Somebody run into a Bus?
Here's an article for you from Bloomberg showing just how BAD the Stuttering Clusterfukk has been... Bad. As in REALLY bad on the 'Middle Class' (which is a misnomer anyway)
Obama Fails to Stem Middle-Class Slide He Blamed on Bush - Bloomberg
And here's something that most people don't know....
All that rhetoric about flat wages? It's bullshit.
Or rather, it was in 2007. Now, not so much. Since the Stuttering Clusterfukk took Office, it's real.
But in 2007? It was a lie. But hey! That's what dimocraps do -- They lie.
"Wages" versus "Compensation"
To illustrate, let's say a friend of yours came to you for some advice as to which job offer she should accept:
• Job offer 1: Wage is $20.00 per hour; no benefits.
• Job offer 2: Wage is $20.00 per hour; benefits are health insurance, plus a matching 401K retirement savings plan.
Assume all other aspects are equal. Given that the wages are identical, which job offer do you advise your friend to accept? Why?
Obviously, "compensation" is more than just wages alone. Compensation also includes the benefits. (In 2007, the average worker enjoys $41 in benefits on top of every $100 collected in wages.) So, that begs the question, Has workers' real compensation been stagnant since the year 2000?
Fortunately for us, the Bureau of Labor Statistics (BLS) can help us out. They've indexed real compensation (i.e., adjusted for CPI inflation) quarterly for the last 24 years, through Q4 2005, and published it on their data-rich website. Their index uses Q4 2005 as the base quarter for calculating the index. Here's how the BLS describes their compensation data: "The Employer Costs for Employee Compensation product is a quarterly survey that shows the employers' average hourly cost for total compensation and its components."
I charted the BLS numbers, and calculated the change in real compensation for the six years from Q4 1999 to Q4 2005.
A pleasant surprise: real compensation per hour has been the opposite of "stagnant"; in fact, it grew by 6.7% in the 2000-2005 interval. That's better growth than any six-year period in the last twenty years, including 1995-2000.
Edge:
If you want to read more on it, the link is below. I don't recommend it to libtards.
He uses big words
http://www.optimist123.com/optimist/2007/11/lets-kill-the-s.html