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New estimates derived from the Census Bureau’s Current Population Survey by Sentier Research indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the “recovery,” after having fallen by 1.8 during the recession. During the recession, the median American household income fell by $1,002 (from $55,480 to $54,478). During the recovery—that is, from the officially defined end of the recession (in June 2009) to the most recent month for which figures are available (June 2013)—the median American household income has fallen by $2,380 (from $54,478 to $52,098). So the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama “recovery” began.
As a result, 121% of the gains in real income during Obama’s recovery have gone to the top 1%. By comparison, the top 1% captured 65% of income gains during the Bush expansion of 2002-07, and 45% of the gains under Clinton’s expansion in the 1990s.
What? It's only been 5 years. The Great Leap Forward is a ten year plan.
Comrade Obama urges patience, grasshopper. Mao's Great Leap Forward was a 30 year plan. 10 years is a pittance in comparison. I picked 10 because obviously 5 wasn't enough. It sucks to have to wait, but following the leap comes the landing, and as it stands now, we won't clear the gutter.When "leaping forward" takes ten years, who's got time for that? Some marriages don't last that long! We are an "instant gratification" society these days! :2dance:
Why dont these lazy people with declining incomes work longer and or find better paying jobs
http://www.debatepolitics.com/gener...od-workers-urged-stage-nationwide-strike.html
That is the advice given to the fast food workers in the thread above is it not (from a significant number of posters). Why should other workers be given a pass. They should just develop new skills and get a better job.
Now don't get me wrong. I am no friend of
Obama's. But considering the state of the economy, the size of the debt and fixed costs when he took over? He has not done so badly yet. We may really hit a bad patch, when the FED stops buying Treasuries and the debt has to be reduced. But so far it has been relatively smooth riding.
But in all honesty, do you think we can get out of the mess we are in without some real pain? If you do, I hope you are right.
Well he's got you snowed.
To think we NEEDED to go through a painful cycle at all ( other than the consequences of the Democrat mandated sub-prime bubble) just shows how detached from reality you are.
Ask the 20 plus million who have moved onto the food stamp rolls, or the millions of people who have fallen into poverty.
Obama has made things worse on a exponential scale and as long as idiots comprise the majority of our electorate things are going to cintinue to get even worse.
Democrat mandated
sub-prime bubble?
Surely, you jest, or else have been taken in by people equating the fair housing act and the end of redlining as tantamount to mandating that the banks sell houses to people who can't afford them.
Ah, your'e ignorant. Ok, no problem, I can provide plenty of data to show you that my description is accurate.
You know, stuff like Clintons numerous Executive orders that made up his 1995 National Home Owners Strategy, and his appointment of criminal Democrat politicians to run the GSEs ( Franklin Raines )...
But before I post page after page after page of data, let me ask you something.
If " redlining" was legitimate, that is people were being refused credit soley on the basis of skin color, WHY did they have to lower lending standards to combat it ?
While this is an "independent" journal with an obvious agenda, the fact of the matter is that anyone can see it's a lot harder to earn a decent living than it was ten or twenty years ago.
And yet, the people with real money seem to be doing very well in earning even more income.
And this is due to liberal politics? Really? Somehow, that just doesn't make sense to me.
Blind partisanship does that to people. The "recovery" was always directed at filling the pocket books of the rich, from bond buying, to bailouts for billionaires; the Obama administration was never a "real" friend of the middle class.
The quotes are quite clear, under Obama the rich gained almost twice as much of the economic gains as they did under Bush, and three times as much as they did under Clinton. Agenda or not, I'm not seeing you dispute their facts.
Now don't get me wrong. I am no friend of Obama's. But considering the state of the economy, the size of the debt and fixed costs when he took over? He has not done so badly yet. We may really hit a bad patch, when the FED stops buying Treasuries and the debt has to be reduced. But so far it has been relatively smooth riding.
But in all honesty, do you think we can get out of the mess we are in without some real pain? If you do, I hope you are right.
0bama's handling of the economy is like bringing in a relief pitcher in the bottom of the 9th, with the bases loaded, in a tie ball game
...and he hits the batter on the first pitch he throws.
But we knew he was not very experienced, when we made him president. We can't really blame him for that.
Well he's got you snowed.
To think we NEEDED to go through a painful cycle at all ( other than the consequences of the Democrat mandated sub-prime bubble) just shows how detached from reality you are.
Ask the 20 plus million who have moved onto the food stamp rolls, or the millions of people who have fallen into poverty if its been a "smooth ride".
Obama has made things worse on a exponential scale and as long as idiots comprise the majority of our electorate things are going to cintinue to get even worse.
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