Bush's tax cuts of 2001 and 2003 have helped corporate america gain strong profits but many americans are struggling to make ends meet and wages are stagnant.
2006-10-03 12:55:20 · 21 answers · asked by Anonymous in Politics & Government ➔ Politics
The 1990s were MUCH different.
2006-10-03 12:55:53 · update #1
Inflation rate during the Clinton Adminstration was the lowest since the Kennedy Era.
2006-10-03 13:16:04 · update #2
Economic growth has been slow. Inflations increased. Few jobs in the private sector have been increased. poverty rate has increased. home ownership rate has decreased. income average has declined. unemployment rate has decreased but less people have been looking for work.
2006-10-03 13:23:09 · update #3
You hit the nail on the head.
When this administration tells us the lie that the economy is doing just fine, what they fail to do is include these factors that you have outlined. They also do not include in figures, the unemployed that have run out of benefits. In many cases wages are not only stagnant, but declining. All these points are taking their toll on Middle America.
2006-10-03 15:44:07 · answer #1 · answered by Schona 6 · 2⤊ 0⤋
The 400 richest billionaires listed in Forbes magazine have a total wealth that equals the wealth held by one half of the families in America, or put another way, these 400 people control one third of all wealth and the system is set up to make more money flow their way. The kind of turmoil that that can cause is sometimes called revolution.
2006-10-03 20:50:01 · answer #2 · answered by iknowtruthismine 7 · 2⤊ 0⤋
The middle class is in turmoil because in 2001 and 2003 Bush's tax cut helped corporate America gain strong profits, and that did nothing to benefit the middle class.
2006-10-03 20:05:42 · answer #3 · answered by Anonymous · 2⤊ 1⤋
I also saw that report about the Forbes 400, and I'm not sure people actually realize what it means. Four hundred individuals control almost half this countries wealth, which leaves the other 299,000,600 of us to divy up the other half, and it just gets worse every year, I think French Revolution should be a term on everyones mind.
2006-10-03 21:17:25 · answer #4 · answered by booboo 7 · 2⤊ 0⤋
Have you seen the wages these individuals have to live on. they might as well be homeless they'd get more from being on welfare. We live in a world today of to many fat cats and not enough kittens. People can't even get health ins. because they just don't make enough money, they trouble each and every day to make ends meet. Bush may have cut taxes but all he did was make the rich richer and poop poorer.
2006-10-03 20:01:52 · answer #5 · answered by Louisa R 3 · 3⤊ 1⤋
The middle class voted for Bush, they voted for a system that actually gives tax incentives for shipping their jobs overseas. Not too bright. They voted against national health care, which, though not perfect, is a LOT better than the present system that imposes higher and higher costs and less and less coverage on the middle class as it gets older, sicker, and more needful. And they voted against it twice, when they killed Hillary Clinton's national health care plan, and when they voted away the Clinton surplus by electing (sorry, that was the supreme corrupt court) in 2000. So why care? They made their bed, let them sleep in it. If they were stupid enough to vote away health care, that is their problem. I have no sympathy for stupid people who screw up their lives. Thats what they voted for. Let them live with it. If they can.
2006-10-03 20:02:07 · answer #6 · answered by jxt299 7 · 2⤊ 2⤋
Because the average wage might have gone up 3%, but
the cost of living increased by 5%.
Check out someone's paycheck, over a third of it goes to
the government - you know, so they can have the best health
care in the world, while one third of Americans have no
insurance at all.
2006-10-03 20:00:15 · answer #7 · answered by Calee 6 · 3⤊ 1⤋
The whole system is crooked and rigged. The super rich who rule this world, have designed the system to filter wealth from the working class, up to themselves. All but a very few do not even realize this.
2006-10-03 20:05:28 · answer #8 · answered by oceansoflight777 5 · 2⤊ 1⤋
many people in the middle class are stuck in jobs that have salaries and wages that are stagnant and are not rising with inflation. We are having to have two incomes just to get by...and I'm talking paycheck to paycheck and trust me I don't live in a big house or have many luxuries...not even cable.
2006-10-03 19:58:43 · answer #9 · answered by Anonymous · 7⤊ 1⤋
Middle class; professionals, doctors, lawyers, CEO, wealthy business men are just fine. Its the skilled workers, carpenters, plumbers, electricians, computer specialists, engineers etc. that are caught in the middle and struggling. Workers are just getting poorer and poorer, with restructuring, resourcing, and stagnet wages.
2006-10-03 20:03:54 · answer #10 · answered by longroad 5 · 2⤊ 1⤋