I think it would be nice if both candidates for president acknowledged and addressed this serious economic situation with concrete plans instead of talking about the much-loved middle class, but they won’t. Unfortunately, the reluctance to do so may result in Obama losing:
According to a recent survey by the financial website CreditDonkey, more than 40 percent of Americans say that have less than $500 in savings. 54 percent of respondents said they have no savings plan in place. Other recent surveys have found similar numbers: the Consumer Federation of America and the Consumer Planner Board of Standards found that nearly 40 percent of American households live paycheck to paycheck.
Nothings new about this. The Bush era successfully wiped out a ton of middle class ‘wealth’ when the housing debacle hit. I’m not so sure Obama would gain any advantage by bringing it up, unless he points to Congrees’ obstruction to highlight the overall condition of regularly folks, as opposed to Romoney’s plan to give more tax breaks to the ‘job creators’.
Obama’s electoral fortune is absolutely neutral to this problem.