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Pew Research Center Shows Elites Have Destroyed America's Middle-Class

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For all practical purposes, the Mainstream News Media in the United States is demonstrating they are no better than China, Iran, or Venezuela when it comes down to misleading the public and acting as a government propaganda tool. Vital polls and assessments of the true impact of the Ruling Class War on America is non-existent, and citizens who desire to find real news and an unbiased assessment of the economy have no alternative other than relying on the Internet to glean the real impact of the "recession" (sic) on the American economy. Global Research, who has always been on the forefront of publishing reports the MSM refuses to relay to the public released this astounding report the Pew Research Center published in March:

Collapse of the Standard of Living in the USA Studies Reveal Declining Living Standards and Increasing Anger
by Hiram Lee

Global Research, April 24, 2010

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A series of recent studies conducted by the Pew Research Center shed new light on the scope of the economic crisis in the US and the level of hostility the majority of the American population holds for the US government.

Released in March, before the passage of the Obama administration's health care legislation, a survey entitled "Health Care Reform--Can't Live With It, or Without It" indicates that 92 percent of Americans give the national economy a negative rating. No fewer than 70 percent of the respondents report having suffered job-related and financial problems in the past year, an increase from 59 percent the year before. Fifty-four percent report someone in their home has been without a job and looking for work in the past year, up from 39 percent in 2009.

The poll saw an aggravation of conditions in every area of economic life studied the year before. Increasing numbers of people are reporting difficulty receiving or affording medical care (26 percent) or paying their rent or mortgage payments (24 percent). More Americans faced problems with collections and credit agencies (21 percent), or had mortgages, loans or credit card applications denied (19 percent).

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As could be expected, the poorest Americans are suffering the most. Some 44 percent of those making $30,000 per year or less report difficulty obtaining medical care, compared to 11 percent of those making $75,000 per year or more. A similar gap can be found in the category of rents and mortgages, with 37 percent of those making $30,000 or less reporting difficulty making rent or mortgage payments, compared to 11 percent of those making $75,000 or more. However, the percentage of those facing difficulties paying rent has increased dramatically for both groups since 2009.

The Pew survey found that 85 percent of Americans reported difficulty finding jobs in their communities.

"A Year or More: The High Cost of Long-Term Unemployment" reports that no fewer than 44 percent of unemployed Americans met or exceeded the standard measure of long-term unemployment (six months or more) in March 2010. This marks the highest rate for long-term unemployment levels since World War II.

Forty-three percent say the government has a negative effect on their daily life, up from 31 percent in 1997.

While approval ratings for the government are remarkably low, with 65 percent saying the federal government and congress have a negative impact "on the way things are going in the country," the approval ratings for other major institutions are as low or lower. Sixty-nine percent of those surveyed say banks and other financial institutions have a negative impact on the way things are going in the country, while 64 percent say "large corporations" have a negative impact. Some 57 percent say the national news media has a negative impact, while 49 percent say labor unions have such an impact.

The report states that "more than six-in-ten (62%) say it is a major problem that government policies unfairly benefit some groups while nearly as many (56%) say that government does not do enough to help average Americans."

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Taken as a whole, the Pew studies from March and April offer additional insight into the growing social misery under conditions of the worst economic crisis since the Great Depression, and the outrage it is generating.

Wide layers of the population, who have seen trillions of dollars funneled from the public treasury into the coffers of Wall Street executives while their own living standards have been assaulted, their jobs slashed, their children's schools closed, and vital social programs such as Medicare cut by billions of dollars, have no faith in the US government to secure their most basic social needs.

The corporate-controlled news media, along with the major institutions overseeing the nation's educational needs and basic food and medical resources, are considered corrupt and untrustworthy, contributing to the suffering of millions. READ THE ENTIRE ARTICLE HERE

This is a damning report that indicates the economy may be improving, but not for Main Street! It's extremely disturbing that the economic recovery is defined as improving by our Mainstream News Media and business insider's based on the performance of the Stock Market, not how the Average American is weathering the worst economic downturn since World War II. For those whom are reading this post, how many of you making less than $45,000 per year own stock? How does the performance of Wall street Elites affect your daily lives? Please excuse me if I don't become overjoyed knowing that America's ruling elites are rolling in profits while the rest of us wonder how we're going to feed our families for the rest of the month.

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My Bio is as varied as my life. Approx. 4 years ago my twin sons murdered a Journalist in Pensacola, Fl., for 100K worth of "Magic The Gathering" playing cards and buried the body in my backyard. I was once a regular writer here, but PTSD from (more...)
 

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