Drudge Retort: The Other Side of the News
Thursday, September 22, 2016

I've been reading a lot about a "recovering" economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week.

I don't think it's true.

The percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today.

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Ten percent of 250 million adults in the U.S. is 25 million people whose economic lives have crashed.

What the media is missing is that these 25 million people are invisible in the widely reported 4.9% official U.S. unemployment rate.

Let's say someone has a good middle-class job that pays $65,000 a year. That job goes away in a changing, disrupted world, and his new full-time job pays $14 per hour -- or about $28,000 per year. That devastated American remains counted as "full-time employed" because he still has full-time work -- although with drastically reduced pay and benefits. He has fallen out of the middle class and is invisible in current reporting.

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Obama's been cooking the books and polishing turds.

#1 | Posted by SheepleSchism at 2016-09-22 06:15 PM | Reply | Newsworthy 1

If I recall, upper and lower classes have grown. Middle class has shrunk.

#2 | Posted by AndreaMackris at 2016-09-22 06:22 PM | Reply

Obama's been cooking the books and polishing turds.

#1 | POSTED BY SHEEPLESCHISM

True, that median income farce was pretty obvious.

#3 | Posted by AndreaMackris at 2016-09-22 06:23 PM | Reply

He has fallen out of the middle class and is invisible in current reporting.

They aren't invisible to Trump and Trump is speaking directly to them. And this election will prove that out..

#4 | Posted by boaz at 2016-09-23 09:31 AM | Reply | Funny: 1 | Newsworthy 1

Let's not talk about Republicans filibustering every attempt to stop the flow of good paying jobs out of the country. If you didn't protest their filibusters then you ought to just shut up now. I am sick of you hypocrites. Especially you Boaz. It just gets ridiculous.

#5 | Posted by danni at 2016-09-23 09:48 AM | Reply | Newsworthy 1

"Trump is speaking directly to them."

Yeah, but it's not what you--or they--think it is. It's what he's actually said, which is "Made in China", "Made in Bangladesh", "Made in Slovenia", etc.

It's cognitive dissonance to believe someone who has been moving jobs out of America as fast as he could is somehow the champion of bringing jobs home.

#6 | Posted by Danforth at 2016-09-23 10:08 AM | Reply | Newsworthy 1

I disagree Danforth.

Trump is speaking directly to these people in language that they understand. He is saying things that they would say themselves. Hillary and Obama are disconnected from these people and we are seeing it in the polls and Trumps popularity.

You may not understand, but they do.

#7 | Posted by boaz at 2016-09-23 10:12 AM | Reply | Funny: 1 | Newsworthy 1

#6

It's unrealistic to believe anybody is really going to be champion of bringing jobs back home.

especially when you look at the realistic choices for president.

#8 | Posted by eberly at 2016-09-23 10:13 AM | Reply

Boaz,

all politicians, especially those running for president, blather on about jobs and how they'll create them.

It's mostly a bunch of crap. It's campaign rhetoric.

#9 | Posted by eberly at 2016-09-23 10:23 AM | Reply

Obama's been cooking the books and polishing turds.

#1 | POSTED BY SHEEPLESCHISM AT 2016-09-22 06:15 PM | FLAG:

False. The books get cooked all at the same time. There is no changing your years to compare differently than previous years. Obama himself cooks nothing. There are economists who do the work.

#10 | Posted by BruceBanner at 2016-09-23 11:31 AM | Reply

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If I recall, upper and lower classes have grown. Middle class has shrunk.

#2 | POSTED BY ANDREAMACKRIS AT 2016-09-22 06:22 PM | FLAG:

I thought so too until yesterday when I was looking up some of this information. All new wealth has gone to the upper class.

The number of people who are poor is increasing at a fast pace.

So money is one thing, people are another.

Please correct me if I'm wrong.

#11 | Posted by BruceBanner at 2016-09-23 11:32 AM | Reply

Crying about this isn't going to do anything. We saved our infrastructure during the crash. Now we need to move forward to help the rest. The GOP has stopped all moves to help average Americans. They need to be held accountable as long as they are sharing the power.

#12 | Posted by BruceBanner at 2016-09-23 11:34 AM | Reply

If anyone cares, Trump's policies are 100% for the already rich. He will crush the poor and middle class.

#13 | Posted by BruceBanner at 2016-09-23 11:35 AM | Reply

He will crush the poor and middle class.

If Obama had sprinkled in a little of Republican policies in with his, he might not have been so obstructed. But since he did not, he owns this economy.

#14 | Posted by boaz at 2016-09-23 12:47 PM | Reply | Newsworthy 1

Boaz, go moderate yourself. You were against every single policy that could possibly help the poor and down and out during the past 8 years. I lost my business, I didn't have a federal safety net. You are a total federal government moocher, yet you are the most blind, most ill-informed, least helpful member of the American experience I've ever encountered...well Macris.

Gawd you people suck bad.

#15 | Posted by bocaink at 2016-09-23 01:29 PM | Reply | Newsworthy 1

This is why Hillary screams "Why aren't I 50 points ahead". She, the politicians and in particular the Dems do not get it.

They sit in their ivory tower and remain ignorant of the plight of the people around the country.

They retreat to their labels, calling people who oppose their misguided policies as racist or misogynistic.

Their ignorance will be their downfall.

#16 | Posted by sawdust at 2016-09-23 05:18 PM | Reply

Trump has spent his entire business existence screwing anybody and everybody he possibly could, especially the "invisible Americans" who did not have the financial means to challenge him.

How people like Boaz could think that now he is going start looking out for the very people that he has treated with contempt all his life is beyond me. Please explain this, Boaz.

#17 | Posted by Angrydad at 2016-09-23 06:46 PM | Reply

Yes, Hillary will do it just like Obama did it.....

#18 | Posted by Crassus at 2016-09-24 05:24 AM | Reply

"Trump is speaking directly to these people in language that they understand"

That doesn't mean he's not ------------ them. How else do you explain the Grand Chasm between his words and his history? He's going to end corruption? The guy who has expected to benefit from said corruption for decades??? Yeah, right.

#19 | Posted by Danforth at 2016-09-24 05:36 AM | Reply

"If Obama had sprinkled in a little of Republican policies in with his, he might not have been so obstructed."

See the ACA, nee the Republican's Health Insurance Personal Responsibility Act of 1993.

"But since he did not, he owns this economy."

Too rich. "This economy" is better than the one Mitt Romney promised. If President R had produced these exact same results, the exact same pinheads would be crowing about their superior economic prowess.

#20 | Posted by Danforth at 2016-09-24 05:46 AM | Reply

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