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Obama Working For or Against the Middle Class?

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  • Description

    FBN’s Lou Dobbs on the financial challenges weighing on the middle class in America.

  • Duration 3:49
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A choice between two different -- for America.

A choice between two fundamentally different visions.

For the future.

Ours.

Is -- fight to restore the values that built the largest middle class and the strongest economy the world has ever known.

That's President Obama at the conventional last week but -- -- into the about late discovery that this nation is founded on our middle class.

You spend a lot of time talking about minority interest.

Identity politics but very little on the working men and women.

Our middle class but we're 95% of all Americans consider themselves to be battle while.

-- while the president talks incomes continue to fall.

According to the Census Bureau median household income fell one and a half percent last year down one and a half percent to just over 50000 dollars down one and a half percent.

In one year.

-- -- And isn't all the second straight decline and -- the overall poverty rate by the way standing at 15%.

As of last year 15% from -- -- the centrist bureau.

It's.

It's.

A very high number.

For a superpower tipping -- that's statistically unchanged as well from one point to.

A fifteen point 1% the previous year -- talking about roughly 46 million people.

46.

Million.

America.

In poverty.

Now I don't know about you.

I have a heck of it I'm trying to square -- the -- of being the super.

The richest country -- And by the way this is the highest level in more than -- half century.

For spam report means an annual income of just over 23000.

Dollars to be at that poverty level.

It's not getting better and the American dream for millions of our fellow citizens is simply pay.

But even -- poverty figures are better than many economists had expected Census Bureau economists in particular.

Said we would be much worse -- if it weren't for the extended unemployment benefits.

For example if you take unemployment insurance out of a census calculation.

Another sixteen million people.

Sixteen million people more.

-- -- -- -- -- And if you took away the Social Security benefits.

-- his disability not Social Security.

Another fourteen and a half million people would have fallen below.

-- I -- approach we're talking 76.

Million.

We remind you record five point four million people by the way signed up for federal disability.

In the just since the president took office in January 2000 right.

So what does the administration do for one issue an executive order allowing up to one point seven million illegal immigrants.

Into the workforce.

One point seven million.

Illegal and it's.

When an estimated eight billion illegal immigrants and by the way some consider these to be.

Rather conservative numbers.

In -- -- In fact pure research estimates illegal immigrants are -- make up over 5% of the total work force.

But the White House apparently says that number should be higher.

Given the policies that they're pursuing with open borders and effective amnesty.

And the president.

-- wants us to believe that he's working for the middle class it is clear.

This president is working for it seems at times.

Everyone --

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