Archive

Posts Tagged ‘middle class’
August 9th, 2018 at 12:09 pm
Image of the Day: Wrong, Socialist – the Upper Middle Class Has Grown, Not Disappeared
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Courtesy of James Pethokoukis at the American Enterprise Institute, a splendid visual refutation of budding socialist superstar Alexandria Ocasio-Cortez, the Democratic candidate for Congress in New York, who recently and bizarrely said that the “upper middle class doesn’t exist anymore in America.”  Well:

Sorry, Ms. Ocasio-Cortez:  Upper Middle Class Growing, Not Shrinking

Sorry, Ms. Ocasio-Cortez: Upper Middle Class Growing, Not Shrinking

February 1st, 2018 at 12:38 pm
Image of the Day: Good News on Middle-Class Shrinkage
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We often hear lamentations regarding the shrinking U.S. middle class, and toxic prescriptions from people like Senator Bernie Sanders on how to “save” it.  Courtesy of American Enterprise Institute, using U.S. Census data, that shrinkage has actually been a largely positive thing:

Middle Class Moves Up

Middle Class Moves Up

It’s another testament to how America remains the Land of Opportunity, and that Ronald Reagan’s famed optimism remains applicable today.

August 29th, 2016 at 2:06 pm
Stiffed: Middle Class Carrying Increasing Share of U.S. Healthcare Burden
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Barack Obama’s solemn assurances regarding ObamaCare, including “If you like your  doctor, you can keep your doctor,” have been exposed as fraudulent.  That’s a main reason why his main “legacy” has remained terribly unpopular since its inception.

Now, another alarming factor has been added to the miserable litany:  Middle-class Americans have had the cost of it all increasingly heaped upon them.  Since 2000, U.S. healthcare spending has jumped from 13.3% of our economy to 18.2% this year.  The news gets worse for the middle class:

The government has taken on a larger share in recent years as more people age into Medicare, and the Affordable Care Act [ObamaCare] expanded Medicaid and provided subsidies for low-income people buying insurance on state exchanges.  Middle-class households are finding more of their health-care costs are coming out of their own pockets.  David Cutler, a Harvard health-care economist, said this may be ‘a story of three Americas.’  One group, the rich, can afford health care easily.  The poor can access public assistance.  But for lower middle- to middle-income Americans, ‘the income struggles and the health-care struggles together are a really potent issue,’ he said.”  (emphasis added)

Overall, middle-income Americans’ healthcare spending is 25% higher than what it was in 2007.  That means far less income to spend on other discretionary items, whether eating out, vacationing, clothing, automobiles, etc., and provides another clue as to what has made Obama’s tenure the worst stretch of economic growth in recorded U.S. history.

Heckuva job, Barack.

March 10th, 2014 at 4:33 pm
California Lawmakers Agree to Raise Gas Prices 40 Cents-Per-Gallon

With California’s tax policy, the only certainty is that consumers will lose money.

The latest example is the growing fight over whether to include fuel distributors in the Golden State’s controversial global warming regulatory scheme. Doing so would subject them to the same cap-and-trade system applied to industrial facilities, and could add between 12 – 40 cents-per-gallon to fuel purchases within the next year. The leading alternative would opt for a flat 15 cent-per-gallon carbon tax, which grows to 40 cents by 2029.

In short, California lawmakers have agreed that gas should cost an additional 40 cents-per-gallon. They’re just torn over how long to wait before imposing it on taxpayers.

This is what passes for deliberation in a state dominated by tax-and-spend liberals.

No wonder the middle class is fleeing in droves.

October 4th, 2012 at 2:42 pm
Ramirez Cartoon: Buried Under Obamanomics
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Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez.

View more of Michael Ramirez’s cartoons on CFIF’s website here.

July 19th, 2010 at 2:21 pm
More Wisdom from Across the Pond
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As CFIF’s own Ashton Ellis chronicled last week, we’re living in an era where developments in British politics hold many salient lessons for those of us slogging it out in the new world.

But whereas Brother Ellis found inspiration for the Tea Party Movement in the Cameron-Clegg coalition, the UK Telegraph’s Janet Daley sees a more insidious trend heading stateside: the unity of liberalism with class snobbery. In a few brilliant passages:

What is [startling] is the growth in America of precisely the sort of political alignment which we have known for many years in Britain: an electoral alliance of the educated, self-consciously (or self-deceivingly, depending on your point of view) “enlightened” class with the poor and deprived.

America, in other words, has discovered bourgeois guilt. A country without a hereditary nobility has embraced noblesse oblige. Now, there is nothing inherently strange or perverse about people who lead successful, secure lives feeling a sense of responsibility toward those who are disadvantaged. What is peculiar in American terms is that this sentiment is taking on precisely the pseudo-aristocratic tone of disdain for the aspiring, struggling middle class that is such a familiar part of the British scene.

Liberal politics is now – over there as much as here – a form of social snobbery. To express concern about mass immigration, or reservations about the Obama healthcare plan, is unacceptable in bien-pensant circles because this is simply not the way educated people are supposed to think. It follows that those who do think (and talk) this way are small-minded bigots, rednecks, oiks, or whatever your local code word is for “not the right sort”.

Ms. Daley’s analysis is as accurate as it is insightful. Among the many lessons Barack Obama has failed to take from Bill Clinton, this may be among the most politically relevant: alienate the middle class, scoff at its sensibilities, and kiss your mandate goodbye. And that’s what will happen if the Democrats don’t manage to break free of the grip of the Berkeley-Cambridge wing of their party.

April 15th, 2010 at 3:23 pm
Obama’s “No New Taxes” Lie: By the Numbers…

Remember when both Candidate Obama and President Obama promised (on more than one occasion) that no family making less than $250,000 per year would see any of their taxes increase – not “one single dime?”

Well, that promise held true for a little while… yeah… for about the political equivalent of five minutes.

Indeed, according to House Way & Means Committee Ranking Member Dave Camp (R-MI):

Since January of 2009, President Obama and Congressional Democrats have enacted into law gross tax increases totaling more than $670 billion, or more than $2,100 for every man, woman and child in the United States.  The list of tax increases includes at least 14 violations of the President’s pledge not to raise taxes on Americans earning less than $200,000 for singles and $250,000 for married couples.” [emphasis added]

Rep. Camp has compiled all the tax increases in a nice and easy to read chart.  Check it out here.  It will come in handy the next time your liberal neighbor suggests that President Obama is actually working to reduce taxes on middle class families.