Jan. 1, 2013, seemed a long way off in the Chicken Summer of 2011. That’s when Congress reached a deal that ended, or rather postponed, the debt-ceiling crisis by declaring that automatic cuts in federal spending would be triggered at the beginning of 2013, unless a bipartisan supercommittee came up with a sweeping plan for reducing the deficit. (Predictably, it didn’t.)
Barack Obamais desperate to make people believe that he really cares about “the middle class.” After four years, his actions speak louder than words. Some 85% of the middle class say they are worse off today than they were ten years ago. Continue reading →
All over America tonight, there are millions of desperate families that are being ripped apart by this economy. There aren’t nearly enough jobs, and millions of Americans that actually do have jobs aren’t making enough to even provide the basics for their families.
Speaking to supporters on a campaign stop in Virginia, President Barack Obama said that “We don’t believe anybody is entitled to success in this country.” This followed several days of calling out his Republican challenger, Mitt Romney, on their differences over the national economy and unemployment statistics since their debate encounter on October 3.
The middle class in America is being systematically destroyed. Once upon a time the United States had the largest and most vibrant middle class in the history of the world. The rest of the globe looked at us in envy and wondered what we were doing right. But now everything seems to be going wrong for the middle class. Millions of our jobs have been shipped out of the country and competition for the remaining jobs is keeping wages at depressed levels.
Steve Wynn, the billionaire casino mogul, says that even though his business is doing better this year compared with last year, the White House is not telling the whole truth when it says the economy is improving.