The World’s Largest Economy: A Poor Rich Country

[unhappycamper]

The World’s Largest Economy: A Poor Rich Country
Gandul, Romania
By Bogdan Munteanu
Translated By Andreea Muntean
19 September 2010
Edited by Jessica Boesl

Had the Republicans been the ones statistically showing just how much poorer Americans have become in 18 months of Obama’s presidency, they might have been regarded as malicious. The publication of the data by the main statistics agency in the U.S. got Obama to admit "how tough 2009" had been.

Another four million are poor, another five million unemployed, several million underemployed and insolvent debtors. This is the balance sheet presented by Obama, who was brought to the White House by the greatest wave of hope America had known for decades.

Nowadays, it’s exactly the middle-class — hypnotized by the old "Yes, we can" — that is suffering the most. America’s backbone is getting thinner by the day, in addition to the fact that the American dream is gradually being replaced by the Brazilian version of it — a few extremely rich, many extremely poor and a middle-class that is statistically insignificant.

[xchrom]

1. Recommend

[HughBeaumont]

2. Unrec'd.

1. Is that really all there is to the link or is there more text that I'm not seeing? It seems the article was reprinted in it's entirety. Just comes off as incomplete.

2. Also seems he's blaming Obama for a problem that wasn't caused by him. This shitconomy took 30 years to unravel, predominantly by conservative economic policies and a greedy & corrupt cabal that runs our vaunted job-creatin' private sector. And yes, we can continue to blame them; they CAUSED this and now Republicans think they can cure what they caused by enacting more of the same crap that led to this disaster in the first place.

I'm quite positive I'm not the only one that finds this plan insane.

Up to the voters whether or not we want to return to the insanity of the tax-cut-o-rama and Clinton-era obstructionism. Oh, and Speaker Boehner as an added bonus.