The World’s Largest Economy: A Poor Rich Country

Had the Republicans been the ones statistically showing just how much poorer Americans have become in 18 months of Obama’s presidency, they might have been regarded as malicious. The publication of the data by the main statistics agency in the U.S. got Obama to admit “how tough 2009” had been.

Another four million are poor, another five million unemployed, several million underemployed and insolvent debtors. This is the balance sheet presented by Obama, who was brought to the White House by the greatest wave of hope America had known for decades.

Nowadays, it’s exactly the middle-class — hypnotized by the old “Yes, we can” — that is suffering the most. America’s backbone is getting thinner by the day, in addition to the fact that the American dream is gradually being replaced by the Brazilian version of it — a few extremely rich, many extremely poor and a middle-class that is statistically insignificant.

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