In President Obama's State of the Union speech, he said that America had "turned the page" on crisis and should now devote itself to "Middle Class economics." He also said that "middle-class economics works" and "these policies will continue to work, as long as politics don't get in the way." How have they "worked"? Have the numbers of Americans living a Middle Class lifestyle increased? Do those in the Middle Class have it easier than before? Not so fast, Mr. President. The facts are, that the Middle Class has been shrinking for 40 years and the very definition of who is "Middle Class" has undergone a big transformation. New York Times: “Middle-class economics means helping working families feel more secure in a world of constant change,” Mr. Obama told Congress and the public on Tuesday. Still, regardless of their income, most Americans identify as middle class. The term itself is so...(Read Full Post)