Personal Income falls 3.2% during Obama's first 15 months (wages, dollars, biased)

[sanrene]

Now, we all remember what candidate obama said on the campaign trail, don't we? That under Bush, family income went down $2000 - where he got that analysis, no one knows. According to the BEA, per capita income rose during Bush's two terms.

Remember when obama said this:

"All in all, many middle-class families will see their incomes go up by about $3,000 because of the Recovery Act."

So far, he is a bit off in his projections. Once again, it is clear the Failed Stimulus did not have the impact that obama intended, not even close.

Income falls 3.2% during Obama's term - Washington Times

"Under President Obama, only federal spending is going up; jobs, business startups, and incomes are all down. It is proof that the government can't spend its way to prosperity."

While disposal income during Mr. Obama's term has risen $2.5 billion, extra cash for Americans rose $113 billion over Mr. Bush's first 15 months in office.

$1+ Trillion, circling the drain.

[AnUnidentifiedMale]

Originally Posted by sanrene

According to the BEA, per capita income rose during Bush's two terms.

Per capita income is meaningless to individuals. Real wages fell during the Bush years, just as they've been falling since the 1970s.

From 2006: http://www.nytimes.com/2006/08/28/business/28wages.html

[70Ford]

Originally Posted by sanrene

Now, we all remember what candidate obama said on the campaign trail, don't we? That under Bush, family income went down $2000 - where he got that analysis, no one knows. According to the BEA, per capita income rose during Bush's two terms.

Remember when obama said this:



So far, he is a bit off in his projections. Once again, it is clear the Failed Stimulus did not have the impact that obama intended, not even close.

Income falls 3.2% during Obama's term - Washington Times





$1+ Trillion, circling the drain.

THe stimulus faield because it made the stock market rise to 11,000.

Billions of dollars in retirement funds restored.

Billions. But you're right, if yuo don't get a check from the government for 3k, it's pretty much Obama's fault. I can agree to that. I hear some people on this board want him to give them a job and a free house, too.
Seems you want him to give people 3K.

Question.

DO you want Obama to give people a free 3k?
DO you not want Obama to give people a free 3k?

Tell me, in which case would Obama be right?

[sanrene]

He should be held accountable for the drop in personal income, just like he and the Left held the previous administration accountable and capitalized politically on the situation.

Bad for thee, but not for he.

[starhawk18]

So what.....what will you blame Obama for next?

[sanrene]

Do you have anything worthwhile to say about the topic?

If not, maybe you should refrain from posting.

[pbrauer]

Originally Posted by sanrene

Income falls 3.2% during Obama's term - Washington Times.

WOW! The Moonie Times, such unbiased reporting </sarcasm>

[sanrene]

From the BEA website.

What, do you think they make up the numbers?

[AnUnidentifiedMale]

We've just been through the worst recession since the Great Depression, so I doubt any sane person would be surprised to learn that personal income has decreased.

The recession began while Bush was still in office, so if you're going to blame Obama for the decrease in personal income, you have to blame Bush for starting the recession.

[sanrene]

Originally Posted by AnUnidentifiedMale

We've just been through the worst recession since the Great Depression, so I doubt any sane person would be surprised to learn that personal income has decreased.

The recession began while Bush was still in office, so if you're going to blame Obama for the decrease in personal income, you have to blame Bush for starting the recession.

This was nowhere near as severe as the GD. If not for the financial collapse, it would have been a recession pretty much like any other.

You do realize we have one about every 8-10 years, don't you?