Thursday, August 05, 2010

WMDs, Weapons of Mass Delusion

On there's an article by Michael Lind which I read several times in order to grasp its full import. This is a brief quote...

“Millions of Americans who by objective standards belong to the working class or lower middle class have persuaded themselves that they are part of the professional-investor elite, because they have worthless degrees from diploma mills, negligible amounts invested in stocks, and suburban trophy houses they cannot afford. For the college graduates at Starbucks working to pay off student loans for degrees that they will never use, as for the millions of Americans who are now ‘underwater,’ owing more on their mortgages than their houses are worth, the American dream has turned into a nightmare.”

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