MIDDLE CLASS SHRIVEL–Courtesy of Obama’s Policies

Written by William Pauwels on September 2, 2014

A recent Pew research survey says there is a huge drop in those who consider themselves “middle-class” Americans.

In 2008, over 70% considered themselves “middle-class.” Today, only 50% Put themselves in that category.

According to the United States conference of mayors, post-recession job pay in America is 23% less than jobs lost during the recession.

Add to that the increase in the price of commodities – food, fuel, services, entertainment, transportation and taxes keep going up while the median income has declined – and you can see why most Americans feel we are still in a recession.

Nearly 80% of more than 2100 people who responded to an online poll admitted that their personal finances keep them awake at night.

Former Hewlett-Packard chairman & CEO Carly Fiorina has discussed why President Obama’s recent comments on CEOs are misguided. Fiorina agrees Obama’s polices are actually hurting the middle class.

Clearly, the president’s handout society has failed. Paying people not to work has produced more non-workers and a declining median income. Obama’s Fabian-Socialistic, Progressive Ideology is crowding out the free market, Capitalistic system that made America the economic wonder of the world.

Accordingly, many Democrats are shifting policy to supporting oil and natural gas drilling. Some are distancing themselves from President Obama’s energy policies. Even Hillary Clinton is distancing herself from Obama, apparently in anticipation of a presidential run.

Still, too many Democrat politicians are determined to otherwise perpetuate this non-worker ideology, which appeals to lazy, unproductive, idle and altruistic voters.

Elections should be more than popularity contests. Economic leadership is drastically needed. Enough of Obama’s schoolboy stuff.  It’s time to return to the traditional American Way–the American Prosperity Machine.

Middle class American voters better get this and wake up!–-if they hope to restore American prosperity and the growth of the small business sector.

Image: http://mises.ca/posts/articles/measuring-unemployment/


William Pauwels
William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.