During last week's presidential debate, Mitt Romney repeatedly promised to "lower taxes on middle-income families" without reducing "the share paid by high-income individuals." But this combination will prove difficult, if not impossible, for the Republican candidate to deliver given the other elements of his tax reform plan -- especially his illogical definition of "middle-income families."
The worst gaffe a politician can make, it's been said, is not the mistakes he makes on the campaign trail but when he tells the truth. The vice president of the United States, who's a kind of genius at embarrassing himself, did it again the other day when, almost in passing, he mentioned the hallmark of this president's stewardship of the American economy, "the middle class that has been buried these past four years."
Obama made his no-new-taxes pledge over and over again four years ago as he campaigned. Not only has he repeatedly and blatantly violated it, but his policies have relentlessly assaulted poor and middle-income family budgets.
President Obama's entire campaign strategy is based on an age-old political trick that he can overcome his weakness on the economy by changing the subject.
Yet again, the President's policies violate his repeated promise to not raise taxes of any kind on individuals earning less than $200,000 per year or couples below $250,000.
Maybe Democrats have some slick salesmen, like Bill Clinton and our current president, who can sell you swampland and have you convinced that you’ve bought choice beachfront property.
Due to ZIRP (zero interest rate policy), seniors, retirees, and pretty much any recipient of fixed income were forced to take risks never before contemplated.
Bloomberg Television breaks down the numbers.
A question for the rich: if President Obama successfully breaks the backs of the working middle class, is that really good for you?
President Barack Obama last week visited Palm Beach Gardens, Fla. -- a small city of 15 golf courses -- so he could preach to some of his humble campaign contributors his vision of American frugality.
European politicians have learned that there’s a limit to the amount of revenue that can be obtained by taxing the rich. In part, this is because there aren’t enough rich people to finance a bloated public sector.
Rising inequality "is the defining issue of our time," said President Obama in his Osawatomie speech that echoed the "New Nationalism" address Theodore Roosevelt delivered in that same Kansas town a century ago.
The nation's vice campaigner in chief went on the attack against Republicans this week, clad in full populist armor. "These guys don't have a sense of the average folks out there," said The Everyman.
Nearly every national political campaign emphasizes the importance of connecting with the middle class. So how come in the 2012 presidential race, none of the candidates are able to make that connection?
Here’s free advice for Mitt Romney. Before bringing up the poor again, read my book “Uncle Sam’s Plantation.”
In 1992, Arkansas Gov. Bill Clinton built his campaign for the White House on doing more for the "forgotten middle class."
As President Obama ramps-up his re-election bid, we’re hearing more than ever before about all the things he wants to give to our “children and grandchildren,” and the “middle class.”
Because this distorted system leads to ever-higher costs, the increase in total compensation for lower-income and middle-income people does not translate into an increase in their living standards. Ordinary people feel like they’re on a treadmill.
After turning himself into a veritable caricature of the 1 percent he derides at every opportunity, President Obama has suddenly discovered his true calling: champion of the middle class.
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