Obama touts the "suffering middle class"..

[ironglow]

  He ought to tout the suffering middle class..which the Democrats have practically destroyed...
    Drudge reprints an article showing the median income to be the lowest since 1995..
   Observe closely, the graphs pictured in the article:
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The fresh data on income, poverty and health insurance
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  So, please note when the median income started it's plunge..mid 2007..  Whe was it that a Democrat congress moved into the house?  Uh-huh..2006...
  It was about that time when he was questioned..Barney Frank assured everybody that Fannie Mae & Freddie Mac were doing just fine...subprime loans being repaid and everyone involved was happy as a Cheshire cat..
   It took until about 2010 for enough people to become either unemployed or so poor that they were forced to give up on health  insurance..   

[mcwoodduck]

The middle class is suffering because of Obama and his failed (or not failed ) policies.
The middle class we are told are the Union workers and the small business owners.
The Democrats have a war on the rich and it is hurting the middle class.
The GREEN policies stop manufacturing, drilling, refining, logging and trucking most are union jobs.
The war on the rich with increased taxes has only caused prices to rise, hurting the poor and middle class more.
If you tax the rich they will not feel it as badly, they will order a $50 bottle of wine with dinner rather than a$100 bottle and that hurts the waiter, bartender, buss boy, and the restaraunt owner taking money out of their pockets as the tip will be half of what it was going to be.  The rich still go out to dinner and enjoy good things but it hurts the serving middle lcass of the restaraunt owner and his staff.  At the same time as costs rise the middle class that would go to restaraunts on a regular basis are now headed there only on special occasions, and spending their wages on the increased costs of fuel, food and housing.
 
 

[mcwoodduck]

But as Obama said in his acceptance speach at the DNC convention "the road ahead is going to be harder and longer" Causing problems only allows him to create more government answers to the problems, growing government and hurting our economy at every turn.
We have a nation that is generous and we do not want any one to suffer and have come up with programs to help people that are down.  Unfortunatly we have a governemnt system that needs more and more poor to justify the welfare system, and to grow government budgets and gain power in the system you need to have more and more poor people.  The more people we have on welfare, food stamps, and other programs the bigger government needs to be, and the more it needs to take from others to give to the needy.  And as long as people are willing to give you stuff you are not willing to work for it.  Law of supply and demand.  The cheaper something is, the more of it people want.  Make healthcare free and you will never get an appointment or be seen at an ER.  Hand out free food and people will ask why they are not getting steak to demanding steak.

[45-70.gov]

there is a WAR ON WEALTH


it  doesn't hurt the rich  tho   they have too many lawyers and politicians in their pockets


how ever  those waging the war  appear  great in the eyes  of the parasites in our society


and the middle class  is just  collateral damage

[ironglow]

  The graphs didn't come through, so I found another source.

[mcwoodduck]

there is a WAR ON WEALTH


it  doesn't hurt the rich  tho   they have too many lawyers and politicians in their pockets


how ever  those waging the war  appear  great in the eyes  of the parasites in our society


and the middle class  is just  collateral damage

I hate to say this but I think your wrong, the middle class is not collateral damage, it is the target!
When the top 2% of the rich pays 70% of the taxes collected they need them to continue to fund their destruction of the country. 
There will always be poor, but when you have people that are middle class that are suffering they demand change and government action and are willing to give up some freedom, self respect, and control for the basics of life.  Food and shelter and if the government is willing to hand you stuff after they have caused the taking away of your livly hood you are willing to agree to more governemnt to solve your problem and are willing to steal from your fellow citizens to fill your needs.
If you look at history when costs rise, people demand a change and are willing to go along with things they normally would not.
The Russian Revolution, the French Revolution, the Rise of the Nazi party, the spread of communism through out Africa and South America and Cuba.  Over 6 million People have been killed in the name of socialism.  Put up against a wall and shot for any number of reasons like they were a teacher, wore glasses, lived in the wrong area, were disabled, questionsed why they needed to do ... and these killers are reviered in the left. 

[mcwoodduck]

  The graphs didn't come through, so I found another source.

