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Keyword: middleclass

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  • 30 Facts That Prove The American Middle-Class Is Being Destroyed

    08/21/2014 8:10:45 PM PDT · by Nachum · 25 replies
    zero hedge ^ | 8/21/14 | tyler durden
    Submitted by Michael Snyder of The Economic Collapse blog, The 30 statistics that you are about to read prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a staggering pace. Yes, the stock market has soared to unprecedented heights this year and there are a few isolated areas of the country that are doing rather well for the moment. But overall, the long-term trends that...
  • Senate Democrats vs. the Middle Class [Obama's "recovery" has hurt blacks, women, and the poor]

    08/18/2014 1:15:13 AM PDT · by grundle · 5 replies
    Wall St. Journal ^ | August 17, 2014 | Phil Gramm And Michael Solon
    If the Obama recovery had been as strong as the average of the previous 10 postwar recoveries, 13.9 million more Americans would be working today and the average real per capita income of every man, woman and child in America would be $6,308 higher. But the real scorecard on the Senate Democrats elected in 2008 is in the Census Bureau's Current Population Survey data. While all Democrats claimed to be champions of the middle class and defenders of minorities and women, census data show how their program did not live up to their campaign promises. Since the Senate Democratic Class...
  • Many Americans are still struggling financially

    08/11/2014 6:44:48 AM PDT · by george76 · 13 replies
    Los Angeles Times ^ | August 7, 2014 | Don Lee
    Four in 10 U.S. households are straining financially five years after the Great Recession — many struggling with tight credit, soaring education debt and profound issues related to savings and retirement, according to a new Federal Reserve survey. The wide-ranging Fed study assessing the economic well-being of Americans shows that the economy has made progress to the point where most households said they were "living comfortably" or doing OK financially. But almost 40% reported last fall that their families were "just getting by" or struggling to do so, and more people said their financial situation was worse rather than better...
  • In the Future We’ll All Be Renters: America’s Disappearing Middle Class

    08/10/2014 8:03:28 PM PDT · by SeekAndFind · 35 replies
    Daily Beast ^ | 08/10/2014 | Joel Kotkin
    America’s wealth is concentrating in fewer hands, and while the rich are getting super rich, the once vital middle class is nearing extinction. [SNIP] But today, after decades of expanding property ownership, the middle orders—what might be seen as the inheritors of Jefferson’s yeoman class—now appear in a secular retreat. Homeownership, which peaked in 2002 at nearly 70 percent, has dropped, according to the U.S. Census, to 65 percent in 2013, the lowest in almost two decade. Although some of this may be seen as a correction for the abuses of the housing bubble, rising costs, stagnant incomes and a...
  • The Middle Class, Refugees in their Own Country

    08/07/2014 6:02:20 PM PDT · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 08/07/14 | Dr. Ileana Johnson Paugh
    America, the former “land of the free, home of the brave” is crony capitalism ruled by an anti-American socialist/Marxist regime “We pretend to work and they pretend to pay us.” - Anonymous My reality today in America, the former “land of the free, home of the brave” is crony capitalism ruled by an anti-American socialist/Marxist regime. I feel like the musicians on the Titanic.
  • Pelosi to Reporters on Midterm Election: ‘We Need You to Be Messengers…’

    08/05/2014 8:06:41 AM PDT · by Olog-hai · 16 replies
    Cybercast News Service ^ | July 31, 2014 - 4:04 PM | Terence P. Jeffrey
    When asked at a press briefing on Thursday why her party’s message is “not resonating with the electorate,” House Minority Leader Nancy Pelosi told a room full of reporters, “(W)e need you to be messengers.” […] … “But, apart from that, we have come forward with our middle-class jump start. Over the month of August, we go forward with how the jump start talks about bringing jobs home. The Republicans have tax breaks to send jobs overseas. Democrats want tax breaks to keep jobs here at home.” …
  • Obamanomics In Action: Typical Us Household Worth One-Third Less Than Under Bush

