Since 2009, 88 Percent Of Income Growth Went To Corporate Profits, Just One Percent Went To Wages.

Ed asked Johnston how it was that Americans don't get this and Johnston countered that the polls show that they do and said the real question is why is President Obama continuing to treat Republicans as though we're in some “post-partisan” America where everyone's going to get along and asked why he wasn't calling out Republicans more sternly for putting the entire country at risk and “distorting the economy on behalf of very few people.”

After warning that what we may have to look forward to is pretty much the elimination of our middle class in America if something doesn't change, Dr. Peterson did point out on the president's behalf that it's good to keep in mind just who he's dealing with and just how radical the Republican Party has become and all of them acknowledged that he can't seem to win for losing when he does come out strong and he also is dealing with a great deal of misconceptions by the public due to the huge amount of misinformation that's been disseminated out there.

That said, his refusal to draw lines in the sand with Republicans in public and news like this, doesn't give me any comfort that this is going to end well for average Americans - In debt talks, Obama offers Social Security cuts.

I take anything coming out of the media right now with a grain of salt and the devil is going to be in the details of course when any deal is finally made, so I'll hold my fire until we see what happens and what ends up being agreed to during these negotiations. That said, if what was reported in that story is true, and if President Obama thinks making any cuts to Social Security is going to help him get reelected, he's sadly mistaken.