Why would anybody ever vote for "any" Republican or even a "Conserva-Democrat" if they were aware of this info?… The Middle Class in America Is Radically Shrinking. Here Are the Stats to Prove it "the globalism and "free trade" that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn't tell us that the "global economy" would mean that middle class American workers would eventually have to directly compete for jobs with people on the other side of the world where there is no minimum wage and very few regulations. The big global corporations have greatly benefited by exploiting third world labor pools over the last several decades, but middle class American workers have increasingly found things to be very tough. Here are the statistics to prove it: • 83 percent of all U.S. stocks are in the hands of 1 percent of the people. • 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007. • 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans. • 36 percent of Americans say that they don't contribute anything to retirement savings. • A staggering 43 percent of Americans have less than $10,000 saved up for retirement. • 24 percent of American workers say that they have postponed their planned retirement age in the past year. • Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008. • Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975. • For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together. • In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one. • As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets. • The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth. • Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008. • In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector. • The top 1 percent of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago. • In America today, the average time needed to find a job has risen to a record 35.2 weeks. • More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying. • or the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011. • This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour. • Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years. • Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009. • The top 10 percent of Americans now earn around 50 percent of our national income. Giant Sucking Sound The reality is that no matter how smart, how strong, how educated or how hard working American workers are, they just cannot compete with people who are desperate to put in 10 to 12 hour days at less than a dollar an hour on the other side of the world. After all, what corporation in their right mind is going to pay an American worker 10 times more (plus benefits) to do the same job? The world is fundamentally changing. Wealth and power are rapidly becoming concentrated at the top and the big global corporations are making massive amounts of money. Meanwhile, the American middle class is being systematically wiped out of existence as U.S. workers are slowly being merged into the new "global" labor pool. " Shouldn't we go back to real progressives, that support the idea of "We The People" instead of these corporate sell-out Republicans and the "New Dem's" that have now are scattered throughout the Democratic party?

Asked By: S O - 7/26/2010
Best Answer - Chosen by Asker
If people actually paid attention to those statistics, of course most wouldn't. There does however seem to be a concerted effort on the part of conservatives to persuade people to vote against their own economic interests. It often works because they know how to exploit other fears and they know how to twist the... More
Answered By: tribeca_belle - 7/26/2010
Additional Answers (9)
Because the worst thing we can have in this situation is a lib controlled government. This Congress and Obama have spent over $1 trillion in less than 2 years, are fighting to spend more and are telling us that the unemployment rate will remain at 9% through 2012. Knowing that, why would anyone vote for a Democrat... More
Answered By: ruth - 7/26/2010
Because over the past 50 years liberals have controlled Congress far more than conservatives have. I actually think liberal policies are a primary factor in income disparities..
Answered By: Brian - 7/26/2010
you don't trust conservatives yet never mention that a democrat B. Clinton is responsible for mess you blame on republicans.
Answered By: annie - 7/26/2010
This is what Republican Bush SR was talking about when he made that speech about the New World Order . In other words Republicans sold US out .
Answered By: bluechristy - 7/26/2010
No way no how would I vote for a Rep or a blue dog Dem they care for people like themselves only the rich
Answered By: On the left and proud - 7/26/2010
Maybe if we could convince the democrats to lower the tax rates on corporations down a bit, I mean a bit more seeing as how we're the nation with the second highest tax rate on corporations a lot of those jobs would stay in America. It'd be about the same cost to pay American workers to build products over here... More
Answered By: NeverFamous - 7/26/2010
SO, you're suggesting what exactly? Put more regulations and taxes onto businesses, thus resulting in even more jobs going over seas....sounds like a real 'We The People' solution. ::rolls eyes::
Answered By: Lady Laissez Faire - 7/26/2010
Because 47% of Americans think is better policy to be egotistically and acquire for your own self than living in a society in which you do for others like Christ taught...
Answered By: Chupate esa! - 7/26/2010
Spoken like a true socialist. We are in our 30s and far from rich. We do have a allot saved for retirement in 401ks, stocks, and IRAs. I know people who make far more than us and have nothing saved because they lack discipline in both spending and saving. Sorry but I do not want the government telling me I need to give... More
Answered By: Jonny B - 7/26/2010
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