Incomes Drop Most in 20 years

San Diego Source ^ | 03/01/2013 | Michelle Jamrisko

[safetysign]

Thanks to Obama!!!

[MrB]

But you won’t get 47% of the country to acknowledge that.

Still “Bush’s fault”, even though he’s been out of office 5 years, and didn’t have congress for the last 2 years of his admin.

So, 7 years later, it’s still not the rats’ fault.

[E. Pluribus Unum]

How’s that “fundamental transformation” workin’ out for ya?

[lodi90]

If you want to make a liberal mad just tell them this is the Age of Obama and the economy isn’t going to get any better. Works every time for me.

[alloysteel]

But, but, but, I thought the economy was in recovery?

Hey, look at the stock market. Just see how much the unemployment numbers have been driven down. The price of gasoline is some kind of historic level. We are producing a larger percentage of our own energy domestically than we have in years.

Mexico is looking kind of good, at the moment.

[MrB]

I tell them the economy
isn’t any better,
isn’t getting any better,
and WON’T get any better

as long as 0bama is in office and implementing “liberal”, ie, communist, policies.

[allendale]

This is what happens when you create and empower a huge anti-capitalist bureaucracy. The endless rules, regulations and dictates of Obama’s minions have stifled entrepreneurship, the creation of new business and the creation of wealth. The country is poorer.

[sport]

But yet the Government and msm maintain that the economy is growing.

[GlockThe Vote]

Yup. We are on the fast track to communism

[ClearCase_guy]

On a brighter note, sentiment is rebound as employment grows.

Mastery of English: 3
Mastery of Democrat talking points: 10

(That's a "Chorus Line" reference: "Looks: 3, Dance: 10")

[jonose]

What a load of bs:
>>Excluding food and energy costs, prices climbed 1.3

4$ gas suffocates growth
also didn’t mention moving workers from full to part time
which will be devastating for any growth prospects

[txrefugee]

...and bread is over $3/loaf and gasoline is near $4/gal. Shame on this evil, greedy government for oppressing its citizens.

[Opinionated Blowhard]

The economy is clearly in trouble. We have no real recovery. People are barely surviving and are now cutting into savings when their incomes drop. Yet, as others pointed out, a lot of Americans don’t seem to blame Obama and didn’t think that this horrible recovery was reason enough to kick him out. To the contrary, a lot of people’s answer to this is that we should hand out even more government checks and move further down the path of Welfare State Socialism that is killing us.

[St_Thomas_Aquinas]

If you want to make a liberal mad just tell them this is the Age of Obama and the economy isn’t going to get any better. Works every time for me.

Absolutely.

I say, "just four more years of this to go."

When he was elected, just after the crash, I told them, "this is going to last for ten years."

They didn't like that either.

I'm not liking it much, myself. But the fact that they're suffering for voting foolishly brings me some consolation.

[relictele]

Any more ‘recovery’ and we can all enjoy the spectacle of a national economy being given futile shocks with a giant defibrillator.

[GeronL]

That is some recovery we got going on.

[Mouton]

Cutting into savings.....correct, they are and for two reasons. Reason one is their pay is going down. Reason two is their savings are being eroded by “hidden” inflation. One more, they are getting no return on their savings and some have now jumped into the junk bond markets and growth stocks, a misnomer in a recession, and will get the double whammy, loss of principal and no ROI.

[John W]

From CNBC just now:

“Stocks opened lower on the first day of March, with the Dow sliding below the widely-watched 14,000 level, weighed by a weaker-than-expected personal income report and disappointing economic data from Europe and China.

In addition, investors will be watching the last-minute budget talks in Washington as the $85 billion sequester, automatic budget cuts, go into effect Friday.”

[Cringing Negativism Network]

OK now it is starting.

The revenue did not increase, because it is headed to China.

That is right. We offshored our manufacturing.

We buy stuff from China. China makes the money.

They grow. We shrink. See how easy that is.

(not joking here, not even one tiny bit)

[Right Brother]

Yeah, love it. The ‘sentiment’ index is up? Yep, there’s nothing like rising fuel and food prices coupled with declining incomes to get everybody in a chipper mood.