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.”
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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.
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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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Has Barack Obama's Democratic Party given up on winning the votes of the white working class? Thomas Edsall, the longtime Washington Post reporter now with The Huffington Post, thinks so.
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Someday, when today's adults are old and gray, their grandchildren will sit down and ask, "What did you do in the class war?" You may not have noticed, but it seems we are in the midst of one.
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In his big economics speech in Osawatomie, Kan., Tuesday, President Barack Obama asserted, "This is a make-or-break moment for the middle class."
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"Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence."
--John Adams
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At the Heritage Foundation last week, House Budget Committee Chairman Paul Ryan
demonstrated why he doesn't need to be running for President to be framing the debate for 2012.
He delivered there on October 26 a breathtakingly beautiful speech on Saving the American
Idea, which defines the Spirit of 2012.
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