Category Archives: The destruction of the middle class

Wolf Richter: New Census Data Shows Why the Job Market is Still “Terrible” (as Trump said)

Lambert here: I blame Putin. By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street Hardly any improvement for individuals since the Great Recession. When Donald Trump campaigned on how “terrible” the jobs situation was, while the Obama Administration touted the […]


Bill Black: White Collar Crime Will Have a Field Day Under Trump

In this Real News Network segment, Bill Black describes why elite banksters will have a free hand if Trump gets his appointees through. Although Black focuses here on just departed Goldmanite Gary Cohn, the Democrats ought to put up a pitched battle over another Goldman alum, Steve Mnuchin, Trump’s Treasury Secretary nominee. Mnuchin is unqualified […]


Bill Black: After 30 Years of Throwing Working People Under the Bus, Democratic Party’s “Centrist” Leaders Remain Clueless About Voter Revenge

The Democrats abandoned the working classes long ago and like an abusive spouse, never thought their victims would leave them.