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Middle Class Economy

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.

The American Nightmare

Rob Fishman | Posted 05.25.2011 | Business
Rob Fishman

Of all the misdeeds carried out on the southern tip of Manhattan over the last decade, perhaps Wall Street's greatest fraud was to arrogate the very meaning of the American Dream.

Credit Card Or Mortgage: Consumers | Vincent Fernando | Posted 05.25.2011 | Business

Credit history company TransUnion has found that Americans are shifting their priorities when it comes to paying down debt. Consumers are paying down...

Your Mailman Didn't Make the Economy Collapse

Amy Traub | Posted 05.25.2011 | Business
Amy Traub

Rather than being outraged that a public employee earns a living wage, we should ask why more private sector workers don't.

America's credit card debt Five myths about | Robert D. Manning | Posted 05.25.2011 | Business

Today, Americans are more dependent on credit than savings, a radical departure from the last major economic crisis, in the 1930s. Congress's effort t...

Is The Middle-Class American Dream Still In Reach?

The Huffington Post | Arthur Delaney | Posted 05.25.2011 | Politics

President Obama and Vice President Biden previewed their proposals to help the middle class on Monday. The president said the "middle class has been u...

America Absolutely Needs a National Manufacturing Policy, Urges Senator Sherrod Brown

Kathleen Wells, J.D. | Posted 05.25.2011 | Politics
Kathleen Wells, J.D.

Over the past year, Brown held a series of hearings examining ways to rebuild U.S. manufacturing and is also fighting to ensure that our nation's trade laws work for domestic manufacturing and American workers.

America Without a Middle Class

Sen. Elizabeth Warren | Posted 05.25.2011 | Business
Sen. Elizabeth Warren

Can you imagine an America without a strong middle class? If you can, would it still be America as we know it?

Obama Small Business Forum Will Ignore the Number One Challenge

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

If President Obama is serious about helping small businesses, then he should use this week's forum to address the absurd flow of federal small business contracts to Fortune 500 firms.

Dueling Bills in Congress Could Help or Hurt Middle Class Firms

Lloyd Chapman | Posted 05.25.2011 | Politics
Lloyd Chapman

Chambers of Commerce across Alabama are opposed to H.R. 3558, and the American Small Business League (ASBL) has launched a national campaign to rally opposition to the bill.

Who is the American Middle Class? Lessons for Health Care Reform

Drew Westen | Posted 05.25.2011 | Politics
Drew Westen

Before we start going after middle class taxpayers, both as good policy and good politics, we would do well to remember that the middle class is and always has been the backbone of our economy

ASBL: Obama Ignores Economic Experts On Stimulus Plan

Chris Gunn | Posted 05.25.2011 | Business
Chris Gunn

The American Small Business League (ASBL) released the following press release today. Petaluma, Calif. - President-elect Barack Obama and the new 11...

Bush Dismantles Economic Programs for Small Business as Economy Continues Downward Spiral

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

Ninety-eight percent of all companies in the United States have less than 100 employees. Twenty-seven million firms fall into the category of small bu...

Bailout Bill Gives Tax Break to Wooden Arrow Manufacturers While Small Business Get the Shaft

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

If anyone was concerned that President Bush, Treasury Secretary Paulson and Congress were not up to the task of passing a serious economic recovery bi...