September 1, 2013
HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): The Big Confidence Gap Splitting the U.S. Middle Class. “It’s always been true that those who are better off have a more sanguine view of the economy. In the last year, though, that gap has become especially glaring. For households with income of more than $50,000 a year, confidence is up to the levels of 2007. For those below that, it’s not even close. . . . For a long time it was a cliché that much of the U.S. working class felt ‘middle class.’ Now it appears that a big part of the middle class — those households in the $35,000 to $50,000 a year bracket — feels poor.”
This is the effect of ObamaCare and tax increases on hiring, and it’s exactly what’s to be expected of a Gentry Liberal administration, which is all about the upper half of the middle class against the lowers.