It would be interesting to put that graph along with the costs of Fuels, housing (rents) and food.
 

[mannyrock]

McWood,
 
   Your analysis is totally correct.  And worse, Obama's definition of who is "rich" is any family (not person) making more than $220,000.   This covers hundreds of thousands of two-earner families in the large urban areas (NY, NJ, LA, DC, Atlanta suburbs etc.), where husband and wife both get up at 5 am, both commute an hour to work, both work till six in the evening, both commute home an hour from work, and don't get home or see their kids till 7 in the evening (if no traffic jam).   They pay city, county, state and federal income taxes, and try to pay off their own student loans, and try to put their kids through college without getting government loans, and try to save five or ten thousand a year in a retirement fund so they won't have to live off of the government when they can't work any more.
 
    It also covers the blue collar guy down the street, who owns a small heating and air business, or a plumbing business, with 3 trucks and 6 employees, and has spent his life trying to build it up to something a little bigger.   He is being taxed to death, and if his income taxes are raised in any amount, he won't be able to afford to hire anyone else (create a new job), and will likely have to lay someone off or fail to pay any raises.
 
   These are the "evil rich" that Obama has specifically  gone after.  In other words, people of moderate success who have worked their entire lives to try to pursue the American Dream.  They didn't get to where they are by sitting on their ass's.  And they are now being stretched to the absolute limit. 
 
   Sure, raises their taxes, and they will stop going out to restaurants except on special occasions, stop going on ordinary vacations, stop going to the dry-cleaners, stop giving decent tips, stop buying new kitchenware, houses, lawn equipment and cars.   They will be totally tapped out, and the folks in the economic levels below them will suffer badly.  And, raising their tax rate won't put the slightest dent in our fifteen trillion dollar deficit.
 
Mannyrock
 

[ironglow]

  Believe it or not...a Democrat is often credited with a very sensible phrase which most Democrats today cannot even begin to understand today.
 
  Who was that Democrat and what did he say?
 
  It was JFK and he said, speaking on the economy;         "A rising tide raises all ships"
 
   Avery simple but true axiom..

[mcwoodduck]

  Believe it or not...a Democrat is often credited with a very sensible phrase which most Democrats today cannot even begin to understand today.
 
  Who was that Democrat and what did he say?
 
  It was JFK and he said, speaking on the economy;         "A rising tide raises all ships"
 
   Avery simple but true axiom..

JFK was talking about the Economy and the trickel down effect.
Unfortunatly the Stupid Kennedy Brother (Teddy) and his friends saw that statement as a growing governemnt makes everything equal for the masses. 

[45-70.gov]

JFK  would be  tooooo fr right to get the republican nomination!!!!

[ironglow]

JFK  would be  tooooo fr right to get the republican nomination!!!!

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  Yup!  Today's Democrats would toss him out of the party!  It would be interesting to wait a couple months, collect & post some of JFK's quotes on the economy, patriotism etc..then post them without attribution and ask what folks on GBO think of them.  ...Bet the libbies would be ready to hang him!

[rkeltner]

there is a WAR ON WEALTH


it  doesn't hurt the rich  tho   they have too many lawyers and politicians in their pockets


how ever  those waging the war  appear  great in the eyes  of the parasites in our society


and the middle class  is just  collateral damage

I hate to say this but I think your wrong, the middle class is not collateral damage, it is the target!
When the top 2% of the rich pays 70% of the taxes collected they need them to continue to fund their destruction of the country. 
There will always be poor, but when you have people that are middle class that are suffering they demand change and government action and are willing to give up some freedom, self respect, and control for the basics of life.  Food and shelter and if the government is willing to hand you stuff after they have caused the taking away of your livly hood you are willing to agree to more governemnt to solve your problem and are willing to steal from your fellow citizens to fill your needs.
If you look at history when costs rise, people demand a change and are willing to go along with things they normally would not.
The Russian Revolution, the French Revolution, the Rise of the Nazi party, the spread of communism through out Africa and South America and Cuba.  Over 6 million People have been killed in the name of socialism.  Put up against a wall and shot for any number of reasons like they were a teacher, wore glasses, lived in the wrong area, were disabled, questionsed why they needed to do ... and these killers are reviered in the left.

