Quote from denner:
It's a deliberate attempt to bankrupt the middle class and destroy the sovereign individual. Without the means to keep pace with the inflation and the dollar debasement, he/she will be forced to either borrow more (favor the banks) or live off of government assistance (cynically, a ploy to gain another Democratic voter). Of course, I'd be remiss if I didn't mention this was a big part of Bush's playbook as well, so it is a bit unclear which party this does benefit. In either event, it's a crude way to create more loan demand at some point as it forces borrowing (just like the higher education scam) where no middle class parent can afford to drop anywhere from $80k-$200k for these costs. Heck, private secondary schools are running $10-15k a year as well.
Quote from Hello:
I fully agree that Bush basically did the exact same thing. The destruction of the USD been the U.S. monetary policy for years.
I am still up in the air in terms of whether or not i believe it is "deliberate" in the sense that they are intentionally crushing the middle class, or deliberate in the sense that they are following an agenda they are actually naieve enough to believe is good for america.
There is no question in my mind that what they are doing is deliberate, the only question is whether or not they actually believe what they are doing is good, or they are crushing america for their own personal reasons.
Quote from Ricter:
The middle class is being squeezed because their jobs have been going overseas. It's not deliberate, it's "built into" capitalism--capital goes where the returns are to be found.