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CNNW Your Bottom Line August 13, 2011



and 13.9 million people are still out of work. we just can t seem to catch a break. don pack is features editor for the atlantic and wrote can the middle class be saved? don, what s the answer, can it? the middle class can be saved but we need to take a wide array of aggressive action to save it, i think. it s interesting the middle class itself has in many ways been downgraded in this recession. the housing bubble amassed a host of problems. the middle class has been slowly hallowing for years, wages in the middle class were stagnant throughout the odds. but the middle class retained a sense of optimism and forward progress because of increase in housing wealth and the increasing debt that went with it. but the recession has blown away that fig leaf. and one reason i think that this period has seemed so painful to so many people is in some ways we ve seen the concentration of a decades disappointment in just the past three years. yeah. when you look at the lo ....

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