    07/27/2014 4:31:31 AM PDT · by 2ndDivisionVet · 21 replies
    Gateway Pundit ^ | July 26, 2014 | Jim Hoft
    Another Obama record… AMERICANS GETTING POORER – HOUSEHOLD NET WORTH IN DECLINE.The median household net worth under Obama is one-third what it was during the Bush years. Under Barack Obama American households are worth two-thirds of what they were worth under George W. Bush. The New York Times reported: Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too. The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only...
  • Here Are The Cities Where Middle-Class Homebuyers Are Screwed

    07/12/2014 10:44:31 AM PDT · by SeekAndFind · 45 replies
    Business Insider ^ | 07/12/2014 | ANDY KIERSZ
    It's really hard for a middle class family to buy a house along the California coast.Real estate research and marketplace site Zillow routinely calculates an index of housing affordability. First, they use a proprietary statistical model to estimate housing values in a metropolitan area. Then, they calculate the monthly mortgage payment for a median price house in each metro area. Finally, they calculate the percentage of the median monthly income for each metro area needed to pay that mortgage payment.For example, Zillow's estimate for the median home price in Abilene, TX during the first quarter of 2014 was $98,600. After...
  • The American Dream is alive but it will cost you $130k a year

    07/10/2014 2:17:48 PM PDT · by SeekAndFind · 30 replies
    Yahoo Finance ^ | 07/10/2014 | By Nicole Goodkind
    The American Dream has been a focal point and topic of debate since the financial crisis of 2008: citizens and politicians alike are asking whether it's time to redefine what success looks like in the U.S. According to Howard Gold, columnist for MarketWatch and founder of GoldenEgg Investing, the white picket fence and security that hard work can bring is still alive, but it will cost you... a lot. In a USA Today article, Gold calculated that for a family of four living out the American Dream costs just over $130,000 a year. "This isn’t about being rich,” Gold tells...
  • The Fall From Grace of the American Middle Class, By the Numbers

    06/12/2014 11:16:22 PM PDT · by 2ndDivisionVet · 13 replies
    NewsMax / CNN Money ^ | June 12, 2014 | John Morgan
    America's middle class has fallen to mediocre levels — the U.S. median income only qualifies for 19th in the world now, below Japan, Australia and most of Western Europe. The bottom line is that the average Spaniard or Italian — not to mention the typical middle class denizen in 17 other countries — has more to his or her name than the average U.S. citizen does, according to CNNMoney. Using data culled from the latest Credit Suisse Global Wealth report, CNNMoney reported Americans' median wealth is only $44,900 per adult — meaning half have more than that, and half have...
  • NYC Announces Plan to Equalize Neighborhoods

    05/27/2014 10:17:58 AM PDT · by John Semmens · 13 replies
    Semi-News/Semi-Satire ^ | 23 May 2014 | John Semmens
    Concerned that the City is an inhomogeneous hodgepodge with pockets of great wealth in some neighborhoods and squalor in others, newly appointed Housing Preservation and Development Commissar Vicki Been announced a plan to move 80,000 to 120,000 poorer families into middle class neighborhoods. “This way instead of having blight and filth in every direction they might look poorer families will be within easy walking distance of a better kept neighborhood,” Been boasted. “The crimes that plague poorer sections of our City would be more evenly dispersed throughout the whole City. Victims will come from a more broadly representative subset of...
  • Conservatives Draft Manifesto to Help Republicans Attract Middle-Class Voters

    05/21/2014 9:46:20 PM PDT · by Theoria · 13 replies
    The New York Times ^ | 21 May 2014 | Jonathan Martin
    Hoping to push their agenda ahead of the presidential election, a group of prominent conservatives has devised a 121-page policy manifesto aimed at giving the Republican Party a message that will attract some of the middle-class voters the party lost in recent White House races.The document, to be unveiled Thursday, features eight essays with proposals on issues including health care, taxes and education. The authors hope the book will help Republicans address the economic anxieties of Americans and nudge the party from its most polarizing positions and constant confrontations with President Obama.“We have to do more than ‘Stand athwart history,...
  • The Middle Class Squeeze: Can The Populist Elizabeth Warren Champion The Little Guy With Big Gov't?

