-By Warner Todd Huston
So much for Obama being the “President of the middle class”…
According to the Census Bureau, income for the middle class fell 8 percent to its lowest level since 1995. “The New York Times” severely understates the case saying that this “poses a challenge” for Barack Obama as he vies for a second term
According to the report, middle class income has fallen to a national average of $50,054 annually, close to what it was back in 1995. The Times finds this troublesome for the President.
That drop poses a political challenge for President Obama as he presents himself as a champion of the middle class and defends his economic stewardship in a tightly fought presidential race. The Republican presidential candidate, Mitt Romney, is likely to seize on the decline as evidence of the president’s failure to fix an ailing economy. Mr. Obama, for his part, has emphasized the potentially damaging effects of Republican policies on the middle class.
Revealing a lopsided recovery, the same Census Bureau report does note that the top 5 percent of households have seen some recovery of lost income even as they “took a whack in the recession.”
The Obama administration points to these statistics claiming that the “rich” need to be taxed more. But others disagree.
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Recovery Lagging for Middle Class”


One of the reasons that our economic recovery has been so slow is that the Obama administration has opened a continuous avalanche of regulations affecting jobs, hampering businesses, and costing all of us billions in lost revenue, taxation, and waste. But there is a bill in the House called the REINS Act that could help tamp down this avalanche, save us all money, help bring back the creation of jobs that aren’t being created now.
With this week’s Chapter 11 bankruptcy filing of American Airlines, we again see the results of unions having a hand in destroying American businesses. We also saw GM laid low by union demands costing Americans billions in bailouts. But despite these lessons of the recalcitrance of Big Labor forcing even worse calamities on our jobs climate in this dismal economy, Obama is about to make matters worse by using his powers to regulate to further harm both our business sector and our economy.
Patten Industries has been guided by four generations of Pattens, the company having been founded by B. C. Patten, Sr. in 1933. But Illinois has not been good to the company or its employees over the last decade or so. Unfortunately, the company has gone from employing some 700 employees in 2006 to only about 400 today due to the harsh economic climate in the Land of Lincoln.
Last year for the 2010 midterms Arkansas Senator Blanche Lincoln was in trouble with her reelection. Up until 2010 most felt her seat was a safe one but Democrat challengers pushed the sitting Senator to a runoff that she barely won. 55% of her constituents opposed her. 


The event was held at the headquarters of The Rabine Group in Schaumburg, Illinois. The Rabine Group is a group of nationwide companies that specializes in driveway paving, roofing, and other contracting work. The company is headed by owner and CEO Gary Rabine.
In another breach of trust between President Obama and the American people, Obama has once again broken a promise to change the business-as-usual habits of Washington. As a candidate and early in his presidency Obama claimed he’d bring an unprecedented transparency to Washington. But now it looks as though he’s OKayed his agencies to lie about the records they hold.
As a result of years of budget deficits and wasteful spending by the state legislature, California faces difficult budget challenges for the next ten years. This bad news is courtesy of a recent analysis of the state’s long-term debt obligations by state Treasurer Bill Lockyer (Download .pdf of
A small business named Nice Cream found that government wasn’t very nice to its bottom line. In fact, due to its heavy hand, government froze the company into nonexistence. So much for everyone loving ice cream!
Phil Kerpen has a warning for you, America. He wants to alert you to the fact that Barack Obama is using his powers to create regulations to undermine Congress, ignore voters, and “radically transform America.” But Kerpen also has some good news. There’s a way to stop this left-wing assault on our country. You can find out what that something is in his new book, 