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Economic Update: The Death of the Middle Class

Updates on polls showing most Americans want less inequality; why Tea Party types fixate on government debt; why French right-wing and other far-right parties gain support; and more.

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Updates on polls showing most Americans want less inequality; why Tea Party types fixate on government debt; and why French right-wing and other far-right parties gain support. Major discussion on US businesses recognizing the death of the middle class; the contradictions of Germany’s position within Europe’s economic crisis; and part 1 of an analysis of what the USSR was. Response to listeners on why official unemployment targets are 4-6.5 percent rather than feasible and better 0-0.5 percent.

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