1/5 of the Middle Class Disappeared Under Obama

Suburban-Poverty-2013

The middle class doesn’t own a lot of banks, solar power panel manufacturers or sensitivity training centers so they haven’t done too well under Obama Inc.

A sense of belonging to the middle class occupies a cherished place in America. It conjures images of self-sufficient people with stable jobs and pleasant homes working toward prosperity.

Since 2008, the number of people who call themselves middle class has fallen by nearly a fifth, according to a survey in January by the Pew Research Center, from 53 percent to 44 percent. Forty percent now identify as either lower-middle or lower class compared with just 25 percent in February 2008.

According to Gallup, the percentage of Americans who say they’re middle or upper-middle class fell 8 points between 2008 and 2012, to 55 percent.

Obama’s mentor did campaign against middleclassness. His pupil is just making sure that Americans don’t think of themselves as middle class.

TUCC promotes a “Black Value System” that encourages African Americans to patronize black-only businesses, support black leaders, and avoid becoming “entrapped” by the pursuit of a “black middle-classness”

Looks like the plan is working well. Especially in the black community.

  • Libslayer

    When the middle class disappears completely, obama’s fundamental transformation will be complete.
    He must be stopped.
    He will destroy America if he can.

  • Chris Gait

    In other news, the Democrats have no class at all.

  • CowboyUp

    An most often overlooked factor is that the dp raised taxes on the middle class (after pointedly promising not to do so), with their un-ACA tax. We either pay it indirectly with the mandated increase in the cost of coverage, or pay the tax directly. Either way, it’s undeniably a big tax increase because that’s what they argued and prevailed on to the Supreme Court.

  • stopthelies

    show statistcs. what about 50 percent of that 1/5 who consider themselves rich now.