‘Do you think that we have reached the end?’

I can hardly wait to read Thomas Frank’s new book.

Here’s another excerpt.

A while ago I spoke at a firefighters convention in the Pacific Northwest, talking as I always do about the ways we have rationalized these changes to ourselves.

Firefighters are the sort of people we honor for their bravery, but they also happen to be blue-collar workers, and they have watched with increasing alarm what has been happening to folks like them for the last few decades . . . watched as the people formerly known as the heart and soul of this country had their lives taken apart bone by bone.

listen,liberal.9781627795395They themselves still make a decent living, I was told—they are some of the last unionized blue-collar workers who do—but they can see the inferno coming their way now, as their colleagues in other parts of the country get their contracts voided and their pensions reduced.

After I spoke, a firefighter from the Seattle area picked up the microphone. Workers had been watching their standard of living get whittled away for decades, he said, and up till now they had always been able to come up with ways to get by.

The first adjustment they made, he recalled, was when women entered the workforce.  Families “added that income, you got to keep your boat, or your second car, or your vacation, and everything was OK.”  Next, people ran up debt on their credit cards.  Then, in the last decade, people began “pulling home equity out,” borrowing against their houses.

“All three of those things have kept the middle class from having to sink down into abject poverty,” he said. But now all three coping mechanisms were at an end.  There were no more family members to send to work, the expiration date had passed for the home-equity MasterCard, and still wages sank. His question was this: “Is there a fourth economic savior out there, or do you think that maybe we have reached the end?”

I had no good answer for him.  Nobody does.

Source: Listen, Liberal

EXCERPTS FROM LISTEN, LIBERAL

Listen, Liberal on Thought Matters | HuffPost Books.

Bill Clinton’s odious presidency: Thomas Frank on the real history of the ’90s on Salon.

Nor a Lender Be: Hillary Clinton, liberal virtue and the cult of the microloan in Harpers.

Withering on the Vine in The Baffler.

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