In Romney Deficit Plan, Obama Campaign Sees Class Divide

You have devestated me as well!

We ARE the 99%!

Obama, you’re fired!

I have to trust the process that based on performance and not words – Obama is gone. (Is anyone else as sick to death of listening to Obama’s ‘words’?) Not one of Obama’s policies have resulted in economic growth or job growth. Why anyone would don the Obama button and ignore the lack of improved economic performance while also ignoring the astronomical debt at this point is simply more worried about being wrong ideologically than facing simple facts. I don’t care who is in office, if the policies that got them elected don’t produce results then you had your chance – now move on.

Destroy the middle class? What middle class, Mr. President? You’ve already just about destroyed it and probably will complete the job before your 1st term is over with. On the only good side to this is the fact that you seem to be destroying the Democrat Party for many years. 2012 can’t come soon enough, ANYBODY BUT 0BAMA!

Ha. I love how he says :No, no, we have a moral responsibility not to spend more than we take in.” Bull malarky. There was PLENTY of money for seniors. The govt borrowed from the seniors and now, not only do they not want to pay it back (because of repubicans appealing most of the wall street regulations that led to this crisis) but they want to cut benefits and tax my kids more heavliy. No, I think not. Fire about half of the highest paid staff in washington, (except the president because he is actually trying to help) and replace them with college graduates who understand the global economy and the trade issues… Get america working again.. And make taxes fair for all… Even Warren Buffet agrees. Even the 1% need to pay their fair share…

Anybody but Obama.Im broke, and I work my ass off every day.And Im sick of Obama’s lies.

Who in their right mind is listening to anything Obama is saying? He is the most petty, partisan and liberal President this country has seen in a long time. Remember the near trillion dollar economic stimulus plan democrats passed for Obama that was designed to bring “shovel ready” jobs to a slow economy and unemployment would dip below 8 percent (unemployment is 9.2 percent)? Remember how a 1/2 trillion dollars was given to Solendra, a green company that went bankrupt after millions of dollars wound up in Obama’s campaign? Remember that businesses are reluctant to hire new employees due to excessive government regulations and the uncertain costs of Obamacare?Remember the democratic controlled Senate has not passed a budget in three years (uncontrolled spending and no budget cuts)? Remember that Obama has run up a $4 trillion dollar national debt in 3 years while it took George Bush 8 years to run up the same level of debt? Now, you tell me whose policies are destroying the middle class!

Ever notice that politicians, whatever brand, are more concerned about getting reelected then they are about doing what’s best and right for the country? We need to FIRE them all!

Like he’s not already doing that printing money???

“Can you imagine if mccain/palin would have won.” ———————- Yes I can. – No Obamacare. No failed $800 Billion “Stimulus”. Increased domestic energy production. Pro-business policies. More jobs. Less food stamps. Less govt. Candidates running for reelection on their accomplishments, rather than fear and class warfare… Depressing, isn’t it.

What’s the point of this article by ABC? Oh, I forget. Your in the tank for Obama.

November 2012 the middle class will remember the job situation, the out-of-control deficit, their fallen home values (if they are fortunate enough to still be their home…), their trashed 401k accounts, the incompetence, cronyism and corruption of this Administration….. It’s all too clear who has devastated the middle class.

We are going to feel the devastation of these four years for decades. Alibi Ike and his amateurs haven’t a clue but they LOOK good, darlin’ , driving us to the poor house. They are pros when it comes to photo ops and sound bites, though.

Hasn’t that been the GOP plan all along? Apparently the GOP is clueless to the consequences of destroying the middle class. There will be a revolution you can be certain of that. The Republicans and the rich will become targets.

Only complete idiots try to blame the economic meltdown on Obama. TARP was an emergency measure passed under Bush. It saved some big companies, great, but was sold as a panacea for all that was wrong. There was no point in telling the middle class that the 1% had just sentenced the rest of the country to 10 plus years in economic jail, plus you can’t bail out the rich and not at least pretend you’re trying to help the rest. That’s basically how Bush left it.

