent, and the under $15,000 category fell from 21 percent to 16 percent. The only reasonable conclusion from this evidence is that if the middle class is disappearing, it's doing so by swelling the ranks of the upper classes. http://townhall.com/columnists/walterewilliams/2007/12/05/income_mobility/page/full/ com/columnists/walterewilliams/2007/12/05/income_mobility/page/full.

Give us statistics showing the poor class is growing. Thomas Sowell and Walter E. Williams are respected economists who gave statistics showing just the opposite.

What figures are you bringing to the discussion that contradict their articles? If it is only the left wing talking points don't bother. Bring substance or don'ty waste our time.

What you showed was 4 and 5 years old,how about something no less than 2 years old. Don't waste your time? My that sounds a little nasty how about showing us statistics no less than 2 years old or don't waste our time.

Squeeky-changes-suck 5 months ago .

Found this pretty quick,the poor class is growing but by all means put on your rose colored glasses and look the other way....http://www.globalresearch. Ca/index. Php?

Context=va&aid=14910 Squeeky-changes-suck 5 months ago php? Context=va&aid=14910.

You are as unaware, IMO, of how the economy works as many of your liberal comrades. You seem to believe that putting a band aid on a ruptured artery is the way to save the patient. Bandaid after bandaid won't stop the bleeding.

When the body is covered with hundreds of bandaids it is hard to tell where the problem is. Fix the problem and you can remove the bandaids and see what the source is. The housing problem was caused by the government trying to put more bandaids, onto the injury they inflicted, to stop the bleeding.

The problem is that they didn't understand that they were the source of the bleeding. The intentions were placed in front of the results. That is a problem many political liberals share.

How did this get back to the economy the question was about a shrinking middle class and who was to blame,now the housing failure wasn't Obama's Goverment,it was your beloved conservitives steering the boat when that hit the fan. And your right about me being unaware of how the economy works thats cause I'm just a truck driver,but to say the middle class is just fine,shows the rest of us how unaware you are of the ecomomy as well. Squeeky-changes-suck 5 months ago .

Maybe that is what is wrong with you and your comrades. Cause and effect are important. Not knowing how the economy works has nothing to do with being a truck driver.

I know some very smart truck drivers, and I believe they are representative of truck drivers. The reason you don't understand the economy, IMO, is because you are a liberal.

I understand that many liberals don't look at history and repeat the mistakes of the past. Four and five years ago people were complaining about the demise of the middle class just as they are now. That nonsense has been spouted for decades.

It wasn't true then and it isn't true now. The middle class, along with all economic classes have taken a hit. To think otherwise is juvenile.

Also, many speak of the "rich", "poor" and "middle class" as if they are the same people year after year and decade after decade. People move in and out of the economic classes every year. There are few chronically poor people in the US.

Our middle class was an unsustainable configuration in a global economy. We once had millions of manufacturing jobs that payed middle class waged. Those jobs are all gone now and we are basically a service economy.

These closed down factories that once made shirts, socks, tires, etc. are scattered throughout the country. And now all of that stuff is made overseas. The America people are going to have to come to grips with a lower standard of living.

The middle class we had come to expect since WWII was an artificial situation. Since our dollar is the world's reserve currency we could print money and sustain a level of consumption that exceeded production. Finding someone to blame is not a useful exercise.

It happened. Properly placing blame doesn't change anything. If you have to find an advantage of the disappearance of the middle class for someone it might be government.

A vast increase in the poor class means a vast increase in people that are dependent on the government. More voters if you promise to give them something. It would appear that the democrats are secretly excited about the loss of the middle class.

They do seem to be the party that is always playing some majority percentage of disadvantaged people against the smaller percentage of wealthy people. As soon as they get most people into the lower class all they have to do is change the definition to 'middle class' and they magically fixed everything.

Thanks! Squeeky-changes-suck 5 months ago .

The middle class becomes poor, then there's more money for the wealthy because we all know that poor people are called "poor" because they don't have any money. The wealthy own everything and the poor own nothing to speak of and since the wealthy own it all, the poor keep giving it to the wealthy who get wealthier. Or as that old saying goes: The rich get richer and the poor get poorer.

It's those damned middle class people that keep trying to screw things up by keeping the money out of the hands of the wealthy. Do away with them - no problem.

Ahh that explains it,the wealthy consider the middle class a threat. Thanks! Squeeky-changes-suck 5 months ago .

You have to look at why it is dissapearingm. ( Why was it working before? ) I see government involvement being a big factor.

Businesses are in business to make money, so profits are important. Yes, there is greed in corperate America. That has not destroyed the middle class, it may have put some companies out of business.

It has to do with the wealth pie. I heard on the Tavis Smiley broadcast this afternoon that the bottom 80% 0f American society is currently sharing a mere 10% of the country's wealth. The situation has deteriorated to the point that we now have mass nationwide demonstrations.

