9/14/12, “The Washington Post notes in an article entitled “Census: Middle class shrinks to an all-time low“: “The vise on the middle class tightened last year, driving down its share of the income pie.”…”Bloomberg reports that income inequality has grown to the highest level since 1967.”
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11/7/12, “Obama Wins 8 of the Nation’s 10 Wealthiest Counties,“ CNBC, P. Toscano
“In an election that often focused on debates about class warfare, President Barack Obama was favored over multimillionaire businessman Mitt Romney in eight of the nation’s 10 wealthiest counties. And his margin of victory in all eight counties was greater than that of the national vote, in which Obama was leading by 50 percent to 48 percent with 97 percent of precincts reporting.
The findings are based on a CNBC.com analysis of Census Bureau numbers on average annual household income from 2006-2011 and results from Tuesday’s elections.
The 10 richest counties accounted for 1,337,700 votes, or about 1.1 percent of the national popular vote.
In the richest, Massachusetts’ Nantucket County, where average annual household income is over $137,000, Obama won by 63 percent to Romney’s 36 percent with all precincts reporting. The richest county in Romney’s home state is also where, just prior to accepting the Republican nomination, the former Massachusetts governor held a $75,000-per-person dinner fundraiser.
In none of the richest counties was the margin of victory wider than in California’s Marin County, just north of San Francisco, where the president won by 74 percent to 23 percent, with all precincts reporting. In Marin, the average annual household income is $128,544.
The two richest counties where Romney won were in New Jersey: adjacent Hunterdon and Morris counties in the northern part of the state. Romney won in Morris by 55 percent to 44 percent and in Hunterdon by 59 percent to 40 percent. However, Somerset County, which abuts Hunterdon and Morris, went to Obama by 53 percent to 47 percent.”
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2 free republic commenters suggest why the rich like radical left presidents:
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“I have some very wealthy family members and they are all far left liberals.
1. They believe the Federal Government should help people. NOT them. Not their time, talent or money. But somebody else should do it. They support every big/all government programs as it helps their guilt for having so much.
2. NONE of them believe that ANY of these programs will affect them. Wait in line for a doctor? Not a chance in hell. Section 8 housing? Not in their neighborhood. Private schools for all their children. Government programs are for the little people.
3. Taxes? They have armies of accountants and lawyers and shield nearly all of their assets and income. Taxes are for the little people.
4. They honestly believe they are doing God’s working supporting Obama.
18 posted on Wednesday, November 07, 2012 9:49:05 PM by 2banana”
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and
“when you serve the ultra rich and the poor, you know where it leaves the middle, working class….I’ve always said that “taxing the rich” is really code for “taxing the middle”….in some way, somehow, they’ll figure it out..”
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9/14/12, “Middle Class Shrinks to ALL-TIME LOW,” Zero Hedge, George Washington
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