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ASre their any middle class people working at the new Caterpilla plant?
I agree with JD, Republican, Democrat or Independent we will still have the same pay and cost goes up. Mr. White has merit with some issues though.
The Gasoline issue:A big part of our increased price is the use in China, remember seeing video of people riding bikes, well they went to cars. So we drill and bring the price down a little, so little you can't even notice. And when we drill we bring it down for the whole world, not just for the US. It makes lots of money for oil companies, Exxon and BP. So the price jumps up, so in turn we use less gasoline, which actually helps bring the price down more than the drilling does. And because we use less gasoline the demand starts sliding, we easily forget we are still in a world market.
So what about the Drill-Baby-Drill logic? Oil and gasoline are world markets items, like gold or silver. For at least the last 25 years, the price of US gasoline has equaled the world oil price (per gallon).
There's really nothing that Romney, Obama or any sitting President can do about the gas price besides getting the world to use less of it. Now when Bush got into office in 2002 gas prices were at a whopping $1.40 then in August 2008 it was $4.20. Bush even stated "we are addicted to oil." Then in November it dropped to $3.00, when there was an election, then fell further in March of 2009 to $2.31 per gallon.
(prices from Dept of Labor U.S. city average 2002-2012)http://data.bls.gov/cgi-bin/surveymos...
The Debt issue:The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the Bush. Now federal budget records show the National Debt once topped 121% of GDP at the end of World War II. The debt in 1946, was, by today's standards, $270 billion dollars, so it happens to all Presidents.
The President who increased the Debt the most, (drum roll).... Ronald Reagan. Clinton was also not too far behind.
So why doesn't our money put a dent in it ever? We now spend $1.244 billion per DAY on interest.
(based on the US Census and US Treasury records)http://www.treasurydirect.gov/NP/BPDL...http://www.census.gov/main/www/popclo...
Jobs issue:Clinton created 23.1 million jobs during 2 termsRegan created 16 million during 2 termsTruman 8.4 million during 2 termsBush created 3 million jobs (net) over its eight years.Bush Sr created 2.5 million jobs during 4 years.Ford was the lowest at 1.8 million during 1 term.
Unemployment: Jan. 2002 5.7% averaged tillAug. 2008 6.1% and climbedOctober 2009 10%April 2012 8.1%
(Dept. of Labor records since 1939)
It seems to me that in President Obama's attempt to help the middle class he has succeded in turning us into the lower class. Everything has gone up and forcing the economically strained to purchace medical insurance, redicilous. I say we need a middle class President in office. The rich are for the rich. Just a fact of life.
I'm no Obama fan and I'm certainly no Obama apologist...but this really applies to every president we have had for many, many years.