                                                 
 
the left can't abide by the middle class.... they are, by their nature relatively self-sufficient, and thus not in need of govt. programs for survival! this makes them a threat to the 'ruling class' which demands that all bow in worship to them for the goodies they provide....all on the backs of the middle class and wealthy. the wealthy will always be wealthy, but squeezing them will only make life harder form the rest of us, since they have the luxury of raising prices to compensate for the squeeze that the govt. puts on them.the fact is, has always been, and will always be, the middle class bears the majority of the financial burden for running the govt.. this is by necessity, since the middle class is where the majority of the money is in any given system, until that system succeeds in eliminating the middle class!

[D Fischer]

I'm not so sure that government is all to blame for the economy. This country has been living on credit they couldn't afford for many years, that is not government's fault. If you think it only happened because government didn't regulate the credit industry better, then you obviously want government to make decisions about your life. Sorry but most of america lives well beyond their means and when the bill comes due, they don't have it.

There is no way I would vote for Obama but laying on him the responsibility for things he can't control doesn't do any good. beside that, there's so many reason's not to vote for the guy, we don't have to make up more.

[mannyrock]

 
  Fischer, I totally agree that the vast majority of Americans live way beyond their means, and that this has got to stop.
 
 But, that is not what has ruined the economy.  That actually spurred the economy by creating massive orders for consumer goods, cars, new houses, etc., which created jobs and taxes.
 
  The economy has been wrecked by the U.S. government living beyonds its means, generating a 15 TRILLION dollar deficit upon which it has to pay interest each and every day.   This deficit exists is the form of Treasury Bills, Treasury Notes, and Savings Bonds, which the government issues ("sells") to raise ("borrow") money, and must repay with interest.   Vast amounts of these debt instruments are owned by the Chinese and other foreign governments, and approximately 20% of every dollar the U.S. collects in taxes must be used to pay the interest on these debts. 
 
  Of course, it didn't help that our government decided that "everyone" should be a homeowner, and so it guaranteed in advance the repayment of hundreds of billions of dollars of loans made by banks to anyone and everyone who wanted to buy a house, with as little as 1% down.  Since these loans have gone under, the U.S. goverment has to pay up on its guarantees to the lending institutions.   (You may remember that about 25 years ago, nobody could get a house loan unless they had at least 5% cash down payment, plus a good salaried job for at least 1 year, plus have a virtually perfect credit record.  Happily, the banks are now returning to those days, which is why most folks now can't get a house loan.)
 
Regards,  Mannyrock

[mcwoodduck]

I'm not so sure that government is all to blame for the economy. This country has been living on credit they couldn't afford for many years, that is not government's fault. If you think it only happened because government didn't regulate the credit industry better, then you obviously want government to make decisions about your life. Sorry but most of america lives well beyond their means and when the bill comes due, they don't have it.

There is no way I would vote for Obama but laying on him the responsibility for things he can't control doesn't do any good. beside that, there's so many reason's not to vote for the guy, we don't have to make up more.

We can easily show the corolation between easy credit and an advance in the GDP of course it is usually self correcting as demsnd goes up due to the easy credit so do prices.
But we can also see a corralation over the long run of deficit spending as more and more tax dollars are needed to pay the debt service, money that is taken out of the private sector economy.
That same Debt service $ could generate $3 in the private sector and create more tax revinue, at a lower rate.  Clearly this is what happened when Ronald Regan took the top marginal tax rate from 90% to 33% and we saw a huge boom of the 80's and 90's thatwere damaged by the Democrats shoving a tax increase down our throats when Bush 41 said "read My lips", Bill Clinton finally killed with his tax increases and with the attacks of 9-11 and the majority of states increasing taxes to off set the Bush Tax cuts we never really saw the boost of the tax cut.

[two-blocked]

Reagan's tax increase, conveniently not mentioned.

[ironglow]

Reagan's tax increase, conveniently not mentioned.