Republicans want to preserve their money. The only ones telling them they can are the candidates corrupted by wall street and corporations because that’s what they know will get votes. Just get ready for the same old tax and spend work-over either way. Our government is a snake pit of corruption that no voter is ever going to clean up.

Call a constitutional congress now to end the corruption in our government. Get lobbyists’ cash out of the Capital.

The big “0″ MUST be removed from Office by any means possible:
1. Fast and Furious – Illegal movement of guns into Mexico
2. Solyndra, SunPower, First Solar – Bankrupt
3. Lybia – unauthorized by Congress, bypassing the war powers act
4. Backdoor Amnesty for Illegals – Executive Fiat passed while Congress was on vacation
5. ObamaCare – provides free health care for illegals via migrant workers clinics
6. Apology Tour – apologizing to arab countries for America
7. Arab Spring – Obama support for Arab revolutions, destabilizing governments and putting radical Islamists in power.
8. Continuously funneling tax payer $$ into failed companies to get campaign contributions.
——-I could list more.
OBAMA MUST GO !!!
Write your rep in Washington and complain
House of Representatives: WRITEREP dot HOUSE dot GOV
Senate: SENATE dot Gov

Our economy cannot recover while Obama digs us deeper in debt. Romney’s fiscal responsibility is what we need. True leadership is demonstrated in his willingness to name even unpleasant cuts. Romney’s fiscal plans are the most honest proposals seen so far from the GOP candidates. The deficit spending of recent years is outrageous. Let’s end it.

Thanks President Obama for bringing us back the brink of a Depression. Thanks for taking care of Osama Bin Laden. Thanks for taking care of Gadaffi. Thanks for stopping the 700,000 job losses per month we had in late 2008, during the bush years. Thanks for saving the American car companies. We need to make products in USA. Can you imagine if mccain/palin would have won. What a nightmare that would have been. Obama/Biden 2012.

It’s futile to pin hopes of fiscal responsibility on one party or the other. We thought we could get something useful from the Tea Party, but the movement was railroaded by corporate sponsorship. Corrupted by campaign financing money that chooses the candidate that is promoted to the voters in the media buys, and never may that candidate dare forget who put them there. It’s not the voters who put them there. Not really.

Fiscal responsibility is long gone. If you continue to vote one party or the other in the hope of fiscal responsibility, then you have met the old “repeated action while expecting a different result” definition of insanity. It’s a money game. Their game, your money.

Down with the status quo!!!

Down with those who allow wall street to get richer!!!

We ARE the 99%!!!

Obama – you’re FIRED!!!

Occupy government!!!

Obama has already decimated the middle class. If he is re-elected, it will be destroyed completely.

Voting for Romney or any Republican for president or Congress does nothing to break up the 1%’s stranglehold on power in both the private or public sectors. Indeed, Romney’s plan includes a huge giveaway to the wealthiest of the wealthy elite.

“David Koch actually hosted one of the first fundraisers of Romney’s current bid for the White House, and according to the Romney campaign, the Kochs are the “financial engines of the Tea Party.” Though Romney claims to be “not worried” about the rich, the actual policies he’s proposed would do a lot to ensure that the Kochs’ never have to pay their fair share.”

That is what Republicans DO. They will cut and eventually end Medicare and Social Security to give the rich more tax cuts. Think it can’t happen? Remember when company pensions were the norm and now we have 401k, Wall Street loves the influx of cash but few save enough for actual retirement. ..same with health care. “Divide” is when the 99% take issue with the the pandering and favoritism politicians give the 1% and class warfare is when the poor and middle class say enough!

