The U.S. Middle Class is turning proletarian

The U.S. Middle Class is turning proletarian. “Despite President Obama’s rhetorical devotion to reducing inequality, it has widened significantly under his watch.” Not “despite” – these creeps talk about the middle class (mostly around election time) but when they act, it’s for their own benefit.

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (9)

  • Intentionally or otherwise, they have been doing this since the first time a caveman whacked another on the head, took his antelope and woman, and said "Mine! I run this valley now"

    Techniques and words have changed since then, but in principle, the same shit is still going on.

  • Not to defend Obmana or guv't in general, but in all fairness, you can't cite one correlation to prove anything.

    Gold is subject to the laws of supply and demand. The demand side has its vagaries that in the short run, at any one time, do not reflect any particular policies or policymakers. Any one profession, including engineers, are also subject to the laws of supply and demand. Someone can easily select a particular statistic that suits his needs, quote it and say "see, numbers don't lie!" (NOT saying you did that, but its something that can easily be done and often is).

  • In 1950 an engineer made about $4,200 per year. Gold was $35 per ounce. That's about 120 ounces of gold. Engineers making $100,000 per year today are only making the equivalent of 77 ounces of gold. Thanks to the geniuses at the Fed, we are all being turned into serfs.

  • I was talking about this topic recently with a very smart and conservative friend the other day. He remarked that it is a burden to clearly see what is happening to this country while millions are sound asleep or cheer on the silent coup.

    He is right.

    • It's a somewhat heavier burden when your family looks at you and what you are doing to try to protect them from the possibilities of the future, and think you're nuts.