President Obamas concern about middle class economics is justified. But as I pointed out in a previous post, his prescriptions would do almost nothing to solve the problems. According to a private sector estimate, the benefit for families in the middle from all of the Obama proposals would be a paltry $12 a year. According to the Treasury Department, the benefit would be closer to $150. Either way, its small potatoes.
If you dont understand the problemor wont acknowledge it even if you do understand ityou are unlikely to find a solution that works.