Remember the 1992 election? President Bush was sitting in the White House. A well-spoken Democrat—a fresh face on the national scene—came along and promised change from business-as-usual. He avoided the usual partisan rhetoric and said his goal was to bring us all together. He went out of his way to reach out to Middle America and, among other things, promised a middle class tax cut.

Sound familiar?

Once Bill Clinton was elected, he quickly forgot about his promise and abandoned the tax break for the middle class. Will Barack Obama do the same?
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Two economists have released some highly dubious “research” stating that the ongoing influx of cheap labor from Mexico and other Third World countries hasn’t measurably affected American wages. In other words, they’re claiming that the law of supply and demand somehow doesn’t apply to labor. If Pinocchio were an economist, he’d surely be leery of trying to get away with a whopper like this!
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After hitting a rock bottom of 106 (below 100, and average families can't afford average homes at all), the affordability index has headed back up again.

Yes, the housing crisis is hurting many middle class families. Many are not only losing their homes to foreclosure, but are also seeing the key component of their net worth—home equity—vanish into thin air.

There is, however, a bright side to the housing “bust.” Home prices are plummeting from the stratosphere and returning to earth. This means that once the crisis is over, housing will again be affordable to middle class first-time homebuyers.
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� “We don’t pay taxes. Only the little people pay taxes.”

—Late billionaire Leona Helmsley�

According to a study of corporate tax returns filed for the years between 1998 and 2005 issued by the Government Accountability Office (GAO), over 60% of U.S. corporations paid no corporate income tax at all.

For large foreign-owned corporations operating in the U.S., the number is even higher: almost 75%.

All of this is entirely above-board. After all, the government itself provided the statistics and is therefore fully aware of what is going on.
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Barack Obama’s newest TV ad ends with a powerful tagline: “Middle Class First.”

I can’t argue with that sentiment—it’s been decades since any president did anything of the sort.

Should we trust� Obama� to carry through with it? Will he really put the middle class first?
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