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Keyword: middleclass

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  • The Privileged vs. the White Working Class

    11/10/2015 7:26:27 AM PST · by Servant of the Cross · 7 replies
    National Review ^ | 11/10/2015 | Victor Davis Hanson
    Truck drivers, trappers, farmers don't rate in the eyes of our elites. A recent study published by the National Academy of Sciences, co-authored by a Nobel laureate, revealed a spiraling death rate since 1999 of Americans described as middle-aged (45 to 54), middle/working-class (without a college degree) whites (apparently self-identified as such). That is not supposed to happen to sizable demographic groups in our postmodern societies. The regression to shortened lifespans is more akin to the trend in the old Soviet Union than in the United States. The supposed culprits are inordinate use of alcohol and drugs (both legal and...
  • Why Inequality Is the Democrats’ Dilemma

    10/24/2015 9:54:07 AM PDT · by Kaslin · 3 replies ^ | October 14, 2015 | John C. Goodman
    Strike up a conversation with any taxi cab driver or any fry cook at a roadside diner and the word “inequality” is unlikely to ever come up. That’s not on the list of top concerns for middle class America. It’s also not on the list of concerns for the world’s poor. Millions of people are willing to risk life and limb just to come here and start out at the bottom of the income ladder.(Don’t the immigrants realize how unequal things are? Yes, they want to live in a country where a poor immigrant can become a billionaire.)So why is...
  • Goodbye Middle Class: 51 Percent Of All American Workers Make Less Than 30,000 Dollars A Year

    10/21/2015 7:55:14 AM PDT · by SeekAndFind · 42 replies
    EAD ^ | 10/21/2015 | Michael Snyder
    We just got more evidence that the middle class in America is dying. According to brand new numbers that were just released by the Social Security Administration, 51 percent of all workers in the United States make less than $30,000 a year. Let that number sink in for a moment. You can’t support a middle class family in America today on just $2,500 a month – especially after taxes are taken out. And yet more than half of all workers in this country make less than that each month. In order to have a thriving middle class, you have got...
  • Poverty pimps owe middle class $22 trillion in reparations

    10/01/2015 8:38:35 AM PDT · by simpson96 · 11 replies
    American Thinker ^ | 10/1/15 | M. Catharine Evans and Ann Kane
    Presidential candidate Donald Trump's newly released tax plan is putting the plight of the middle class in the spotlight. On Sunday, Trump told CBS News anchor Scott Pelley his tax plan is "a substantial reduction for the middle-income people ... [b]ecause our middle class, Scott, is being absolutely decimated." The decline of the middle class has been going on for over 50 years, and no politician, pundit, or media outlet has focused on it sufficiently.Who are the poverty pimps?Any politicians who have ever voted for legislation that took money out of Americans’ pockets and put it in failed programs in...
  • Ruminations on the 2016 Election

    09/27/2015 1:07:13 AM PDT · by 2ndDivisionVet · 4 replies
    The Z Man ^ | September 22, 2015 | The Z Man
    There’s an old chestnut about how a frog in water that is very slowly heated will not jump out. Instead it will remain in the water and be boiled alive. This is most likely untrue as frogs are not as stupid as people, but the metaphor is often used to describe how cultures can evolve in terrible directions. Anyone over the age of 40 understands this because they can think back to their childhood, seeing how things have changed, for good and ill. A better example of this is the immigration crisis in Europe. Over the last few decades, European...
  • The Middle-Class Squeeze

    09/26/2015 7:14:32 AM PDT · by Theoria · 12 replies
    The Wall Street Journal ^ | 26 Sept 2015 | Charles Moore
    If Western countries want to disprove the dire forecasts of Karl Marx, we must think creatively about how to make the middle class more prosperous and secure Go back, for a moment, nearly 30 years. In March 1987, Margaret Thatcher visited Mikhail Gorbachev, the reforming leader of the Communist Party of the Soviet Union, in Moscow. Sitting in the Kremlin, the two argued for hours. At one point, Mr. Gorbachev accused Mrs. Thatcher of leading the party of the “haves” and of fooling the people about who really controlled the levers of power. The Iron Lady had an answer: “I...
  • Bill Gross' Latest: "Mainstream America Is Being Slowly Cooked Alive"

