red states rule
09-01-2012, 05:20 AM
How anyone in the middle class can possibly consider voting for Obama defies logic
The hope and change Obama is bringing us is destroying the base of the US economy
The middle class is receiving less of America's total income, declining to its smallest share in decades as median wages stagnate in the economic doldrums and wealth concentrates at the top.
A study released Wednesday by the Pew Research Center highlights diminished hopes, too, for the roughly 50 percent of adults defined as middle class, with household incomes ranging from $39,000 to $118,000. The report describes this mid-tier group as suffering its "worst decade in modern history," having fallen backward in income for the first time since the end of World War II.
Three years after the recession technically ended, middle class Americans are still feeling the economic pinch, with most saying they have been forced to reduce spending in the past year. And fewer now believe that hard work will allow them to get ahead in life. Families are now more likely to say their children's economic future will be the same or worse than their own.
In all, 85 percent of middle class Americans say it is more difficult now than a decade ago to maintain their standard of living. Some 62 percent say a lot of the blame lies with Congress. A slight majority say a lot lies with banks and other financial institutions. Just 8 percent blame the middle class itself.
http://www.lasvegassun.com/news/2012/aug/27/us-declining-middle-class/
The hope and change Obama is bringing us is destroying the base of the US economy
The middle class is receiving less of America's total income, declining to its smallest share in decades as median wages stagnate in the economic doldrums and wealth concentrates at the top.
A study released Wednesday by the Pew Research Center highlights diminished hopes, too, for the roughly 50 percent of adults defined as middle class, with household incomes ranging from $39,000 to $118,000. The report describes this mid-tier group as suffering its "worst decade in modern history," having fallen backward in income for the first time since the end of World War II.
Three years after the recession technically ended, middle class Americans are still feeling the economic pinch, with most saying they have been forced to reduce spending in the past year. And fewer now believe that hard work will allow them to get ahead in life. Families are now more likely to say their children's economic future will be the same or worse than their own.
In all, 85 percent of middle class Americans say it is more difficult now than a decade ago to maintain their standard of living. Some 62 percent say a lot of the blame lies with Congress. A slight majority say a lot lies with banks and other financial institutions. Just 8 percent blame the middle class itself.
http://www.lasvegassun.com/news/2012/aug/27/us-declining-middle-class/