    05/18/2014 6:27:51 AM PDT · by SeekAndFind · 16 replies
    Forbes ^ | 05/18/2014 | Ralph Benko
    Who will prove the champion of the little guy and gal? Sen. Elizabeth Warren (D-MA) — on deck for her party’s presidential nomination should Hillary Rodham Clinton bow out — has become the political leader of choice for those who advocate Big Government as that champion. This columnist is skeptical about Big Government improving the lives of the citizens. Yet … there is a case to be made for Warren. She is, at very least, a magnificently worthy adversary for advocates of limited government and deserves to be taken seriously. America has had a decade of lousy job creation and...
  • How the Middle Class Lifestyle Became Unaffordable

    05/08/2014 7:10:27 AM PDT · by SeekAndFind · 16 replies
    Of Two Minds ^ | 05/08/2014 | CHARLES HUGH SMITH
    There are four structural drivers behind the soaring costs of the middle class lifestyle. Why have the costs of a middle class lifestyle soared while income has stagnated?Though it is tempting to finger one ideologically convenient cause or another, there are four structural causes to this long-term trend: 1. Baumol's Cost Disease2. Systemic headwinds to the current version of capitalism3. Dominance of global corporate capital4. Financialization The key take-away here is that the first two causes are structural and cannot be changed by passing a law or funding another state bureaucracy. Though many believe they can tax global corporate capital to...
  • Socialism, Seattle Style - Kshama Sawant's $15 per hour job killer

    05/07/2014 5:19:48 AM PDT · by Cincinatus' Wife · 23 replies
    American Spectator ^ | May 7, 2014 | Keli Carender
    "............................Educated, articulate and well versed in the recitation of neo-Marxist agitprop, [Seattle Council Woman Kshama Sawant]clearly has read many books and been taught many things that aren’t so.Such is the case with Sawant’s core mission of raising the minimum wage to $15 an hour because she believes it helps poor people. She is convinced that she can, by decree, override the laws of economics from her perch on Seattle’s city council. “Victory in the fight for $15 an hour will mean a substantial improvement in the standards of living of working people in Seattle,” Sawant...in a recent interview[,]“A real class...
  • CONFIRMED: Most of Jobs Added During Obama Years are Low-Paying, Part-Time Jobs

    04/28/2014 12:26:30 PM PDT · by george76 · 21 replies
    Gateway ^ | April 28, 2014 | Jim Hoft
    It’s an Obama world. Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Were Part-Time. ... And it’s likely to get worse… Obamacare will kill off at least two percent of the US full-time workforce. ... Obamacare is accelerating the US towards a part-time nation. Even far left Think Progress reported today that most of the jobs added since the recession are low paying jobs.
  • Middle class & living paycheck to paycheck

    04/28/2014 8:59:49 AM PDT · by george76 · 46 replies
    CNNMoney ^ | April 25, 2014 | Tami Luhby
    About one-third of American households live "hand-to-mouth," meaning that they spend all their paychecks. But what surprised the study authors is that 66% of these families are middle class, with a median income of $41,000. While they don't have liquid assets, such as savings accounts or mutual fund holdings, they do have homes and retirement accounts, with a median net worth of $41,000. ... Poor hand-to-mouth households, by contrast, typically have incomes of $21,000 and no assets. Families that don't live paycheck to paycheck have incomes of $51,000 and assets of $116,000. Those living paycheck to paycheck have a tougher...
  • The American Middle Class Is No Longer the World’s Richest

    04/22/2014 10:49:40 AM PDT · by C19fan · 41 replies
    New York Times ^ | April 22, 2014 | David Leonhardt and Kevin Quealy
    The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades. After-tax middle-class incomes in Canada — substantially behind in 2000 — now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.
  • The American Middle Class Is No Longer the World’s Richest

    04/22/2014 10:50:02 AM PDT · by Olog-hai · 3 replies
    New York Times ^ | April 22, 2014 | David Leonhardt and Kevin Quealy
    The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades. After-tax middle-class incomes in Canada—substantially behind in 2000—now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans. The numbers, based on surveys conducted over the past 35 years, offer some of the most detailed publicly...
  • Chicago’s Vanishing Middle Class

