2007-01-20

The Shrinking Middle Class

The middle class is shrinking because:

A. Formerly middle class Americans are slipping into poverty as their incomes and wealth get siphoned into the coffers of fat cats lighting $100 cigars with $20 bills.

B. America’s families are getting wealthier; a thriving economy is producing a bigger pie, and formerly middle class Americans have their incomes and wealth swollen so much than they now qualify as upper class.

Larry Kudlow ways that the answer is "B."

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