The President wrote:
The middle class is an endangered species.
It's extinct, they just don't realize it yet. How much of what people make do you think is spent purely on neverending debt? Student loan debt, credit card debt, car debt, housr debt, or rent which goes to pay off the debt of the landlord. And the shitty economy and unemployment just forces most of the population deeper into debt. I'd wager most people in the current generation in America will live their entire lives in debt. A far cry from the world my grandparents grew up in, where working your whole life would eventually ammount to something. Now, you just live to work to make some bank richer and then you die, and your children do the same.