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Obama’s Vision Is Destroying The Middle Class

RNC Communications - December 15, 2011

New Report From Census Bureau Highlights Vanishing Middle Class As 1 In 2 Americans Struggle Through Obamanomics

97.3 Million Americans Now Qualify As Low-Income And Another 49.1 Million Are In Poverty: 48 Percent Of The Population. “About 97.3 million Americans fall into a low-income category, commonly defined as those earning between 100 and 199 percent of the poverty level, based on a new supplemental measure by the Census Bureau that is designed to provide a fuller picture of poverty. Together with the 49.1 million who fall below the poverty line and are counted as poor, they number 146.4 million, or 48 percent of the U.S. population. That's up by 4 million from 2009, the earliest numbers for the newly developed poverty measure.” (Hope Yen, “Census Shows 1 In 2 People Are Poor Or Low-Income,” The Associated Press, 12/15/11)

  • The Middle Class Is Shrinking And Millions Of Families Are Hurting. “The latest census data depict a middle class that's shrinking as unemployment stays high and the government's safety net frays. The new numbers follow years of stagnating wages for the middle class that have hurt millions of workers and families.” (Hope Yen, “Census Shows 1 In 2 People Are Poor Or Low-Income,” The Associated Press, 12/15/11)

“Many Middle-Class Americans Are Dropping Below The Low-Income Threshold - Roughly $45,000 For A Family Of Four.” “Mayors in 29 cities say more than 1 in 4 people needing emergency food assistance did not receive it. Many middle-class Americans are dropping below the low-income threshold - roughly $45,000 for a family of four - because of pay cuts, a forced reduction of work hours or a spouse losing a job. Housing and child-care costs are consuming up to half of a family's income.” (Hope Yen, “Census Shows 1 In 2 People Are Poor Or Low-Income,” The Associated Press, 12/15/11)

Low Income Working Class Families Have Increased For Three Straight Years To 10.2 Million, 31.2 Percent. “Even by traditional measures, many working families are hurting. Following the recession that began in late 2007, the share of working families who are low income has risen for three straight years to 31.2 percent, or 10.2 million. That proportion is the highest in at least a decade, up from 27 percent in 2002, according to a new analysis by the Working Poor Families Project and the Population Reference Bureau, a nonprofit research group based in Washington.” (Hope Yen, “Census Shows 1 In 2 People Are Poor Or Low-Income,” The Associated Press, 12/15/11)

  • “Paychecks For Low-Income Families Are Shrinking.” “Paychecks for low-income families are shrinking. The inflation-adjusted average earnings for the bottom 20 percent of families have fallen from $16,788 in 1979 to just under $15,000, and earnings for the next 20 percent have remained flat at $37,000.” (Hope Yen, “Census Shows 1 In 2 People Are Poor Or Low-Income,” The Associated Press, 12/15/11)
  • Sheldon Danziger, University Of Michigan Professor: “The Reality Is That Prospects For The Poor And The Near Poor Are Dismal.” “‘The reality is that prospects for the poor and the near poor are dismal,’ he said. ‘If Congress and the states make further cuts, we can expect the number of poor and low-income families to rise for the next several years.’” (Hope Yen, “Census Shows 1 In 2 People Are Poor Or Low-Income,” The Associated Press, 12/15/11)

Despite Obama’s Failed Economic Record That Has Left Millions Struggling, He Insists His Job Is Not To Find Solutions to These Problems But “To Put Forward A Vision”

When Asked If It Is His Job To Put Forward Solutions To These Problems, Obama Says It Is His Job To “Put Forward A Vision.” CBS’ STEVE KROFT: “Isn't it your job as President to find solutions to these problems, to get results, to figure out a way to get it done?” PRESIDENT OBAMA: “It is my job to put forward a vision of the country that benefits the vast majority of Americans.” (CBS’ “60 Minutes,” 12/11/11)

The Washington Post’s Fact Checker Said “Obama Is On Track To Have The Worst Jobs Record Of Any President In The Modern Era.” “Unless the economy turns around in the next 18 months, Obama is on track to have the worst jobs record of any president in the modern era. That would be an accurate statement.” (Glenn Kessler, “Rick Perry’s Claim That Obama Has ‘Killed More Jobs’ Than Any Other President,” The Washington Post’s “The Fact Checker”, 8/22/11)

Since President Obama Took Office The Nation Has Lost 1.9 Million Jobs And The Unemployment Rate Has Increased From 7.8 Percent To 8.6 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11)

  • Including 1.3 Private Sector Jobs, 1.03 Million Construction Jobs, And 795,000 Manufacturing Jobs. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11)

“Since The Recession Ended, Job Growth Has Been Even More Anemic Under Obama—Just 40,500 Jobs A Month.” “Obama’s claim of the ‘slowest job growth,’ in fact, includes the loss of jobs under his administration. The White House provided as evidence a report on a New York Times blog that was based on Gross Domestic Product data through 2010, or the first two years of Obama’s administration. The White House also cited a Center on American Progress report on job growth through 2007, which showed monthly job growth of 68,000 jobs during the Bush business cycle. But, since the recession ended, job growth has been even more anemic under Obama—just 40,500 jobs a month, according to the Bureau of Labor Statistics.” (Glenn Kessler, “Obama’s Kansas Speech: Some Suspect Facts,” The Washington Post’s “The Fact Checker,” 12/6/11)

There Are Currently 13,303,000 Million Unemployed Workers. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11)

  • There Are Currently 8.5 Million Workers Working Part-Time For Economic Reasons. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11)

A Record 46.3 Million Americans, 15 Percent Of The Population, Depend On Food Stamps. “Food stamp rolls have risen 7.8% in the past year, the Department of Agriculture reported, though the pace of growth has slowed from the depths of the recession. The number of recipients in the food stamp program, formally known as the Supplemental Nutrition Assistance Program (SNAP), rose to 46.3 million, or 15% of the population …” (Phil Izzo, “Food Stamp Use On The Rise,” The Wall Street Journal, 12/6/11)

Obama Said That The Stimulus Would Lift Two Million Americans Out Of Poverty

WHAT WE WERE TOLD: President Obama Said That The Stimulus Bill Would Lift Two Million Americans Out Of Poverty. OBAMA: “And it's a plan that rewards responsibility, lifting 2 million Americans from poverty by ensuring that anyone who works hard does not have to raise a child below the poverty line. So as a whole, this plan will help poor and working Americans pull themselves into the middle class in a way we haven't seen in nearly 50 years.” (President Barack Obama, Remarks At The Signing Of The American Recovery And Reinvestment Act, Denver, CO, 2/17/09)

WHAT HAPPENED: Since President Obama Took Office, 6.3 Million Americans Have Fallen Into Poverty. (Press Release, “Income, Poverty And Health Insurance Coverage In The United States: 2010,” U.S. Census Bureau, 9/13/11)

  • In 2010, The Number Of Americans Living In Poverty (46.2 Million) Reached The Highest Level On Record. (Press Release, “Income, Poverty And Health Insurance Coverage In The United States: 2010,” U.S. Census Bureau, 9/13/11)

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