The big challenge for President Obama - and for Republicans seeking their own agenda to woo the middle class - is that middle-income economic fortunes are driven mostly by private employers[/B]. The government can raise the minimum wage, but it can't make employers raise wages for workers already making well above that. It can give out targeted tax cuts, but these can't have large effects on the average family's income without getting really expensive. It can impose labor regulations, but it cannot overcome the fact that employers are powerful when many workers chase a small number of jobs.
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Poor NJ, he will hate this..... The middle class being driven by the private sector..... Oh, and about Obama's SOTU proposal to boost the middle class????
Len Burman, the center's co-director, who was a Treasury official in the Clinton administration, ran the numbers and found the president's plan produced an average tax cut of just $12 for families[/B] in the middle quintile - a surprising result for a plan aimed at the middle class, and one that produced inconvenient headlines.
Poor NJ, he will hate this... More failed liberal policies..... Now for the conclusion.... The author suggests LET THE FREE MARKET take care of the middle class....... DEAR LORD!!!! Can NJ's head explode twice in two days?
But right now, the best middle-class economic agenda might be to do no harm: Let the positive trends on job growth and gas prices continue, watch them flow through to wages, and hope the Federal Reserve doesn't get in the way and that Congress and the president can keep policy at an approximate status quo without government shutdowns or other manufactured crises. It's not a very ambitious agenda, but it's one that could produce materially higher living standards for Americans over the next two years.
http://www.nytimes.com/2015/02/26/upshot/what-is-middle-class-economics.html?ref=business&abt=0002&abg=1&_r=0
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Poor NJ, he will hate this..... The middle class being driven by the private sector..... Oh, and about Obama's SOTU proposal to boost the middle class????
Len Burman, the center's co-director, who was a Treasury official in the Clinton administration, ran the numbers and found the president's plan produced an average tax cut of just $12 for families[/B] in the middle quintile - a surprising result for a plan aimed at the middle class, and one that produced inconvenient headlines.
Poor NJ, he will hate this... More failed liberal policies..... Now for the conclusion.... The author suggests LET THE FREE MARKET take care of the middle class....... DEAR LORD!!!! Can NJ's head explode twice in two days?
But right now, the best middle-class economic agenda might be to do no harm: Let the positive trends on job growth and gas prices continue, watch them flow through to wages, and hope the Federal Reserve doesn't get in the way and that Congress and the president can keep policy at an approximate status quo without government shutdowns or other manufactured crises. It's not a very ambitious agenda, but it's one that could produce materially higher living standards for Americans over the next two years.
http://www.nytimes.com/2015/02/26/upshot/what-is-middle-class-economics.html?ref=business&abt=0002&abg=1&_r=0