    04/18/2014 5:34:35 AM PDT · by Hojczyk · 4 replies
    City Journal ^ | April 16 | AARON M. RENN
    This is the Democratic Party’s new top-bottom coalition, one in which the traditional middle class—white ethnics, blue-collar manufacturing and trade workers, small business owners, and others—has no part. These “left-outs” are the urban equivalents of Reagan Democrats. Their instinct to vote Democratic may remain, but the economic interests that once bound them to the party have largely disappeared, leaving them politically unaffiliated. They are open to voting for a compelling Republican, such as Rudolph Giuliani—particularly if the city in which they live appears to be spiraling downward. In other words, these independent-minded, urban middle classes are quintessential swing voters. They...
  • In America, the 'wealthy poor' replace the middle class

    03/21/2014 1:21:34 PM PDT · by SeekAndFind · 26 replies
    Yahoo Finance ^ | 03/21/2014 | Rick Newman
    One phenomenon of the modern economy is affluence that doesn’t feel like it. You work, earn and spend quite a lot, yet it seems you’re getting nowhere. Some new economic analysis helps quantify just how many people might be characterized as the “wealthy poor”— and it’s a surprisingly large chunk of the overall population. A new paper by economists Greg Kaplan and Justin Weidner of Princeton University, and Giovanni Violante of New York University, finds that about 70 million Americans may live in families they describe as “wealthy hand-to-mouth” households. These are families that own assets such as homes, cars,...
  • Big Labor: ObamaCare is making income inequality worse, you know

    03/08/2014 6:39:42 PM PST · by Kaslin · 15 replies
    Hot Air.com ^ | March 8, 2014 | ERIKA JOHNSON
    A bunch of labor unions’ massive retrenchment from directly supporting the passage of ObamaCare to publicly taking the legislation to the woodshed is well documented by now, but yet another big union just came out swinging against the law by levying one of President Obama’s favorite intellectually bankrupt themes against him: Income inequality, of course. Via the Washington Examiner: A national union that represents 300,000 low-wage hospitality workers charges in a new report that Obamacare will slam wages, cut hours, limit access to health insurance and worsen the very “income equality” President Obama says he is campaigning to fix.“Only in...
  • The Post-Protestant Ethic and Spirit of America (Compelling Read)

    03/07/2014 11:48:59 AM PST · by mojito · 5 replies
    The American ^ | 2/22/2014 | Joseph Bottum
    ...Over the past 50 years or so, these post-Protestants have gradually formed the core of a new and fascinating social class in America....And we can recognize their origins in mainline Protestantism when we discern some of the ways in which they see the world and themselves. They are, for the most part, politically liberal, preferring that government rather than private associations address social concerns. They remained puritanical and highly judgmental, at least about health. And like all puritans, they are willing to use law to compel behavior they think right. Nonetheless, they do not think of themselves as akin to...
  • Giving up on Washington (Salena Zito)

    02/24/2014 9:41:23 AM PST · by neverdem · 12 replies
    Pittsburgh Tribune-Review ^ | February 23, 2014 | Salena Zito
    MINGO JUNCTION, Ohio The roar is gone. Five years after Wheeling-Pittsburgh Steel's once-thunderous mill went idle, the only sound here is that of the oldest parts of the plant being dismantled. The demolition began about a day or so before a red carpet rolled out at the White House for a state dinner featuring a dress worn by the first lady that cost more than the salary of a police officer in this town. The demolition still was going on last Wednesday, at the same time that Vice President Joe Biden boasted about the positive impact that the American Recovery...
  • Land of Inequality: Government of elites, by elites, for elites.

