Is the ‘Great Restructuring’ Killing Our Middle Class?
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On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss a new push to politically unite Europe to save the Eurozone, how the restructuring of the American job market may permanently kill America’s middle class, and the disappearance of “Made in America.”
We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.
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17 Comments
The Middle Class is always the most dangerous.
It must always be eliminated to secure the domination of the new dictators.
That's what it is DESIGNED to do. We must accept that these people hate us with an almost perfect hate. It is up to us whether we allow then to succeed or not.
As always Cianfrocca makes some clear salient points.
We can encourage the middle class by encouraging manufacturing in the USA. And, that means kicking some Govt Agencies in the Teeth! And, perhaps upsetting the Chinese apple cart.
The end result will be the Politiburo, the Party and all the rest of us—unless we stop them.
"American job market may permanently kill America’s middle class, and the disappearance of “Made in America.”
Well let me see, the workhorse of the construction industry " Skilsaw" is now made in China, and the people cooking our food, mowing our lawns, cleaning our homes dont speak a lick of english.
I guess it is safe to say, we are well on our way to being killed off.
Thanks DC, for making it all possible
The middle class will continue to shrink as long as the middle man — the government — continues to confiscate more wealth and get more powerful.
Like Reagan once said, "As government expands, liberty contracts." A healthy, sizable middle class is one of the effects of abundant personal liberty. Conversely, a weak, shrinking middle class is always a symptom of diminishing liberty.
GOP Candidates in Four-Way Dead Heat By John McCormick – Nov 14, 2011
http://www.bloomberg.com/news/2011-11-15/romney-t...
"The time is near at hand which must determine whether Americans are to be free men or slaves."
George Washington
The middle class is an enemy, an obstacle to the revolution, therefore it must be eliminated. Marxism does not allow for happy, independent, productive citizens. Progressive–or rather totalitarian prison are filled with them.
It's us or them, folks…
Simple as that….
The government hasn't confiscated more wealth. Are you talking about taxes? Taxes have not killed the middle class.
Reaganomics have hurt a lot, soak the rich and hope it trickle downs has not worked, our government basically being servants of the wealthiest 1% ignoring the middle class… NAFTA has been a huge factor as well.
Take the walmart theory.
Before free trade and the emergence of super stores, small/medium sized towns thrived with good business because capital would stay within the community. Walmart puts everyone out of business and when you buy a hammer for say $1…. 96 cents of the dollar gets sucked out of the community going to corporate and shareholders
Again with another failure of Economic 101.
Here is some news for you, we have not used trickle down economics in decades, and our economy has been on a decline as the government grows. In fact, the government is the cause for depressions, and when ever a government tries to fix it, then it just either prolongs the problem or makes it worse.
Besides, people of every class level should keep more of their money. Since it is the private industry in which our economy is based on, and the government does not have a damn clue to how an economy works. All I have to say is this, take your empty talking points and shove it.
The government has pushed businesses out of this country via taxation and regulation. Businesses didn't suddenly become greedier over the past forty years. They simply stopped being able to make a reasonable profit in the United States, so they took their operations elsewhere.
Folks on the Left whine about corporations "sitting on money," but they're doing that because they have no idea what new taxes or regulations the government will come up with next. For now, it's smarter for them to sit on the sidelines. We all suffer as a result.
What was the tax rate when the middle class grew and thrived in the 20th century?
"""They simply stopped being able to make a reasonable profit in the United States""""
This statement is false because corporations and CEO's have never in the history of the US made more profits and salaries as right now
""""Folks on the Left whine about corporations "sitting on money," but they're doing that because they have no idea what new taxes or regulations the government will come up with next""""
Another lame GOP talking point proven wrong. You're using the "uncertainty" talking point now?
Banks have a record amount of cash on hand collectively right now. They have cash stored overseas.
with me so far?
They hope the GOP will allow them to repatriate the overseas money tax free as they did in 2004.
In 2004, the GOP along with their corp buddies said tax free repatriating would create jobs.
FACT- in 2004 most of the tax free repatriated money was used by corps to pay a higher dividend and re buy their own stock. not to create jobs in the states.
As a result the same corps stashed capital off shore again hoping the GOP can once again dupe enough people to let them bring it back tax free all under the guise of "job creation"
When, in the end, it's just another handout by one of the corporately friendly parties of our corporately friendly government and the right falls for it every time.
You can't live beyond your means year after year with no consequences in your personal life. Yet politicans think their countries can live far beyond their means forever. Now the time to pay the piper is upon them.
The middle class is Marxists' #1 enemy.
People of every class level should keep more of their money. Since it is the private industry in which our economy is based on, and the government does not have a damn clue to how an economy works. All I have to say is this, take your empty talking points and shove it. diyblog
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