President Obama is now doing poorly among middle-class voters, although he continues to do well among those voters who help comprise the underclass. Here is a bit from a recent article on the subject: "Earlier this week, Gallup released a summary of its polling results for mid-May onward which pegged the presidential race as a 46-46 dead heat. The numbers beneath the numbers showed that Mitt Romney holds roughly a 4-point lead among middle income voters, a 4-point lead among the upper middle income voters ($90,000-$179,999) and an 11-point lead among those with incomes exceeding $180,000. Middle and upper-income America is beginning to wave goodbye to the president. His appeal to middle-class voters is falling flat. "Among white voters, the numbers are even starker. The president is trailing by 19 points among middle-income whites and is down by 14 points among higher income whites. The world has changed since 2008. Then, Obama tied among voters with incomes above $100,000 and actually won those making over $200,000." And here is the link: Why Obama's coalition is unraveling | Fox News
His appeal seems to be with the very rich and the very poor. Since he's been taught his whole life to have contempt for bourgeois values I guess that's understandable.
He talks and talks about balancing the budget after his huge social spending increases by taxing the Rich, but anyone smart enough to balance a check book can go to the U.S. Census website and get the breakdown of income verses population and run the numbers. As I was self-teaching myself C# programing language I wrote a demonstration class which allows you to play with the tax rates and try to balance the budget. Here are the comments from the program: class TaxationChart { // ================================================================= // ========== Attributes int i; protected float fTotalAvailible; protected float fTotalCollected; protected float fTotalEarners; protected float fTotalGovt; protected float fTotalPrivate; protected float fMedianIncome; const int NUMBRACKETS = 22; protected float[] fIncome = new float[NUMBRACKETS]; protected float[] fEarners = new float[NUMBRACKETS]; protected float[] fAvailable = new float[NUMBRACKETS]; protected float[] fTaxRate = new float[NUMBRACKETS]; protected float[] fCollected = new float[NUMBRACKETS]; protected float[] fKept = new float[NUMBRACKETS]; protected float[] fPopPerCent = new float[NUMBRACKETS]; protected float[] fWealthPerCent = new float[NUMBRACKETS]; protected float[] fTaxPerCent = new float[NUMBRACKETS]; // ============================================================================== // ========== Constructors public TaxationChart() { /* Bracket $Income #Earners 00 5000 12959560 01 10000 12220335 02 15000 12444512 03 20000 11400228 04 25000 10033887 05 30000 8662392 06 35000 7679458 07 40000 6692189 08 45000 5828859 09 50000 4967553 10 55000 4547861 11 60000 4118100 12 75000 10028933 13 100000 11463725 14 200000 13522048 15 500000 3195039 16 1000000 492568 17 1500000 108096 18 2000000 44273 19 5000000 61918 20 10000000 14322 21 20000000+ 8274 */ Too make a long, boring programers explaination short, You have to tax the crap outta the middle class ($30k-100K / year) to keep up the current ludicris levels of spending. If you tax 85% away from everyone who makes over $100K a year, it isn't enough. So, the Middle is going to have to pay allot more for Obama's gifts to the poor and bailouts for the Rich. It is no surprize to me the middle class is learning to hate the budget-lying slease.
yet republicans still think we can afford to get the extra super-sized ax cuts to the rich? they don't need them and we can afford to give them to them .
You could Tax 100% of the yearly income along with 100% of the property held by anyone with more than $100K and get a sizable chunk of money, enough to pay for the current federal budge for about a year and a half.... AND THEN WHAT? You can't take EVERYTHING again! You've driven off or destroyed the a large portion of the yearly producer tax base! You could do the same thing to the middle class, with the same exact results! We do not have a Taxation Problem. We have a SPENDING Problem!
In a Word: YES! Look at the current federal budget crisis as if it were your own Home personal finances. You're combined family income after taxes was $3200 after taxes. Along comes the economic down turn, you loose your job and your income is cut in half to just $1600 / month. You file for unemployement, but you're told as a "Dirty White Male", you don't "Qualify". Your base level monthly bills are $2200 a month, with a few nice-to-haves like cable TV which bring your total up to $2600 a month. So, you've got a $1000/month deficit. Now eventually, you'll find another job (it turns out, in magic ball hindsight, to take 8 months, but you don't know that now), and you've a few thousand in savings, but that'll be gone in a few months. So, what do you do in the mean time? Well, That's EXACTLY the kind of situation the Federal Budget is in.... What did Obama do? He went out and purchased a brand new smart phone on contract, a new car on a four year lease, and a time share in Hawaii for the low, low price of just $450 /month, a deal too good to pass up! The total increase, just $1600 / month. Combined with our current budget prior to the down turn, we're now burning $3800 / month, giving a $2200 a month deficit. I guess those savings won't go so far. Luckily, we have a money printing press, so we'll just print all that extra cash we need, no harm done!