    02/24/2014 6:49:39 AM PST · by SeekAndFind · 8 replies
    National Review ^ | 02/24/2014 | By Troy Senik
    From the end of World War II until the 1990s, California possessed a magnetism unique among the 50 states. It was — according to a mythology that was probably overwrought even in those halcyon days — an American Eden, a place where ambition and unfettered imagination combined to make even the most exotic dreams seem feasible. One of the reasons that image was so enduring was that the state consistently delivered on the outsized expectations. It came to be the center of American entertainment, with “Hollywood” becoming a metonym for the entire industry. It fostered the digital revolution that would...
  • The U.S. Middle Class Is Turning Proletarian

    02/20/2014 12:46:02 AM PST · by 2ndDivisionVet · 57 replies
    New Geography ^ | February 16, 2014 | Joel Kotkin
    The biggest issue facing the American economy, and our political system, is the gradual descent of the middle class into proletarian status. This process, which has been going on intermittently since the 1970s, has worsened considerably over the past five years, and threatens to turn this century into one marked by downward mobility. The decline has less to do with the power of the “one percent” per se than with the drying up of opportunity amid what is seen on Wall Street and in the White House as a sustained recovery. Despite President Obama’s rhetorical devotion to reducing inequality, it...
  • FOOD PRICES SKYROCKETING SINCE 2011 WHILE WAGES STAGNANT

    02/19/2014 6:02:47 AM PST · by BlatherNaut · 91 replies
    Breitbart ^ | 2/17/14 | William Bigelow
    CBS News reports that the combination of food prices being inflated and the stagnation of wages is threatening the middle class. The report noted that staples such as chicken, ground beef, and bacon have skyrocketed in price since 2011: the price of chicken is 18.4% more than it was; ground beef is up 16.8%; and bacon saw a huge increase of 22.8% in price. These price hikes came despite the federal government’s sunny assertion that prices in general have only increased 6.4% in that period. Meanwhile, median income has only risen 1% each year, while the cost of college tuition...
  • The Failure of Obama’s Aristocracy of Merit

    02/18/2014 8:18:57 AM PST · by rktman · 3 replies
    Nationalreview.com ^ | 2/18/2014 | Michael Barone
    The roots of American liberalism are not compassion, but snobbery. That’s the thesis of Fred Siegel’s revealing new book, The Revolt Against the Masses: How Liberalism Has Undermined the Middle Class.
  • 28 Signs That The Middle Class Is Heading Towards Extinction

    02/06/2014 5:34:02 PM PST · by Nachum · 23 replies
    zero hedge ^ | 2/6/14 | Tyler Durden
    Submitted by Michael Snyder of The Economic Collapse blog, The death of the middle class in America has become so painfully obvious that now even the New York Times is doing stories about it. Millions of middle class jobs have disappeared, incomes are steadily decreasing, the rate of homeownership has declined for eight years in a row and U.S. consumers have accumulated record-setting levels of debt. Being independent is at the heart of what it means to be "middle class", and unfortunately the percentage of Americans that are able to take care of themselves without government assistance continues to decline....
  • Obama: US can help more join the middle class

    02/01/2014 3:37:05 AM PST · by Olog-hai · 11 replies
    Associated Press ^ | Feb 1, 2014 6:00 AM EST
    President Barack Obama says the U.S. can take steps to ensure more people can join and stay in the middle class. In his weekly radio and Internet address, Obama is echoing themes from his State of the Union address. He says some of his ideas require Congress, but he’ll take steps on his own where he can. …
  • Is Obamacare The Final Nail In The Coffin Of The Middle Class?

    11/19/2013 1:32:51 AM PST · by RKBA Democrat · 18 replies
    Zero Hedge ^ | 11-18-13 | Michael Snyder
    If there were any shreds of hope left that the stunning decline of the middle class could be turned around, Obamacare has absolutely destroyed them. Over the past decade or so, the middle class in the United States has been absolutely eviscerated. The number of working age Americans without a job has increased by 27 million since the year 2000, median household income in the U.S. has fallen for five years in a row, and the poverty numbers in this country are spiraling out of control. And now here comes Obamacare. As you will see below, Obamacare is causing millions...
  • ObamaCare Breaks Obama's Middle Class Tax Pledge, Too

