Thursday, September 15, 2011

Ever Notice That Recessions...

...only decimate the middle class? During a recession (aka a "credit contraction"), the dependent class gets more food stamps, and the rich simply wait it out, and buy stuff at fire sale prices, because they can. The middle class gets laid off, loses everything, gets foreclosed upon, moves in with relatives, gets divorced, commits suicide, fights off stalking by bill collectors, and becomes extinct.

The middle class, upon whose backs much of the work load of the US economy is laid.



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