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Middle Class Economy

The Clash of the Middle Classes

Moisés Naím | Posted 10.05.2011 | World
Moisés Naím

Governments in the poorer countries are under enormous pressure to meet the booming demands of the new middle class while those of the richer nations are struggling to contain the fall in living standards of the existing bourgeoisie.

Jason Linkins

Washington Post Columnist: It's Ridiculous That Lawmakers Would Advocate For The Middle Class | Jason Linkins | Posted 06.15.2011 | Politics

It seems like just a little while ago that the Washington Post's Dana Milbank was rightfully complaining about the rogering he was getting at the hands of Citibank. One might have imagined that Milbank's trials and tribulations then would have given him some insight into the reality that income disparity exists and that ordinary people are bearing the brunt of the bad economy. Only, now that a bunch of Democratic lawmakers have set out to try to ameliorate these problems, Milbank has reverted back to a position of hyena-bray ridicule.

Poor No More! Or That "Hard Working Middle Class" Baloney

Sherman Yellen | Posted 05.25.2011 | Politics
Sherman Yellen

The one thing Obama and Palin have in common? Everyone is middle class. To call a man or woman poor is to insult them -- to call them a failure in this land of plenty.

Brutal Bookends: Our Middle's Final Squeeze?

Sam Pizzigati | Posted 05.25.2011 | Politics
Sam Pizzigati

Neither Brown in California nor Cuomo in New York sees any reason to inconvenience the financially fortunate. We're just "going to have to reduce government spending," as New York's Cuomo insists.

Money GOP Wants for Rich Should Be Spent on the Needy

Rev. Jesse Jackson | Posted 05.25.2011 | Politics
Rev. Jesse Jackson

We need a project for American renewal, not a holdup where the weak are held hostage. The president would be wise to abandon the back room dealmaking and take his case to the American people.

Defining Class in America: Has the Economic Crisis Brought Us Closer Together?

Curtis Valentine | Posted 05.25.2011 | Politics
Curtis Valentine

Amid all the discussion about "Middle Class Tax Cuts" and the "War on the Middle Class," there has been little attention paid to the puzzling fact that Americans still do not have a hard and fast definition for middle class.

The Great American Credit Catastrophe Is Our Generation's 9/11

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

The housing crisis is just one piece of the big, ugly mess of the consumer credit debacle. It seems to me that our president must call for immediate reform and take action through executive order.

Math Professor Gives Away Half His Yearly Income To Charity

Posted 05.25.2011 | Impact

Mathematics professor Richard Semmler works two jobs in addition to his post at Northern Virginia Community College so that he can give away up to $60...

Arianna Discusses 'Third World America' With Maria Bartiromo On C-Span's 'After Words' (VIDEO)

Huff TV | Posted 05.25.2011 | Business
Huff TV

Arianna appeared on C-Span's "After Words" program this weekend to discuss her latest book "Third World America" with Maria Bartiromo. Arianna spok...

Third World America: America's New Must-Read

Leo Hindery, Jr. | Posted 05.25.2011 | Books
Leo Hindery, Jr.

At the end of Third World America, Ms. Huffington really got my attention with her not-so-gentle reminder that if middle-class Americans are to keep their American Dream alive, then "it's the jobs, stupid."

Losing America: The Way Backwards

Michael Brenner | Posted 05.25.2011 | Politics
Michael Brenner

The great virtue of Arianna Huffington's latest book, Third World America, is its incisiveness and candor in explaining how we have gone off the rails -- and the extent of the wreckage.

Memo to America's Middle Class: Obama Is Just Not That Into You

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

If Obama is going to do the right thing for America's middle class, it's going to take Hope 2.0 -- the people have to make him do it.

Georgia Congressman Hank Johnson Champions Small Business Legislation

Lloyd Chapman | Posted 05.25.2011 | Politics
Lloyd Chapman

Based on his strong track record for small businesses, The American Small Business League (ASBL) has endorsed Congressman Hank Johnson (D - GA) for reelection.

Little Known Bill Could Slash Unemployment

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

Relatively few people have heard of H.R. 2568, the Fairness and Transparency in Contracting Act. Yet, the legislation stands alone as the only bill in...

Laura Bassett

DISAPPEARING MIDDLE CLASS: 60-Year-Old Couple Lose Their Jobs And Home | Laura Bassett | Posted 05.25.2011 | Impact

In 2008, David LaRochelle and his wife, Debbie, owned two houses: a single-family home in Southern Florida and a double-wide mobile home in Plains, Ge...

Exxon Profits Soar, Still No Windfall Profits Tax from Obama

Lloyd Chapman | Posted 05.25.2011 | Home
Lloyd Chapman

Exxon Mobil Corporation announced that its first quarter profit earnings were up 38 percent, totaling $6.3 billion in profits due mainly to the high p...

NASA Sued for Refusing to Release Contracting Data

Lloyd Chapman | Posted 05.25.2011 | Technology
Lloyd Chapman

This issue has gone on unabated for over decade. I don't think these abuses are going to stop until people start going to prison.

Shorting The Middle Class: The Real Wall Street Crime

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

While the SEC suit is certainly big news in itself, more important is what it says about what the financial elite has been doing to America for the last 30 years: shorting the middle class. The American people were sold on the promise of never-ending prosperity while Wall Street was overseeing a massive transfer of wealth from the middle class to the richest Americans. READ MORE Guns vs Butter 2010 We hear endless talk in Washington about belt-tightening and deficit reduction, but hardly a word about whether the $161 billion being spent this year to fight unnecessary wars of choice in Afghanistan and Iraq might be better spent helping embattled Americans here at home. READ MORE WATCH: The Economist Interviews Arianna: Is America Becoming a Third World Country?

Jason Linkins

Zero Hedge: What Life Is Like For The Median Earner | Jason Linkins | Posted 05.25.2011 | Business

Over at Zero Hedge, guest blogger Graham Summers of Phoenix Capital Research has laid out what life is like for Americans earning the "median" income ...

Obama Proposes Tax Cut for Mega Rich Venture Capitalist Contributors

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

President Barack Obama has proposed new legislation that will allow many of the nation's wealthiest venture capitalists to avoid paying billions of do...

Laura Bassett

Former Middle Class Family Loses Sight Of The American Dream | Laura Bassett | Posted 05.25.2011 | Impact

As part of our Bearing Witness 2.0 project, the Huffington Post is rounding up local stories of formerly middle-class families who are now struggling ...

Foreclosure: A Sociological Disaster

Ronald Ricker | Posted 05.25.2011 | Impact
Ronald Ricker

Here's the story of a family that had no choice but to stop paying their mortgage. Though they're receiving help from a local nonprofit, it's unknown if they'll be forced out. Their story is one of millions.

The Bargain Days Are Here Again for the Wealthy

Philip Slater | Posted 05.25.2011 | Business
Philip Slater

A recession is a great opportunity for the wealthy. Everything is cheap. They can scoop up real estate, businesses, facilities of all kinds at bargain rates.

Kidney Cancer, Medical Bills Force Washington Man Into Homelessness

HuffPost | Jonathan Daniel Harris | Posted 05.25.2011 | Impact

As part of our Bearing Witness 2.0 project, the Huffington Post is rounding up local stories of formerly middle-class families who are now struggling ...

America's Dirty Little Secret: Who's Really Poor in America?

Leo Hindery, Jr. | Posted 05.25.2011 | Politics
Leo Hindery, Jr.

The overwhelming problem today for most workers isn't this recession, as horrible as it is -- it's the fact that for every earned income level except the top 10%, average household income hasn't changed a bit for 10 years.