Skip to comments.Household income is below recession levels, report says (Obama's Fault!)
Posted on 09/03/2012 5:53:10 AM PDT by tobyhill
Household income is down sharply since the recession ended three years ago, according to a report released Thursday, providing another sign of the stubborn weakness of the economic recovery.
From June 2009 to June 2012, inflation-adjusted median household income fell 4.8 percent, to $50,964, according to a report by Sentier Research, a firm headed by two former Census Bureau officials.
(Excerpt) Read more at washingtonpost.com ...
According to this report, not even close.
Happy empty chair day!
The economy has gone down hill since zero was elected but the recession ended three years ago? Why? Just because some libtard said so?
A recession is measured in technical terms, economic growth, unemployment, etc. It doesn’t feel like the recession is over, but the technical numbers tell us it is.
Obama’s “new normal” should be the subject of many attack ads.
And 44% still approve of the job he's doing???
four more years of this bozo and we’ll all be Eastwooding....
Well, obviously *this* is the fault of the Congress! If the minority party in both houses had just voted for an even bigger “stimulus” package (”Don’t Tase Me, Bro’!”), we wouldn’t be in this fix. /sarc
... and also why aren’t people jumping up and down and screaming about their house losing TREMENDOUS value. Most people’s only savings or financial worth is in their homes.
Home prices have continued to drop year after year since 2008.
case in point, 2009 my house was worth in the 500k’s now I couldn’t get 250K. This is absolutely terrible especially for people 55 and older ... all your life’s work GONE...vanished. 2010, 2011 and 2012 each year the value has gotten worse. Very few buyers and more and more homes on the market.
!!! AND THIS HAS HAPPENED SINCE OBAMA “SAVED US FROM GOING OFF A FINANCIAL CLIFF” — HA !!!
I have said all along that it hasn’t ended. GNP by definition includes govt spending. It should not, in other words, you can be in a depression and literally spend your way out according to GNP. I think without the spending thrown in there, it would be negative growth, therefore a recession.
I don’t remember the nomenclature from my college econ days, but there is another number that doesn’t include govt spending, you never hear it mentioned, LOL.
Thanks Vintage Freeper for posting this:
Think higher gas prices don't affect more than the consurmer, what about all the companies with service vechiles? Those companies are hiring less because gas costs more...trickle down cost of regulations.