The Tom Hartman Show and the Drive at Five hosted by the liberal merchant of hate Tyrone Bynum have both been talking about the so called "shrinking middle class". The only thing that both of these schmucks fail to mention is that more American families are gaining then falling behind when it comes to wealth.
Being middle class in America is sometimes taken to define a set of values, not simply income class. Defining the middle class as having an income between 40 percent above and below the U.S. median income adjusted for family size, it becomes apparent that over the past 35 years, American middle class families became better off even throughout the temporary setback of the recession that began during the Clinton Administration. It's just that the socialist left in an attempt to advance their agenda and discredit President Bush will not allow the lap dog media to report these facts.
Declining real income opportunities for workers with relatively lowskills/education is a major factor widening wage and income inequality. Most economists agree that a shift in marketplace return to skills, biased in favor of highskill workers, is the major factor operating to increase the wage gap.
The fact that large numbers of America s middle class moved to the upper class, finding higherpaying jobs and entrepreneurial opportunities in the rapidly changing economy is the good news. Solving the problem of growing inequality is not about public policies that target those in the middle and upper class who are responsible for the good news. Rather, it is about creating more good news; finding ways to equip more workers with the needed skills to find opportunities to maintain their middle class status.
In the state of Michigan, despite a growing economy everywhere else in the nation, we here continue to stagnate which leads one to guess that our present gubinatorial leadership in the form of one Jennifer Granholm is failing us by doing absolutely nothing to attract business to Michigan rather she is doing everything to scare business out of the state. She might not have raised income taxes but she has raised everything except the dead with increased fees, cigarette taxes,She decided that making homeowners pay next year's property taxes to pay this year's bills was a good idea.
Let's examine some facts about Michigan: Fact: Michigan has some of the highest employment taxes in the country. Fact: Michigan has one of the highest unemployment rates in the country. Fact: Michigan ranks high nationally for having the least number of employees with an education beyond the high school level.
Why do employers want to remain in a state which has the high taxes, when they can simply move their business out of state and save money? It's time to start by (a) cutting those business taxes, and (b) focusing on jobs outside of the automotive industry, and helping people find funds to pay for trade school/higher education.
I am no big fan of the former govenor John Engler, but you cannot place all of the blame for the economy on him. When Engler took office in 1991 from then Govenor Jim Blanchard, he was handed a rotten economy and he had to make some unpopular cuts in state spending, key word here being "spending". But eventually we had a thriving economy in Michigan and businesses and individuals thrived with tax cuts and we even had a surplus of revenue. Yes, WITH TAX CUTS not TAX RAISES or raising fees.
Govenor Granholm needs to get a clue. She is taxing, and regulating business right out of the state. Without big business like the automotive industry here, the smaller businessman cannot stay in business. We need to put Michigan back to work. Next year in 2006 it is time to hand Jennifer Granholm a pink slip of her own and get the people to tell her, "YOUR FIRED!"
Instead of a shrinking middle class, I think it's time for a shrinking socialist liberal left!
The Rogue Jew
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