Blabber blabber blabber - Yeah well, while you jackweeds play poker using our lives as chips to see which of you selfish fucks gets to pee of the porch the farthest - even the relatively rich are getting pissed off at you. Oh you think you can fuck over folks like me with impunity and I can't do squat - maybe, maybe not. But once the millionaire small business folks get their boot up your ass you are going to wonder what the hell hit you.
http://finance.yahoo.com/banking-budgeting/article/113086/bubble-destroyed-middle-class-marketwatch?mod=bb-budgetingHow the Bubble Destroyed the Middle Class
by Rex Nutting
Friday, July 8, 2011MarketWatch
Most middle-class families didn't have much wealth to begin with — about $100,000. For the 22 million families right in the middle of the income distribution (those making between $39,000 and $62,000 before taxes), about 90% of their assets was in the house. Now half of their wealth is gone and it will never come back as long as they live.
Of course, rich folk lost lots of wealth during the panic as well. Their wealth is mostly in paper not bricks — stocks, bonds, mutual funds, life insurance. The market value of those assets fell further than home prices did during the crash, but they've mostly recovered their value now. The S&P 500 (^GSPC - News) lost 56% of its value when it crashed, but it's doubled since then. Stocks are down about 13% from peak.
The rich recovered; the rest of us didn't.
If losing half your meager life savings weren't bad enough, the middle class has also been falling behind in terms of income for decades. Families in the middle make most of their money the old-fashioned way: Working their fingers to the bone for 40 years for wages and a modest pension.
The crazy thing is that our leaders aren't even talking about this crisis. With the upper classes prospering and global markets booming, they don't need the U.S. middle class any more. The market is up, profits are soaring, and the corporate jet is fueled and ready for takeoff.
And if the middle class can't buy bread? Let them eat cake.