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Is President Obama failing the middle class?

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    White House unable to stop falling incomes

  • Duration 3:21
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-- number four years ago candidate Barack Obama promised to boost the middle class.

He railed against President Bush for falling incomes under his watch as the financial crisis was beginning to take hold across the country.

Well now Bloomberg is reporting the Obama administration has not been able to stop the slide.

The middle class continues to.

Bloomberg reporter Mike downing writes the rebound from the worst recession since the 1930s has generated relatively few of them moderately skilled jobs that once supported the middle class.

Tightening the financial squeeze on many Americans even those who are employed.

So what does all this mean for the middle class vote come November with us now chief political correspondent for The Washington Times Byron York.

He is also a Fox News contributors so the Obama administration.

Has not stopped the slide in not in terms.

Of employment among middle class people.

Not at all John according of this new article you remember in the campaign President Obama or then Senator Obama.

Was talking about how middle class incomes -- fall of 2000 dollars.

Average.

Under president George W.

Bush will have fallen 4300.

Dollars.

And -- bombing years and 2900 dollars if you only count since the recovery began.

In mid 2009.

So it if president Obama's point was that under his.

Administration middle class incomes would go -- hadn't happened well.

Is there a definition of middle class what are we talking about here.

Well we're talking about about the middle 60%.

Of income people who make up to about a 100000 dollars.

And the problem.

Four the president in this recession is.

So many of the job losses were focused in the middle income areas they really got whacked.

In this Great Recession and in the recovery.

A lot of the job increases.

Have been in high skill high paying positions or in the lowest paying industries I think that Bloomberg article makes that pretty.

Pretty clear and so you have this group in the middle that he -- got hit hard by the recession.

And it's not really taken advantage of the recovery.

Those are going to be a lot of the independent voters as Mitt Romney and President Obama are going to be trying to target in the campaign so places like.

Detroit in the automotive industry -- -- the president's been bragging lately about having saved GM but a lot of those jobs it in and production of automobiles and things like that.

Those have just gone away.

Well they -- of course that's a special industry in which there was actually a bailout so for so much for the middle.

Class there was never any bailout at all and I think what you're gonna hear Republicans saying -- Romney say.

It is in 2009 we we know the Barack Obama inherited a terrible economy no doubt about that.

And in 2009 when Americans were desperate for the president to devote all its time.

To creating jobs to fixing the economy.

He instead devoted an enormous amount of time to far reaching Health Care Reform bill.

That turned out that it barely passed but it turned out to be very expensive.

Intrusive and who knows it might be unconstitutional as well we'll find out about that.

This summer from the Supreme Court but you're gonna hear the case over and over from Republicans.

That when America was desperate for work on the economy President Obama was doing something else Byron York from the Washington examiner.

-- thanks thank you John.

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