I can tell by some of these conservatives responses that you all must really love that
(co)Cain because alot you all sound crazy! You guys do realize that there some of you republicans that are out of work too and here is a man that wants to take measures to help put an end to all this unemployment and just because your representative thats already employed and wealthy votes against it out of nothing but pure spite (like they vowed to do before Obama was even inaugurated) you all just bob your heads and agree with them just because. I know alot of you all are well off, but with how things have been lately there are alot of you all that arent doing so good and are out of work and you all have been relegated to middle class or worse now too and everytime they say “no” to the presidents Jobs Bill that affects you too. How can you look at your family every night and say ” we gotta be broke and daddy has to stay out of work one more year until we can try to vote this president out of office because the people that represent us in DC dont like him”? Conservatives have fought so hard against the prez ( like they vowed to) that none of his policies that he created or differed from the previous administration that could directly affect us personally hasnt event came to existance so what the source of contempt towards Obama could be I dont know…besides the obvious. He was responsible for helping catch one of the most wanted men in the history of the world and you all barely even wanna give him credit for that. And one more thing…this Herman Cain guy… you do realize just recently he made a statement that pretty much said if you arent emplyed and are not financially stable that its your fault and you have no one to blame but yourself YET alot of you arent employed or financially stable right now but you all wanna give your support to an arrogant and insensitive person thats dumping on YOU…the unemplyed and financially unstable. Cain says blame yourselves, but you all want to blame Obama? Help me understand that. Mind you he said that RECENTLY..during the height of all the down turn in the economy and unemplyment. Think about whats really going on here people.

… you do realize just recently he made a statement that pretty much said if you arent emplyed and are not financially stable that its your fault and you have no one to blame but yourself YET alot of you arent employed or financially stable right now but you all wanna give your support to an arrogant and insensitive person thats dumping on YOU…the unemplyed and financially unstable. Cain says blame yourselves, but you all want to blame Obama? Help me understand that. Mind you he said that RECENTLY.

You pretty much have to believe Obama on this. If anyone knows how to devastate the middle class and pit class against class it’s Obama. What a shameless twit.

No wonder the GOP, its tea party, its congressional members and its presidential candidates are viewed so unfavorably by Americans!

Romney supports the wealthy elite over the vast majority of Americans.

McConnell has made filibuster the senate norm, and despite the fact that there is nothing partisan about strong infrastructure, despite the fact that the vast majority of Americans SUPPORT a jobs bill that invests in infrastructure, not one Republican was willing to break the filibuster against sensible spending on infrastructure repair, putting millionaires before jobs, the future and remaining competitive in the global marketplace.

The GOP is trying the patience of American voters and the middle class. Vote them out! They hate gov’t jobs. Why should they keep one?

Obama would see “class divide” in kindergarten seating chart!! ——– He sells class divide… he lives class divide… he IS class divide!!! —- Oh, and he will be unemployed in 14 months!!!!

Deficit spending cannot continue. Countries, like individuals, cannot keep on spending more than they take in. I am a lifelong Democrat who has never voted for a Republican for President; however, if Governor Romney is the GOP nominee, I will vote for him. I have been fiscally responsible all of my life and have saved money. All Obama is interested in doing is looking after those who are in debt. At least Governor Romney would not tax the little bit of interest that I am earning, given the fact that the feds have kept the rates artifically low to benefit all those in debt.

Kimberly 9:33 am —– Give me a break about “government jobs”….. the Obama Administration’s policies have ballooned the number of “public sector” jobs DURING A RECESSION while borrowing $40 of every $100 spent!! —- How smart is that?? —- Go preach your “class warfare” crapola somewhere else… nobody believes what you typed!! —– What we WILL REMEMBER next election………. 1) Obamacare, 2) Dodd-Frank, 3) unemployment, 4) record deficits, 5) US credit downgrade, 6) spending up 24% in three years… 5) Solyndra-Gate… 6) Fast&Furious-Gate… 7) Fiskar-Gate… 8) SunPower-Gate (coming soon)!!!!

