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.
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.
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.
In his big economics speech in Osawatomie, Kan., Tuesday, President Barack Obama asserted, "This is a make-or-break moment for the middle class."
"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
Michael Pettis at China Financial Markets asks the question "Will Greece unravel by Christmas?"
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