Skip to comments.Under Obama, Poor, Middle Class Incomes Fall Sharply
Posted on 10/02/2012 9:43:43 AM PDT by Perdogg
Despite repeated promises that he would build prosperity from the bottom up, President Obama has presided over three years of income losses for the middle class, according to the latest household income data from the Census Bureau.
Since 2009, the middle 20% of American households saw their average incomes drop 4%. In 2011 alone, they fell 1.7%. The poorest 20% have fared even worse under Obama, Census data show. Their incomes have dropped more than 7% since 2009, and are now lower than they've been at any time since 1985, after adjusting for inflation.
(Excerpt) Read more at news.investors.com ...
You just need to understand how they define the middle class.
I am worse off than in 2008. My retirement income took another hit as a CD with an interest of 5% came due and for now I renewed it a .5%. My retirement income portfolio is down quite a bit from 2008. I am sure there are others in the same boat. I hate to think if this idiot gets another 4 years.
The reality is that there is too much going wrong and too much corruption in the Obama administration to get away with passing it off as incompetence. Its time his motives are called into question.
The question is “Will Jedi Mind Control work on large masses?” - “Your bank account is NOT shrinking fast.” - “You really didn’t want to find a job.” - “Obama loves you.”
Didn’t the icomepoop Obama say under his admin the people’s wages would necesarily skyrocket...?
It doesn’t matter, we’ve got free phones!
Huh?!!! He said that the cost to own and operate any coal fueled power plants would necessarily skyrocket due to the cost of all the new regulations he would put in place. This was going to happen under his watch to stem the tide of so-called greenhouse gasses being emitted by those evil coal burners.
the heck with the phone. I can’t eat that. Sign me up for some food stamps!
I was empasising what a phony he is. He doesn’t care about the middle much less the lower classes.
emphasising that is.