Arianna Huffington: Middle Class the New Poor
Two million Americans lost their homes last year, says Arianna, proving that the middle class is the new poor.
"Upward mobility has been replaced by downward mobility," Huffington said. "We have a 100 million people right now who are doing less well than their parents were at their same age. Two-thirds of the American people now believe their children will not do as well as they are doing. The data are stunning."
In her new book Huffington doesn't point fingers at any one party but says "politicians are abandoning the middle class" and campaign finance reform has to be part of the solution. "Right now powerful public interests buy public policy," she said today.