Report: Incomes Dropped More During Obama 'Recovery' Than Recession..

Discussion in 'Politics' started by paulitician, Aug 25, 2012.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    More "dutiful" reporting from the media that puts them on record covering something they're really not covering because Romney's tax returns….


    American incomes declined more in the three-year expansion that started in June 2009 than during the longest recession since the Great Depression, according an analysis of U.S. Census Bureau data by Sentier Research LLC.

    Median household income fell 4.8 percent on an inflation-adjusted basis since the recession ended in June 2009, more than the 2.6 percent drop during the 18-month contraction, the research firm’s Gordon Green and John Coder wrote in a report today. Household income is 7.2 percent below the December 2007 level, the former Census Bureau economic statisticians wrote.

    “Almost every group is worse off than it was three years ago, and some groups had very large declines in income,” Green, who previously directed work on the Census Bureau’s income and poverty statistics program, said in a phone interview today. “We’re in an unprecedented period of economic stagnation.”

    This is real pain felt by real people. Unemployment is rising, the economy is shrinking, the deficit is exploding, and household income did worse under Obama's non-existent recovery than during the actual recession.

    You would think this would be bigger news than something stupid someone in Missouri uttered a week ago or a hurricane or week nine of Romney's tax returns...

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    Report: Incomes Dropped More During Obama 'Recovery' Than Recession
     
  2. naturegirl
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    naturegirl Silver Member

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    I could have told you that without any report, just talk to me, my family and neighbors.
     
  3. AmericanFirst
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    AmericanFirst Gold Member

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    Don't tell a libtard that, they will defend their hero with more lies.
     
  4. paulitician
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    paulitician Platinum Member Supporting Member

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    I hear ya, these are very difficult times for many. Hang in there.
     
  5. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Could it have something to do with the Job Creators creating shitty jobs?

    Nahhh! Its all OBAMA's fault!!!
     
  6. paulitician
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    paulitician Platinum Member Supporting Member

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    You sound like you don't have a job, or rarely have ever held one. You're a classic typical Obamabot stereotype. You know absolutely nothing about Economic matters. So just some friendly advice, try actually holding a job or running a Business before spewing your opinions on Economic matters. Entitlement slobs are not qualified to be credible Economists.
     
  7. VaYank5150
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    VaYank5150 Gold Member

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    Seriously though....what the hell happened to all of those jobs that the rich...I mean job creators were going to create with the extension of the Bush tax cuts?
     
  8. Full-Auto
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    Full-Auto Gold Member

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    Was that the argument the dem majority used when passing that before the mid terms of 2010?
     
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  9. paulitician
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    paulitician Platinum Member Supporting Member

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    Another Entitlement slob playing 'Economist' today. You Bots crack me up. :lol:
     
  10. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    You sound like a big fat idiot.
     

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