Household income down 8.2 percent since Obama took office, study shows

Discussion in 'Politics' started by WillowTree, Sep 26, 2012.

  1. WillowTree
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    WillowTree Diamond Member

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    Median household incomes have fallen 8.2 percent since President Obama took office and continue to drop despite the official end of the recession, a new study shows.

    Data compiled by Sentier Research found that since the economic recovery technically began in June 2009, median household income has dropped 5.7 percent. As of August, that median income was $50,678 -- also down 1.1 percent from the month prior.

    And since Obama took office in January 2009, the median income has fallen 8.2 percent, from $55,198 to its present figure.

    "The August decline in real median annual household income is indicative of a struggling economy," Sentier said in its report.


    Read more: Household income down 8.2 percent since Obama took office, study shows | Fox News







    His frickin slogan says forward but it looks like backward to me. How about you?
     
  2. jillian
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    jillian Princess Supporting Member

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    did you think an economy that's crashed heals itself while teatards keep wanting cuts?

    and vote against jobs bills?
     
  3. SniperFire
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    SniperFire Senior Member

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    [​IMG]
     
  4. lukelk
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    lukelk VIP Member

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    I agree, the income is a problem and cutting programs is not the answer. Also the high income people keep seeing their sal. Go up.
     
  5. WillowTree
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    WillowTree Diamond Member

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    jobs for who? unions? he never talks about the rest of us now dew he?
     
  6. WillowTree
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    WillowTree Diamond Member

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    We need jobs for teachers, firemen and policement. ALL unions.
     
  7. beretta304
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    beretta304 BANNED

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    And your comment pertains to the thread...how? Oh I see...it doesn't nor does it refute it. But it's a "swell" mini-rant! :D
     
  8. SniperFire
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    SniperFire Senior Member

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    [​IMG]
     
  9. Mr. Peepers
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    Mr. Peepers Senior Member

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    You can place blame for that little factoid squarely on the shoulders of the private sector. THEY are the ones lowballing and driving down wages. Sometimes I wonder if the housing / banking collapse was in some way intentionally implemented to destroy labor...
     
  10. SniperFire
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    SniperFire Senior Member

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    'They'?


    LOL
     

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