Reason.tv: To hear the Lou Dobbses and Bill O'Reillys of the world--not to mention politicians ranging from Ron Paul to Hillary Clinton--the middle class of America (however you define that term) has never had it so tough. Between credit squeezes, out-of-control immigration, rising costs of education and health care and everything else, it's all darkness out there for those of us who are neither millionaires nor welfare cases, right?
In "Living Large," Drew Carey and Reason.tv examine the plight of the American middle class. What do they find?
Featured in the video is Michael Cox, chief economist at the Federal Reserve Bank of Dallas. On the topic of the middle class making ends meet Cox says, "If you’re willing to settle for the living standards of the 1970s, it’s easy to make ends meet. It’s not the high cost of living, it’s the cost of living high, and it’s the fact that we insist on having so much more today." Further, "Americans are richer today than at any time in history. We should really be thankful that we live in a society where we don’t have to work day and night in order just to eke out a living."
Despite what Lou Dobbs and the media tell us, just by being alive in 21st century America, even if you're middle class, you've "won first prize in the lottery of life."