Tuesday, May 4, 2010

Media Bias and the Collapse of the Middle Class


Mybudget 360 has a good article on the disproportionate and continued effecte of the depression on the poor and (lower to middle) middle class. The article is worth reading. Here are a few excerpts:

"...Over 6.5 million of the 15 million unemployed Americans have been out of work for 27 weeks or more. As a percent, this is the highest number of long-term unemployed we have had since the Great Depression. What is not discussed in this recession is the working poor and middle class have taken on the burden of this financial calamity disproportionately.

We are not all in this equally. When was the last time you heard on the mainstream press that 40 million of your fellow Americans are now receiving food assistance? And when was the last time you heard that jobs for the middle class are still largely disappearing?..."

The article contains quite a few charts that demonstrate conclusively that for the poor and middle-class---tha majority of the populace--this is and continues to be a Great Depression with no clear trajectory for improvement...

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