I was recently browsing around to see if the current economic problem our country has been moving towards has been linked at all to the problems we also have with economic inequality. I found this video that does a little bit of that, and also discusses the implications of the housing crisis for the “forgotten class.” There has been a big push by the government to introduce a stimulus package into our economic market to try and boost the economy. Basically, the commentators in the video believe that the economic stimulus package will turn out to give a sense of false hope to people of the lower class. They will benefit from a little extra money in their pockets, but in the long run, if the stimulus does not fix the economy, many of the these people will actually have more problems as the industries they are most heavily employed by experience job loss and unemployment. The video continues on with just who the “forgotten class” is, and how many of the recent positive strides they’ve made may be erased by the housing crisis.
