Skip to comments.Obama’s policies are killing the middle class
Posted on 01/10/2012 5:16:54 PM PST by Starman417
Barack Obama is entirely predisposed to claiming that he inherited a an economic mess, and it in truth, he did. He did assert that he could fix the economy in three years and implied that he perhaps ought to be limited to one term if he did not deliver.
[VIDEO AT SITE]
Back then he said he should be held accountable but today wants to be accountable for absolutely nothing save for killing Bin Laden.
As democrats controlled the entire Congress for the first two years of Obama's term and were able to shove pretty much anything they wanted down the throat of the country it seems appropriate to judge this administration by the effects of the policies put in place by Obama and the democrats from after the time they were enacted.
democrats labeled last year "the recovery summer" but it did not pan out that way. Obama's election campaign theme seems to be "It could be worse" but the fact is things are not getting better- especially not the the middle class.
Sentier Research has published data that show the middle class to be losing ground consequent to Obama's policies.
Between June 2009 and June 2011:
- Real median annual household income for family households with a male or female head and no spouse present (many with children in the household) declined by 7.3 percent (from $39,321 to $36,465) compared to a decline for married-couple households of 4.5 percent (from $76,783 to $73,324).
- Real median annual household income for households with a head under 25 years old declined by 9.5 percent (from $32,123 to $29,060) compared to a decline for households with a head 45 to 54 years old of 5.5 percent (from $65,911 to $62,315).
- Real median annual household income for households with a head looking for work or on layoff (unemployed) declined by 18.4 percent (from $41,037 to $33,487) compared to a decline for households with a head working full-time of 5.1 percent (from $72,104 to $68,454).
- Real median annual household income for households with a Black (not Hispanic) head declined by 9.4 percent (from $35,072 to $31,784) compared to a decline for households with a White (not Hispanic) head of 4.7 percent (from $59,111 to $56,320). The decline for households with a Hispanic head was 4.9 percent (from $41,945 to $39,901).
Michael Barone points out that Obama knows how to do nothing other than rearrange the deck chairs on the Titanic:
(Excerpt) Read more at floppingaces.net...
As I’ve been saying for three years, this is the desired goal of Obama.
Anyone who doesn’t believe that headline just isn’t paying attention. I don’t know where the hell the morons in the state run “media” are getting all of their economic good news because down here where the rubber meets the road, things are looking pretty damn grim.
Countdown until Zer0 leaves Office: 376 days as of January 10, 2012.
Obama didn’t “inherit” anything. He demanded the job with the nonsensical Hope-Change that worked on idiotic voters.
I’m tired of hearing he “inherited” these problems as if he was born into it.
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