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Jerry Pippin the Oklahoma political commentator host this series of programs on Liberalism in American politics.
By Jerry Pippin A recent survey showed that middle-income neighborhoods have been disappearing (down 34% in three decades). We are talking aboutneighborhoods in cities and suburbs with working-class homes and incomes less than about $100,000. There are not many such homes remaining. The people have either moved to urban slums, or a few have been lucky enough to escape to walled communities. But the point is simply that economic chains have been tightened around average Americans, thus slowly but surely pushing them in a downward spiral rather than in an upwardly mobile direction. Meanwhile executives of corporations are given government approval, such as Freddy Mac's, as when sitting in front of congress saying they may have made millions in their jobs and deserve it. Astoundingly many of these executives could not remember precisely how much they made, when they made it, and so on. Even congressmen--who, by the way, are morewealthy than ever--were rather disbelieving. One said, "I think I would remember the year I became a millionaire." So what do we conclude from this? Is it that in order to become a highly-paid executive in the financial business you have to be stupid? Or is it that you have to be willing to avoid, obfuscate, and dodge any accountability to the public?
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