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New America Foundation Tom Gallagher, CFA ISI Group June 25, 2008 High Oil Prices, Plummeting Home Values and the State of Middle Class America.

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Presentation on theme: "New America Foundation Tom Gallagher, CFA ISI Group June 25, 2008 High Oil Prices, Plummeting Home Values and the State of Middle Class America."— Presentation transcript:

1 New America Foundation Tom Gallagher, CFA ISI Group June 25, 2008 High Oil Prices, Plummeting Home Values and the State of Middle Class America

2 ISI Group Cyclical – No recession, no recovery Cyclical – No recession, no recovery Secular – Will 08 be the reverse of 80? Secular – Will 08 be the reverse of 80? Two perspectives on the economic outlook for the middle class

3 ISI Group

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7 Voters Lean to Bigger Role for Govt Statement A: Government should do more to solve problems and help meet the needs of people, or Statement B: Government is doing too many things better left to businesses and individuals. Source: NBC/WSJ.

8 ISI Group Source: http://elsa.berkeley.edu/~saez/TabFig2006prel.xls

9 ISI Group Source: Unequal Democracy: The Political Economy of The New Guilded Age, Larry M. Bartels


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