Real Change Starts On Day One: A Stronger Middle Class “For four years, President Obama’s failed economic policies have crushed the middle class – leaving families with stagnant unemployment and declining incomes. Mitt Romney will deliver real change by..
PoliticalNews.me - Nov 06,2012 - Real Change Starts On Day One: A Stronger Middle Class
“For four years, President Obama’s failed economic policies have crushed the middle class – leaving families with stagnant unemployment and declining incomes. And another four years of Barack Obama would deliver more of the same, with higher taxes and over 700,000 fewer jobs. Beginning on day one, Mitt Romney will deliver real change by cutting taxes for middle-class families and by creating millions of good-paying jobs for American workers.” – Andrea Saul, Romney Campaign Spokesperson
For The Last Four Years, Middle-Class Families Have Been Crushed With Declining Incomes, Record Poverty, And Lower Wages:
Americans Are Struggling With “A Shrinking Middle Class.” “The findings highlight concerns about a shrinking middle class and pose another obstacle to getting the economy back on track, said Annette Bernhardt, policy co-director at the National Employment Law Project, which conducted the study.” (Jim Puzzanghera, “Majority Of New Jobs In Recovery Are Low-Paying, Study Finds,” Los Angeles Times, 8/31/12)
Since President Obama Took Office, Median Household Incomes Have Declined By Over $4,000. (“Household Income Trends Series: September 2012,” Sentier Research, 10/24/12)
· “Almost Every Group Is Worse Off Than It Was Three Years Ago, And Some Groups Had Very Large Declines In Income.” “‘Almost every group is worse off than it was three years ago, and some groups had very large declines in income,’ Green, who previously directed work on the Census Bureau’s income and poverty statistics program, said in a phone interview today. ‘We’re in an unprecedented period of economic stagnation.’” (Jeff Kearn, “U.S. Incomes Fell More In Recovery, Sentier Says,” Bloomberg, 8/23/12)
Lower-Paying Jobs Account For Nearly 60% Of The Jobs Added Since The Recession Ended In 2009. “Lower-paying jobs, with median hourly wages from $7.69 to $13.83, accounted for just 21% of the job losses during the recession. But they've made up about 58% of the job growth from the end of the recession in late 2009 through early 2012.” (Jim Puzzanghera, “Majority Of New Jobs In Recovery Are Low-Paying, Study Finds,” Los Angeles Times, 8/31/12)
“The Gap Between Rich And Poor Americans Grew In 2011 As The Poverty Rate Remained At Almost A Two-Decade High.” “The gap between rich and poor Americans grew in 2011 as the poverty rate remained at almost a two-decade high. The U.S. Census Bureau released figures today that showed household income fell, underscoring a sputtering economic recovery that’s at the heart of the presidential campaign.” (Catherine Dodge and Frank Bass, “Rich-Poor Gap Widens To Most Since 1967 As Income Falls,” Bloomberg, 9/12/12)
Pew Research: “The Middle Class Has Shrunk In Size, Fallen Backward In Income And Wealth…” “Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some—but by no means all—of its characteristic faith in the future.” (“The Lost Decade Of The Middle Class,” Pew Research, 8/22/12)
Vice President Biden, On The Middle Class In The Obama Economy: “A Middle Class That Has Been Buried The Last Four Years…” BIDEN:
