It just keeps getting better with Elizabeth Warren. I mean, who else do you think we’d have a crush on around here? A critter like Ayn Rand, uber goddess to the far right? A woman we just discovered spent the last seven years of her life collecting social security?
The mass appearance of one begat the other and so we find the fate of the middle class and the fate of suburban life conjoined in a fashion that would have given Eng and Chang Bunker a good fright. You could not have had one without the other. Moving forward into the Long Emergency and a world of expensive petroleum, general resource depletion, traumatic economics, badly impaired credit/financial systems and shock doctrines we may end up losing much of both suburbia and its most loyal customers. Leave it to The Atlantic Monthly to be a source of timely content for us yet again.
Can the Middle Class Be Saved?
“The Great Recession has accelerated the hollowing-out of the American middle class. And it has illuminated the widening divide between most of America and the super-rich. Both developments herald grave consequences. Here is how we can bridge the gap between us.”Elizabeth Warren is an academic expert with a specialty in credit law and consumer debt/bankruptcy issues. She was in the documentary Maxed Out and the link below takes you to a presentation she gave in 2008. 57 minutes that will open your eyes. If you have the stomache for the details of the destruction of the middle class in America block out the time. Seriously, this wonderful, articulate, compassionate and very smart woman should be the president of the USA, not that nice, utterly feckless Obama guy.
The coming collapse of the middle class