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View Diary: Evidently Romney wasn't the numbers guy at Bain (136 comments)

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  •  Not exactly what he said... (5+ / 0-)

    Don't get me wrong - He is a miserable candidate and I object to just about every position he's take (well at least one of the positions he takes on every subject :-)).

    But it's not fair for the other side to take quotes out of context and so we should not stoop to that. Romney did not define "middle income as $200,000 to $250,000 a year."

    Technically, he said "No, middle income is $200,000 to $250,000 and less."  So he was setting 200k "to" 250k as the top end of the middle class.  

    Now clearly, neither $200k or $250k are the top end and that's something we can dispute with them. There is no formal definition that I'm aware of.  I read that USA Today broadly defined it as above $25k but less than $100k, which sounds about right to me (maybe a tad high at the upper end). The 50th percentile is around $42.3k.  So it's a question of how far we go +/- from that point that we should discuss.

    But it's not right to say he defined the middle class to be $200k-$250k. That's taking his quote out of context.

    "Truth is, everybody is going to hurt you. You just gotta find the ones worth suffering for." ~ Bob Marley

    by cyberKosFan on Fri Sep 14, 2012 at 09:30:45 AM PDT

    •  Except that he was arguing that (0+ / 0-)

      $100,000 was NOT middle class. It just shows he was talking out of both sides of his mouth.

      •  I believe he was saying that $100k (0+ / 0-)

        was not the top end of the middle class.

        You can disagree that a family of 4 earning $200k is middle class.  If you think about it $200k could be two nurses in San Francisco making $100k each...would you call them rich?

        •  Certainly not rich, but relatively well off. (0+ / 0-)

          a family of 4 earning $200k is still in the top 10% (probably closer to 7 or 8).  I don't personally think of that as middle class.  It's more lower upper class to me.

          "Truth is, everybody is going to hurt you. You just gotta find the ones worth suffering for." ~ Bob Marley

          by cyberKosFan on Fri Sep 14, 2012 at 09:49:35 PM PDT

          [ Parent ]

        •  There are a LOT of two-earner families in SF (0+ / 0-)

          and Silicon Valley earning around $100K each.  Lots and lots of them.

          Thing is, they may not feel "rich," but they wouldn't claim to be middle class either.

          In capitalist America, bank robs you!

          by madhaus on Sat Sep 15, 2012 at 01:42:14 AM PDT

          [ Parent ]

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