I believe that the mortgage percentage are an excellent indicator on how the economy is affecting the middle class. It is the middle class that has a bulk of the mortgages and it is also the middle class that bears the brunt of this bad economy. It is not at all uncommon in my experience to be working with people that are trying to pay their mortgages each month and any setback means a missed payment. The amount of taxes these people pay is a secondary concern for those just trying to pay their monthly bills. I think most of these folks, assume that they are paying the same taxes as the rich and would be shocked to see the disparity in tax rates. This can especially be true for middle class business owners that are beset by business related taxes and expenses on top of their personal obligations.
If our politicians cannot come together and make the middle class the object of US economic policy, then I think it is akin to Nero playing the fiddle while Rome burned. I am primarily speaking to Republicans, who, while trying to be heard and make policy, continue to lead the way in stonewalling, filibustering and flat out stopping any attempts to compromise over any issues. Most of this is done by kowtowing to the far right tea-partiers instead of forcing them to come towards the middle.
Meanwhile on the Republican campaign trail, its all about teaching creationism in public schools, crazy eyes, gay marriage and "birthers"....really vital issues to most of the middle class..... we're all doomed!!!!!
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