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The Washington Post reports that the answer to the question "are you better off than you were four years ago" isn’t just no, but hell no.
Household incomes have dropped 4.8% during the Obama recovery, and are now at a level below the recession:
Quote:
Household income is down sharply since the recession ended three years ago, according to a report released Thursday, providing another sign of the stubborn weakness of the economic recovery.
From June 2009 to June 2012, inflation-adjusted median household income fell 4.8 percent, to $50,964, according to a report by Sentier Research, a firm headed by two former Census Bureau officials.
But — but — but — Obama inherited this decline, right?
Quote:
Incomes have dropped more since the beginning of the recovery than they did during the recession itself, when they declined 2.6 percent, according to the report, which analyzed data from the Census Bureau’s Current Population Survey. The recession, the most severe since the Great Depression, lasted from December 2007 to June 2009.
Overall, median income is 7.2 percent below its December 2007 level and 8.1 percent below where it stood in January 2000, when it was $55,470, according to the report.
And while the decline differs by employment type, it turns out no one is better off than they were at the beginning of the recovery. However, one class managed to do less worse than the others:
Quote:
Households led by the self-employed saw their income drop 9.4 percent, to $66,752, the report said. Households headed by private-sector employees saw wages drop by 4.5 percent, to $63,800, and households led by government workers saw median income decline by 3.5 percent, to $77,998, the report said.
Yes, you read that right. Government-worker households earn 17% more than the self-employed, and 22% more than private-sector workers. They also suffered less of a decline than those other classes of workers.
What did Barack Obama say at the beginning of summer?
The truth of the matter is that the Obama “recovery” feels like a recession because on a household-income basis, it is. And compared to the private sector, it’s the public-employee households that are “doing fine."
Sorry. You may be wasting your time with this very intelligent post. The obamalovers are fixated on the most important issue plagueing the American people right now! They are focusing on the #1 issue of abortion which greatly affects each and every American everyday! They can't be bothered by the economy decline. Who cares about jobs when there is some guy not running for President that is saying stupid things about abortion!."
Sorry. You may be wasting your time with this very intelligent post. The obamalovers are fixated on the most important issue plagueing the American people right now! They are focusing on the #1 issue of abortion which greatly affects each and every American everyday! They can't be bothered by the economy decline. Who cares about jobs when there is some guy not running for President that is saying stupid things about abortion!."
Obama has no choice but to make the election about anything other than the economy.
He said it himself in 2008......when a candidate cannot run on his record, he makes the election about silly little things.
You may have a point if Obama had been responsible for causing the recession, but he didn't, so you don't.
Liberals have such great reading skills, don't they?......
But — but — but — Obama inherited this decline, right?
Quote:
Incomes have dropped more since the beginning of the recovery than they did during the recession itself, when they declined 2.6 percent, according to the report, which analyzed data from the Census Bureau’s Current Population Survey. The recession, the most severe since the Great Depression, lasted from December 2007 to June 2009.
Overall, median income is 7.2 percent below its December 2007 level and 8.1 percent below where it stood in January 2000, when it was $55,470, according to the report.
I don't like Obama because of his disregard for the laws of our nation and for his communist leaning, but I think we should all be aware that our economic problems began with Clinton and NAFTA and the Hispanic influx which I think started with Bush, Sr. and his blind eye to people that were like his daughter-in-law.
Electing a Republican will not clear out these illegals. They love them because they work for little and the government is now paying for the rest companies should be paying them. Both parties are bad for this country. Republicans brought illegal immigrants here and the Democrats are charging the middle class to take care of them.
We need to do away with NAFTA, close the border and ship out anyone that is undocumented, and I am also talking about those that Obama has tried to document. Then we need to put tariffs on products that are competing with our workers coming from other countries. This world economy stuff is for the birds. Let it fly away. Our country is better than that.
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They can't be bothered by the economy decline. Who cares about jobs when there is some guy not running for President that is saying stupid things about abortion!."
