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I Wish I was Middle Income!

LarianLeQuella said:
http://www.businessweek.com/ap/2012-09-14/romney-says-middle-income-250k-and-below



Man, this guy is living in a fantasy world. If you are over $150K a year, doesn't that even put you in the top 5-7%?
Click to expand...

I guess if you lived off of daddy's millions and steeling all your life then a mear $250K is chump change.

cue the republican sycphants of the forum in 3 2 1 coming up with some unphantomanble explanaition how the
these numbers are all just created by the liberal media
http://en.wikipedia.org/wiki/Personal_income_in_the_United_States
http://www.huffingtonpost.com/2012/09/12/us-poverty-census_n_1877197.html?utm_hp_ref=business


How the hell does this guy tie his shoes in the morning being so out of touch with reality.
I thought Bush's no clue on a gallon of milk was bad.

If Obama's people don't start blasting the airwaves with this they're morons.
 
LarianLeQuella said:
Man, this guy is living in a fantasy world. If you are over $150K a year, doesn't that even put you in the top 5-7%?
Click to expand...

Two questions:
1) Why don't you look that up yourself?
2) How big is your "middle"? Is it wrong to define "middle" as being bigger, or smaller, than however you define it?
 
timhau said:
What sort of a semantic game is this? Isn't "middle" in the context of "middle income" something like "around median", and not "4 to 5 times median"?
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"Middle income" is a range. One should expect that this range covers the median (or mean), but how far out from the median (or mean) should it extend? Should it be from 99% of the median to 101% of the median? That would be rather too narrow, wouldn't it?

So what's the range? And why?
 
timhau said:
What sort of a semantic game is this? Isn't "middle" in the context of "middle income" something like "around median", and not "4 to 5 times median"?
Click to expand...


Oh, I've got that one. It's a transparent semantic game borne out of desperation.
 
Tony said:
This is the same guy that said $300,000+ is "not very much". Romney is the epitome of an out-of-touch politician.
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I assume just about any career politician in a high office will become out-of-touch sooner or later, but most of them manage to hide it. Romney displays it over and over again. Maybe someone should tell him to always remove at least one zero if you're talking about ordinary people money.
 
timhau said:
What sort of a range is "$200,000 to $250,000 and less"?
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http://www.census.gov/prod/2012pubs/p60-243.pdf
HOUSEHOLDS
All households
Type of Household
119,927 $50,831 552 for 2010
121,084 $50,054 413 for 2011

The median income for a marired couple BOTH working above. So $200k is a min of FOUR TIMES HIGHER than then median income. Given Wrongny the benefit of the doubt (highly unlikely as it may be) that he was talking about a married couple both working.


That's well beyond median income any way you ******** it.
 
Ziggurat said:
"Middle income" is a range. One should expect that this range covers the median (or mean), but how far out from the median (or mean) should it extend? Should it be from 99% of the median to 101% of the median? That would be rather too narrow, wouldn't it?

So what's the range? And why?
Click to expand...

You're the one defending Romney, so feel free to enlighten us why it should be 400-500% of the median. That's the range he's giving in his oddly-worded sentence, because $100,000 (200% of the median) doesn't fall within it.
 
Ziggurat said:
Two questions:
1) Why don't you look that up yourself?
2) How big is your "middle"? Is it wrong to define "middle" as being bigger, or smaller, than however you define it?
Click to expand...


1) Because I wanted to see discussions. I already know that the Cnesus established median income in the US at the $50K/year range, and I also knew that $150K is indeed in the top 5-7% (as others pointed out). I just wanted to highlight the ludicrousness of his statement on any level.
2) A simpple bell curve with a standard deviation should count for middle. Heck, I'll cut Romney some slack, and give him two standard deviations, and he still isn't close...

Didn't Rockefeller make a simmilar gaffe back in the late 60s or 70s?
 
Ziggurat said:
"Middle income" is a range. One should expect that this range covers the median (or mean), but how far out from the median (or mean) should it extend? Should it be from 99% of the median to 101% of the median? That would be rather too narrow, wouldn't it?

So what's the range? And why?
Click to expand...

WOW, is this yet another example of republitard math?
So according to YOU 4-5 times the median income is still middle class!? IF you claim this, you must also have to own that going the other way also applies SO
1/4th to 1/5th of the median income of $50K is STILL middle class accourding to you!

That's an income of $10-$13K for 2! YET according to the latest reports on poverty in the
US, an income For last year, the official poverty line was an annual income of $23,021 for a family of four
Click to expand...


So please stop pretending that this statement from Wronglny is anything but totally and completely out of touch with reality and exeplifies just how little he adn the right in general know or care about the less than wealthy of this country.
 
Well, according to Wikipedia, the top 5% of Upper middle class starts around $166,200 for households, $100,000 for individuals. That's about 20 - 50% less than the numbers Romney was throwing around.
 
Let's be fair to Romney. He was including the interest income most middle class people make from their trusts in the Cayman Islands.
 
The only definition of "middle income" that includes more than $200K is if you are talking about the middle 94% of the country.

If you think that 94% of the country is middle income, then it can extend out to $200K. And down to $5K.

So Mitt thinks the middle class makes from $5K to $200K.
 
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