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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (10556)	11/7/2007 1:03:30 PM
From: Sedohr Nod	Respond to of 25737

If people wonder why John Edwards resonates with a lot of people Who is wondering that? Edwards has been a steady 14-17% in the polls as best I can tell. He probably has a slightly better chance than Ron Paul at becoming the President. Which is, barring some great shift....none.

To: pompsander who wrote (10556)	11/7/2007 1:15:51 PM
From: DuckTapeSunroof	Respond to of 25737

Our economy was built upon our miraculously successful middle class (unlike the much more top-heavy and bottom-heavy economies of Europe --- with their smaller middle classes). It has been the engine of our growth since WW II. Take away it's growth in wealth and the economy stalls. First the stagnation in real wages that has happened over the past eight years or so... even longer if you factor out the contribution of women wage earners to the average family's income, which was the significant change that mostly began in the 'seventies and delayed the stagnation for a while. And, second, the reverse of the temporary Fed-engineered 'wealth effect' from the pumping up of the money supply, which appreciated home prices far above the normal range of appreciation, and thus allowed equity withdrawals to temporarily augment family incomes.... But, in the end, there is no free-lunch. We need two things badly. True tax simplification and reform to give the productive middle classes a chance again... and for the government to quite wasting hundreds of billions of borrowed dollars on cost-ineffective schemes.