    09/23/2015 8:19:20 AM PDT · by SeekAndFind · 7 replies
    Zero Hedge ^ | 09/23/2015 | Tyler Durden
    While hardly as dramatic as Bill Gross' last letter in which he urged readers to "go to cash" as a result of the "Frankenstein creation" that ZIRP has created, his latest letter "Saved by Zero" takes a calmer stance and taking a page out of Paul Marshall's FT Op-Ed profiled yesterday, urges central banks to "get off zero" as the "developed world is beginning to run on empty because investments discounted at near zero over the intermediate future cannot provide cash flow or necessary capital gains to pay for past promises in an aging society. And don’t think that...
  • Irreconcilable Differences (Good Read)

    09/18/2015 12:57:10 PM PDT · by mojito · 32 replies
    The Zman Blog ^ | 9/18/2015 | Zman
    ...There’s a huge chasm between the ruling class of American society and those over whom they rule. It’s not simply a disagreement over the direction of society. In many respects, the duty of the ruling class is to guide their subjects to the right policies. In a sane society, the people in charge are smarter and more knowledgeable so they better be more right than the masses. No, the dispute today is over the nature of society and it is an irreconcilable dispute. The ruling class of today imagines a world that does not include a thriving, rambunctious middle class...
  • Trump — Key To Ending Wall Street’s Devastation Of America’s Middle Class

    09/16/2015 11:11:39 AM PDT · by Starman417 · 9 replies
    Flopping Aces ^ | 09-16-15 | James Raider
      Wall Street and its senior bankers have laid America down  to sleep.  They have done it in less than one generation.  They lost their way and corrupted their role in our capitalist society, having used wealth to control and manipulate the political process, producing ever increasing, and even obscene, wealth. For the purpose of this article, Wall Street refers to the agglomerated mess of brokerages and banks invigorated by Clinton’s passing of the Gramm-Leach-Bliley Act in 1999, repealing the 1933 Glass-Steagall Act, separating deposits from the speculation of the stock market casino.  After which, Clinton doubled down with...
  • Western Media Discovers ‘5-Star Gaza’

    08/24/2015 4:50:22 PM PDT · by Olog-hai · 7 replies
    INN ^ | 8/24/2015, 1:20 PM | Ari Yashar
    Western media has often been criticized by Israel for only on rare occasions presenting Gaza as anything other than an open-air prison suffering from Israeli blockades, but an unusual glimpse into the glamorous life of Gaza’s middle class made its way to light on Sunday. Articles such as an Economist expose in 2012 detailing golden Porsches and Hummers cruising the streets of Gaza under corrupt Hamas rule were joined by a Washington Post report, revealing on Sunday how the “other half lives” in the terrorist enclave. The article begins by noting how under-reported the middle class aspect of Gazan life...
  • ‘Why I can’t get a mortgage’: One man’s tale of woe in the abused middle class

    08/24/2015 6:04:06 AM PDT · by SeekAndFind · 97 replies
    Washington Times ^ | 08/24/2015 | Stephen Moore, Heritage Institute
    Last month I bought a house in Potomac, Md., a trade up on my current home, and was shocked to learn in the ensuing weeks that I couldn’t get a mortgage loan. First, I went to PNC bank. Then Wells Fargo. Then another. Denied. Denied. Denied. No, I don’t feel entitled to a loan, and the banks have every right not to lend me money. But my tale of woe tells a broader tale of what is going on in the lending industry these days. All the bankers told me the same thing: “Steve, if you’d walked in our bank...
  • Strange bedfellows: Donald Trump and the white working class

    08/23/2015 9:05:46 PM PDT · by 2ndDivisionVet · 68 replies
    Reuters ^ | August 23, 2015 | Justin Gest
    Republican presidential candidate Donald Trump clearly prides himself in shunning focus-group research. He refuses big campaign donations that he asserts make his opponents beholden to special interests. He seems to target no specific constituency. Many pollsters remain puzzled by Trump’s political appeal. “Republican support for Donald Trump just continues to grow,” said Patrick Murray, director of Monmouth Polling after its August survey, “with no clear sense of who his constituency really is.” Yet a constituency is emerging. Trump’s strongest supporters, roughly a quarter of Republican voters across the polls, are not dissuaded by any increased media scrutiny of their candidate....
  • 8 reasons manufacturing is great for America

