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FBN’s Lou Dobbs on the small impact the Buffett Rule would have on most American families.
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The -- and in our nightly chart talked we've shown you how the the Obama tax hike or the Buffett rule us mr.
Obama refers to -- -- It's really just a bad joke when it comes to tackling our deficit and debt crisis in this country so why is the president paying so much attention to it spending so much time -- -- When they're far bigger more important issues.
In part because the Obama campaign is in trouble.
Whether pursuing political stunts Israel policy and trying to convince themselves at least that the American people weren't paying attention.
Or don't realize what's happening.
Or whether it's conducting class warfare instead of working for -- middle class working men and women all across this country.
Republicans say that the Obama tax hike doesn't do much for middle class families either.
And senator Orrin Hatch's office that a tremendous piece of mathematical.
Work.
Releasing a statement today that the president -- to quote and quote spread the wealth around.
A monster and I want everybody get ready for this by just going after that -- Obama.
Tax hike the the Buffett rule whatever that means.
Here's what you can expect if yours is a typical family aircraft this country.
Are you ready because this will be what you would get if indeed.
It's for whatever reason it became law.
Here here's what this is all about.
-- -- -- And I -- one and only about the best part here.
86.
Cents that's what it would amount to votes.
That would work out -- about three gallons of gasoline if you -- live in the right part of the country here in New York by the way.
Believe it or not that wouldn't even buy you -- movie ticket.
So the president's big -- -- the Obama tax hike the Buffett rule.
Does all but nothing for the middle class for working men and women in this country.
And according to the Census Bureau household incomes of fallen to the lowest level.
In more than a decade as of 2010.
In that year median household income slipped 300 dollars three -- box.
From the year before and the Obama tax hike well obviously wouldn't even be 5% of that money back in your -- At the same time home ownership rates are down from 67 point 4% back in 2009.
The 66 point 1% in 2011.
And the think tank demos reports that Generation Y.
is the first of the century that now says it's unlikely to end up better off financially.
Than their parents in fact.
37%.
Of households headed by people 35 -- -- 37%.
Have negative net worth or zero network in 2009.
Think about that it's zero.
Ten negative net worth.
37%.
In 1984 that number.
Was 19%.
-- is.
That there are real issues there are real problems in our society and our economy.
And we've got a president talking about -- -- that rule.
When he really means the Obama tax hike.
When what we really need are jobs created what we really need is for prosperity.
Is it too late for this president to realize.
That this campaign.
This time.
Is not about his job nor his political prospects.
It's now time.
To focus on helping unemployed Americans.
And restoring prosperity for all us a little campaign strategy if I may Mr.
President.
