"Jon Elson" wrote in message
...
Ed Huntress wrote:

Yes! The source of America's strong economy for 50 years was an overpaid
and underworked middle class. g Given that our growth has been
stimulated mostly by individual consumption, there's a lot of truth in
that wisecrack. Restoring it in a globalized economy, however, probably
is impossible.

Actually, I think we were living off the backs and labor of the REST of
the world,

Actually we were squandering the wealth earned by an earlier generation and
the wealth that would necessarily have to be created by the next.
We have arrived.


JC