“Real median household income reached its peak at $54,932 in 1999, 8.9 per cent above its current level, under President Bill Clinton and has not been below $50,000 since 1995. Under President George W. Bush, it fell to $52,778 by 2004 before recovering to reach $54,489 in 2007 and then sliding again in 2008.”
The Republican and Third-Way war against the middle class continues to be successful. The rich are doing better than ever, fueled by government policies that help them every turn, rushing to their aid with all manner of bailouts and financial gimmickry if a banker so much as sneezes.
For the middle class? Social Security and Medicare cuts to be agreed upon after the elections. Peas, cat food, and more of us declining into poverty.
When Elizabeth Warren says that we in the middle have been “chipped, squeezed and hammered”, she’s being polite. We’ve endured a chainsaw to the kneecaps, and they’re coming back for the elbows.
We need Warren in the Senate both to prevent Brown from (photogenically!) continuing to vivisect the 99%, but also as the start of a movement to put real Democrats, FDR Democrats, back in power. Our current Democratic president, for example, actually brags that he’s more conservative than Herbert Hoover.
Well, Hoover policies yield Hoover outcomes. And here we are.
Paul Krugman calls it a depression, and who can seriously disagree? And there will be no letup until we have people in Washington who fight for the 99%.
I wish Ms. Warren the best in winning a Senate seat. Let’s all do what we can to make sure that Massachusetts voters understand that she’s who we need in our corner of the ring. And let’s equally make sure that voters know that while Mr. Brown might look cuddly, he has toiled mightily as a good Republican to screw us over.