Kamis, 05 Agustus 2010

The American Dream Is A Fantasy

The Financial Times, through statistics and personal stories, paints a bleak assessment of America's future going forward. In Crisis in Middle Class America, we see a major financial press group, finally acknowledge what we've been trying to document since the start of this site, the U.S. middle class is being shuttered off, destroyed, deceased, no more.

    Once upon a time this was called the American Dream. Nowadays it might be called America’s Fitful Reverie. Indeed, Mark spends large monthly sums renting a machine to treat his sleep apnea, which gives him insomnia. “If we lost our jobs, we would have about three weeks of savings to draw on before we hit the bone,” says Mark, who is sitting on his patio keeping an eye on the street and swigging from a bottle of Miller Lite. “We work day and night and try to save for our retirement. But we are never more than a pay check or two from the streets.”

That's right, Ozzie and Harriet now speak Chinese. The United States, through policies and legislation demanded by multinational corporations, has literally shipped our economy to India and China (and a few other places for good measure).

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