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Trump will score another win if Big Media fetishizes his soap opera while the working class suffers

2 56 45
17.02.2019

You probably missed it unless you are closely tracking the predations of late stage vulture capitalism as it continues to suck the marrow out of the bones of America’s working class who under Trump are just sinking, like the Federal government itself, deeper and deeper into debt.

The good news is, if you came out of your house to go to work recently and found your car was gone because it was repossessed, you are not alone. You are part of growing cohort of millions of other Americans for whom life sucks, even though they seem to be working all the time.

In the midst of the never-ending Trump border wall sandstorm it was easy to miss the alarming report that we just set a new record for the number of Americans who have fallen at least three months behind in their car payments.

That’s right, in the midst of Trump’s so-called great economy, seven million Americans, a record number, have fallen into that 90-day abyss where quite literally the wheels have come off their household finances. This bad news came in an analysis of America’s deepening swamp of household debt done by the New York Federal Reserve.

The previous record was set in 2010, just as Obama was triaging the Great Recession and building his arc for Wall Street. Now, there’s a million more American households at risk of losing their wheels because they can’t make enough money to keep their car, pay rent, feed their families, see the doctor, and in many cases keep their student loans current.

This is just one more deliverable from the policies pursued by the Don in the White House and his pinstriped corporatists that he’s placed in high government positions who have been blocking and tackling on behalf of predatory payday lenders.

In the last two years these wise guys have tried to disappear the consumer........

© Salon