Quote:
Originally Posted by TracyCoxx
Why would corporate America (your evil empire) be determined to destroy the middle class? That's the vast majority of their customers.
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I don't think there is a conspiracy to destroy the middle class, it's that we don't have the protection in Congress that we used to have. Consequently, the upper classes have the power to bleed us of wealth we used to have.
Also, the middle class was sold on the idea that buying a house was an excellent way to invest for the future. Extremely easy credit was used to lure people into buying overpriced properties with the assurance that prices would continue to go up. What a con job! Most homeowners with these big mortgages are now underwater and will stay that way for years to come. What a horrible feelling that you paid $500,000 for a house that is now worth $250,000 and you owe $400,000. Are people in that situation going out and spending lots of money? Without consumer demand, the companies are not going to hire more workers.
The greedy banks and financial houses in cahoots with the federal government (Greenspan) have thoroughly fucked up our middle class economy, while the rich are sitting pretty.
