The Phaserl


Obama’s War On The Middle Class

by Mark Hendrickson,

How many times have you heard President Obama express concern for the middle class? More than you can count. Even his website begins “Learn more about Barack Obama and why he’s fighting for the middle class.”

But if we look at Obama’s actual record rather than his rhetoric, it is plain that the middle class has been one of the leading victims of his presidency.

The decline in median family and median net worth that began during George W. Bush’s presidency has continued under Obama. Citing recent Census Bureau data, the Pew Research Center published data showing that the only one of nine income levels whose net worth increased in the 2009-2011 period was the highest-earning cohort—those earning over $500,000 per year.

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