Romney: 'Middle-income' between $200K and $250K

According to Mitt, you are middle class if you are between the 94% household income bracket and the 96% household income bracket. Here is how the WSJ defined that income bracket. http://blogs.wsj.com/economics/2011/10/19/what-percent-are-you/
In Mitt’s opinion, the middle class is that 3% of the population that makes between $200,000 and $250,000. What does that make the rest of us? Could this guy be more out of touch with reality?

Romney: 'Middle-income' between $200K and $250K
By STEVE PEOPLES, AP

Republican presidential candidate, former Massachusetts Gov. Mitt Romney arr...
BOSTON — Mitt Romney is promising to reduce taxes on middle-income Americans.
But how does he define "middle-income"? The Republican presidential nominee defined it as income of $200,000 to $250,000 a year.
Romney commented during an interview broadcast Friday on ABC's "Good Morning America."
The Census Bureau reported this week that the median household income — the midpoint for the nation — is just over $50,000.
The definition of "middle income" or the "middle class" is politically charged. Both presidential candidates are fighting to win over working-class voters.
President Barack Obama has defined "middle class" as income up to $250,000 a year.
Obama wants to extend Bush-era tax cuts for those making less than $250,000. Romney wants to extend the tax cuts for everyone.

 

Obama has defined the Middle Class as "families making less than $250,000 (that's $249,999 or below) and "individuals making less than $200,000 (that's $199,999 or below).

So, let's see how the Wall Street Journal calculator crunches those numbers.

First, we enter $199,999. Lo and behold! We get a figure of 94%.

Second, we enter $249,999. Begorrah! We get a figure of 96%.

In Obama's opinion, that 3% of the population falls within the Middle Class.



http://blogs.wsj.com/economics/2011/10/19/what-percent-are-you/

 

How can sit there and lie and then post a video that proves you are lying? Is this just the new Republican tactic or something? Obama at no point said that he defined middle class as familes making $250,000 or less. He never once called $250,000 and less earners the middle class.

They are middle class, upper middle class but Obama did not say it. Romney on the other hand clearly defined middle class as between $200,000 and $250,000. The median income in this country is about $50,000. Poverty is deined as a family of 5 making about $24,000. Clearly, Romney smakes yet another stupid, uninformed, knee-jerk, ham-handed, out-of-touch statement. Will Willard ever learn? NOPE!

 

Since he does not bother to back up his assertion, my guess is that Romney's statement was something on the order of Obama's visits to 57 states.

 

OOPS!! AGAIN!!! You need to amend your news sources!!1

 

Middle class' turns fuzzy in politics

There's no official definition

Updated: Thursday, 19 Jul 2012, 6:43 AM EDT
Published : Thursday, 19 Jul 2012, 6:43 AM EDT

• HOPE YEN,Associated Press

WASHINGTON (AP) — In a recent speech, President Barack Obama referred to the "middle class" 14 times, defining it as a family that makes up to $250,000 a year. Republican challenger Mitt Romney has looked at it from the other direction, saying that someone who falls into poverty "is still middle class."

In the fuzzy labels and loose speech of this political season, "middle class" has ballooned to cover just about everyone. So what does the term really mean?

There's no official definition.

If anything, a slew of economic data suggests a middle class that's actually shrinking. Mid-wage manufacturing and other jobs are disappearing due to automation and outsourcing, while lower-income positions and poverty spike higher. The White House's chief economist, Alan Krueger, said in January that the middle class fell from 50 percent of U.S. households in 1970 to 42 percent in 2010, as more families moved to the extreme ends of income distribution.

But it's not just about economic ranges. And politicians are not bound by such gauges anyway.

"Politicians love to use the term, because it's vague and connotes an image of regular American people." said Dennis Gilbert, a sociology professor at Hamilton College and author of "The American Class Structure in an Age of Growing Inequality." He said, the varying uses of "middle class" on the campaign trail are "dishonest, and it's absurd."

In recent months, the phrase has been popping up with increased frequency. Referring to the election as a "make-or-break" moment for the middle class, Obama used the term repeatedly in his July 9 speech calling for an extension of "middle-class" tax breaks for families making less than $250,000, or $200,000 for individuals — basically everyone but the top 2 percent. He mentioned the phrase seven times at a fundraiser Tuesday in San Antonio.

http://www.wwlp.com/dpps/elections/president/middle-class-turns-fuzzy-in-politics-nt12-jgr_4243696

 

Obviously a "gotcha moment" manufactured by the left that just didn't catch on

 

No lie. Just quoting the man himself. Here's another video for you:



I'll transcribe the portion of the video where he calls for tax cuts on "the first $250,000" for households then calls those same people "middle-class". You can listen to it for yourself beginning at about 1:53.

Here are his exact words:

President Obama: "Right now, we could decide that every American household would receive a tax cut on the first $250,000 of their income. But once again, the leaders across the aisle are saying no. They want to hold these middle-class tax cuts hostage until they get an additional tax cut for the wealthiest 2 percent of Americans."

 

Yep, an absolute fabrication.

 

In the future, they will have you believing that 100% of Americans are middle class instead of just over 97 like they do now%.

 

125%