I’ve heard almost constantly from people on the left side of the political sphere that the middle class in the United States is in a crisis. President Obama and other Democrats have drawn an increasingly bleak picture of the outlook of the middle class. In 2009, President Obama stated that “middle class Americans have been working harder, yet not enjoying their fair share of the fruits of a growing economy.”
Monthly Archives: May 2012
Building Wealth Requires Saving
There has been a lot of talk about economic growth over the past few months. Economic growth is one of the hot-button issues of the 2012 campaign. Each candidate would like to put in their two cents about what creates economic growth. Republicans like to say that they are the “pro-growth” party. President Obama likes to say that his policies have created some economic growth, and we need to re-elect him for all of the growth to be realized. But what really drives growth? Saving does. Saving drives economic growth. Yes, there are other things that are economic drivers, but saving is a huge economic driver.
Coming Back Soon…
As many of you have noticed, I have been on hiatus from the blog for a couple months now. I’ve been taking a class at the local community college, and made a deal with my lovely wife (http://www.twitter.com/eurofiedchic) to stop blogging while I was taking the class.
