Thanks to William Shepherd:
In David DeGraw’s study of the true state of the USA entitled The Economic Elite vs. The People of the United States of America, he argues that the American middle class is being eliminated by a rapacious economic elite, who make up just one percent of the population and represent nobody but themselves. The process did not begin with sub-prime mortgages and the credit crunch but has been accelerated by both…and by Obama’s coerced responses to them, which have benefited Wall Street at the expense of Main Street.
David DeGraw lays out a thoroughly researched case…including truly shocking statistics on the state of the richest nation on the planet…and suggests a way to connect the dots and explain what is going on.
An 18-page 14000 word article by David DeGraw…see attached Word version…has been posted on the cesc website at http://cesc.net/adobeweb/dispatches/economicelite.pdf. The cesc version can also be accessed via the William Shepherd bookmarks at: http://delicious.com/williamshepherd/dispatches .