Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
WASHINGTON — In a grim sign of the enduring nature of the economic slump, household income declined more in the two years after the recession ended than it did during the recession itself, new research has found.
Between June 2009, when the recession officially ended, and June 2011, inflation-adjusted median household income fell 6.7 percent, to $49,909, according to a study by two former Census Bureau officials. During the recession — from December 2007 to June 2009 — household income fell 3.2 percent.
Wow! Another record falls under obamanomics.
And this man claims the economy is getting better under his gentle ministrations?
I guess that could be claimed, if you IGNORE every single economic indicator out there.
Please note, in the graph below, when the household income began its free-fall. What we are seeing now is the fallout of Bush's recession. These things take time. However, you bring up a good point why the millionaires should be taxed fairly as the bottom 95% of income earners have paid a higher price in the past 5-10 years.
Please note, in the graph below, when the household income began its free-fall. What we are seeing now is the fallout of Bush's recession. These things take time. However, you bring up a good point why the millionaires should be taxed fairly as the bottom 95% of income earners have paid a higher price in the past 5-10 years.
BUSHBUSHBUSHBUSH!!
No way to spin this one.
You see, obama claimed his stimulus would help working families.
For the last year, he's gone flitting around the Us claiming his stimulus SAVED us from an even deeper recession....clearly, that is NOT the case.
Under HIS economic policies, life in the US is much more difficult.
And this man claims the economy is getting better under his gentle ministrations?
I guess that could be claimed, if you IGNORE every single economic indicator out there.
They did not have unemployment for two years back then, so maybe it actually even worse today, if they are counting unemployment compensation as income now.
And this man claims the economy is getting better under his gentle ministrations?
I guess that could be claimed, if you IGNORE every single economic indicator out there.
Please list one thing that Obama has done to cause salaries to fall.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.