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The economy has become more unequal under Obama. "For four and a half years, Mr. Obama has focused his policies on reducing inequality rather than increasing growth," the Journal notes. "The predictable result has been more inequality and less growth." The rich have done well; the middle class has struggled.
Middle class incomes have fallen under Obama. The Journal points out that median real household income has fallen by 5%--not just since the start of the recession under George W. Bush, but also since the start of the economy recovery in 2009, for which Obama and the Democrats have often claimed sole credit.
The administration has constantly failed to meet promises of faster growth. Contrary to Obama's cherry-picked statistics in his recent speech, the Journal reminds readers that the Obama recovery is "one of the weakest on record," despite repeated rosy projections by the White House and the media of fast growth.
Obama has made entitlements are a drag on the middle class. The Journal focuses on ObamaCare, which has hurt job creation and created uncertainty. It could have also mentioned the failing state of Social Security and Medicare, which Obama has failed to reform, and the future cost of Obama's staggering debt.
Even Obama's few pro-growth initiatives are not serious. Despite the Journal's early, enthusiastic support for immigration reform as an engine for expansion, the authors of the editorial finally admit: "we're not sure [Obama] wants even that to pass...he may be setting it up to use as a campaign wedge in 2014."
I guess you missed the part about the election of 2012 ....... there is a substantial portion of the USA who actually "like" all this. That's the problem that should be addressed.
Obama is Obama, he is all about Obama ...... everyone knows this ...... and they still don't care.
I would not expect to see a substantial increase in median income, adjusted for inflation, for a long, long time, regardless of who is sitting the oval or holds the majority of the house or senate because of the aging population.
10,000 people a day began turning 65 in 2010. This trend is expected to continue for the next 20 years.
Last edited by middle-aged mom; 07-28-2013 at 10:02 PM..
Obama did not start it; its been going on since Mid 60's under Johson. The wealth sharing in reality has meant less skilled workers available. Now they see Mexican illegals as vital to the economy while see more citizens not contributing and becoming dependents in larger numbers.Never listen to what they say ;see what the result so what they do is.
1. incomes decreased 7% under Obama
2. The number of unemployed Americans has increased under Obama
3. personal savings (except for the 1%) have declined under Obama
4. Food stamp usage is up under Obama
5. those Americans living in poverty is up under Obama
Tell me.............................. how has America benefitted from Obama?
I guess you missed the part about the election of 2012 ....... there is a substantial portion of the USA who actually "like" all this. That's the problem that should be addressed.
Obama is Obama, he is all about Obama ...... everyone knows this ...... and they still don't care.
Very true. He's like a kardashian. No talent but he'a pop celebrity. They voted for him because he was entertaining on letterman, they would vote as readily a kardashian.
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Obama's devastating attack on the middle class
