Democrats: “Say Goodbye To Prosperity”
By Mitch Berg
Jay Reding on one of the Dems’ favorite memes; the incredible shrinking middle class, and their inevitable solution to the nonexistent problem (you get one guess), in re Byron Dorgan and Sherrod Brown’s latest bit of anti-free-trade demigoguery:
Either the middle class is getting shorter, or this is just more populist garbage. There’s no evidence that supports a “shrinking” middle class. Instead, reality tells a different picture. We’ve had years of solid growth. Unemployment is at record low levels. Consumer confidence is high. For all this talk about how terrible life is for the middle class these days the numbers state otherwise.
Here’s how you tell an economic bullshit artist from someone with a clue: if they start resorting to sob stories about how little Mary Jane Pityme lost her job at the mill because of some big bad corporate fatcat, you’re dealing with a bullshit artist. Real economists go for the head, not try to pull wool over people’s eyes with sad stories. Senators Dorgan and Brown are bullshit artists, as will soon be demostrated.
Read the whole thing.
Watch for the media to note that the middle class has stopped shrinking in about January of ’09, by the way – assuming a Democrat wins.
