Wednesday, June 4, 2008

Economist's View: "The Coming Collapse of the Middle Class"

This lady is smart and has got the facts to justify her conclusions. It is well worth watching and especially for those who may consider themselves safely imbedded in the middle class. Though i suggest you just skip the intro which is a requirement of the 'Jefferson Lectures' but not a part of this talk.
The U.S. middle class has been under intense economic attack for over thirty years and it is usually attributed to the lower class doing the attacking. "Those people are dragging us down." or maybe: Sucking the life blood of those of us with a steady salaried job and then even questioning the middle class most sacred values such as... God's resting place: suburbia.
We'll their is no doubt the attack is going on and it is very effective but it really is the transfer of the economic burden from the corporations and the upper class to the middle class. And to the extent that the former functional middle class is becoming extinct. And yes, i am old enough to remember when they told us and frequently their are no class distinctions in America. Though i have to admit i forget what they said was the diff between the guy driving the Caddy and the guy pumping the gas. Most people just kept it simple and said $$$ so their was no classes back then just money. Gee, now i understand.
This is all very subtle as we are continually told it is the poor and the immigrants which are causing the middle class it's pain. But looking at it from the figures the government compiles and then prints in VERY small print. The economic stress on the middle class has actually developed by transferring burdensome expenses from the... upper... class to the remaining or dwindling middle class. And to the point the middle will actually disappear. Though unfortunately not their beer and burger bellies which the males will be allowed to retain as a reminder of their hay days.
This lecturer is predicting that soon... if it hasn't already happened their will only be two definable classes.... the working (poor) class and the very rich (elite) upper class. People may not realize that traditionally the definition of middle class was the managers, self employed professionals and shop keepers. The rest of us fitted into the working class which also had some economic definitions. We'll the middle class definition has been morphed and from a smudged image we now are experiencing a actually disappearing middle class.
And though unstated here amongst all these charts and numbers the middle class was 'mentally and emotionally" defined as white, with rarely apparent sexual 'deviations' and who loved their home and the 'two' children. This also indicated they where Christian 'Protestant' based. "My God! do 'those people' ever do anything but breed?" with reference to the Catholics. They (middle class) where also expected to have descend from northern European ancestors so of course they did not eat allot of garlic or onions and which also made everyone but them have darker and smelly skin. Is any of this true or factual? What's that got to do with fear and loathing in suburbia? When you are painting a pastoral landscape you sure don't put the slaughter house in the forefront.
And of course in middle America when not mowing the lawn Dad was polishing the car while also barbequing burgers as the kids shot hoops in the driveway. And this was all taking place in the safe new concrete and plastic America where neither the mex's or blacks dared roam.
Is the middle class as races as the defined 'working class'? We'll when it comes to neighbors the 'middle class' will move fifty miles from the work site so they don't have 'them' for neighbors. Am I implying these folks are evil? Not abit! But they are biased and fearful and trying to improve themselves and their living environment and in the process it can get pretty twisted at times. And did all that 'getting ready' education for joining the middle class smooth the rough edges? No, but it got us corporate jobs and good ones too. We'll until the U.S. corporation started turning into flight cadets or more recently... corpses.
I recall my mother telling me that when she was a kid no one wanted to live with the 'dirty Irish'. Irish was apparently always prefaced so she grew up thinking their was only one kind of Irish. 'dirty and poor'. She was resentful that people had seen her that way but she also would then smile when telling this story and say. "Well, of course we where both!" Also, my mother didn't drink but the rest of the relatives didn't hold it against her as it just meant more for them as they sat and babbled into delirium. One of my uncles once said: Gaelic is what you hear when two drunken Irishman are trying to talk and it has became such a national pass time they now call it a language.
Will we soon see any of these facts regarding the middle classes shabby underside reported on Fox media? Since Fox media viewers is mostly composed of people in economic pain and looking for simple solutions that don't involve questioning their economic betters. I just don't think we will be hearing about this on AM talk shows.
Oh, just so we all know..... the upper class would not be caught dead listening to Rupert's Murdock's "propaganda for the losers". Or so i have read is the way the upper class views Fox Media and it's listeners.
And though the speaker at this forum did not mention it as i believe it took place before the recent big spurt in gas prices, i think we will soon begin to see the true visible definition of upper middle class as well as the wealthy class. As 'our betters' (I'm expecting the term to be revisited) will continue to drive SUV's and expensive pick up's while the rest of us the "sinking scum" will be sitting in anything that gets us from A to B the cheapest.
And since middle class is some times equated with that expensive education for mom and dad aswell as the kids and of course the pay off ...the stuffed box with the 30 year adjustable. But it now seems it didn't prepare us for being scammed by the investment banks and anyone else who had a plan to bleed us dry.... And that's before sending the sheriff to evict us from heavens gate...Suburbia.
Thank you, John L. for sending this along as this is info 'they' would prefer that we didn't know.

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