    08/11/2015 9:16:38 AM PDT · by T-Bird45 · 38 replies
    Inc magazine online ^ | 8/10/2015 | Drew Greenblatt
    In a scathing rebuke of the importance of U.S. manufacturing in The New Yorker ("What's So Great About Manufacturing?") James Ledbetter attempted to dismantle the benefits of manufacturing in our transformational age. Ledbetter, who is editor of Inc. Magazine and this website, is wrong. Here are 8 reasons U.S. manufacturing is great for America and critically important to focus policy solutions to help this job machine thrive. 1. Manufacturing creates strong middle-class jobs. 2. Manufacturing jobs create dignity. 3. Manufacturing creates wealth for a nation. 4. Manufacturing is critical during wars. 5. Factories are safer than ever before. 6. U.S....
  • Crushing the Poor & Middle Class with the EPA

    08/05/2015 2:51:01 AM PDT · by markomalley · 21 replies
    Frontpage ^ | 8/5/15 | Matthew Vadum
    President Obama is surreptitiously colluding with radical anti-growth environmentalists to force ideologically driven carbon-emission controls on the energy industry that will devastate the U.S. economy, congressional investigators have discovered. As the Environmental Protection Agency (EPA) drew up rules aimed at limiting carbon emissions from power-generation plants, "key stakeholders — including the American public — had little to no influence over the debate while powerful environmental activist groups were given unprecedented access to and influence over administration officials," the Washington Times reported yesterday. Collusion between the EPA and the green's isn't exactly breaking news. They've been doing it for years, but...
  • Can Sarah Palin sell Donald Trump to ‘Joe Six-Pack’?

    08/03/2015 4:02:56 PM PDT · by 2ndDivisionVet · 148 replies
    The Politico ^ | August 3, 2015 | Daniel Strauss
    <p>Smart politics is behind the alliance of the GOP’s two leading bomb-throwers.</p> <p>To many Republican presidential contenders, Sarah Palin is a skunk at the party, someone to be handled gingerly and kept at arm’s length.</p> <p>To Donald Trump, she is Cabinet material, “a special person,” and a worthy presidential contender in her own right.</p>
  • Hillary's Tired, Demagogic Economic Proposals

    07/14/2015 7:52:27 AM PDT · by Kaslin · 8 replies ^ | July 14, 2015 | David Limbaugh
    Hillary Clinton is a walking, talking cliche who spouts decades-old sound bites that were bad enough when her husband first delivered them but are painfully anachronistic today. Same old material, same old demagoguery. You would think a self-styled "progressive" would be less regressive and reactionary, but this woman apparently believes that the Clinton magic of the '90s can be dusted off and resurrected without the slightest rhetorical modification. The problem with that is that Clintonomics only works on the heels of Reaganomics and liberals have been squeezing every last ounce of Reaganomics out of our system. In her first major...
  • Pundit's Death Marks End of An Era for Democrats

    07/03/2015 7:25:32 AM PDT · by Kaslin · 6 replies ^ | July 3, 2015 | Jonah Goldberg
    Ben Wattenberg died this week at the age of 81. He gave me my first job in Washington, as his research assistant at the American Enterprise Institute, a Washington think tank. (I returned to AEI as a fellow a few years ago, my office just a few doors down from where Ben used to work.) Ben was one of the last star pundits of what might be called the Old Order, before cable news and the Internet transformed the landscape. When everyone was rushing to CNN to shout at each other on "Crossfire," he launched a PBS show called "Think...
  • The American middle class isn’t coming back — it’s going to die with the Baby Boomers

    06/15/2015 12:22:04 PM PDT · by Cincinatus' Wife · 168 replies
    Salon ^ | June 15, 2015 | Scott Timberg
    It’s no secret that the American middle class has been on the ropes for a while now. The problem isn’t just a crippling recession and an economic “recovery” that has mostly gone to the richest one percent, but the larger shifting of wealth from the middle to the very top that’s taken place since the late ‘70s. Add in things like the dismantling of unions that has accelerated apace since Ronald Reagan crushed the air-traffic controllers, and we’ve seen the middle class more solid in places like Canada, Germany, and Scandinavia, and begin to grow in a number of nations...
  • The American "Economy" (Summed Up In 1 Cartoon)

