Monday, February 21, 2011

"Economic Recovery" Is The Middle Class In Danger Of Being Left Behind?

Being firmly entrenched in the middle class I can tell you that yes we are in trouble.  There is a war on the middle class and we are losing.

This is a great article that shows many indicators that things are not as good as they seem.

18 Sobering Facts Which Prove That The Middle Class Is Not Being Included In This “Economic Recovery”

Have you heard the news? The stock market is absolutely soaring and according to the U.S. government and the Federal Reserve we are in the beginning stages of a robust economic recovery. Yippee! The S&P 500 is up 6.8 percent so far in 2011, and the stock market recently hit a two and a half year high. So shouldn't we all be celebrating?

Well, if stock market performance was an accurate measure of economic health, then Zimbabwe would have had one of the healthiest economies on the entire globe during the last decade.

But just like Zimbabwe's stock market was artificially pumped up with "funny money" that was rapidly being devalued, so is ours. All of the "quantitative easing" that the Federal Reserve has been doing is pumping plenty of money into the financial markets and is helping to inflate a false stock market bubble, but it is doing very little to alleviate the suffering of the U.S. middle class. In fact, when you take a closer look at the numbers you quickly find out that the suffering of the middle class is getting even worse...

Original Article

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