Skip to comments.How President Obama Shrank America’s Consumer Dollar
Posted on 09/04/2017 9:24:23 AM PDT by Kaslin
President Obamas great stimulus spending and QE programs saw disposable income of average Americans reverse historic trends and stagnate or actually decline. There has been a huge increase in the taxes they have to pay for everything from gasoline to cell phones and property taxes. And since government is responsible for these taxes and the big states are all run by Democrats with liberal news media, these facts are seldom reported.
A December 2015 study of the American middle class done by the Pew Research center found that for the first time in over forty years the middle class no longer includes the majority of Americans. The plain fact is, after the largest so-called stimulus government spending program in world history, conducted by President Obama and his Democratic Party, both the number of persons in the middle class and the proportion of the population shrank.
The Pew Hispanic Center May 2016 Study found that at the end of President Obamas second term, the middle class had been shrinking in the vast majority of metropolitan areas of the US. The important of the metropolitan areas is that 1) 76% of all Americans live in metro areas, 2) metro areas are the areas where most jobs are located, and 3) illegal immigration is promoted in metro areas all across the nation.
While the shrinking middle class proves that government cannot raise the incomes of middle class persons in the US through stimulus spending, at the same time it shows that the increasing tax burden on the middle class eats away at their disposable income and their lack of spending hurts the local economies.
(Excerpt) Read more at americanthinker.com ...
I’m waiting for this to be front page news in all the big city newspapers.
Whoa, whoa, whoa. Let's not leave John Boehner, Paul Ryan and Mitch McConnell out of the mix. Congress controls the purse strings.
And the Dems continue to be dumbfounded as to the reason they lost in 2016 and are failing to improve their prospects for unseating Trump in 2020.
To return to power the Dems only choice is to promote scandal in the Trump Administration and to undermine the near certain economic growth that we are starting to witness.
Good luck with that, Dems. You’re going to need it.
Wow, raising taxes reduces disposable income!
Who would have guessed?!!
And when people dont have money they dont spend it?
I Cant believe it!!
Startling new revelations for Democrats.
Dont sit up nights waiting.
You have a better chance of reading about Cuba announcing free and open elections.
BLS: Americans Spend More on Taxes Than Food and Clothing Combined By Terence P. Jeffrey | August 30, 2017 | 12:18 PM EDT
(CNSNews.com) - Americans on average spent more on taxes in 2016 than they did on food and clothing combined, according to data released this week by the Bureau of Labor Statistics.
I think maybe Obama’s next “great adventure” could start with a good caning. I know he hasn’t exactly been convicted of anything,but that’s probably because of a technicality in our injustice system.
I saw how prices went up and up in the grocery store. I then heard there was no inflation. 8 years of lies.
Was there anything the Kenyan homo did for the betterment of the USA? NO!