    05/28/2015 11:15:06 AM PDT · by SeekAndFind · 17 replies
    Zero Hedge ^ | 05/28/2015 | Tyler Durden
  • 7,231,000 Lost Jobs: Manufacturing Employment Down 37% From 1979 Peak

    05/13/2015 6:43:50 AM PDT · by xzins · 40 replies
    CNS ^ | May 12, 2015 | Terence P. Jeffrey
    The number of jobs in manufacturing has declined by 7,231,000--or 37 percent--since employment in manufacturing peaked in the United States in 1979, according to data published by the Bureau of Labor Statistics. The real median household income of Americans who have completed high school--but have not attained a higher degree--also peaked in the 1970s and has declined since then. In fact, according to the Census Bureau (Tables H-13 and H-14), the real median household income of an American householder who has completed four years of high school peaked in 1973 at $56,395 in constant 2013 dollars. By 2013, it was...
  • As Middle Class Fades, So Does Use of Term on Campaign Trail

    05/11/2015 7:51:22 AM PDT · by Theoria · 23 replies
    The New York Times ^ | 11 May 2015 | Amy Chozick
    Hillary Rodham Clinton calls them “everyday Americans.” Scott Walker prefers “hardworking taxpayers.” Rand Paul says he speaks for “people who work for the people who own businesses.” Bernie Sanders talks about “ordinary Americans.” The once ubiquitous term “middle class” has gone conspicuously missing from the 2016 campaign trail, as candidates and their strategists grasp for new terms for an unsettled economic era. The phrase, long synonymous with the American dream, now evokes anxiety, an uncertain future and a lifestyle that is increasingly out of reach. The move away from “middle class” is the rhetorical result of a critical shift: After...
  • Beliefs and Outcomes

    04/30/2015 5:34:31 AM PDT · by Kaslin · 1 replies ^ | April 30, 2015 | Jackie Gingrich Cushman
    According to C.S. Lewis, "We are what we believe we are." If he is correct, then it raises this question: Do our beliefs on where we fit in among the economic classes create a self-fulfilling prophecy, and, if so, can downgrading our beliefs change our economic outcomes? We all know from experience that beliefs and outcomes can be mutually reinforcing, in positive and negative ways. The trainer who helped me get into the best shape of my life about eight years ago had a mantra that he drilled into my head: "You can do it; you can do it --...
  • Is the internet killing middle class jobs?

    04/05/2015 5:14:03 AM PDT · by SeekAndFind · 152 replies
    The Week ^ | 04/04/2015 | James Pethokoukis
    The Robopocalypse for workers may be inevitable. In this vision of the future, super-smart machines will best humans in pretty much every task. A few of us will own the machines, a few will work a bit — perhaps providing "Made by Man" artisanal goods — while the rest will live off a government-provided income. Silicon-based superintelligence and robots will dramatically alter labor markets — to name but one example, the most common job in most U.S. states probably will no longer be truck driver. But what about right now? If you're unemployed or working part-time instead of full-time, or...
  • 7 Things the Middle Class Can’t Afford Anymore

    04/01/2015 2:07:23 PM PDT · by entropy12 · 65 replies
    CheatSheet ^ | March 31, 2015 | Erica Rawes
    1. Vacations 2. New vehicles 3. To pay off debt 4. Emergency savings 5. Retirement savings 6. Medical care 7. Dental work
  • 7 Things the Middle Class Can’t Afford Anymore

    04/01/2015 1:37:45 PM PDT · by SeekAndFind · 38 replies
    Personal Finance Cheat Sheet ^ | 04/01/2015 | Erika Rawes
    During debates and speeches, politicians often bring up the financial burden that’s placed on the middle class. We talk about the middle class as though they are this singular entity, who used to thrive until they underwent persecution by the evil 1%. But, realistically speaking, the middle class and the 99% are not really synonymous. So, who are the middle class? In its discussion of historical middle class societies, The Economist reports, “Their members are neither rich nor poor but somewhere in-between…’Middle-class’ describes an income category but also a set of attitudes…An essential characteristic is the possession of a reasonable...
  • Are Liberal Policies Squeezing the Middle Class?