The tprs duped into accepting the ludicrous notion that the decline in their standard of living was due to the profligacy of "big government" and greedy civil servants, are now witness to a movement that points the finger of blame where it belongs. The country is gradually becoming aware of the fact that the class that waxes fat while the rest of us fight over that 10% of the pie, ( let's call them the ruling class) in effect own the government. Through lobbyists with bags of cash and the promise of large campaign contributions, both houses of congress have been reduced to corporate brothels where legislation is routinely enacted that is clearly against the public interest.

Now that the supreme court has taken the scandalous position that the government should indeed be for sale, what defense remains for the rest of us? .

Sounds about right. Squeeky-changes-suck 5 months ago .

From what I heard on TV today the upper, highly paid group are basically moving figures (wheeling and dealing) and not producing goods. They have cornered the money market to their advantage without contributing anything that people can use or benefit from. There was an example given of Henry Ford who paid his workers well so they could afford to buy his product.

It worked fine. However, in current situation the company brass are cutting every corner they can including laying off people who in turn cannot afford to buy food or much else. So the economy stagnates.

I'm all for a return to producing our own products. We export our timber across the border, or across the seas, and in turn we import the same wood in fine furniture that we could just as easily produce here and give people jobs. In the short term outsourcing of goods means they are produced more cheapily, however if it means depriving someone of their livelihood, then WHO is the loser in the long run?

Not the entrepreneur whose only concern is profits, so while he is benefiting from it, the ordinary people are the ones who pay the price in the long run. It's was we are seeing now. I'm no economist, it's just my humble opinion.

;-) .

The middle class continue to spend, spend, spend just like there will be a great heavenly check in the mail...their kids still park their BMW's and Porches and Mustangs in the parking lot at school, pay 500.00 per night for the Lemo for the high and sometimes Junior high prom, Mom is still shopping at Saks, Neimans and Bergdorf Dad is usually paying 700.00 for a ticket to the Cowboys or whatever team it is, Living in a 5,000 sq. Foot house in the "right " part of town. All the while they are squalling about the Wealthy upper crust who should sell all they have and give it to them so they can take that trip to see about a vacation home in St Croix. When all of the sports are taken out of the schools, and they go back to teaching how to read, write and add, and all of the professional teams shut their doors and we go back to watching local dads and sons play at the park, I will get concerned about what happened and who to blame for the demise of the "middle class" .

Thanks for sharing your view. Squeeky-changes-suck 5 months ago .

It's "dilution"..... The U.S. has an untenable standard of living as/per a global scale.. Due to globalization, if we are to compete, the middle class will have to dissapear, and a vast peasant/slave class take it's place...Oh, some folks will get lucky, and may remain/become "middle class" through good fortune, or some kinda skill as a gladiator.. But, it will be merely a notch above the masses, and temporary..

They need a revolution in the States and one is at Wall Street as we speak! Perhaps we need to rename the classes..the super rich, the very rich, the rich and the stuffed rest of us! Jexebellion 5 months ago.

Thanks!Chow. Squeeky-changes-suck 5 months ago .

The painful irony is that a few years back, the government was trying to augment the middle class by increasing home ownership with those amended loan rules for Fannie Mae and Freddie Mac. But those were very stupid rules for any monetary loan and the result was, actually, flushing government money--taxed from the middle class--down the toilet. Now the middle class hasn't that money, hasn't improve infrastructure that could have bought, hasn't the business-friendly rules that could have bought, hasn't the educational programs that could have bought, but DOES still have the loan and the interest costs on that money their taxes are still paying for.

It was such a profoundly egregious government screw-up that some have pointed out evidence that this was done on purpose. I won't say here whether our government was evil or incompetent. I will say the answer to your question is the government did this.

True,but realize that what you are talking about ,wasn't Obama's government. Thanks! Squeeky-changes-suck 5 months ago .

The government I'm talking about was OUR government. We elected one fruitcake who started it, then we elected another fruitcake who continued the exact same policies. Guilt for everyone!

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Well, the government gets the big campaign donations from the wealthy. The wealthy own big businessthe wealthy have less competition in the concentration of wealth.

Not the entrepreneur whose only concern is profits, so while he is benefiting from it,the entreprenuer feels it because he has no customer base left. It's the money jugglers who don't feel the pain; because they can afford to undercut the entreprenuer and drive him out of business.

Very true. Squeeky-changes-suck 5 months ago .

If a person doesn't buy alot....they may not feel affected as much.

True to a point,but we all need clothes,food,and a roof. Thanks! Squeeky-changes-suck 5 months ago .

We need a strong middle class in America. The middle class is the values class, the class that establishes our national identity as a people capable of upward mobility, of passing along to our children better opportunities than we had. You need to look at the youtube video of Professor Elizabeth Warren when she spoke at Berkley in 2007. Then after you watch it, ask yourself, why in the world didn't Obama make this woman the head of the Consumer Financial Protection Agency?

It boggles the mind. Be.

" (10 answers) "The middle class in North America is eroding at an alarming rate,some people think it's because alot of the,DETAILS...

The middle class in North America is eroding at an alarming rate,some people think it's because alot of the,DETAILS...

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.