Skip to comments.The poor: Reagan vs. Obama
Posted on 09/16/2013 10:22:00 PM PDT by Innovative
I think the poor need another Reagan in the White House.
The income of black heads-of-households dropped by 10.9 percent from June 2009 to June 2013. This decline in black income is more than double the overall 4.4 percent drop nationally in real, adjusted for inflation, median household income during the same four years of alleged recovery.
In dollar terms, the median income per year ... in female-headed households and black households has dropped, respectively, by $2,300 and over $4,000 since Obama's stimulus-led recovery began in June 2009.
The CBO report shows that after-tax household income, adjusted for inflation, increased overall by 13.73 percent from 1983 to 1993 and by 12 percent in the lowest income quintile, ...
The Reagan years, 1981 to 1989, ... saw real income increases and job gains for every income group, from the poorest quintile to the richest.
(Excerpt) Read more at triblive.com ...
FDR’s policies prolonged Depression by 7 years, UCLA economists calculate
Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.
After scrutinizing Roosevelt’s record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.
“The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
and people who experience the hardship, they still believe the propaganda, rather than their own eyes...
Exactly right. The dumbing down of America continues. The fools will get no sympathy from me when SHTF.
Makes no sense..../s
I don’t think there’s any mystery. they purposely want minorities on the dole. so if you average the increasing minority dependence on welfare with income from working blacks, that average will go down.
there’s no mistake by the Obama administration, they are right on target. if you’re on welfare, who are you going to vote for? i’m guessing not some republican who looks like he’s going to want you to get job.
The longer you hand out money from the government instead of creating jobs - (1) income goes down for the recipients as they are not getting jobs and increasing their incomes (why bother; the paying job isn’t significantly more than staying home getting a check) and (2)the disparity between the “rich” and “poor” grows because the rich continue to grow and earn more; the poor are stuck in dependency.
The news media are the primary reason we’re in the fix we’re in today. They enable everything.