    03/21/2015 5:32:49 AM PDT · by Kaslin · 12 replies ^ | March 21, 2015 | John C. Goodman
    resident Obama’s concern about “middle class economics” is justified. But as I pointed out in a previous post, his prescriptions would do almost nothing to solve the problems. According to a private sector estimate, the benefit for families in the middle from all of the Obama proposals would be a paltry $12 a year. According to the Treasury Department, the benefit would be closer to $150. Either way, it’s small potatoes. If you don’t understand the problem – or won’t acknowledge it even if you do understand it – you are unlikely to find a solution that works. Here is...
  • The Middle Class Is Struggling in All 50 States

    03/19/2015 9:01:54 PM PDT · by ForYourChildren · 13 replies
    Yahoo! Finance ^ | Mar 19, 2015 | Rob Garver
    If the first decade and a half is any guide, the 21st century will not be known as the era of the middle class in the U.S. The middle class shrunk in all 50 states between 2000 and 2013, and median income, adjusted for inflation, was lower at the end of 2013 in the vast majority of states than it was in 2000, according to a new study by the Pew Charitable Trust’s Stateline. The analysis, conducted by Stateline’s Tim Henderson, defines “middle class” as individuals earning between 67 percent and 200 percent of the state’s median income. The study...
  • Household Wealth Is the Highest Ever; Probably Not Your Household’s, Though...

    03/15/2015 12:53:35 PM PDT · by Diana in Wisconsin · 18 replies
    Money Magazine ^ | March 13, 2015 | Kerri Anne Renzulli
    American households now have a total net worth of $83 trillion, but most families are still behind where they were in 2007. Americans’ total wealth has reached a record. According to a Federal Reserve report released Thursday, the net worth of U.S. households and nonprofit organizations rose to $82.9 trillion at the end of 2014. Much of that growth was driven by stocks, which grew in value by $742 billion during the final quarter of last year. The value of residential real estate also rose by $356 billion. However, these aggregate numbers from the Fed provide only a partial view...
  • Do unions have the oomph to stop Obama's trade agenda?

    03/14/2015 3:42:19 PM PDT · by Theoria · 10 replies
    Politico ^ | 14 March 2015 | Brian Mahoney and Doug Palmer
    The AFL-CIO’s bold announcement that it would withhold contributions to congressional Democrats in advance of votes on fast-track trade protection authority thrilled labor supporters and annoyed many Democrats. But it remains to be seen whether the move will impede the Obama administration’s trade agenda — or merely become the latest illustration of unions’ declining clout. The AFL-CIO has tried such moves in the past — including during the 1993 fight over the North American Free Trade Agreement — only to be defeated and then resume funding Democrats again. Now, with a wide margin of pro-trade Republicans in the House and...
  • Working Class Gives Up On Obama, Fears Job Losses [opening for Republican Party]

    03/12/2015 3:02:38 AM PDT · by Cincinatus' Wife · 28 replies
    Investor's Business Daily ^ | March 10, 2015 | JOHN MERLINE,
    In what could be a significant opening for the Republican Party, working-class Americans have largely abandoned President Obama and rejected his economic policies as they continue to suffer from the historically weak economic recovery, a new analysis of IBD/TIPP Poll data finds. By wide margins, this group is more likely than any other income class to say the country is headed in the wrong direction, the economy is getting worse, and they fear losing their jobs. Just 36% approve of the job that Obama is doing, compared with 43% overall, and vast majorities say his policies haven't helped the middle...
  • Working class gives up on Obama and his policies, creating opening for GOP -- Poll

    03/10/2015 5:06:58 AM PDT · by IBD editorial writer · 29 replies
    Investor's Business Daily ^ | 03/10/2015 | John Merline
    In what could be a significant opening for the Republican Party, working-class Americans have largely abandoned President Obama and rejected his economic policies as they continue to suffer from the historically weak economic recovery, a new analysis of IBD/TIPP Poll data finds.
  • Only 6% of Americans who make over $100,000 say they're upper class

