Double dip recession
 

Many factors say we're heading for a double dip recession. Here in NC the unemployment numbers are again on the rise after some minor employment growth. Rising gas cost, the debate over the debt ceiling and most of the bailout money has been worked through the system, so it's basically gone. Foreclosure in NC are higher now than anytime in the past, so housing market still is bad.

Food and gas now take an average of 16% of income for most middle class.

Hoping we don't see a double dip, but seems very possible. As many economist stated the bailouts were done so poorly, we got little bang for the buck, except corporations made some great profits. With interest rates at an all time low, it helps the stock market some, but with it
comes inflation. Last I checked the Central bank already had interest rates to 0, simply not anything else they can do.

double dip? but corporate profits are up!! who cares about middle america!! money, money money!!!

What do you care about Middle Class America Gimpy? :DL

Didn't you say recently that you made only $500 bucks last year? That would put you firmly in the Poor Class ranks, well out of the Middle Class bracket.

Don't forget that real Middle Class Americans usually have a stock portfolio. To us larger corporate profits mean larger dividends.

It's a good point, (and one that's often overlooked by those who advocate class warfare), but at the risk of being nit-picky what's with the word 'real' in that sentence?

Did you intend to imply there is such a thing as 'unreal' or 'fake' Middle Class Americans? Or, (as would seem more likely), did you mean it the sense of 'actual' Middle Class Americans? :hmmm:

no that what they took out of my paycheck. I made like 3 grand in the summer, had 4 something at the end with some gifts for college.

I care about the middle class because it's my future

I'll take door number two Monty.

Got a portfolio yet?

I only got one door and stop calling me Monty... ;)