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What has Obama done to save the middle class?

Obama has started campaigning and his big thing is how we have to save the middle class. He's been in charge for 4 years now. Are you better off than you were four years ago?

Here's an article on how Obama's policies have hurt the middle class: http://bit.ly/xll41d

Obama uses an interventionist policy.

Here's an excerpt from the article: "Health-care interventionism distorts the price mechanism that allows doctors and patients to negotiate the costs of various treatments. More interventionism inevitably results in an increase in health-care costs, which in turn means fewer people who can afford private health insurance. Interventionists then decide that we need more regulation. This is the vicious circle of regulation. As Mises explained, when regulations make problems worse, more regulations are passed to make up for the harm caused. Interventionists typically capitalize on perceived market failures, and then deceive an unsuspecting public into believing in the inadequacy of the market and pressing for more regulation."

Do you think Obama has hurt the middle class or is he helping it - and how?

Update:

Nearly an hour has passed and there are no answers. I can almost hear the crickets chirping...

Update 2:

Five hours and no answer.

1 Answer

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  • 9 years ago
    Favorite Answer

    For starters, he reformed health care so that those middle class folks who are making to much money to get government-funded health care but not enough to get their own private health insurance, will not be able to afford health care insurance.

    He also made it possible for those who do have health care insurance, they can now continue to carry their kids on their insurance until they make 27 years of age.

    President Obama also fought for and got the work tax reduced so that middle class people can have more money in their paychecks.

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