To: tejek who wrote (148342 ) 1/20/2015 2:13:14 PM From: RetiredNow Read Replies (1) | Respond to There is hype and then there are facts. I have said all along that this administration's policies for recovery have all been about enriching the 1% at the expense of the 99%. Ask yourself this: why all of a sudden does Obama feel like he needs to do something for the Middle Class? Well, it's because he knows they have been hurting disproportionately during his Presidency due to his policies, and he knows he'd better do something to give the Dems a chance at the next Presidency. He gets the diagnosis correct, but as usual, gets the solution wrong. I have told all of you that printing money will enrich all of the asset holders, like me, and the banks, but it will be ruinous for the 99%. And it has been. Obama now recognizes this and he wants to tax the rich and the banks to give money to the Middle Class. What he should be doing is stop all the monetary manipulation, which is nothing more than the mother of all trickle down exercises, and let the rich people sink or swim on their own. They don't need a bailout. I don't know why Obama bailed out the rich and the big banks. Why didn't he bail out the 99%? Because he doesn't care or can't figure out how to do it in a sustainable way. That's why. You fool yourselves into thinking he does, but his actions speak far louder than his words. Now he's going to implement yet another socialist redistribution program to attempt to correct his mistakes of the last 6 years, instead of going back to capitalism, which works far better to spread the wealth. What a buffoon!This is why Obama is so concerned about the middle class money.cnn.com Tami Luhby @Luhby January 20, 2015: 11:01 AM ETwages , which the middle class depends on, have stagnated. middle class and working Americans . The president wants to give a $500 tax credit to working couples to help them pay for child care or commuting expenses. He plans to outline his middle class agenda in the State of the Union on Tuesday. middle class , meanwhile, has given up all the income gains it enjoyed during the tech boom of the late 1990s and the housing boom of the mid 2000s. average hours earnings in recent years, is one of the main reasons why Americans say they aren't feeling the economic recovery. wealth nearly double over the past 30 years, while the middle class' net worth has ticked up less than 13%, according to Edward Wolff, professor at New York University. The poorest Americans have fallen into debt.
