Of course, if the Average Joe is living on a smaller and smaller (inflation adjusted) paycheck…that is, if their job wasn’t outsourced and they wound up working for one of the McJobs the Bush administration is so proud they managed to create (after losing 3+ million good paying ones)… he wouldn’t likely have much savings left to invest, now would he?
It’s all fine and dandy if you’re a member of the priveleged elite (upper middle class+, which is probably where most of us on Piggington are), but our country is built on the middle class – and Bush has been death on that class – worst President for the middle class in the past hundred years since the Depression from the numbers I’ve seen.
Sooner or later, that’s going to catch up with us. There’s only so many goods us well off folks can buy, and only so many services that we can pay our fellow Americans to provide. The death of the middle class as the largest class in the U.S. sooner or later spells the death of our economy. WE benefit when there are more people in that middle class making good wages so they can put that money back into the economy.
Offshoring all our manufacturing and other jobs which actually create things in the name of a multinational corporations “bottom line” in the end means a massive wealth transfer to all those other states that now create and manufacture all the things we used to do.
