Social Issues

Submitted by Michael Snyder via The End of The American Dream blog,

The American middle class is getting poorer. Wages have been stagnant for decades - if jobs can be found to get those wages. Jobs are exported overseas by big corporations. Small businesses get harassed with taxes and big government red tape. There are bailouts to central bankers to the tune of trillions while Main Street businesses go bankrupt. Endless QEs have propped up ‘their’ stock market, largely owned by the 1 percent. The rich are getting fabulously richer while a record number of people are on food stamps.

One appeals to fear and hate; the other just goes about his business to try to help humanity. This is their intertwined story.

I don't understand how longtime Republicans have let a super-conservative, ultra-religious, anti-science, anti-education, anti-government, anti-fact fringe element take control of their party without managing so much as a murmur of disagreement.

Over six years ago this website made a simple prediction: as a result of the Fed's disastrous policies designed to make the rich richer beyond their wildest dreams, the US middle class - the growth dynamo behind America's economic power for over a century - is on its way to extinction.