He’s right….all the GOP plans are exactly the same thing: A tax cut for the wealthy and double tax on the poor and middle class. It’s a sham, they are all using different terms to explain it and unfortunately it proves how gullible people really are. You can complain about Obama all you want, but facts are that the GOP have refused to do anything to help the American people. Yesterday alone they rejected fixing infrastructure to debate ‘in God we trust’ again…so it’s redefining rape, taking away womens rights, and pushing more religious objectives while the country burns because they want the Presidency, so we can continue ‘trickle down, and tax breaks for the wealthy’..both of which are proven failures.

To the 99%, I viewed all the vandalism in Oakland on Michelle Malkin Nov 3,
website. I will say one thing for you guys, you are creating jobs at a faster
pace then anything Obama has done. Keep up the good work. And watch out
The department of homeland security has put listening devices in the new street lights in many cities. Now they can not only give public service announcements,
but eavesdrop as well. Technology ain’t it grand.

U.S. jobless rate dips to 9 percent — its lowest since last April — but economic slowdown continues as number of new jobs added drops to its fewest in four months — barely enough to keep pace with population growth.

Another Obama job failing month…maybe he should give more to the failing solar firms

“He’s right….all the GOP plans are exactly the same thing: A tax cut for the wealthy and double tax on the poor and middle class.”

Do you realize that 47% do not pay ANY federal taxes? In fact, a study done by an accounting firm found that a family with two dependents making $50,000 or less paid no taxes. Perhaps it is the fact that I was single for a large portion of my life and was never able to get into that group that paid -0- taxes, but I do not think that is fair. For those of you that do, fine; everyone is entitled to have an opinion. I personally believe that everyone should pay some federal taxes, even if the amount is just $25 or $50. Nobody should get out of paying federal taxes.

Congress has had as much to do with devastating the middle class as anyone. Wake up!

Posted by: LogicRules
_____________________
The Republicans in Congress weren’t there the first two years of Obama’s administration. Obama got everything he wanted. Why wasn’t the economy a utopia then?.

What’s all this BS about public sector jobs and private sector jobs? A job is a job. I’m sure the people out of work, trying to pay their mortgage and put food on the table could care less what a job is titled.

Why do the republicans always try to use catch phrases and convoluted adjectives to make a point?

Posted by: tmferretti | November 4, 2011, 10:59 am 10:59 am

You could really benefit from an Econ 101 class. The private sector PAYS for the public sector. The public sector could not exist without the wealth created in the private sector. If the public sector grows while the private sector shrinks, there’s less and less money to pay for the public sector. Every dollar removed from the private sector by the government destroys the ability for that dollar to create jobs and wealth to sustain the government.

IVAN

If you remember we were losing 1/2 million jobs a month when President Obama took office. The financial institutions were in meltdown. President Bush proposed TARP which then President Elect Obama supported. It saved us from going into a depression that would have made the great depression look like a walk in the park. Not only did TARP save the financial institutions we made a 20 billion dollar profit. Both presidents saw we needed to spend to save this country, they did what they thought was right for America, not their party. That’s something the republicans of today need to learn.

If you want an economic utopia I’m afraid you’re going to have to wait. It’s going to take time to get us back on our feet, thanks to the policies of the previous administration.

I’m sure you folks have noticed that when Obama is fresh out of any idea whatsoever he is right in there plying the “class warfare” and race cards.I call lit neither……I call it desperation by a flunkee.

ASIDE TO KIMBERLY……….a whhole response with no legitimate or illegitimate “poll” to support your position? WOW!…you are beginning to see the light!!

Testing – Banned Words?

chauffeur

Politico reports:
“President Barack Obama used a press conference Friday at the G-20 Summit in Cannes, France, to denounce Republican obstruction of his jobs bill and urge for its passage, especially in light of disappointing new jobs numbers.”

Instead of having a United country, Obama is doing everything in his power to divide it. And now he has taken it to the world stage. Totally inappropriate and Disgusting.