    11/14/2013 5:11:16 AM PST · by IBD editorial writer · 21 replies
    Investor's Business Daily ^ | 11/13/13 | IBD Staff
    Taxes: Once upon a time, President Obama promised he wouldn't raise taxes on the middle class. Millions of those getting insurance cancellation notices are finding out how fraudulent that promise was, too. Matthew Fleischer, a freelance writer in Los Angeles, recently learned ObamaCare will force him off a plan he likes, and a comparable policy will cost him nearly $800 more next year. "Most young, middle-class Americans I know are happy that millions of previously uninsured people will receive free or heavily subsidized insurance under the Affordable Care Act," he wrote in a Los Angeles Times op-ed. "We just didn't...
  • Middle Class Is the New Poor

    11/11/2013 7:01:13 AM PST · by SeekAndFind · 19 replies
    Frontpage Mag ^ | 11/01/2013 | Daniel Greenfield
    Uncertainty and struggle are what we most often associate with poverty. Not knowing if you can still afford to pay next month’s bills and worrying over how much more you can cut back when you’re already barely getting by. This way of life has become more associated with the middle class than with those at the very bottom. The statistic that shows that average black household worth is at $4,955 while average white household worth is at $110,729 is often quoted, but these numbers are not comparing similar things. The $110,729 and $4,955 don’t reflect different standards of living; but...
  • The Sad, Slow Economic Decline of the American Family

    11/06/2013 3:16:48 PM PST · by rightwingerpatriot · 4 replies
    RightWingPatriot.com ^ | November 6, 2013 | RightWingPatriot
    My mother and father taught me some important lessons in my life. One of them was to not to pay attention to what someone is saying, but rather pay attention to what they are doing and the consequences of their actions. Never has this lesson been more evident in taking stock of the economic policies of Obama and the progressive liberals who seek to transform America from an individualistic, capitalistic society to a collective, socially democrat one. We hear on the news every day that the economy is improving, people are going back to work, and that the dark days...
  • CARSON: Your government is morbidly obese

    10/30/2013 9:35:33 AM PDT · by jazusamo · 15 replies
    The Washington Times ^ | October 29, 2013 | Ben S. Carson
    We have all heard the news stories about people so morbidly obese that they could not exit their house or apartment. I remember one story of a person who had to be lifted out with a crane after a wall was removed. These people are addicted to eating, and in some cases, ate incessantly even though they knew that they were jeopardizing their health and eventually, their lives. They grew so large that they were barely able to move and rendered themselves largely useless except as a food-disposal unit. This reminds me of our federal government, which was once agile...
  • 25 Stats That Prove That The American Dream Is Being Systematically Destroyed

    10/24/2013 3:08:27 PM PDT · by alexmark · 13 replies
    INVESTMENT WATCH BLOG ^ | Michael Snyder
    The Middle Class Is Being Systematically Wiped Out Of Existence In America The 25 statistics that you are about to read are solid proof that the middle class in America is being systematically wiped out. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world. It seemed like almost everyone owned a home, had a couple of nice vehicles and could provide a very comfortable lifestyle for their families. Sadly, that has all changed. In America today, prices are rising at a very brisk pace but incomes are not....
  • EPA regs shutter New England’s largest coal plant

    10/09/2013 6:36:53 PM PDT · by markomalley · 18 replies
    The Daily Caller ^ | 10/9/2013 | Michael Bastasch
    New England’s largest coal-fired power plant has been slated for shutdown, partly due to Environmental Protection Agency regulations.The Brayton Point Station in Massachusetts will no longer provide power to the region’s electrical grid when the plant is shut down in 2017. The plant’s owner Energy Capital Partners has cited several factors for its closing, including competition from natural gas and the need to spend “significant capital to meet environmental regulations and to operate and maintain an aging plant.”Environmentalists argue that coal is no longer an economically viable fuel source.“If Brayton Point can’t make it economically, no coal plant can make...
  • Carter: Middle Class Today Resembles Past's Poor

    10/08/2013 4:36:24 AM PDT · by Biggirl · 30 replies
    Associated Press ^ | October 7, 2013 | Lisa Leff
    OAKLAND, Calif. (AP) -- Former President Jimmy Carter said Monday that the income gap in the United States has increased to the point where members of the middle class resemble the Americans who lived in poverty when he occupied the White House.
  • Obama: GOP tactics hold middle class 'hostage'

