Obama steps into his second inaugural promise to turn around the decline in Central America. But the promise is in danger.
President Barack Obama, who said that his "one seat" in the second phase was to help middle class families, has sworn in the Office with many obstacles to increase the standard of living of most Americans.
Most Americans began this year with a cut in salary as the Congress a temporary 2 percentage point reduction in the payroll tax, which comes to an end. Influence of workers get wage increases will be limited for years, competition from the swollen ranks of the unemployed Americans as Forecasters expect the unemployment rate will remain at or above 7% to 2014.
Even with the bright spots as a sign of strength in the housing sector and the energy boom, which is a reduction in the cost of fuel for manufacturers of forecasters predict slower expansion as an increase in federal taxes and spending reduces the growth and demand for exports drops, with the weakening of the global economy. While the US economy advanced at a rate of 3.1% in the third quarter, the growth of just 2% can be seen this year, according to the median estimates of economists surveyed by Bloomberg.
At the same time, Obama faces a United Republican opposition to his agenda and pressure on federal spending.
"The President is still fundamentally on the defensive," said Damon Silvers, policy Director for the AFL-CIO Labor Federation. "Its main task is to avoid were forced to austerity measures that will damage economic recovery or capacity of our Government to serve the people."
Obama was in his first term to counter inherited a recession that drove the majority of Americans. His second term begins the struggle just to hold the line against the Republicans in the House most of the pressure to cut benefits to Medicare and social security, which many Americans rely on.
The impending battle over the budget, the limit of legal debt and automatic spending cuts in the round at the end of February to limit the freedom of Obama's other priorities to increase infrastructure spending to stimulate economic growth.
Pieces of his economic agenda are most likely to increase the middle class standard of living in the near term are "parts that look like they go nowhere," said Larry Katz, a Professor of Economics at Harvard University. These include plans for infrastructure Bank and tax breaks for new employees.
"Left alone," said Katz, the economic recovery is likely to continue building "a halfhearted, a small improvement" in middle-income workers standard of living "but not enough to really offset poor performance since the end of the 1990s."
Middle class American workers--defined one of the measures as a household with an annual income of 50% of the national, or between about $ 25,700, and $ 77,000--facing a four decade-long erosion in living standards. He was interrupted by a rare period of rising profitability in the fast-growing economy, a second term to President Bill Clinton, Katz said.
The actual average household income climbed to $ 54,932 in 1999 from $ 50,661 in 1996 based on constant dollars, maxima from the 2011 Census in the United States began reporting the data in 1967.
By contrast, the average household income in November 2012 was $ 51,310: 3.850 dollars lower than when Obama took office in January 2009, according to an analysis of the census data, economic research consultancy Sentier company in Annapolis, MD
Clinton's second term gross domestic product has grown at an average of 4.3% and the unemployment rate averaged 4.4%. Formed a tight labour market, provided that the staff use to press for higher wages.
Clinton also won Congressional passage of a two-stage increase in the minimum wage that took effect in 1996 and 1997, creating more pressure on payment; The Federal minimum wage has not been increased since 2009, entry into force of the last step of increasing wages, signed by President George w. Bush.
Profit at the end of the 1990s, are eclipsed by the decades exerted a pressure on wages.
Median wages for men between 25 and 64 fell by 19% to $ 34,000 a year--since 1971 until 2011, after accounting for inflation, an analysis by Michael Greenstone, a Professor of Economics, Massachusetts Institute of Technology and Director of the Hamilton project, a Washington research group affiliated with the Brookings Institution.
The impact of the decade-long slide in wages was initially padded in many families, a growing number of women who went to work and later to his own House, that families borrowed against in the run-up before the real estate bubble burst in housing prices.
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