Just-released economic report indicates household incomes in America have seen further declines during the Obama “recovery” than the decline during the actual “Great Recession” of 2007-2009.
The same study also suggests that the recession was all but over by the time Barack Obama was sworn into office as President – indicating the Obama recovery has actually been a long and drawn out Obama recession – one that the president owns all by himself. The policies passed by the White House and the then-Democratic controlled Congress during 2009 and 2010, such as Obamacare and the stimulus bill, which added trillions to the national debt, have clearly impacted the overall American economy in a negative way.
Here is an excerpt from the study:
This report includes: (1) estimated changes in household income during the recent recession and post-recessionary period, and (2) the new Household Income Index (HII) that tracks median household income by month starting in January 2000.
First, it examines household income trends during the recent recession lasting from December 2007 to June 2009, and two full years of the “economic recovery” beginning in June 2009 up through June 2011. It shows that there has been no recovery in terms of household income. To the contrary, it shows that median household income has continued to decline up through June 2011.
For American families in particular, the Obama administration has proven to be particularly harmful, with family incomes having seen reductions double those reductions from 2007-2009, Historically, the Obama “recovery” is proving to be the worst post-recession recovery in the history of the United States.
Hang in there America – 2012 is on its way…
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Related Link:
http://www.sentierresearch.com/pressreleases/SentierResearch_PressRelease_October_10_2011.pdf
What is good economics is bad politics and vice versa. Democrats don’t care.
What very few people understand is that Obama did not take office to support American economic success. His goal–which he suceeded beyond great expectations– was and is to destroy American economy, national defense, the military,education, energy sovereignty, the constitution and any other program that would make America exceptional. Creating a severely weakened America makes America more vulnerable to the attacks of all her enemies in an attempt to take over and control America.
We now live in a lawless country with an imposter president who is blatantly setting up America, the constitutional republic, for total change. He and his band of Marxist czars have almost done so at the speed of light. It will take America almost fifty years if we defeat him in 2012 to correct the damage Obama and his gang of anti American thugs have done. The American citizen is no longer protected under the constitutional contract because it has been shredded and the Supreme Couort has been salted with plants–Sonia -Communist- Sotomayer and Eleana ugly Kagen.
What you meant to say was ‘ Elena- making – sure- any – natural born Citizen – controversy -can’t -be challenged’…
Obama is getting what he wants – a No Growth Economy. When you look at what No Growthers desire, and what he has done, you can see clearly that he’s in their camp. He’s not competent – and not smart enough to understand that No Growth means no new jobs.