NYT: The American Middle Class Is No Longer the World’s Richest

[jtuck004]

16. We had 7 million foreclosures, 9 million now underwater...

Tell 'em to step right on down. Because a huge percent of our sales are now going to investors and we are becoming a rental nation. That's a big purchase, with the broken system we have being floated on 1.2 trilion being paid out to banks for their profit in lending to the wealthy, a float which won't go on forever, whether the problem is fixed or not. Tell them good luck with that whole "grass is greener" philosophy

From A mortuary of 7,000,000 foreclosures and counting: Nation still faces 9.1 million properties that are seriously underwater:

And this is with 14 million more people than we had when the crisis started...