During
the recent presidential election, Mitt Romney was ridiculed when he
said that he “was not concerned with the very poor.”
This quote was mocked and used very effectively by his opponent to
help portray Romney as an out-of-touch and not-caring rich guy.
Let’s
consider the other things Romney said at that speech. He was not
concerned about the very poor because we have social programs that
provide a safety net for them. He was not concerned about the very
wealthy because they have the money to care for themselves.
What
he was concerned about was that vast group in the middle that is
called the middle class. He was going to focus his attention on them
and try and get the economy growing again so they could get jobs and
provide for their families.
Romney’s
opponent portrayed himself as the candidate for the working class. A
warrior fighting for the middle class. Excuse me while I go retch.
The
truth is that it is hard to find many recent economic policy
decisions that help the middle class. Middle class, how do I loathe
thee, let me count the ways.
The
federal government is determined to drive up the cost of higher
education as fast as possible. There is no tuition so high that they
will not loan the money for tuition to an incoming student. Five
thousand a semester, ten thousand a semester, no problem. All the
student has to do is just sign their name, collect the money and then
wonder how they are going to pay the money back only after they
graduate.
Amazingly,
colleges have learned the racket. Keep raising the price of the
education and the students always have the money to pay.
And
who does this hurt the most? The rich have so much wealth they do
not care about cost. The very poor get a subsidy to pay for their
education. It is the middle class that gets hit the hardest. You
see lip service given to the rising cost of higher education but no
action.
I
could write a whole column on the cost of higher education and
probably will.
Food
is one of the necessities of life. The federal government is
determined to help everyone in the food cycle except for — the
middle class.
There
are tens of millions of people that are on food stamps. The poor get
food given to them for free. This is good. The rich farm
corporations get free money given to them in farm subsidies. Not
good. Hey, let’s give Bill Gates some money!
And
who can least afford to pay for these give-aways? The middle class.
The
current energy policy of the United States can only be described as
insane. We eschew all the vast energy resources that are available
within our own country in favor of some mystical renewable energy
source that is going to magically appear if we just spend a few more
billions of dollars.
The
cost of gas is $2/gallon higher now than when Obama took office.
There is no market structural reason for the price to remain this
high. This inflated energy cost is crushing to the middle class and
the poor.
The
ward I live in covers a large area. Members that live in the outer
edges of the ward and have modest (not poor) means have to pick and
chose ward activities that they will attend. They cannot afford to
drive around at such high gas prices.
We
should all remember that the pain and misery created by these high
energy prices is a choice of the government, and the people that the
government are willing to make miserable are reasonable sacrifices to
be made at the altar of the recently organized global warming
religion.
Communication
is important in the fast pace of today’s world. The rich
always have the newest and best that the phone companies have to
offer. The cost is low enough they do not notice the price tag. The
poor get them for free. It is the middle class that worries about
rising rates and those pesky additional fees that get added onto a
cell phone bill.
A
real concern about the middle class is what made Romney’s
statement so unique. He was not going to focus on the poor and try
creating a new society. This is what most politicians say that are
doing but really spend little time addressing. He was also not going
to listen to and pander to the rich. This is what most politicians
never say they are doing but really spend most of their time doing.
The
president’s approval rating has been dropping. The approval
rating for Congress is so low that it looks like only their families
and just a few (not all) of their friends think they are doing a good
job. Maybe that vast group we call the middle class is noticing that no one
cares about them.
It
is unfortunate that someone that would have dedicated his time to
helping them was so easily pushed aside.
So
we go on with a lousy economy week after week, month after month,
year after year. There are 22 million still unemployed or
underemployed.
Adam Smith is obviously not the actual name of the author of this column. The real author has
worked for two Fortune 500 companies, one privately held company, and a public accounting
firm. His undergraduate degree was in accounting, and he earned an MBA for his graduate
degree. He also has completed coursework for a PhD. in finance. He continues to be employed
by one of the Fortune 500 companies.
The author grew up in the Washington D.C. area but also lived for several years in Arizona. He
currently resides with his family on the East Coast.
The author has held various callings in The Church of Jesus Christ of Latter-day Saints.