    03/05/2015 7:23:46 AM PST · by SeekAndFind · 40 replies
    Business Insider ^ | 03/05/2015 | Pamela Engel
    Very few people in America are willing to identify as upper class, according to a new Pew Research Center survey.About 94% of people in that income bracket (over $100,000) identified as middle class, upper middle class, or lower middle class while only 6% called themselves upper class.Here are the results of the survey:Pew Research Center While a family of three with an income of up to $122,000 is still considered "middle income," the over-$100,000 range also includes families with much higher salaries than that.Pew Research Center And although only 6% of survey respondents identified as upper class, Pew's data shows...
  • ISIS militant ‘Jihadi John’ unmasked as middle-class Brit

    02/26/2015 6:12:09 AM PST · by KeyLargo · 36 replies
    NY Post ^ | 2-26-2015 | Yaron Steinbuch
    ISIS militant ‘Jihadi John’ unmasked as middle-class Brit By Yaron Steinbuch February 26, 2015 | 7:16am The infamous masked ISIS madman seen in gruesome videos beheading Western hostages was identified by media outlets Thursday as Mohammed Emwazi — a middle-class Briton with a degree in computer programming. The BBC reported that the Kuwaiti-born Emwazi is in his mid-20s and from West London. British authorities chose not to identify him earlier for operational reasons. “I have no doubt that Mohammed is Jihadi John,” one of Emwazi’s close friends told the Washington Post. “He was like a brother to me. . . . I...
  • Guess Who Said 'Decline of Middle Class Tied to Decline of Unions'

    02/25/2015 6:42:25 AM PST · by governsleastgovernsbest · 23 replies
    NewsBusters ^ | Mark Finkelstein
    Who said: "I've always believed the decline of the middle class could be tied to the decline of unions. And when you have 7%, 8% of the work force in unions, when you have CEO pay going up to record heights, you're going to have a hollowing out of the middle class." Was it a. Elizabeth Warren; b. Robert Reich; or c. Ed Schultz? Correct answer: d. None of the above. It was Joe Scarborough on today's Morning Joe. Scarborough prefaced his lament over the decline of unions by saying "It's been well-documented on Twitter: I'm a right-wing Republican stooge."...
  • Middle Class Fleecing with Obamacare

    02/19/2015 9:15:01 AM PST · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 02/19/15 | Dr. Ileana Johnson Paugh
    The law has been written by liberals for liberals, to benefit their Democrat voting constituents to the detriment of everyone else It is becoming increasingly difficult for Virginians to find doctors and secure appointments in a timely manner thanks to Obamacare. After a fierce battle, the bills meant to create state exchanges and to expand Medicaid have died in the House and in the Senate. However, Democrat Governor McAuliffe added Medicaid expansion to his budget amendment. The House removed that language from the budget. As millions of Americans, who previously had insurance and doctors they were satisfied with and wanted...
  • Economic Optimism Index Dives Among Middle Class: Poll

    02/10/2015 7:34:22 AM PST · by IBD editorial writer · 12 replies
    Investor's Business Daily ^ | 02/10/2015 | John Merline
    Just weeks after President Obama proclaimed that America had turned the corner and his "middle class economics" was working, the public is more pessimistic than they've been in months, and few think Obama's policies have significantly helped the middle class, the latest IBD/TIPP poll finds.
  • [Jeb] Bush touting conservative policies to aid middle class

    02/04/2015 11:59:10 AM PST · by Olog-hai · 25 replies
    Associated Press ^ | Feb 4, 2015 2:08 PM EST | Thomas Beaumont
    Former Florida Gov. Jeb Bush is to deliver what aides call an “optimistic, conservative vision for the future” in his first unpaid speech since declaring his interest in a bid for the 2016 Republican presidential nomination. […] Wednesday’s speech is the first in a series of stops his aides call his “Right to Rise” tour, borrowing from his economic mantra and the name of the political action committee he formed in December. Bush’s speech, aides said, is aimed at underscoring his desire to reinvigorate the middle class, which he argues has languished despite the ongoing economic recovery. Conservative economic policies,...
  • Independent analysis finds Obama´s ´middle-class´ tax cuts won´t help three-quarters of

    02/02/2015 5:15:04 PM PST · by Nachum · 19 replies
    Associated Press ^ | 2/2/2015 | Staff
    President Barack Obama calls his tax and spending plan ´middle-class economics,´ but most middle-income families would see little change in their tax bills. Obama is proposing a total of $1.5 trillion in new taxes over the next decade, mostly on corporations and high-income households. He would use much of that money--nearly $280 billion--to pay for targeted tax breaks for low- and middle-income families. Obama´s proposed tax cuts would benefit households with two wage earners, families with young children in child care and those with older children in college. One proposal would automatically enroll workers in individual retirement accounts, unless they
  • 5 Ways the Middle Class Is Getting Screwed