    09/20/2013 2:56:41 PM PDT · by Jim Robinson · 23 replies
    USA Today (link only) | Sept 20, 2013 | David Jackson
    http://www.usatoday.com/story/news/nation/2013/09/20/obama-congress-republicans-kansas-city-budget-shutdown/2842889/
  • How Technology Wrecks the Middle Class

    08/26/2013 7:39:05 PM PDT · by lbryce · 48 replies
    New York Times ^ | August 24, 2013 | DAVID H. AUTOR AND DAVID DORN
    In the four years since the Great Recession officially ended, the productivity of American workers — those lucky enough to have jobs — has risen smartly. But the United States still has two million fewer jobs than before the downturn, the unemployment rate is stuck at levels not seen since the early 1990s and the proportion of adults who are working is four percentage points off its peak in 2000. This job drought has spurred pundits to wonder whether a profound employment sickness has overtaken us. And from there, it’s only a short leap to ask whether that illness isn’t...
  • Rick Santorum in Iowa: The Term ‘Middle Class’ is ‘Marxism Talk’

    08/14/2013 6:07:21 PM PDT · by yongin · 31 replies
    Mediate ^ | August 13, 2013 | Matt Wilstein
    Is there such thing as “class” in America? Not if you ask Rick Santorum. The once and possibly future GOP presidential candidate spoke to a Republican gathering in Lyon County, Iowa late last week and shared this piece of advice with his party: “Don’t use the term the other side uses.” That includes the “middle class.” Santorum proceeded to tear into President Obama for constantly invoking the term “middle class” in his speeches about the economy. “Since when in America do we have classes?” Santorum asked. “Since when in America are people stuck in areas or defined places called a...
  • Is Populism Dead?

    08/01/2013 5:09:16 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | August 1, 2013 | Victor Davis Hanson
    Occupy Wall Streeters claimed that they were populists. Their ideological opposites, the Tea Partiers, said they were, too. Both became polarizing. And so far populism, whether on the right or left, does not seem to have made inroads with the traditional Republican and Democrat establishments. Gas has gone up about $2 a gallon since Barack Obama took office. Given average yearly rates of national consumption, that increase alone translates into an extra $1 trillion that American drivers havencollectively paid in higher fuel costs over the last 54 months.Victor DavisVictor Davis Hanson is a classicist and historian at the Hoover Institution,...
  • Vacationer Obama's Favorite Vineyard "Vulture"

    07/31/2013 4:22:44 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | July 31, 2013 | Michelle Malkin
    It's good to be the king ... of class warfare hypocrisy. While he lectures his political opponents about their neglect of middle-class America, President Obama is headed to Martha's Vineyard. Again. Because nothing spells populist like a $7.6 million, 9.5-acre estate owned by one of Chicago's wealthiest corporate financiers. The sprawling summer manse of David Schulte is actually a downgrade from the Obama family's previous summer digs. The $21 million, 28.5-acre Blue Heron Farm that had hosted Obama and his massive entourage since 2009 isn't available for rental anymore because a British mogul snapped it up. But don't be bumming....
  • Obama’s clueless message to America’s middle class shows a presidency out of touch with reality

    07/31/2013 3:06:14 AM PDT · by 2ndDivisionVet · 27 replies
    The London Telegraph ^ | July 31, 2013 | Nile Gardiner
    President Obama has been rolling up his sleeves campaigning across the country delivering a surreal stump speech message supposedly aimed at the middle class: big government works, Obamacare is manna from heaven, the wave of recent scandals are “phony” figments of the imagination, and all economic problems are the fault of the Republicans. Conveniently, he leaves out the bankruptcy of Detroit, a city run by his own party for more than half a century. His message is so stale and unconvincing, that even The New York Times and Washington Post have noticed. Both papers, usually loyal to Obama, remarked that...
  • Obama's HUD to Expand Middle Class