you could give everyone a 100% tax cut too, still would not be able to pay for two 10 year wars two ten tear wars, the Bush deregulation and mostly the foreign outsourcing has got us to where we are today yes, inflation will happen after we are well on our way to recovery, it's the only way of ever paying off what we owe is possible next time we think of starting two 10 year wars... think of the cost in lives and $$$ next time we give tax credits to a corp outsourcing jobs overseas... think of the cost next time we think of not investing in America... think of the cost next time we give huge tax cuts to the rich... think of the cost ...
LOL, you're so absolutely sure that your idealeology is flawless, that you missed the point of the example comletely. Or you're just knowingly spouting deceptive rhetoric. It does not matter what we're spending the money on, Wars, Welfare Handouts to deadbeat, Green Energy Fraud, it does not matter. The scale of spending relative to the size of the American Economy was TOO HIGH even before the economic down turn, after the reduction in economic activity, and the taxes generated by that base, it was even MORE out of balance. Add on top of that deficit a huge new bunch of "Stimulus" Spending, and the country is headed for a fiscal train wreck of epic porportions. We Can't increase Tax our way out of this mess. Will taxes need to go up a bit, yes, but an increase of more than 10% of their current levels will only result in even bigger reductions in tax revenue and much more suppressed consumer confidence. The only possible way we can fix this problem is by slashing spending, particularly social program spending by HUGE amounts. 60-70% cuts might be enough to save the county. No, military cuts, beyond those already in the pipeline are not a good idea, particularly because we still have troops in the field within harms way. It will cost a fair amount just to bring our troops and their equipment home again. Additionally, money spent on our soldiers, unlike money spent on Green Energy electric sports car or chinese solar cell / wind turbine boondogles, the money spent on our soldiers ends up in the U.S. rather than the Netherlands or China. Additionally, go look at the Pie Charts for the U.S. Federal outlays. Defense is roughly 1/5th of the money's spent of entitilements, even with the increased spending on the wars in the middle east. You could completely eliminate ALL military spending and you'd still have un-survivable deficits. We have no choice, like Greece, Spain, and every other Socialist hell-hole, we have to cut entitlement spending by at lest 40% if we want to fiscally survive at all. To Thrive, the cuts will need to be even larger. Sorry, our Grand-Transformation to a Socialist country has failed even before it got started. Go Figure....
I'll assume you meant TAX cuts not ax cuts. "extra super-sized ax cuts to the rich." At one time I would have called this statement a myth, now I have to say it is a plain, outright, intentional LIE. There ARE no "extra super-sized ax cuts to the rich." The top bracket was reduced from 39.6% tax rate to 35% tax rate and that happened over a period of years, not all at once. When fully in force it amounts to a saving of $70 billion per year. The lower tax rates were reduced by a greater percentage and amounts to a saving of $300 billion per year. And IF they were so onerous, WHY, did obama extend AND increase, the tax cuts? Simple answer, to get votes from the gullible. His increase in the tax cuts amounts to ROBBING from future Social Security funding. something democrats constantly accuse Republicans of trying to destroy. The best way to destroy a program is to defund it. That's what b.o.'s "payroll tax holiday," is doing as we post. And the rich, business, gets zero benefit from the "payroll tax holiday." they still pay their regular rate. IF the tax cuts for the rich HAD been fully in force from 2003 to 2009 they would have saved the rich a total of $350 billion under Bush. The tax cuts DID save the less than rich, $1.8 TRILLION under Bush. And the Bush/obama tax cuts gave the lowest INCOME EARNERS, not poor people, people WITH jobs, an INCOME from taxes. The lowest income earners don't PAY income taxes, they GET PAID income taxes [EITC] The rich save $70 billion, the lowest income earners get PAID $59 billion from income taxes, in EITC alone. Also the total incomes of the rich is LESS than $2 trillion per year. TOTAL. And b.o. OVERSPENDS by an average of MORE than $1.3 trillion per year. The rich pay 87+% of the total US income taxes NOW. How much MORE is "fair?"
3.5 years later, people are discovering that "the one" hasn't done jack. Times are lousy and we need REAL leadership, not just an entertainer. [video=youtube;a4nvhAZ0vr0]http://www.youtube.com/watch?v=a4nvhAZ0vr0[/video]
