Tag Archives: Middle-class

Things the President Left Out of His Big Speech

Michael Collins

I just read the presidents big speech tonight and it struck me. There were some key lines left out of the speech. You may have had the same response. For the sake of clarity and fairness, I’ve tried to reconstruct the missing lines. I’m sure that the omissions were just an accident. Or maybe that Robert Gibbs may be up to his old tricks again. My insertions are in italics, following the president’s words from the official White House transcript. White House, August 31, 2010 Here goes.

THE PRESIDENT: Good evening. Tonight, I’d like to talk to you about the end of our combat mission in Iraq, the ongoing security challenges we face, and the need to rebuild our nation here at home. But before I do that, we need a moment of truth. The Iraq war was based on a deliberate lie involving the White House distorting the National intelligence estimate on Iraqi Weapons of Mass Destruction (WMD). The report got it wrong on WMD. There were none. But it concluded that the only way the nonexistent WMD would be used against the United States was in retaliation for a US attack on Iraq that threatened Saddam Hussein. By deleting this information, the Bush-Cheney White House justified a preemptive invasion without any basis, a crime under international law that our nation helped establish after World War II. Continue reading

The Middle Class

By anaxarchos posted by Michael Collins

Capitalism does not elevate… it expropriates and impoverishes. Its urban slums and shanty towns are a step down from the rural, quasi-capitalist material it begins with. Worldwide, it expropriates wealth from the many instead of creating “prosperity”. (Image)

The original American reference to a “middle class” probably comes from Britain. It referred, as on the continent, to the propertied but untitled yeomanry of the countryside, the rising burghers in the cities, and the mercantile classes as a whole. It was an accurate naming. Originally, what was to become the bourgeoisie really did stand between the aristocracy and the property-less classes.
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America’s Middle Class is dying and the stats prove it

Irish Central July 24, 2010            By CAHIR O’DOHERTY                                                 BUZZ!

Take off your hats and bow to your betters. It’s over – the noble American experiment I mean.

The American middle class is being systematically wiped out of existence. The rich are getting richer and the poor are getting poorer here at a historically unprecedented rate.

Once the United States had the largest and most prosperous middle class in the history of the world, but that’s ending at a blinding pace.

The new ‘global economy’ means that middle class American workers have to directly compete for jobs with people on the other side of the world where there is no minimum wage and practically no regulations.

If the socialism the Tea Party is shouting about means anything in the U.S. anymore it refers to the golden circle of the super rich, who are profiting at unheard of rates whilst the rest of this nation suffers.

U.S. Corporations have grown massively rich exploiting third world labor pools, but middle class American workers have increasingly lost out.

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Wall Street’s Meltdown Increased Wealth Concentration

Average Americans today aren’t hurting because the economy has stopped generating wealth. Average Americans are hurting because the wealth the economy is generating continues to cascade disproportionately to the top.

Wall Street’s Meltdown and Wealth’s Maldistribution

By Sam Pizzigati April 27, 2010

The Great Recession, new research shows, has left wealth in the United States even more concentrated at America’s economic summit.

Average American households have been riding an economic roller coaster over the last quarter century. The stock market has boomed and collapsed. Housing has boomed and collapsed. The entire economy has boomed and collapsed.

Where has this wild ride left the typical American family? Back to square one. And then back some more. The typical American household, as of mid 2009, held less in real net worth — that’s assets minus debts, adjusted for inflation — than the typical U.S. household held back in 1983.

But the even bigger story may be the reason why. New York University economist Edward Wolff tells that story in a new analysis of the Federal Reserve’s latest household wealth data research just published by the Bard College Levy Economics Institute.

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The Impoverishment of the Middle Class: When Empire Hits Home, Part 2

“The world has already, in the past two years, witnessed the greatest transfer of wealth in human history.[78] What will follow is a global restructuring of class structure as the western educated middle class will largely be decimated and liquidated of all its material wealth. This is a new phase of globalization.”

By Andrew Gavin Marshall
Global Research, March 30, 2010
This is Part 2 of the series, “When Empire Hits Home.”

see also Part 1: War, Racism and the Empire of Poverty

and  Part 3:  Riots, Rebellion and Revolution

The western nations of the world have built their great wealth and societies on the exploitation and plundering of the people and resources of the rest of the world. The wealth, freedom, and structures of our societies have been built on the starvation, robbery, deprivation and murder of millions upon millions of the world’s people, both historically and presently.

It seemed for a time that “Western Civilization” had worked, even if only for the west. We saw the emergence and growth of a vibrant middle class, which has its origins in the Industrial Revolution, out of which we also saw the formation of the “nuclear family.” The middle classes of the west grew in wealth, education, and access. While the great problems of the world, and for the majority of the world’s people, persisted and expanded exponentially, the great purpose of the middle class was siphoned and expanded into facilitating the development of a massive consumerist society. The function of the middle class became that of consuming, not necessarily contributing to determining the direction of society.

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Stack died in order to be heard

Full report, plus video and text of suicide note here:

“Small plane hits Austin building, sets off blaze + Man flies aircraft into Texas tax office after setting home on fire + Online suicide note”