Filed under: Capitalism, Democrat Corruption, Economy, Energy, Liberalism, Politics, Progressivism, The United States | Tags: Hurting the Middle Class, Obama's Propaganda, Unintended Consequences
Back on July 30, Obama made a big speech about the middle class. Let me insert here that I have always believed in America as a classless society, but there are surely a lot of other people who are quite determined for us to have “classes.” That’s what Democrats do.
They talk a lot about classes. It’s OK if you are in the “middle class”, that is to be admired, but “the rich” are to be hated as a class, unless you are looking for campaign donations, people’s houses to rent for a vacation, celebrities to hang out with, or talking about those who donate to the other party. “The poor” are to be given stuff, entitlements, benefits, programs, everything but opportunity — which comes in the shape of things like approving the Keystone XL pipeline and its 20,000 jobs. But I digress.
The president said “what we need to do as a country is to secure a better bargain for the middle class — a national strategy to make sure that every single person who’s willing to work hard in this country has a chance to succeed in the 21st century economy.”
Then he went into his usual line about fighting our way back from the worst recession since the Great Depression that cost millions of Americans their jobs. Sorry, the recession ended in June of 2009. Millions of Americans have lost their jobs on your watch, Mr. President, specifically because of your policies.
Anyone who insists that ObamaCare employer penalties are not having a major impact on work hours simply hasn’t been looking at the evidence. One hundred fourteen million workers are working 34.4 hours a week on average. But some industries have seen an unprecedented drop in work hours since ObamaCare became law: retail bakeries – 27.4 hours; services for elderly and disabled – 27.6 hours; home centers – 30.5 hours; general merchandise stores – 29.8 hours. A lot of folks have seen their hours (and income) cut in half.
Obama and his speechwriters put a pretty face on his speeches. Of course that’s what politicians do, because they want to be admired. But pretty words and well-turned phrases can do a fine job of concealing reality, and the reality is not pretty. The middle class in America is on a collision course with extinction. Here are a few important facts:
- 76% of Americans live paycheck to paycheck
- 27% of American have no savings at all
- 46% of Americans have less than $800 in savings
- The conversion of America into a part-time working society and the country’s second largest employer – a temp agency.
- The college trap and the student loan bubble
- And of course, foodstamps, foodstamps, foodstamps and the nearly 50 million poverty-level Americans who need them to survive
Here’s a brief 7 minute refresher course. Seven minutes doesn’t begin to cover the decline of the middle class, the failure of an administration that doesn’t know what it’s doing, and the wrongheaded policies that are directing that failure.