Flashback to Feb. 2012: Newt Gingrich was mocked and worse by Obama and company for saying $2.50 gas was possible, but it's happening right now

Newt, deservedly doin' The Mussolini

Obama called Gingrich's promise of $2.50/gallon gas a "phony election-year promise" in 2012 here. The White House spokesman lying shill Jay Carney chimed in calling it a lie, here. Pure projection syndrome.

Two and a half years later and everywhere across this country the price of gasoline is plummeting toward an average of $2.50 and lower because of the success of drill-baby-drill-fracking on private lands, and the Feds haven't had one damn thing to do with it.

The average price in Grand Rapids, Michigan, tonight is $2.539 with prices falling. Smart shoppers at Sam's Club here tonight can get gas for $2.469. Prices in many southern tier states of this great country are already paying well below $2.50, for example $2.20 in Texas City, TX, $2.25 in Memphis, TN, and $2.30 in West Monroe, LA. Go duck men, go.

Newt Gingrich was right. Obama and company are idiots.

About 20 million Americans have dropped out of the middle class under Obama as lower class explodes by 50 million

In 2008 53% of the population considered itself middle class, about 161 million Americans, according to the Pew data referenced here and here.

But in 2014 only 44% consider themselves middle class any longer, almost 140 million based on current population. That means about 20 million have dropped out of the middle class during the Obama presidency so far.

Where'd they go?

Well, not up. The upper class has also declined, about 16 million, from 21% of population in 2008 to 15% in 2014.

The only class seeing an increase is those self-identifying as lower class, and that has exploded from 25% of population in 2008 to 40% in 2014. That's up over 50 million, from 76 million in 2008 to 127 million in 2014.

Americans who say they are middle class has never been lower, falling from 53% in 2008 to 44% in 2014

Pew reported here in January:

The nationally representative survey of 1,504 adults conducted Jan. 15-19 found that the share of Americans who identify with the middle class has never been lower, dropping  to 44% in the latest survey  from 53% in 2008 during the first months of the Great Recession.