Tag Archives: #obama
Some insight on middle class economics by Dionne Searcey and Robert Gebeloff
The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a century.
In the late 1960s, more than half of the households in the United States were squarely in the middle, earning, in today’s dollars, $35,000 to $100,000 a year. Few people noticed or cared as the size of that group began to fall, because the shift was primarily caused by more Americans climbing the economic ladder into upper-income brackets.
But since 2000, the middle-class share of households has continued to narrow, the main reason being that more people have fallen to the bottom. At the same time, fewer of those in this group fit the traditional image of a married couple with children at home, a gap increasingly filled by the elderly. Read more…
Did you tweet during the State of the Union? Check out this story written by about who did. Fascinating…sign of the times.
Members of Congress once had two primary means of responding to presidents while the yearly State of the Union address was delivered: stand and applaud, or sit on their hands and glare. Thanks to smartphones (or staff tucked away in offices with the passwords to official Twitter accounts), senators and representatives can now comment in real time to every word a president speaks. As they did in January 2014, the congressional audience wrote more than a thousand tweets during the approximately 65 minutes that President Obama spent delivering the State of the Union.
While some Democrats and Republicans may have been sitting next to one another as a bipartisan act, members on Twitter continued to talk past each other during the speech on a partisan basis. Members of Congress of opposite parties didn’t agree on much, but they did appear to become animated on Twitter during similar parts of the speech. House Republicans in particular reserved their strongest disagreement with the president over his veto threats as well as aspects of his economic vision, like the proposal for free community college tuition and his ideas for reforming taxation. During some of these moments in Mr. Obama’s address, Democrats amplified and expanded on the president’s message. Read more…