I couldn't believe the price of candy when I shopped for Halloween. Family income down and grocery prices rising. Let's add that skyrocketing electric and heating oil bills and see if anyone can afford 4 more years of Obama.
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Grocery Prices Up 15% Since Obama Took Office
posted on August 10, 2012 by Giacomo
The 2012 presidential election is heating up. The national conventions for both parties are just around the corner and Barack Obama and Mitt Romney are already busy duking it out.
One thing I keep hearing Obama say is how he is for the middle class. He is our friend and savior, says he. If thats true, then lets take a look at how his first term of office has helped the middle class.
To begin with, under Obama, the middle class has shrunk while the number of Americans living at or below the poverty line has drastically increased. Millions of middle class families are now finding themselves trying to survive at poverty level incomes and in many instances its been devastating to them.
Under Obamas reign, we have experienced official unemployment levels of over 8% for 42 consecutive months. The broader unemployment figure for June of this year is at 14.9%. This figure accounts for those out of work, forced to work part time only and those who have quit looking for a job.
The second quarter economic growth figure had dropped to 1.5%. Just to sustain ourselves, this figure needs to be at 2% and for actual growth and recovery it needs to be even higher.
A recent study of grocery prices may really tell the story of how the middle class has fared under three and half years of Obamanomics. They looked at the prices of a specific list of groceries just prior to Obama taking office and then used the exact same list of the groceries at todays prices. Before Obama, the groceries cost $119.16. Today, those same groceries cost $136.49, a 15% increase in just three and half years.
Over the same three and half years, the median income level has fallen, gasoline prices have increased and millions more middle class Americans are out of work.
Read more: Grocery Prices Up 15% Since Obama Took Office
******************************************************
Grocery Prices Up 15% Since Obama Took Office
posted on August 10, 2012 by Giacomo
The 2012 presidential election is heating up. The national conventions for both parties are just around the corner and Barack Obama and Mitt Romney are already busy duking it out.
One thing I keep hearing Obama say is how he is for the middle class. He is our friend and savior, says he. If thats true, then lets take a look at how his first term of office has helped the middle class.
To begin with, under Obama, the middle class has shrunk while the number of Americans living at or below the poverty line has drastically increased. Millions of middle class families are now finding themselves trying to survive at poverty level incomes and in many instances its been devastating to them.
Under Obamas reign, we have experienced official unemployment levels of over 8% for 42 consecutive months. The broader unemployment figure for June of this year is at 14.9%. This figure accounts for those out of work, forced to work part time only and those who have quit looking for a job.
The second quarter economic growth figure had dropped to 1.5%. Just to sustain ourselves, this figure needs to be at 2% and for actual growth and recovery it needs to be even higher.
A recent study of grocery prices may really tell the story of how the middle class has fared under three and half years of Obamanomics. They looked at the prices of a specific list of groceries just prior to Obama taking office and then used the exact same list of the groceries at todays prices. Before Obama, the groceries cost $119.16. Today, those same groceries cost $136.49, a 15% increase in just three and half years.
Over the same three and half years, the median income level has fallen, gasoline prices have increased and millions more middle class Americans are out of work.
Read more: Grocery Prices Up 15% Since Obama Took Office