George Bush has failed the middle class BY JOE RODRIGUEZ, Knight Ridder
When the last factory in America closed and the last blue-collar worker learned to design video games, we were all going to be just like Ted Loewenberg, 21st-century technology man. Then even he got downsized.
"The irony is that my peers at IBM used to think of themselves as part of management, as part of the team,'' he said on a bus in San Francisco. "But like me, they ultimately found out they were just working stiffs.''
After 28 years, Big Blue gave the 56-year-old a pink slip in 2001. He used to search for start-up companies for IBM to equip. Now he searches for odd jobs while he and his wife, Leah, rent out rooms in their house and dip into their retirement savings.
Welcome to the New Economy, same as the Old Economy, where the biggest issue is vanishing jobs.