WHERESMYMONEY | NOVEMBER 4, 2011, 12:18 PM “Instead of having a United country, Obama is doing everything in his power to divide it. And now he has taken it to the world stage. Totally inappropriate and Disgusting.”

Every single Republican refused to vote for the recent miniscule 0.7% tax on people making more than $1 million to fund the proposed infrastructure jobs bill. The bill would require 345,000 of America’s top wealthy taxpayers to contribute around $13,000 more in taxes.

What’s “disgusting” is that the only way Republicans will agree to spend money on infrastructure projects is to take money away from programs that primarily benefit the lower and middle classes.

It’s our choice. Believe that the wealthiest will voluntarily create infrastructure jobs, or vote Republicans to the unemployment line.

“We have stopped the loss of 1/2 million jobs a month.”

Sure you have. Any plans to stop the loss of 400,000+ jobs a month?

Loyal Oppostion/Noz

Oh, people believe me and agree. The GOP, its congressional members, its tea party and its presidential candidates are extremely unpopular due to the class warfare they wage, gridlock, their failed policies and their broken promises.

Romney, Cain, Gingrich, Perry– all support the wealthy elite over the vast majority of Americans.So do Rubio, Cantor, Bachmann, Paul Ryan… etc. Most also can’t keep their stories straight, or their hypocrisy and misinformation in check.

McConnell has made filibuster the senate norm, and despite the fact that there is nothing partisan about strong infrastructure, despite the fact that the vast majority of Americans SUPPORT a jobs bill that invests in infrastructure, not one Republican was willing to break the filibuster against sensible spending on infrastructure repair, putting millionaires before jobs, the future and remaining competitive in the global marketplace.

Dems will keep on teeing up jobs bills because the American people support the provisions.

The GOP is out of step with America and its values. The GOP is trying the patience of American voters and the middle class. Vote them out!

They hate gov’t jobs. Why should they keep one? (And no, they don’t keep anyone “in check”. Did they keep the housing bubble and banks in check? Did they keep deficit spending when they were in charge in check? Nah. That’s a b.s. response. Instead, they crash economies, start wars, break their promises, drive up the deficit, favor the elite power base… and fail to keep anyone “in check”)

Vote out the unpopular GOP.

“We need to quit worrying about who shot John and to everything we can to make Congress functional again.”

Posted by: tmferretti | November 4, 2011, 11:55 am 11:55 am

Congress will not be functional again until Reid loses his job. He’s the one holding up legislation (15 bills at last count) that will improve the economy. Why? Well, if the economy improves, Democrats can’t insist that the “government should do more” (i.e., deficit spend resulting in increased welfare and union payoffs).

This is all being done on purpose.

Democrats know they cannot stay in power unless the majority of Americans are dependent on handouts for their very survival. The Obama administration is very aggressive about getting Americans hooked on welfare, especially food stamps. States are awarded millions of dollars not for weaning people off food stamps but for getting them signed up in record numbers! Obama is not interested in creating jobs. He’s interested in creating a huge welfare class. He has succeeded. He is presiding over the largest welfare class in our history. THREE YEARS into his presidency, poverty continues to increase dramatically on his watch. Democrats are playing you for a fool. Wake up.

Obama has already devastated the middle class during the past 3 years.

Posted by: panola | November 4, 2011, 6:34 am 6:34 am

Oh sure, President Obama was responsible for the massive economic collapse on Bush’s watch – the main source of economic dysfunction in the country.

“They don’t care about true small business otherwise they would have voted for the bill in 2010 that was a loan bill specifically FOR SMALL BUSINESS!! They ALL voted against it! Don’t you get it??” – Dave

Small business doesn’t want or need loans from the federal government.
They just want government to get out of their way.
Don’t you Get It Dave?

WHERESMYMONEY | NOVEMBER 4, 2011, 12:18 PM “Instead of having a United country, Obama is doing everything in his power to divide it. And now he has taken it to the world stage. Totally inappropriate and Disgusting.”

