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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (95765)3/26/2009 7:49:56 PM
From: koan  Read Replies (2) | Respond to of 116555
 
>>
What better way can we ensure a strong Middle Class than by lending them so much money on home mortgages, credit cards debt, and leased cars, that they are unable to repay their obligations?<<

FDR built a strong middle class with unions, and then Reagan and the neo cons busted them and the middle class faltered.