"The Great Stagnation."

[CG6468]

CRAIG:

Hello and welcome to the Newsmax broadcast of Meltdown on Main Street.

My name is Craig Step, and today we are going to discuss the most serious financial epidemic since the Great Depression.

I'm talking about the rapid extinction of the American middle class — a social and economic catastrophe that has almost certainly impacted your ability to achieve the prosperity you deserve.

As you know, the first decade of the 21st century is now behind us.

And while it delivered great wealth to a select few, the last 10 years have been a "lost decade" for the average American Family.

As I am speaking with you today, the U.S. stock market is 20% lower than it was 10 years ago.

And when you add up the wealth that was destroyed by the dot-com crash . . . the housing bubble . . . and now the Great Recession, independent investigations reveal that U.S. households have lost more than $25 trillion over the last 10 years.

That's more than $85,000 for every man, woman, and child in this country.

The baby boomers alone have lost more than a quarter of their collective net worth.

Even the wages that U.S. workers earn at their jobs are declining.

And with less money in our pockets, the American family is faced with rising prices everywhere we turn.

Since 2000, health insurance is up 69% . . . college tuition has doubled . . . food prices are near all-time highs . . . and it now costs 48% more to fill up your tank!

The very foundation of the American dream is that we become wealthier and more secure as the years go by, but instead, we are falling behind. And unfortunately, the next "lost decade" has already begun . . .

Economists from Goldman Sachs suggest we're heading for the "The Great Stagnation."

For some reason, I couldn't play the video. 

The story of my life - a day late and a dollar short...

[JohnnyReb]

Vince Coakley, black conservative radio talk show host, says it has hit the black community the hardest. They have lost more net worth than any other group.

I assume he means by some percentage of net worth.

Got to get them ready for the "Obama Attacks Whitey War".

[obumazombie]

The black community has definitely suffered most under owebuma. But their support of him will not flag. There is some twisted logic connecting the dots leading me to conclude that not only are lib/dems racist against blacks, but blacks are too.

[docstew]

The black community has definitely suffered most under owebuma. But their support of him will not flag. There is some twisted logic connecting the dots leading me to conclude that not only are lib/dems racist against blacks, but blacks are too.

You could be right. Notice how the only place where it's socially acceptable to use racially derogatory words are by the various ethnic populations kept on the Democratic Party plantation.