Every single Republican refused to vote for the recent miniscule 0.7% tax on people making more than $1 million to fund the proposed infrastructure jobs bill. The bill would require 345,000 of America’s top wealthy taxpayers to contribute around $13,000 more in taxes.
Posted by: green.goddess | November 4, 2011, 12:37 pm 12:37 pm

! Your statement has nothing to do with the fact that Obama is now using the WORLD stage to whine about Republicans. It is deplorable.

2. Obama had 2 full years and 787 Billion dollars, part of which went to not so “shovel ready” infrastructure jobs. Throwing more money at unions in order to reinvest in Obama’s next campaign is NOT the answer.

3. The Republicans are doing what they were voted in to do. It hasn’t been covered in MSM (surprise) but Colorado voted DOWN a sales tax increase intended to fund public schools. 65% of the people said NO, throwing money at something is NOT the way to fix it!

I have 14.952 Trillion reasons why.

Posted by: Noz | November 4, 2011, 2:11 pm 2:11 pm

And you also clearly don’t a clue what the massive economic collapse on Bush’s watch did to the ongoing deficits and debt of the United States.

And you also clearly don’t a clue what the massive economic collapse on Bush’s watch did to the ongoing deficits and debt of the United States.
Posted by: Dave | November 4, 2011, 2:17 pm 2:17 pm

We understand that Obama and the Dems have INCREASED the debt by over 4 trillion dollars, and there has been NO BUDGET in over 900 days.

We understand that Obama and the Dems have INCREASED the debt by over 4 trillion dollars, and there has been NO BUDGET in over 900 days.

Posted by: wheresmymoney | November 4, 2011, 2:37 pm 2:37 pm

Again, you illustrate you have no clue what the massive economic collapse on Bush’s watch did to the ongoing deficits and debt of the United States.

Obama is responsible for the worst recovery from a recession in the history of this country.

Posted by: foggy | November 4, 2011, 2:43 pm 2:43 pm

After the grotesque trade imbalance solidified under the Bush administration, a slow economic recovery is not at all unexpected.

WHY would I be disillusioned by Obama??? —— Maybe his nearly THREE-YEAR RECORD SPEAKS FOR ITSELF— unemployment 9.1%… spending increase of 24%… record deficits… credit downgrade… Obamacare crammed down our throats… Czars creating legislation…… SOLYNDRA-GATE!…. FAST&FURIOUS-GATE…. SESTAK-GATE…. Too bad for Obama and the Dems in 12 months!!

“After the grotesque trade imbalance solidified under the Bush administration, a slow economic recovery is not at all unexpected.” – Dave

Especially when you have a president who doesn’t understand business or economics.

Especially when you have a president who doesn’t understand business or economics.

Posted by: Noz | November 4, 2011, 2:57 pm 2:57 pm

Especially compared to you.

Dave 2:41 pm —— You said “the massive economic collapse on Bush’s watch did to the ongoing deficits and debt of the United States” ———- Please tell me about all the legislation passed by the GOP, with obvious Dem disapproval, that caused the collapse?? —- Obama and the Dems made the decision to pass a HUGE “stimulus” bill that didn’t work…. Obama and the Dems made the decision to pass two HUGE pieces of legislation that has the business world stifled… Obama and the Dems made the decision to increase discretionary spending 24% in the last three years… Obama and the Dems have created an environment where government employees are increased by 12% in the last three years (during a RECESSION)… Obama and the Dems have made no HONEST attempt to reign-in spending or cut the deficit!!!

Obama is responsible for the worst recovery from a recession in the history of this country.

Posted by: foggy | November 4, 2011, 2:43 pm 2:43 pm

After the grotesque trade imbalance solidified under the Bush administration, a slow economic recovery is not at all unexpected.

POSTED BY: DAVE |

No Dave. It’s the worst recovery ever by a lot. You can not find a single person that expected a recovery this bad.

