For the poor and the middle class, it's all downhill from here.
WRISEUP.COM
For months now, the economists, politicians and pundits having trip[ping over each other in their bids to predict when the current global recession-cum-depression will end.
But the simple reality is that for most Canadians and most Americans, it might not ever really end.
The simple fact is that the poor and the middle class in both countries have been on a treadmill for the past 30 years and have only just entered into what will be a steep, long-term decline in real incomes.
For the past generation, common households have been able to hold their heads above water only by contributing more and more working hours, benefitting from small tax cuts and, especially, careening toward the debt wall in a futile effort to maintain the standard of living to which they had become accustomed.
Over the course of that time, a succession of NeoLiberal and NeoConservative governments, both equally committed to the corporate agenda and the socioeconomic elite that set that agenda, have been driving the masses toward ruin in both Canada and the U.S.
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