biodieselman
Well-Known Member
The Obama Recovery has hurt American workers twice as hard as the Bush
Recession but the two groups of people hurt the most by Barry's failed
policies are black Americans & young workers ages 25 to 34.
Do you seriously want four more years of Obama FAIL?
Recession but the two groups of people hurt the most by Barry's failed
policies are black Americans & young workers ages 25 to 34.
Do you seriously want four more years of Obama FAIL?
Americans Incomes Have Fallen $3,040 During the Obama Recovery
8:02 AM, Sep 27, 2012 By JEFFREY H. ANDERSON
Americans must be wondering how much more of this recovery they can afford. New figures from the Census Bureaus Current Population Survey, compiled by Sentier Research, show that the typical American households real (inflation-adjusted) income has actually dropped 5.7 percent during the Obama recovery. Using constant 2012 dollars (to adjust for inflation), the median annual income of American households was $53,718 as of June 2009, the last month of the recession. Now, after 38 months of this recovery, it has fallen to $50,678 a drop of $3,040 per household.
jobs
Yet it gets worse. Amazingly, incomes have dropped even more during the recovery than they did during the recession. In fact, theyve dropped more than twice as much as they did during the recession. From the start to the end of the recession, the real median income of American households fell $1,413, or 2.6 percent. From the end of the recession to the present day, it has dropped $3,040, or 5.7 percent. This begs the question: What kind of recovery compares unfavorably with the recession from which its ostensibly recovering
Two of the groups hit hardest have been ones that turned out in abundance for Obama in 2008: black Americans and younger Americans (those between the ages of 25 and 34). During the first three years of the Obama recovery, the real median household income for black Americans dropped a whopping 11.1 percent. For Americans between the ages of 25 and 34 the group most apt, as Paul Ryan put it, to be staring up at fading Obama posters and looking to get going with life real median household income dropped 8.9 percent.
Moreover, were still not headed in the right direction. Last month, American households real median annual income fell by another $543 from $51,221 to $50,678. Sentiers Gordon Green, former chief of the Governments Division at the Census Bureau, says, This latest decline in real median annual household income is indicative of a struggling economy. He adds that, while we are technically in a recovery, real median annual household income is having a difficult time maintaining its present level, much less recovering.
Similarly, the percentage of Americans who are employed has dropped during the Obama recovery from 59.4 percent during the final month of the recession to just 58.3 percent last month. Thats according to the Obama administrations own figures. ...
