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Carter: Middle Class Today Resembles Past's Poor
Associated Press ^ | 10/7/13 | Lisa Leff

Posted on 10/08/2013 8:47:35 AM PDT by CharlesThe Hammer

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To: CharlesThe Hammer
Jimmy. The great white hunter.
21 posted on 10/08/2013 9:13:51 AM PDT by IbJensen (Liberals are like Slinkies, good for nothing, but you smile as you push them down the stairs.)
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To: Slyfox

The interest here in N.J. went as high as 22% during Carters four year run to oblivion.


22 posted on 10/08/2013 9:13:53 AM PDT by certrtwngnut (')
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To: certrtwngnut

Middle class did this one to themselves by converting to the religion of Materialism. The Rapture of Materialism is ruin and it is here.


23 posted on 10/08/2013 9:14:25 AM PDT by thoughtomator 2.0
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To: CharlesThe Hammer

Misery index as of August 2013 is 8.82

Last year Jimmy Peanut was in office 21.98 June 1980

FYI:

The misery index was initiated by economist Arthur Okun, an adviser to President Lyndon Johnson in the 1960’s. It is simply the unemployment rate added to the inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation both create economic and social costs for a country. A combination of rising inflation and more people out of work implies a deterioration in economic performance and a rise in the misery index.

I move the name be changed to the Obama index. do I hear a second???


24 posted on 10/08/2013 9:14:39 AM PDT by Farnsworth ("The people have always some champion whom they set over them and nurse into greatness...This and no)
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To: CharlesThe Hammer

He isn’t right! He has lost it! Todays “poor” have phones, big screens, cable, newer cars than a lot of us, plenty of food, shelter. There are some destitute, but many because of choice.


25 posted on 10/08/2013 9:20:48 AM PDT by vpintheak (Thankful to be God blessed & chosen!)
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To: vpintheak
"He isn’t right! He has lost it!"

He has NEVER EVER been right. He hasn't lost it. He can't. He NEVER HAD it to loose. . . . .

26 posted on 10/08/2013 9:27:37 AM PDT by DeaconRed (Two things money can't buy. Home grown tomatoes & affordable O-Bummer health care.)
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To: thoughtomator 2.0

What you are describing is an economy that is the natural result of the policies instituted by those persons that are “concerned” about the wealth gap. When they show that “concern” they are really empowering themselves to become part of the elite rulers.....

I’ll stick with Margaret Thatchers response to the marxists:

http://www.youtube.com/watch?v=BnOGaQX04Cs


27 posted on 10/08/2013 9:28:22 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: Farnsworth

It’s little wonder why they game the inflation rate and unemployment. I’d wager if we used the 1979 standards, wed be near equal in terms of misery. The whole Fed spending spree is so people don’t realize how bad things are. They learned where they erred last time and they’ll be damned if they allow another Reagan to come along and toss them out from rightful rule as Lords over America.


28 posted on 10/08/2013 9:33:47 AM PDT by Bogey78O (We had a good run. Coulda been great still.)
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To: CharlesThe Hammer

The Middle Class were poverty stricken during his administration with high inflation, high interest rates, and high unemployment.

Mortgage rates today are at 4.5%. In his day 21%.

An average home today costs a total of $1,200 including payment, interest, taxes, and insurance. In Peanut head’s administration with their high mortgage rates that would be $3,300.

That’s right. Today we pay $1,200 but under Carter it would have been $3,300.


29 posted on 10/08/2013 10:03:07 AM PDT by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off. -786 +969)
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To: thoughtomator 2.0

The same is true from 1976.

Your genius is not living up to your screen name.


30 posted on 10/08/2013 10:17:38 AM PDT by G Larry (Let his days be few; and let another take his office. Psalms 109:8)
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To: vpintheak

The “right” reference is not to the supposed “poor,” but to the middle class. Obama is quite successfully redistributing the fruits of industrious middle class productivity to his beloved underclass. You are essentially saying the very same thing:

“Todays “poor” have phones, big screens, cable, newer cars than a lot of us, plenty of food, shelter. There are some destitute, but many because of choice.”


31 posted on 10/08/2013 10:44:29 AM PDT by CharlesThe Hammer
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To: Bogey78O
I don't put much value into the misery index. A number is just a number, one has to look around and see how other folks are doing, who is working, who isn't. Who is buying or not. Thats the real figure. people are hording, cutting back, saving. When you can't do what you want without great fiscal cost, then that is the REAL misery index.
32 posted on 10/08/2013 10:47:33 AM PDT by Farnsworth ("The people have always some champion whom they set over them and nurse into greatness...This and no)
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To: Tzimisce

Marx’s term for middle class was “bourgeoisie.” You’re so right about his hatred for this group. Yet, he spent his life in living a middle class existence, mostly financed by the father of his ideological partner, Friedrich Engels.


33 posted on 10/08/2013 10:49:59 AM PDT by CharlesThe Hammer
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To: CharlesThe Hammer

What does he know about the middle class anyway???


34 posted on 10/08/2013 12:05:04 PM PDT by DennisR (Look around - God gives countless, indisputable clues that He does, indeed, exist.)
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To: DennisR

Good point.


35 posted on 10/08/2013 1:08:36 PM PDT by CharlesThe Hammer
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To: G Larry

Today’s middle class is largely one pink slip from being lower class. There is next to zero economic security for the middle class, which is a significant difference from the 1970s. Perhaps more important, there is no longer any social mobility or hope for a better economy in the future.

We are in a 1930s economy right now, perhaps worse. There’s no honest metric that you can look at that doesn’t agree.


36 posted on 10/08/2013 1:20:24 PM PDT by thoughtomator 2.0
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To: Tzimisce; CharlesThe Hammer
Karl Marx HATED the middle class

Communists, Socilists, Elites always do.

Their goal is 2 classes. Themselves (The Aristocracy) and one class under them. Easier to control.

Their tactic is to force the middle class to give their hard-earned money to the poor via Gov't coercion in order to equalize all those under them.

Work to get ahead? Not in their disgusting "utopia".

37 posted on 10/08/2013 1:26:16 PM PDT by what's up
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To: what's up

Yes - it’s called “Marxism”.

And Marxism’s biggest defenders in 2013 are the middle class.


38 posted on 10/08/2013 1:59:18 PM PDT by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
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To: Tzimisce

“And Marxism’s biggest defenders in 2013 are the middle class.”

This is a a dubious claim. I would contend that Marxist rhetoric and dogma are emitting from the governmental and media elites. These flawed notions are embraced by “low information voters”, some of whom are indeed middle class as you claim, but many are also part of a massive and expanding “underclass.”

There is still a gigantic number of working Americans who are small business owners, entrpreneurs, professionals, and blue collar employees who want no part of Marxism in any form. Don’t tar them all with that tag.


39 posted on 10/09/2013 12:48:18 PM PDT by CharlesThe Hammer
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To: CharlesThe Hammer

Most of the people I argue politics with in my day to day affairs are members of the middle class (and I live in a red state.)


40 posted on 10/09/2013 3:47:53 PM PDT by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
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