Thursday, May 3, 2012

The Dying Middle Class Under Obama

In 2008, the campaigning Barack Obama blamed George Bush and Republican policies for the decline of the middle class.  However, since taking office, he has overseen a massive decline in the incomes of the average middle class family; a loss in incomes to the tune of $4300 a year (Click for story).  

For the middle class, it isn't just the take-home pay that is killing their lifestyle.  They are also getting squeezed at the gasoline pump; at the grocery stores; in their electricity costs, and in paying their local and state tax bills.  Altogether, my guess is that the average middle class family is more than $7,000 a year "less better off" than they were when Obama took office.  And, for the working poor, the impact is even more hurtful. 

Obama failed to correct the economy and stem the loss of jobs and home values.  His spending policies failed to stem unemployment and only drove prices up.  Yet, with all the economic problems facing America, the President, instead, focused in on a massive takeover of health care.  Only a fool would want to reelect this man.

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