Posts Tagged ‘Alan Greenspan’

Middle class fading away…
Saturday, April 5th, 2014
Greenspan, wikimedia 2

The middle class in California and the rest of America keeps fading away under assaults from Republicans and Democrats, Presidents Bush and Obama, Govs. Schwarzenegger and Brown. The latest from AP: "Since 2008, the number of people who call themselves middle class has fallen by nearly a fifth, acc...

Phony ‘recovery’: Home ownership at 18-year low
Tuesday, July 30th, 2013
Insolvency, Cagle, July 30, 2013

More proof there has been no "recovery": "The U.S. homeownership rate, which soared to a record high 69.2 percent in 2004, is back where it was two decades ago, before the housing bubble inflated, busted and ripped more than 7 million Americans from their homes." Home ownership is at an 18-year lo...

Middle class being wiped out
Sunday, December 2nd, 2012
Middle class being wiped out

Dec. 2, 2012 By John Seiler It's not just the recent economic and political nonsense by both parties that's hurting the middle class. It's more than four decades of it. A new study finds: "The median net worth of American households has dropped to a 43-year low as the lower and middle classes app...