Redistributing the wealth is a good thing and most Americans don’t understood why so many Republicans don’t think it is? Obviously, President Obama thinks exactly the same thing as, on his 11th day in office, he announced the creation of a Middle Class Task Force. The Middle Class Task Force will be headed by Vice President Joe Biden (this shows already that President Obama wants his VP to actually do something, unlike some of the past US presidents, whose VPs were nothing more than stuffed suits). The task force’s first meeting will be held on February 27th, 2009. The White House has also set up a separate task force website where you can go to leave suggestions about what you’d like to see the task force do.
President Obama, even while still Presidential Candidate Obama, mentioned over and over again the necessity to redistribute the wealth and to allow middle-class Americans to have a larger piece of the pie than they had under Republican presidents. As Vice President Joe Biden said in an op-ed piece in USA Today, “America’s middle class is hurting. Trillions of dollars in home equity and retirement savings and college savings are gone. And every day, more and more Americans are losing their jobs. For the backbone of America, it’s insult on top of injury. Over the course of America’s last economic expansion, the middle class participated in very few of the benefits. But now in the midst of this historic economic downturn, the middle class sure is participating in all of the pain. Something is seriously wrong when the economic engine of this nation – the great middle class – is treated this way. President Obama and I are determined to change this. Quite simply, a strong middle class equals a strong America. We can’t have one without the other.”
As anyone who has taken any kind of economics classes can tell you, this is just plain common sense. The more people that have more money, more of that money gets spent and the stronger the economy becomes. Allow the majority of that money to remain in the hands of the few and not the many, the few have all the power and the many are the ones who suffer. The few control every economic circumstance while the many will have to live with the consequences should anything go badly – and the present economic crisis should give anyone who is against redistributing the wealth a good example of why this is a bad thing.
The percentage of people who are in the middle class in America is usually said to be around 66%. The upper class or ‘rich’ is around 1%. President Obama’s Middle Class Task Force is desperately needed as it will help up to 66% of the population, or around 201 million Americans. The Republicans past programs overall helped only the upper class, around 3 million Americans. If you look at that rationally, which program is likely to be better not only for individuals but also for the economy? Which program is likely to be better for you?
In his op-ed piece, Vice President Joe Biden also mentioned the Middle Class Task Force would bring together many agencies under one umbrella organization, which would allow those agencies to work together with one goal – “To raise the standard of living standards of middle-class Americans.” The Middle Class Task Force will also be run in a fully transparent manner (unlike most programs operated by the Bush White House, which were shrouded in secrecy). The task force will be said to be successful once every day Americans start to reap the benefits of a newly thriving economy, an economy based on the strength of its majority, namely the middle class.
White House, A Strong Middle Class, White House
Wikipedia, American Middle Class
VP Joseph Biden, Time To Put Middle Class Front and Center (reprint viewable on White House blog)