Monday, December 24, 2007

WaPo to Dobbs, Dems: Eat it.

Somebody at the Washington Post has noticed that all the Lou-Dobbsian and Democratic rhetoric about the middle class just isn't so.

"[T]he entire "decline" of the middle class came from people moving up the income ladder."

"Assets have grown faster than debts for most middle-class families."

"And Commerce Department data show that even at the state level, including in Midwestern "Rust Belt" states, employment is up at least 14 percent since 1993, the year the North American Free Trade Agreement was passed."

"Per capita income has increased by at least 15 percent in every state since 1993 -- a good sign that state economies are large enough to adapt to the changing economy."

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