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Pope Peabrain 1
Republicans, with their usual disregard for facts, have continued since then to unravel the New Deal for their rich friends. Who, btw, are doing better than ever.
Posted by Pope Peabrain on February 18, 2013 at 7:01 AM · Report this
rob! 2
Well. It's good that "new research" and the Seattle Times have finally recognized the blindingly obvious.

Mother Jones published an article about this at least twenty-five and probably thirty years ago, during the Reagan recession, and it's governed my expectations and planning ever since.

Not that I'm hugely better off for it. A couple of times I avoided following the herd stampeding to giddy calls of endless growth, only to run off a cliff. Always assumed that Social Security would eventually get picked apart for no good reason.
Posted by rob! on February 18, 2013 at 7:04 AM · Report this
It seems "starve the beast" worked so well that soon we'll all be starving.
Posted by Lumpmoose on February 18, 2013 at 7:06 AM · Report this
Joe Szilagyi 4
All according to plan.
Posted by Joe Szilagyi on February 18, 2013 at 7:22 AM · Report this
GeneStoner 5
Ah, socialism...

It works great until you run out of the other guy's money.

Thanks Democrats; You are SO smart.

Thanks Eli; You are wise.
Posted by GeneStoner on February 18, 2013 at 7:54 AM · Report this
@5 "It works great until you run out of the other guy's money." We don't meet the 2nd clause since "the other guy" isn't running out of money, according to the article: "Although the surging stock market is approaching record highs, most of these gains are flowing to well-off Americans who already are in relatively good shape."

The fundamental problem with the shrinking middle class is that the bulk of the wealth is traveling upwards. And it's getting worse over time:… see especially: File:IncomeInequality9b.svg">…
Posted by Lumpmoose on February 18, 2013 at 8:20 AM · Report this
Whoops, it ate my 2nd link: (goes to Wikipedia)
Posted by Lumpmoose on February 18, 2013 at 8:23 AM · Report this
Investment tip: Find out which company will win the bid to build all of those "retirement dorms" that will be necessary to warehouse the tens of millions of our population that can no longer find the means to survive.
Posted by jeffinfremont on February 18, 2013 at 8:26 AM · Report this
"Financially well off" does not equal "better off".
Posted by DOUG. on February 18, 2013 at 8:28 AM · Report this
Supreme Ruler Of The Universe 11

I'm better off than my Dad because he's dead.
Posted by Supreme Ruler Of The Universe http://_ on February 18, 2013 at 8:42 AM · Report this
@9, no kidding. My parents were never bothered about money especially, but were a couple of neurotic wrecks about life in general. They died pretty young and with shot nerves.

My financial situation isn't much better than theirs was, but holy shit, modern life has given me SO MANY more tools to walk through all the good and bad of existence. I often wonder how much joy they could have recovered if they'd been able to pursue even a few of the remedies modern life has set in front of me.
Posted by gloomy gus on February 18, 2013 at 8:44 AM · Report this
@9 - Yes, there have been studies done showing that, proportionally, there is not a great difference in happiness for people making 50,000 dollars or 500,000 dollars a year. There sure as shit is a proportional happiness increase for people making 5,000 vs 50,000 dollars a year. The issue is that more and more people are sliding towards survival/the poverty line, which definitely affects quality of life.
Posted by goodjobguy on February 18, 2013 at 9:04 AM · Report this
JonnoN 14
@5 if we wanted stupid untrue platitudes; we would watch fox news.
Posted by JonnoN on February 18, 2013 at 10:05 AM · Report this
Urgutha Forka 15
What @4 said.

Republicans want... no, NEED people to be suffering, angry, and terrified. That's the only way they can get elected on their platforms of "here are your scapegoats: (insert minority group), they're to blame for your problems, vote us in and we'll crush them."

Same with evangelical christians (which goes along with republicans). They need suffering, they welcome it, they see it as "god's wrath" and the coming apocalyse.

Republicans, conservatives, teabaggers, evangelicals... look at everything they do - it's all to elevate more anger, more sadness, more distrust, more fear, more pain and suffering. I can't believe so few people recognize what they're doing.
Posted by Urgutha Forka on February 18, 2013 at 10:39 AM · Report this
Knat 16
@15: I think lots of people recognize that as their only goals. That's why we hold our nose and vote for the largely spineless bunch of boobs that have a "-D" after their name.
Posted by Knat on February 18, 2013 at 11:36 AM · Report this
Cato the Younger Younger 17
@16 Obama is more than willing to cut Social Security by chaining it to the CPI. It's part of his desire for a "legacy" I mean he isn't going to need SS when he retires. He's got his scratch coming to him..
Posted by Cato the Younger Younger on February 18, 2013 at 12:51 PM · Report this
Karlheinz Arschbomber 18
@15 + @16. totally. The Ds are spineless shit against the R visceral evil. FreedomLand® is just plain fucked.
Posted by Karlheinz Arschbomber on February 18, 2013 at 1:39 PM · Report this
Bauhaus I 19
My parent mortgage payment on a 3-bedroom home on one acre of land was $107/mo. starting in 1961. That's $810 in today's dollars.

No one except the well-off are doing better than their parents. Prices are way out of whack. It's expected during periods of severe inflation. But during inflation, wages usually rise, too. That's not happening.

With globalization and having to compete with people making $3 a day, I don't see any solutions. But it is very clear to me and most of the people I know that the standard of living in this country is falling while corporate profits have never been higher.
Posted by Bauhaus I on February 18, 2013 at 6:05 PM · Report this

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