Wednesday, December 7, 2011
Living in the middle class seems to be a difficult thing to do these days. People are despiritly trying to raise themselves out of poverty and be part of the largest generation of Americans, called the Middle Class. But the middle class seems to be disappearing.
As the President said in his speech while traveling in Kansas on Tuesday, "This is a make or break moment for the middle class, and all those who are fighting to get into the middle class," Obama said. "At stake is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, and secure their retirement."
Then, he enters the theme of his speech - 'fairness. As he says, "I'm here to reaffirm my deep conviction that we are greater together than we are on our own," Obama said. "I believe that this country succeeds when everyone gets a fair shot, when everyone does their fair share, and when everyone plays by the same rules."
But that's just his point. Not everyone is playing by the rules. As an example that he stated in his speech, Some of the wealthyest individuals only pay a very modest 1% of income tax, after they secure and take advantage of all the tax loopholes they can. Republicans have, he said, refused to raise taxes on the rich. Republicans have blocked his nominee for head of the new consumer watchdog agency. And they have advocated for weak regulation and oversight.
"We simply cannot return to this brand of you're on your own economics if we're serious about rebuilding the middle class in this country," Obama said.
In the following link to his speech in Kansas, listen to President Obama speak of the stark reality. As he says, he will not support any bill to raise taxes on the middle class, and he will not support will veto any bill that only puts all of the burden of any plan on ordinary Americans, namely 'the middle class'. He goes further to say that he will veto any bill that changes benefits for those who rely on medicare and does not raise serious revenues by asking every American, including the biggest corporations to pay their fair share.
The bottom line here is that the Republicans do not think that President Obama is serious in what he is saying.They think he is a weak President and he will fold and give in to the rich and to the republican idea that there will be no new taxes on anyone. President Obama is about to set a record on the number of veto's a President can make in the final year of his first term, let alone all the veto's that people will see when he runs for President during the same time period.