NEWS
April 10, 2008 | Hope Yen, Associated Press
WASHINGTON - Growing numbers of middle-class Americans say they aren't better off than they were five years ago, reflecting economic pressures amid growing debt, a study released yesterday shows. Their short-term assessment of personal progress, according to the study, is the worst it has been in nearly half a century. The survey by the Pew Research Center, a Washington-based research organization, paints a mixed picture for the 53 percent of adults in the country who define themselves as "middle class," with household incomes ranging from below $40,000 to more than...
NEWS
September 28, 2008 | Jesse J. Holland, Associated Press
GREENSBORO, N.C. - Democratic presidential candidate Barack Obama yesterday called Republican rival John McCain out of touch with middle-class Americans, telling supporters that the GOP senator never once uttered the words "middle class" during their first debate. "Through 90 minutes of debate, John McCain had a lot to say about me, but he didn't have anything to say about you," Obama told a cheering crowd at the J. Douglas Galyon Depot in downtown Greensboro. "He didn't even say the words 'middle class.' He didn't even say the words 'working people.' " Obama...
NEWS
December 22, 2008 | Kevin Freking, Associated Press
WASHINGTON - As vice president, Joe Biden will oversee an Obama administration effort to find ways of building up the ranks of the middle class, that ambiguously defined segment of society most Americans identify with. The task force will include four Cabinet members as well as other presidential advisers, the Obama transition team announced yesterday. The goal is to recommend proposals to ensure the middle class is "no longer being left behind," Biden said. The proposals could include executive orders and legislative plans.
BUSINESS
September 16, 2009 | Associated Press
WASHINGTON - Treasury Secretary Timothy Geithner acknowledged yesterday the federal government had to take some “deeply offensive’’ steps to help the country get past the financial crisis a year ago. But he also said in a nationally broadcast interview that things are “dramatically different’’ now, although it’s too early to say the economy is in recovery. “A year ago we really were on the verge of a full-scale run’’ on banks, along the lines of the 1930s Depression, Geithner said in an interview broadcast on ABC’s “Good Morning...
JOBS
February 26, 2009 | Associated Press
WASHINGTON - Green jobs, where are they and how to get them, will be the focus when President Obama's task force on middle-class working families formally begins its work tomorrow in Philadelphia. The panel, chaired by Vice President Joe Biden, will hear from experts on the potential to create and fill these jobs. The $787 billion economic stimulus bill Obama signed last week includes billions to help create such jobs as installing solar panels and building wind turbines, which also is part of his goal to nudge the country away from dependence...
BOSTON GLOBE
September 21, 2011
RE "KERRY says entitlements must be addressed" (Political Intelligence, Metro, Sept. 11): With the proportion of taxes received from corporations and the wealthy at a 30-year low and the middle class under brutal attack by those same interests, Senator John Kerry insists that the so-called deficit problem has something to do with Social Security and Medicare. The fact that these programs are largely self-funded is apparently not germane. This thinking is typical of corporate Democrats such as Kerry.