Krugman: Obama and the One Percent

[hfojvt]

92. and then President Obama let it expire

and it has not been heard from since.

Funny I didn't remember campaign Obama saying "it will just be for two years" when he proposed the MWP credit.

I said it was abandoned by President Obama, and it was, at the end of 2010.

And I have this bizarre notion that everybody does not live in Queens.

Here's some data for the STATE of New York.

http://www.itep.org/pdf/ny.pdf

80% of households making less than $95,000
60% of households making less than $56,000

Yeah, when you make more than twice as much as half of the state, then you are richer than the average bear.

But let's look just at NYC, or its suburbs, where even richer people live.

http://www.itep.org/pdf/ct.pdf

80% of households making less than $116,000
60% of households making less than $73,000

Straight-line that and it means that 72.5% of households make less than $100,000 - even in the suburbs of NYC. And 40% of households there make less than $44,000. Even in Connecticut, $100,000 a year is the HIGH end of the upper middle class.