The conservative US News and World Report is worried by data showing the worsening condition of US workers, and the growing prospect of class polarization threatening corporate America and the Republican party.
Working class Americans are “living on the edge of a decline very different from the traditional ebb and flow of the economic cycle”, says the USNWR. The most visible indication the system is no longer delivering as before is a shortfall of 8 million jobs from the customary pattern of previous recoveries. American families, even with two incomes, have less discretionary income than a generation ago; are unable to meet soaring health care and education costs; are worried about outsourcing and job loss; and “more people this year will end up bankrupt than will suffer a heart attack or be diagnosed with cancer or graduate from college or file for divorce”, the USNWR notes. Add a widespread perception of growing inequality, corporate corruption, and the transparently pro-business bias of the Bush administration, and the Report fears “populist politics will catch fire” if stoked by the Democrats. Article reproduced on www.supportingfacts.com Sorry for any cross posting.
