Page 2 - Middle Class Squeeze News Today

Sitting in the senate that shows house republicans do get things done. we get a lot done. and our priority is building an america that works for the middle-class families that are struggling in this country. but there is more work to do. conservatives have solutions that can help alleviate the middle-class squeeze and provide opportunity to all regardless of their circumstance in life. and i will continue to fight for each and every american whos looking to better themselves and help their famil...

Chat squeeze. -- middle class squeeze. so, we have a real problem here, and if we dont address it, we cant address many of the other issues we care about because ultimately a job is the best ant dote -- ann -- antidote to profiter. >> the numbers were released. i averaged it out, it would still be less than the number in january. but that the young percentage is still very low, 27%. should really be 40% to make this thing potentially cost productive. what do you think? >> one of the great disapp...

Depending on who is elected. if you are in your 40s and 50s these are supposed to be get best earning years. a lot of people are out of work and a lot of people who have jobs are finding they cannot put money away for retirement or they have a hard time helping out their kids with college or other expenses because there has been a middle-class squeeze. the median income is down by $4,300 a family, that is a lot to be down each year, and, at the same time, gasoline for an average family is up $2,...

About. we will have two more presidential debates and a vice-presidential debate. and we will talk about the two paths. and they lead in very different directions. it is not just the words. you can look at the record. there is no question in my mind, if the president were to be re-elected, you will continue to see a middle-class squeeze with incomes going down and prices going up. you will see chronic unemployment. we have 43 straight months of unemployment above 8%. if i am president, i will he...

>> its not about blaming. its about accounting for in a way -- >> i want to talk about one moment in particular. and thats the end of the debate, right? everybody knows theyre going to have a closing statement. rendells head in his hands. >> glass of the water. >> this is the presidents and mitt romneys closing remarks. they knew they were going to have to do this. presumably they planned these remarks. this is what they said. >> you know, four years ago, i said that im not a perfect man and i w...

his tax rate, mitt romney reveals his tax rate. fair or unfair? and fact or not? are the congress members back in session refresh and ready to change the world -- or not? lets go "outfront." well, good ooevening, everyone. im erin burnett and "outfront" tonight, and welcome back, congress. we missed you. we really did. after -- well, that may have been a bizarre and appropriate slip of the tongue. but members are back in the house today to make up for frankly an abysmal 2011. the t...

want to talk about what is going to happen in washington. places like mexico on taxpayer junkets, and we will be joined we have had divided governments in the past and everyone says it is not worse, but they fixed it and got better and that is the american can-do way. all right. we want congress the feel the heat, but see the light. lets make them work. we are joined by congressman sewell from new york, and congresswoman grimm. i am glad you are smiling after the intro, but you are sit...

world. lets go outfront. well, good evening, everyone. im erin burnett and "outfront" tonight, and welcome back, congress. we missed you. we really did. after four weeks away from washington, the house is returning to work today, hopefully rested and ready to make up for an abysmal 2011. the track record. full of failures. they didnt raise the debt ceiling which caused americas credit rating to be cut which hurts all of us. and they didnt agree on a budget. causing several near shutd...

Middle class squeeze. steve, always great to see you. >> good to be with you. what we have here. >> all right, so -- i was going to ask you to explain to us what is happening here? >> what is happening here is the middle class is getting shafted. congress passes the tax credits but takes them away when you reach a certain income level. we cited the case of a woman making a choice perhaps between a $60,000 job and a $120,000 job. if she takes the $120,000 job which means more hours and more stres...

Than that. we talk about a labor market thats healing and weve slowed down on the big massive job losses and the like but there still is this huge overhang, a sea of jobless people right now. it takes 100 to 150,000 new jobs every month to just to keep up with population growth. were not creating any. were still kind of losing jobs. it could take four, five, six, by my calculation seven years to eat through the overhanging to get jobs for everybody who loft them and to absorb the new workers. se...