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  I'll mention them..yes Reagan did, after receiving certain promises from the Democrat congress, grudgingly sign a temporary tax increase..which was given a "sunset" date which the Dems eventually set aside.  Here, from an article explaining the situation:
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 Effects and controversies The scheduled increases in accelerated depreciation deductions were repealed, a 10 percent withholding on dividends and interest paid to individuals was instituted, and the Federal Unemployment Tax Act wage base and tax rate were increased. Excise taxes on cigarettes were temporarily doubled, and excise taxes on telephone service temporarily tripled, in TEFRA.^[3]
President of the United States Ronald Reagan agreed to the tax hikes on the promise from congrtess of a $3 reduction in spending for every $1 increase in taxes. http://www.policyarchive.org/handle/10207/bitstreams/9126.pdf Some conservatives, led by then-Congressman Jack Kemp, claim that the promised spending reductions never occurred.^[4] One week after TEFRA was signed, H.R. 6863 - the Supplemental Appropriations Act of 1982 which Ronald Reagan claimed would "bust the budget" ^[5] was passed by both houses of Congress over his veto.^{[6] 
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Of course, we know by now that the congress reneged..never made good on their solemn promise ..
 
..But Two-Blocked, when you tell the story...please, tell the whole story.
 
One thing many of us learned back in 1983..."solemn promises" mean NOTHING to Democrats..}

[mcwoodduck]

Reagan's tax increase, conveniently not mentioned.

I will mention them.
Regan made an agreement with the Democrat Congress to increase taxes and for every $ in tax increases the Demcorats would cut spending by $2.  They lied and increased spending by $3 for ever increased tax $ and created the first of the huge deficit spendings on their social programs that only created more welfare and poor people and a larger governemnt.
Regan thought the Democrats were honorable and made a deal with them.

[magooch]

If it's true that the Dumycrats pulled that on Reagan, you would think that George Bush the 1st would have learned from it, because it happened to him too.
 
Better yet, this lying bunch of commies (Obama and Co.) tried to pull a ten to one on John Boener and the House Republicans.  So far it hasn't worked.
 
Anyway, I'm still puzzled why we're arguing history as pertains to the dung heap we're buried in.

[nomosendero]

The middle class is suffering because of Obama and his failed (or not failed ) policies.
The middle class we are told are the Union workers and the small business owners.
The Democrats have a war on the rich and it is hurting the middle class.
The GREEN policies stop manufacturing, drilling, refining, logging and trucking most are union jobs.
The war on the rich with increased taxes has only caused prices to rise, hurting the poor and middle class more.
If you tax the rich they will not feel it as badly, they will order a $50 bottle of wine with dinner rather than a$100 bottle and that hurts the waiter, bartender, buss boy, and the restaraunt owner taking money out of their pockets as the tip will be half of what it was going to be.  The rich still go out to dinner and enjoy good things but it hurts the serving middle lcass of the restaraunt owner and his staff.  At the same time as costs rise the middle class that would go to restaraunts on a regular basis are now headed there only on special occasions, and spending their wages on the increased costs of fuel, food and housing.

Sums it up well!!

[45-70.gov]

The middle class is suffering because of Obama and his failed (or not failed ) policies.
The middle class we are told are the Union workers and the small business owners.
The Democrats have a war on the rich and it is hurting the middle class.
The GREEN policies stop manufacturing, drilling, refining, logging and trucking most are union jobs.
The war on the rich with increased taxes has only caused prices to rise, hurting the poor and middle class more.
If you tax the rich they will not feel it as badly, they will order a $50 bottle of wine with dinner rather than a$100 bottle and that hurts the waiter, bartender, buss boy, and the restaraunt owner taking money out of their pockets as the tip will be half of what it was going to be.  The rich still go out to dinner and enjoy good things but it hurts the serving middle lcass of the restaraunt owner and his staff.  At the same time as costs rise the middle class that would go to restaraunts on a regular basis are now headed there only on special occasions, and spending their wages on the increased costs of fuel, food and housing.

i as a landlord  rent a home to the staff at the restarant


the staff has trouble paying rent.....so some of them move in together


i have to reduce rent to be competitive in the rental market


so  now  i don't go out and eat as often