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Originally Posted by kirbyfan
My wife and I are middle class and we have never made as much money as we do now. The last 6 years has been excellent and virtually every person I can think of is better off right now financially than they were 6 years ago...
I dont think the economy is going to be a major issue.
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You could be right, but there is a lot of anxiety out there. Corporations switching from defined benefit to 401k retirement accounts, employees having to pay a larger amount for their portion of health insurance - when it is a benefit, and it is a primarily employer-paid benefit for a smaller proportion of the work force with each passing year.
Jacob Hacker calls it the Great Risk Shift, and the shift is onto the shoulders of the individual or the family. No wonder there is great anxiety.
Even the relatively well off, who maybe want to retire early feel locked in solely due to the cost of health care.
Meanwhile we have the daily reports on the carnage in the subprime mortgage market, the dollar continues to weaken and there is uncertainty.
A candidate who can tap into those issues may find that it resonates with a pretty good part of the electorate.