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Year in office. it s been coming down slowly but steadily ever since. let s go to michelle kosinski. she joins us with more. reporter: this was like a president obama victory lap part 2. on the one hand you always have the without touting numbers, but on the other you have analysts who say, wait a minute what about wage tag nation? how many people have given up out of frustration? so the question is is the american economy doing well or not? the answer is it is doing pretty well especially when you compare it on other countries overseas that are still grappling to recover. the bottom line is top-down economics doesn t woirk middle-class economics works. fired up over jobs ute 223,000 added in june unemployment at the lowest in seven years. add to that another sharp dig at ....
Decades-high 15.9%. in fact, under president o. the rich have gotten richer and the middle class is now home to the fastest growing sector of the economy when it comes to poverty. but remember the class warfare lectures he delivered ad nauseam? top-down economics never works. the country doesn t succeed when only the rich get richer. we succeed when the middle class gets bigger. when more people have a chance to get ahead. more people have a chance to live up to their god-given potential. obama-nomics has failed, folks, has failed the middle class. check out these numbers. the ap says best times for the 1% since the 20s. the wall street journal says some 95% of 2009 to 2012 income gains went to the wealthiest 1%. why does president bush dislike the middle class so much? i don t know. back the way we tried. not a good relationship. ....
Decades-high 15.9%. in fact, under president o. the rich have gotten richer and the middle class is now home to the fastest growing sector of the economy when it comes to poverty. but remember the class warfare lectures he delivered ad nauseam? top-down economics never works. the country doesn t succeed when only the rich get richer. we succeed when the middle class gets bigger. when more people have a chance to get ahead. more people have a chance to live up to their god-given potential. obama-nomics has failed, folks, has failed the middle class. check out these numbers. the ap says best times for the 1% since the 20s. the wall street journal says some 95% of 2009 to 2012 income gains went to the wealthiest 1%. why does president bush dislike the middle class so much? i don t know. back the way we tried. not a good relationship. ....
Cuts they didn t need, and that we couldn t afford. companies enjoyed tax breaks for shipping jobs overseas, insurance companies, oil companies, wall street given free license do what they pleased. folks, at the top got to play by a different set of rules than the rest of us. and result of this top-down economics was falling incomes, record deficits, smallest job growth in a half century and economic crisis that we ve been cleaning up for the last four years. now, in the closing weeks of this campaign, governor romney has been using all his talents as a salesman to dress up these very same policies that failed our country so badly. the very same policies we ve been cleaning up after for past four years. and he s offering them up as change. he s saying he s the candidate of change. well, let me tell you, wisconsin, we know what change ....
Is when small businesses get a tax credit for hiring veterans who fought for our country. that grows our economy. we just have a different theory. when governor romney stands here, after a year of campaigning, when during a republican primary he stood on stage and said, i m going to give tax cuts than he didn t say tax rate cuts he said tax cuts, to everybody, including the top 1%, you should believe him, because that s been his history. and that s exactly the kind of top-down economics that s not going to work if we want a strong middle-class and an economy that s thriving for everybody. governor romney, i m sure you ve got a reply there. [laughter] you re absolutely right. you heard what i said about my tax plan. the top 5% will continue to pay 60% as they do today. i m not looking to cut taxes for wealthy people. i am looking to cut taxes for middle income people. and why do i want to bring rates down? and at the same time lower exemptions and deductions, particularly for pe ....