The broad American middle class is in trouble. Working families have been struggling with stagnant wages and rising insecurity for over three decades. From 2002-2007, Americans witnessed the first “recovery” in which the typical household suffered declining income. Then came the collapse of the housing bubble and the Great Recession.
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TheMiddleClass.org Voter Guide is getting attention this week for its rating 200 members of Congress "zero" on a set of votes it deems reflective of the members' stands on middle-class concerns. It turns out it was not alone in taking a dim view of the performance of the 112th Congress on kitchen-table issues.
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Visit NBCNews.com for breaking news, world news, and news about the economy The real story in Libya is not that there was a local terrorist attack. It’s that the Libyan people sided with us over them after the attack. From yesterday’s Meet The Press, here’s Tom Friedman: …we have completely missed this story, and it’s [...]
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We've had four and a half hours of presidential and vice-presidential debates. We've covered a lot of ground. There's been a lot of substance. Yet it is unconscionable that the biggest crisis the world faces has not yet warranted a mention: global warming.
Will it be mentioned in the last presidential debate on Monday?
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Mitt Romney's bullet-point, detail-free, policy-free economic "plan" contains a section on cutting the deficit. What is Romney's approach, and what is the effect on our economy and our lives?
The Deficit "Crisis"
Any discussion of the deficit "crisis" should start with this:
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Back when Bill Clinton was President there was a huge media-swarm controversy because a decade before her husband was elected Hillary Clinton had made $100,000 over ten months by investing in cattle futures. Now, skip forward to 2012.
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"When I use a word," Humpty Dumpty said, in rather a scornful tone, "it means just what I choose it to mean—neither more nor less."
"The question is," said Alice, "whether you can make words mean so many different things."
"The question is," said Humpty Dumpty, "which is to be master that's all."
—Louis Carroll
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"Please allow me to introduce myself, I'm a man of wealth and taste ..."
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Originally posted at Capital Gains and Games.
I deliberately wrote the headline above to make some CG&G readers (and you know who you are) angry.
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Robert Reich has some excellent advice for Vice President Joe Biden, regarding his debate we VP wannabe Rep. Paul Ryan: Don't debate the earnest, affable Paul Ryan who's likely to show up tonight. Debate the right-wing Randian behind those blue eyes.
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