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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (111248)3/16/2012 11:38:58 PM
From: RetiredNow  Read Replies (3) | Respond to of 149317
 
I live in a fairly conservative area on the East Coast. I consider my neighborhood to be upper middle class. Most of my neighbors are professionals earning decent money and almost all have been fully employed throughout the entirety of the last 4 years. Let me put it this way. We are the ones benefiting most from Bernanke's largess. Unlike most Americans who are watching their wages stagnate or decline, while prices increase, my neighborhood is watching our wages and portfolios increase substantially. It's a guilt laden era for most of us, which we talk about over a beer on weekends. Our kids are in college and we're doing great. But it's evident that the rest of the country is not doing so great. This is the most bifurcated "recovery" I've seen in my lifetime. The rich are getting richer and the poor are getting poorer. Yes, it's nice for them that the government has cast a wide safety net, but all of us know that's not a long term solution. Jobs and sustainable long term growth is what's needed, not a short term sugar high.