The middle class is being hollowed out; increasingly, there are the super-super-rich, and there are the rest of us.
Tags: American economy
Something Had to Give: How Oil Burst the American Bubble
BY MICHAEL T. KLARE TomDispatch.com/Truthout ALTERNATIVE READER Posted by Bulatlat Vol. VIII, No. 2, February 10-16,2008 The economic bubble that lifted the stock market to dizzying heights was sustained as much by cheap oil as by cheap (often fraudulent) mortgages. Likewise, the collapse of the bubble was caused as much by costly (often imported) oil…