What’s happened to the middle class?

The 1970’s were difficult times economically and socially. Rampant inflation, an oil embargo and the Iranian hostage Crisis. Maybe it’s Watergate, the Viet Nam War or perhaps the only presidential resignation that seem to make it a memorable decade. All those events set the stage for the Reagan presidency of the 80’s. Partisans ignore the Iran-Contra Scandal, that the national debt, unemployment (10.8% in 1983) and the largest percentage drop in the stock market since …

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