Time magazine made Vladimir Putin its Man of the Year. Chalk it up as nostalgia for the Cold War, when America was great and a working man in a state like Michigan had two cars, a nice house, a country cottage, a health plan, a pension and a wife who stayed at home, canning fruit and batting her eyes at the postman. These days he has two lousy jobs, she has three and they have negative equity in their home, no health plan and no pension.

A couple of indices of how down many Americans a ...

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