    07/29/2013 7:14:57 AM PDT · by SeekAndFind · 40 replies
    American Thinker ^ | 07/29/2013 | Richard Butrick
    How? Just move people from low income neighborhoods into middle class neighborhoods. This brilliant stratagem is being promoted by Shaun Donovan, Obama's newly appointed head of HUD. According to Donovan, the middle class is the middle class because they have all the advantages of living in middle class neighborhoods. After all, middle class neighborhoods have better "schools, jobs, transportation, and other important neighborhood resources that can play a role in helping people move into the middle class." Move people from low income neighborhoods with poor "assets" into neighborhoods with good "assets" and presto they will have middle class jobs and...
  • The Inequality President: The rich have done fine under Obamanomics, not so the middle class.

    07/25/2013 10:19:56 AM PDT · by SeekAndFind · 9 replies
    President Obama made his fourth or fifth, or maybe it's the seventh or eighth, pivot to the economy on Wednesday, and a revealing speech it was. We counted four mentions of "growth" but "inequality" got five. This goes a long way to explaining why Mr. Obama is still bemoaning the state of the economy five years into his Presidency. The President summed up his economic priorities close to the top of his hour-long address. "This growing inequality isn't just morally wrong; it's bad economics," he told his Galesburg, Illinois audience. "When middle-class families have less to spend, businesses have fewer...
  • Obama Focuses on Economy, Vowing to Help Middle Class

    07/24/2013 7:11:21 PM PDT · by lbryce · 37 replies
    New York Times ^ | July 24, 2013 | MICHAEL D. SHEAR and PETER BAKER
    President Obama tried to move past months of debate over guns, surveillance and scandal on Wednesday and reorient his administration behind a program to lift a middling economy and help middle-class Americans who are stuck with stagnant incomes and shrinking horizons. In speeches in two small college towns in the Midwest, Mr. Obama lamented that typical Americans had been left behind by globalization, Wall Street irresponsibility and Washington policies, while the richest Americans had accumulated more wealth. He declared it “my highest priority” to reverse those trends, while accusing other politicians of not only ignoring the problem but also making...
  • The Economic Speech Obama Ought To Give

    07/24/2013 4:34:31 AM PDT · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 07/23/2013 | IBD Staff
    Mea Culpa: The president is planning a major speech in Illinois Wednesday on economic policy. You don't need a crystal ball to predict what he'll say. But here's what he arguably should say. My fellow Americans, eight years ago, I stood here on the steps of Knox College to deliver a commencement address, and I took the opportunity to lay out my vision for economic opportunity. The speech was an indictment of President Bush's idea of a go-it-alone "ownership society." The key to America's greatness, I argued, came from government programs like Social Security, from government regulations, and from government...
  • 5 Ways Barack Obama Is Making War On The Middle Class

    07/02/2013 7:19:35 AM PDT · by Kaslin · 26 replies
    Townhall.com ^ | July 2, 2013 | John Hawkins
    While Barack Obama is enjoying extravagant parties with Hollywood celebrities and taking opulent vacations, America's middle class is being decimated by his policies. Certainly Obama deserves to be condemned for the Nixonian corruption and Carteresque incompetence of his administration, but what Obama is doing to middle class Americans is just as despicable. He's slowly, but surely squeezing them into oblivion. Sadly, many Democrats are fine with this because they've calculated that a poor voter or better yet in their eyes, a voter dependent on welfare and food stamps, is more likely to support them than a voter in the middle...
  • The Myth of Gatsby’s Suffering Middle Class

    06/03/2013 8:38:49 AM PDT · by SeekAndFind · 15 replies
    New York Times ^ | 06/03/2013 | Amity Shlaes
    Another decade, another Gatsby. The actors change but the message put forward in the adaptations of F. Scott Fitzgerald’s 1925 book stays the same. The 1920s were as ephemeral as a Champagne bubble. A fake stock market, an illicit liquor business and other falsehoods made Jay Gatsby and others like him into correspondingly false millionaires. The pleasure of the rich, “careless people,” as a character calls them, came at a cost to the rest, especially the middle class, the small people, mere ants in black tie to be trampled by giants like Gatsby at their parties. The inaccuracy here starts...