No Dave. It’s the worst recovery ever by a lot.

POSTED BY: FOGGY | NOVEMBER 4, 2011, 4:59 PM 4:59 PM

That’s what I said. The obscene trade imbalance solidified during Bush’s administration basically guaranteed there would be no fast recovery for the United States. Hard to have a quick, healthy recovery when your balance of trade is as poor as what Bush’s administration left the country.

Clearly you didn’t get the memo from Obama about civil discourse.

POSTED BY: NOZ | NOVEMBER 4, 2011, 5:33 PM 5:33 PM

Especially compared to you.

“Hard to have a quick, healthy recovery when your balance of trade is as poor as what Bush’s administration left the country.”

It is evidently impossible to have a recovery with Obama as president.

“Two years of economic growth under Obama is far, far better than the mess the last administration left.”

Two years of the worst post-recession growth in the history of this country. And only cheerleaders like Tierra think it is getting better. Even Obama doesn’t think things are getting better. He’s just a liar.

“You can not find a single person that expected a recovery this bad”

I most certainly can. Paul Krugman, Robert Reich and Ben Bernanke, to name just a few of the many who predicted the less than $800 million stimulus was way too small to compensate for a greater than 5 trillion dollar hit to the wealth of the nation–and after it ran out we would be looking at extended high unemployment and a possible double dip recession. You really should venture forth from right-wing circles occasionally if you want to post anything unbiased.

In terms of elections we must remember the party platforms of Republicans and Democrats.
Republicans are for lower taxes, which benefits the people with the most money. This is why you see more Republicans in wealthy towns and states. Lower taxes have helped to create a lack of income for the delivery of services for the general public. Many wealthiest people do not care about public education and health because they can afford to by in the private school and private health markets.
Democrats represent the majority of the people as you read on, people who do not make the most money. Unfortunately these people do not vote, yet they are often the ones who benefit the most from the Democratic platform of universal delivery of strong social service and educational systems for everyone.
Government in generally is top heavy and over compensated because the people who work there are represented by unions that are most interested in getting the best compensation for the employee, not the best value of service delivery for the taxpayer.
Government needs to be by the people for the people, not by the employees of the government for the benefit of the employees and also some trickle down benefits to the taxpayers. Public employees should be graded for the efficiency and actual work produced, just like in the private sector. Government jobs should be an honor as the person has dedicated them selves to civil service, not self-interest
The big global corporations have greatly benefited by exploiting third world labor pools over the last several decades, but middle class American workers have increasingly found things to be very tough.
Here are the July 2010 statistics to prove it:
• 83 percent of all U.S. stocks are in the hands of 1 percent of the people.
• 61 percent of Americans “always or usually” live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
• 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
• 36 percent of Americans say that they don’t contribute anything to retirement savings.
• A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
• 24 percent of American workers say that they have postponed their planned retirement age in the past year.
• Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
• Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
• For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
• In 1950, the ratio of the average executive’s paycheck to the average worker’s paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
• As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
• The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
• Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
• In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector.
• The top 1 percent of U.S. households own nearly twice as much of America’s corporate wealth as they did just 15 years ago.
• In America today, the average time needed to find a job has risen to a record 35.2 weeks.
• More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying.
• or the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
• This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour.
• Approximately 21 percent of all children in the United States are living below the poverty line in 2010 – the highest rate in 20 years.
• Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.
• The top 10 percent of Americans now earn around 50 percent of our national income.

Oh, just leave our President alone, willya? It gives him something to occupy his time.l…you know, telling the Europeans what thay have to do to save their economies (chortle..chortle) and demand that they pass his jobs bill……….(psst…tell him the Europeans can’t vote on it….don’t think he knows that)……..someday this administration will be a great movie.;;;well, anyway…it’ll be a movie.

“None of them know how an assembly line runs, how their engineering department works and most can’t even read a spread sheet.” – tmferretti

You’re talking about lawyers right Timbo?