They were the cornerstone of his 2008 election, independent voters who wanted "change" they could believe in. But of independent voters, according to a new ABC News/Washington Post poll, only 38 percent have a favorable view of President Obama's economic plans. A strong majority of 54 percent disapproves of Obama's handling of the economy.
This is interesting in light of an email I received from a highly successful former officer in a well known publicly held company that was sold several years ago. He is a friend and a great guy ... with a lot of money, who explained, from a previous column I had written, that I was a better political pundit than economist. He proceeded to quote all of the statistics that showed that businesses (large businesses, of course) were having their best year in ages -- everything was fantastic.
And I have no doubt that to be the case ... but not for the "private sector" or the "average American" nor just about anyone in the day-to-day working world. It's time to make clear that there is a huge difference between a family or individual making $250,000, but likely paying for a mortgage, university tuition, health insurance and increased deductibles, huge taxes on a residence, federal taxes, in many cases state taxes, plus local sales and local option sales taxes, and a guy who pockets millions of dollars and sees the world through special and fortunate rose-colored glasses.
The bottom line is that we, the real Americans who try to create a job or two, are suffering and are about ready to give up. Perhaps that's why the average Joe doesn't give a hoot about the quarterly profit of the largest of businesses.
Just consider the following. This allegedly rich family or person earning $250,000 a year likely has a small business that he or she owns, or works for a company whose salary allows the individual to give, on many cases, half of that income up before a dime goes to anything but government-related entities. To Barack Obama, that is a person who needs to give his or her "fair share."
But that individual feels more like he or she is on the ledge, stressed out, scrambling for business or income, a target. This person is no Warren Buffet ... this is a wannabe Jimmy Buffet who wants to escape with a shirt, some shorts, and something sunny and something positive to look forward to -- but can't. Thank you, Mr. President.