Income Declined More During “Recovery” Than Recession

Discussion in 'Politics' started by ScreamingEagle, Aug 24, 2012.

  1. ScreamingEagle
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    ScreamingEagle Gold Member

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    According, to a new study reported by the Washington Post, median household income has actually dropped more precipitously since the end of the recession than during the actual recession.

    This is what a Keynesian recovery looks like. For the purpose of achieving politically-motivated short-term gains with stimulus and other government interventions, Obama has created long-term stagnation.

    Income Declined More During “Recovery” Than Recession | Madison Project

    Household income is below recession levels, report says - The Washington Post
     
  2. eflatminor
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    eflatminor Classical Liberal

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  3. ScreamingEagle
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    ScreamingEagle Gold Member

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    From June 2009 to June 2012, inflation-adjusted median household income fell 4.8 percent, to $50,964, according to a report by Sentier Research, a firm headed by two former Census Bureau officials.


    Over the past three years.....

    the inflation-adjusted median income of households headed by whites was down 5.2 percent, to $56,255.

    Households headed by blacks sustained a staggering 11.1 percent drop in median income.

    Hispanic-led households saw their real income decline by 4.1 percent over the same period, the report said.

    Households led by the self-employed saw their income drop 9.4 percent, to $66,752, the report said.

    Households headed by private-sector employees saw wages drop by 4.5 percent, to $63,800

    households led by government workers saw median income decline by 3.5 percent, to $77,998, the report said.
     
    Last edited: Aug 24, 2012
  4. francoHFW
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    francoHFW Platinum Member

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    Great meltdown/Depression/9% retraction., Pubs. Way to go. And the mindless obstruction makes this YOUR recovery. Pub dupes.

    Austerity recoveries do worse than stimulus ones- see Sweden. This is a recovery without any jobs bills the GOP loves when the black Dem isn't in the WH. Assume the position, a-holes.
     
  5. SniperFire
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    SniperFire Senior Member

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    I would call Obama an abject failure, but that would be insulting to total losers everywhere.
     
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  6. ScreamingEagle
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    ScreamingEagle Gold Member

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    "mindless obstruction"......?

    you must mean the do-nothing Democrat Senate.....

    These 32 job creating measures have been passed by the House and are awaiting action in the Democrat-controlled Senate.
    The House Republican Plan for America's Job Creators - GOP.gov
     
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  7. asaratis
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    asaratis Uppity Senior Citizen Gold Supporting Member Supporting Member

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    The liberals are wearing blinders and will not admit that Harry Reid is sitting on perfectly good bills just because they were written by Republicans.

    Liberalism is a mental disorder.
     

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