The middle class , for the most part, no longer gets interest, dividends and capital gains. Many people in the middle class, if they have any cash are getting 1% interest. Most in the middle class, including myself, no longer have dividend income because we no longer have dividend producing funds------everything is going into living and trying to stay alive. The 1%ers are the ones who get dividend income.
Every time food, gas and medical costs go up, and income stays the same, the money has to come from SOMEWHERE--------for us it has eaten up our savings. The only money we spend is on necessities like food, gas, the mortgage and household bills, not to mention medical care.
Now to capital gains------------on what Mr. Romney? Interest, dividends and capital gains are 1% issues-----NOT middle class issues.
OMG---------this man is so out of touch with the people in this country. Who IS this man?
Romney said to David Gregory on MTP this am, "I am not concerned for myself, I am fine, I am worried about Americans." Poor ole Romney, does not get even the basics.
Oh really??????? Snake oil politics, slick and slimy, making economic medicinal claims without any economic medicinal cures--------Republican snake oil salesman = Romney & Ryan.
Romney can't create a positive image for himself because he does not KNOW who he is.
ReplyDeleteThere is no there, there.
BHO and the Bernanke created you problems Carol. The amount of money added to the money supply has created inflation and the low, low, interest rate is now required as we have a 16 Trillion debt to pay. Imagine adding 1% to the interest rate, that's another 160 billion in interest. We are borrowing over a trillion every year since the Barack took office, Think we can afford another 5 trillion in the next 4 if he's re-elected? I think not. Do the math, 21 trillion times 3% interest.
DeleteGuess we can do the Barack thing and just borrow it.
And how has BHO helped your situation? Just because the democrats say they support the middle class doesn't mean that they actually do anything differently than the republicans. Both parties are highly dependent on government spending to appeal to their large donors. Their large donors help to create the propaganda that keeps us from looking at the truth.
ReplyDeleteAmericans out of work KNOW the truth--------It's like "here's your bitter pill, one is Republican and one is Democrat, but YOU get to choose." The Republican cure is to just stop all services, no matter how vital and cut taxes at the same time. The Democrats want to KEEP the services but borrow to pay for them. Democrats, at least, propose ways to fund certain services (ACA paid for by the individual mandate). Either way its a bitter pill for the American people.
ReplyDeleteThe Bush legacy left us with a fatal disease and the cure is for Congress to take more leave when they are needed the most to get us back on track.