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Obama Fails to Stem Middle-Class Slide He Blamed on Bush...  

By: Decomposed in FFFT | Recommend this post (1)
Tue, 01 May 12 11:35 PM | 66 view(s)
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But for the fact that I'm mentioning it here, I know full well that you folks would come right back with "But he tried! He tried! And Congress would not work with him!"

Okay. Even granting you that point, I would say that America needs a President who CAN work with Congress. This is a serious problem, and it needs to be reversed. I would think that some of you (excluding OCU, of course, who we know to be filthy rich) aspire to be middle-class one day. You should agree with me on this. 


o 95% of net jobs lost during recession were middle-skilled jobs

o 3.2 million fewer Americans held office & sales jobs than 5 years before

o 1.2 million fewer jobs in transportation than 5 years before
 


Obama Fails to Stem Middle-Class Slide He Blamed on Bush

By Mike Dorning - Apr 30, 2012 8:30 PM ET
Bloomberg.com


Barack Obummer campaigned four years ago assailing President George W. Bush for wage losses suffered by the middle class. More than three years into Obama’s own presidency, those declines have only deepened.

The rebound from the worst recession since the 1930s has generated relatively few of the moderately skilled jobs that once supported the middle class, tightening the financial squeeze on many Americans, even those who are employed.

It started long before Obama, but he hasn’t done anything,” said John Forsyth, 58, a railroad-car inspector and political independent from Lebanon, Ohio. “He kept pushing this change, change, change, and he hasn’t done anything.”

Underlying the erosion of the middle class, defined by some economists as the middle 60 percent of income earners, are trends that stretch back decades, including competition from lower-wage workers overseas and technological advances that allow factories and offices to produce more with less labor.

More: http://www.bloomberg.com/news/2012-05-01/obama-fails-to-stem-middle-class-slide-he-blamed-on-bush.html




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