    02/01/2015 5:24:27 AM PST · by Kaslin · 28 replies ^ | February 1, 2015 | John Hawkins
    When Democrats talk about middle class Americans, they almost inevitably use them as a cudgel to attack the rich. On the other hand, bizarrely, Republicans seem to spend much more time defending the rich from attacks by the Left than talking about what they’re going to do to help the middle class. That’s unfortunate because middle class Americans are the backbone of the country; yet their interests always seem to take a backseat to those of the wealthy, the poor and the naked self-interest of BOTH political parties. There’s nothing wrong with giving the poor a hand-up or making sure...
  • Middle-class manufacturing jobs? Not in California

    01/31/2015 11:39:49 PM PST · by 2ndDivisionVet · 20 replies
    The San Diego Union-Tribune ^ | January 24, 2015 | The Editorial Board
    It took far too long, but finally many state politicians are taking seriously Census Bureau reports that California is ground zero for American poverty. Once the high cost of living is factored in, the Golden State moves from the middle of the pack nationally to a clear number one, with nearly one-quarter of residents in a constant struggle to make ends meet. But with this harsh fact finally internalized, when will state leaders come to the parallel realization that having among the nation’s highest energy and real estate costs is also bad for the economy — and for job-seekers without...
  • Middle Class Shrinks Further as More Fall Out Instead of Climbing Up [Obamanomics]

    01/26/2015 6:17:42 AM PST · by SoFloFreeper · 15 replies
    NY TIMES ^ | 1/25/15 | DIONNE SEARCEY and ROBERT GEBELOFF is clear that millions are struggling to hang on to accouterments that most experts consider essential to a middle-class life..... Lisa Land, 49, is one of those who have dropped through the hatch. She gets by on her father’s $1,300 monthly Social Security checks and by having her adult daughter pitch in for groceries. Her circumstances are a stark change from just a few years ago, when she considered herself firmly in the middle class. Despite a relatively modest salary, her pay and other resources went a long way in tiny Eden, N.C., where she worked for 13 years...
  • Middle Class Shrinks Further as More Fall Out Instead of Climbing Up

    01/26/2015 5:24:39 AM PST · by Theoria · 29 replies
    The New York Times ^ | 25 Jan 2015 | DIONNE SEARCEY and ROBERT GEBELOFF
    The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a century.In the late 1960s, more than half of the households in the United States were squarely in the middle, earning, in today’s dollars, $35,000 to $100,000 a year. Few people noticed or cared as the size of that group began to fall, because the shift was primarily caused by more Americans climbing the economic ladder into upper-income brackets.But since 2000, the middle-class share of households has continued to narrow, the...
  • 27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama

    01/19/2015 7:43:40 PM PST · by SeekAndFind · 31 replies
    The Economic Collapse Blog ^ | January 18, 2015 | Michael Snyder, on January 18th, 2015
    During his State of the Union speech on Tuesday evening, Barack Obama is going to promise to make life better for middle class families. Of course he has also promised to do this during all of his other State of the Union addresses, but apparently he still believes that there are people out there that are buying what he is selling. Each January, he gets up there and tells us how the economy is “turning around” and to believe that much brighter days are right around the corner. And yet things just continue to get even worse for the middle...
  • Obama Wants The Death Tax Increased to 60 Percent, More Taxes on College Savings

    01/19/2015 12:21:35 PM PST · by Nachum · 71 replies ^ | 1/19/15 | Katie Pavlich
    As the old saying goes, there are two things that are certain in life, death and taxes. Tomorrow night during his 2015 State of the Union speech, President Obama will announce that people paying taxes their entire lives just isn't good enough. The President wants the current 40 percent death tax rate increased to 60 percent. Americans for Tax Reform breaks down the details: 2. Stealth increase in the death tax rate from 40% to nearly 60%. Under current law, when you inherit an asset your basis in the asset is the higher of the fair market value at the...
  • Middle class decline looms over final years of Obama presidency

    01/18/2015 11:45:39 AM PST · by SkyPilot · 78 replies
    Reuters and Yahoo News ^ | 18 Jan 15 | Howard Schneider
    Barack Obama enters the final two years of his presidency with a blemish on his legacy that looks impossible to erase: the decline of the middle class he has promised to rescue. The revival of middle-class jobs has been one of Obama's mantras since he took office in 2009 fighting the worst economic crisis in generations. It was a major theme of his last State of the Union address and is expected to feature in the one scheduled for Tuesday. Administration officials said on Saturday the president would propose higher capital gains taxes, new fees on large financial firms,...
  • Obama Seeks To Reduce Middle Class Taxes, Close Loopholes For Wealthy [ To Propose this in SOTU ]

    01/18/2015 11:31:25 AM PST · by SeekAndFind · 71 replies
    The Uptake ^ | 01/18/2015 | By: MICHAEL MCINTEE
    In his State of The Union address this week, President Obama will propose congress lower taxes on the middle class and close loopholes that the rich often use. A press release from the White House says Obama has a strategy that will “simplify our complex tax code, make it fairer by eliminating some of the biggest loopholes, and use the savings to responsibly pay for the investments we need to help middle class families get ahead and grow the economy.”According to a release from the White House Press Secretary, the changes President Obama will propose include: Closing One of the...
  • Obama’s address to pitch tax proposals to help middle class

    01/18/2015 9:28:00 AM PST · by Olog-hai · 21 replies
    Associated Press ^ | Jan 18, 2015 11:16 AM EST | Julie Pace
    President Barack Obama is turning to his biggest television audience of the year to pitch tax increases on the wealthiest Americans and put the new Republican Congress in the position of defending top income earners over the middle class. As Obama continues to signal what he will propose during Tuesday's State of the Union address, senior administration officials said during the weekend that he will call for raising the capital gains rate on top income earners and eliminating a tax break on inheritances. The revenue generated by those changes would fund new tax credits and other cost-saving measures for middle-class...
  • Americans don't want a revolution despite Elizabeth Warren's sounds of alarm for the middle class

    01/11/2015 4:42:11 PM PST · by 2ndDivisionVet · 51 replies
    The London Telegraph ^ | January 11, 2015 | Peter Foster in Washington
    Ideological splits among Republicans have been part of the fun of the American political fair for more than 50 years now, but what of potential divisions on the Left? When Barack Obama departs the White House in 2016, the question already being asked is whether Democrats will now suffer the same kind of upheaval that the Tea Party inflicted on Republicans after George W. Bush left office in 2008. Last week in Washington DC it was possible to hear the opening shots of what some left-wing Democrats hope will become a similarly fierce fight for the ideological soul of their...
  • Victor Davis Hanson: Liberalism has lost working class

    01/09/2015 3:40:15 PM PST · by 2ndDivisionVet · 28 replies
    The Albuquerque Journal ^ | January 9, 2015 | Victor Davis Hanson
    Democrats for over a century were associated with the American middle class. Working-class voters once believed that Democratic-inspired intervention into the economy – minimum-wage laws, overtime pay, Social Security, Medicare, workers’ compensation – protected their interests better than unfettered free-market capitalism. Republicans often had trouble selling the argument that an unleashed economy and new technology would relegate poverty to a relative, not absolute, condition – something like suffering with a cheap outdated iPhone 4 while the better-off afforded an iPhone 6. Why, then, have Democrats lost the working class – especially white, lower-middle-class voters? There are several obvious reasons. For...
  • Elizabeth Warren Says Economy Is Rigged Against Middle Class

    01/09/2015 5:06:35 AM PST · by IBD editorial writer · 56 replies
    Investor's Business Daily ^ | 01/08/2015 | John Merline
    Is the economy rigged against the middle class? The Democratic left's dream candidate -- Sen. Elizabeth Warren -- thinks so. "I see evidence everywhere of the pounding working people are taking," Warren said on Wednesday at an AFL-CIO summit on raising wages. "These families are working harder than ever, but they can't get ahead. Many feel that the game is rigged against them, and they are right. The game is rigged against them." Her argument, of course, is that the government must intervene to level the playing field. But Warren must not be looking very hard if she can't see...