Obama's No Champion of the Middle Class

In last week's Osawatomie, Kansas speech on "Income Inequality," Barack Obama attempted to channel Teddy Roosevelt by claiming that he, like Roosevelt, was a champion of the middle class against the evils and ravages of the rich, Wall Street, and big business. But, you see, that's a phoney argument. In fact, it is Obama who has done everything possible to destroy the middle class since being in office. And, here's why.

In less than 3 years, Obama has raised the federal debt by more than 30% through massive spending programs that he had claimed would rejuvenate the economy. Instead, unemployment continued to rise and the economy has only limped along over that last two years; prompting some to even predict a double dip recession.

But, any of the economic benefits that were supposed to be created by all that spending were more than offset by the fact that the U.S. dollar was being devalued in the process. This, in turn, meant that Americans would pay higher prices for many imported goods. At the same time, the weakened dollar caused world oil prices to more than double because, world-wide, oil is only traded in U.S. dollars. Then, too, Obama's war on carbon fuels and his green energy policies are forcing Americans to pay more and more for all their energy needs.

Overall, the average American family is spending more for all of those essential goods and services in their daily lives. This includes food, clothing, fuel, and energy. Effectively, the middle class has had their spending power reduced along with their standards of living -- thanks to Obama. People on fixed incomes are hurt even more. In a nutshell, that's why Obama is no champion of the middle class.