The Plight of the Working Class

In This Issue: The Plight of the Working Class Can You Say Jobless Recovery? Drowning in Debt but Getting No Growth The Cancer of Debt New York, Portland and La Jolla Clowns to the left of me, Jokers to the right, Here I am, stuck in the Muddle Through Middle with you! –With thanks to Stealers Wheel I get a lot of email from readers. I recently got an impassioned letter from very-long-time reader Bill K., who asks some very pointed questions about austerity and spending cuts. It is a rather lengthy letter, so I will only quote part of it and use it is the launching pad for this week’s letter, where we look at today’s employment report, but from a little different slant. This letter will no doubt anger a few other long-time readers. I argue this week for the middle, but do so as a survivalist. While Bill starts out by saying some very nice things about me (thanks), let’s jump to the meat of the letter: “…. I would like to get something off...