From Zero Hedge:
While the fact that a record number of Americans are living in poverty should not surprise anyone at this point, what should surprise many is that according to Table P-5 of the Census report of (Lack of) Income, the median male is now worse on a gross, inflation adjusted basis, than he was in… 1968! While back then, the median income of male workers was $32,844, it has since risen declined to $32,137 as of 2010. And there is your lesson in inflation 101 (which we assume is driven by the CPI, which likely means that the actual inflation adjusted income decline is far worse than what is even reported). The only winner: women, whose median inflation adjusted income over the same period has increased by 188%. That said, it is still at 65% of what the median male makes. So injustice all around…
Why has this happened? Because since 1968 we have gone about destroying – via taxation, regulation, lawsuits and “nimbyism” – the ability of Americans to make, mine and grow things. We can’t all answer phones in call centers, nor can all of us be computer programmers. We have to make things, mine things and grow things…we have to produce wealth. If we do, then wages rise…if we don’t, then they stay flat or decline.
It is time to restore the American economy be removing the barriers to wealth creation. We have to allow people to work for a living – if we do, then wages will start to rise, fewer people will need government assistance and our overall finances – public and private – will improve. If we don’t, then we die as a nation. It is as stark as that.
And in order to do all that, we must over turn the current Ruling Class – they are in charge of Big Government and Big Corporation. They are very well off and don’t care at all about how the average American lives. They live in a world where struggle is non-existent, the family is unimportant and God is forgotten. As long as they are latched on to us, things cannot improve. Remember that as we go in to 2012…anyone who is unwilling to shake up the status quo is unworthy of support…and the more revolutionaries (ie, TEA Partiers) we can elect, the better.
