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"President Obama likes to talk about income inequality, but what matters far more is the actual income of the typical American. And how has the typical American household income fared on Obama's watch? Well, the economic "recovery" has now spanned an Olympiad, and during that time the typical American household income has not only dropped—it has dropped more than twice as much as it did during the recession.
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."
why talk about the money printing, the debt, the regulatory stifiling of business ,etc.when you can distract through divisiveness? i.e. the ole rich vs. poor game.
I am unaware that any POTUS has the ability to single-handedly turn things around.
Competition and technology have hammered away at middle class jobs for the past almost 50 years. No one is willing to pay a premium for made in the U.S.A., just so U.S. people can have a better standard of living.
Bubble economies and wars created artificial and temporary boosts to the economy.
The public sector, federal, state, county and municipalities have shed more jobs than any other sector and will likely continue to do so going forward. Continued cuts will impact recovery and continue to put increased downward pressure on wages because the demand for jobs far exceeds the supply of jobs.
Food services and retail have been the nation's largest employers for a long, long time. These sectors are historically known for part time , low wage work.
Large corporations have had record profits and clearly do not need to hire or pay more to sustain those profits.
Regardless of how one feels about welfare benefits, one cannot deny that it puts a substantial amount of money into the economy and employs people.
Regardless of how one feels about foreign aid, offshore military bases and defense spending, it puts a lot of money into the economy and employs people.
Average individual, household and corporate tax rates are lower than at any time in modern history. How's that " trickle down" working?
Right now is an accumulation of all that came before. There has been only one year in this nation's history that it did not have debt and that was about 140 years ago.
Congress is not interested in Jobs Bills. Congress has no interest in increasing the federal minimum wage. Congress seems not to have any interest in much of anything that does not protect special interests. Killing the ACA means the loss of more public and private sector jobs.
The population is aging.
Several economists predicted all along that the U.S. would enter another recession before recovering from the prior recession and that back to back recessions would likely occur going forward, regardless of who is in the white house.
What would you do, under these circumstances, to "recover"?
"President Obama likes to talk about income inequality, but what matters far more is the actual income of the typical American. And how has the typical American household income fared on Obama's watch? Well, the economic "recovery" has now spanned an Olympiad, and during that time the typical American household income has not only dropped—it has dropped more than twice as much as it did during the recession.
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."
why talk about the money printing, the debt, the regulatory stifiling ofbusiness ,etc.when you can distract through divisiveness? i.e. the ole rich vs. poor game.
I missed something .What new federal regulations stifle business?
The U.S. could eliminate all labor and wage laws. How would this increase employment and pay people more?
The U.S. could eliminate all environmental and employee safety laws. How would this increase employment and pay people more?
It sounds like an Express Train towards third world status.
The only people recovering are the plutocrats who are glad we're finally returning to the Gilded Age. Soon there wont be any pesky middle class or unions to stir up trouble.
"President Obama likes to talk about income inequality, but what matters far more is the actual income of the typical American. And how has the typical American household income fared on Obama's watch? Well, the economic "recovery" has now spanned an Olympiad, and during that time the typical American household income has not only dropped—it has dropped more than twice as much as it did during the recession.
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."
I am unaware that any POTUS has the ability to single-handedly turn things around.
Competition and technology have hammered away at middle class jobs for the past almost 50 years. No one is willing to pay a premium for made in the U.S.A., just so U.S. people can have a better standard of living.
Bubble economies and wars created artificial and temporary boosts to the economy.
The public sector, federal, state, county and municipalities have shed more jobs than any other sector and will likely continue to do so going forward. Continued cuts will impact recovery and continue to put increased downward pressure on wages because the demand for jobs far exceeds the supply of jobs.
Food services and retail have been the nation's largest employers for a long, long time. These sectors are historically known for part time , low wage work.
Large corporations have had record profits and clearly do not need to hire or pay more to sustain those profits.
Regardless of how one feels about welfare benefits, one cannot deny that it puts a substantial amount of money into the economy and employs people.
Regardless of how one feels about foreign aid, offshore military bases and defense spending, it puts a lot of money into the economy and employs people.
Average individual, household and corporate tax rates are lower than at any time in modern history. How's that " trickle down" working?
Right now is an accumulation of all that came before. There has been only one year in this nation's history that it did not have debt and that was about 140 years ago.
Congress is not interested in Jobs Bills. Congress has no interest in increasing the federal minimum wage. Congress seems not to have any interest in much of anything that does not protect special interests. Killing the ACA means the loss of more public and private sector jobs.
The population is aging.
Several economists predicted all along that the U.S. would enter another recession before recovering from the prior recession and that back to back recessions would likely occur going forward, regardless of who is in the white house.
What would you do, under these circumstances, to "recover"?
Barry ran for office claiming that HE had the ability to get things done. WE knew better when we saw his non-existent resume of past experience.
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Obama's "recovery" from the recession
