When Ronald Reagan posed that simple question to American and then incumbent Jimmy Carter during the 1980 presidential campaign, the resounding answer was NO – and Reagan won by a landslide over his Democratic Party opponent. The Washington Post just out with a similar question – and results very similar to those during the Carter era. In fact, it is now a quite honest statement to indicate the Obama “recovery” has been far worse than the so-called Bush recession. (People tend to forget Democrats controlled all of Congress during the last two years of the Bush presidency) MUCH WORSE.
Household income is below recession levels, report says
Household income is down sharply since the recession ended three years ago, according to a report released Thursday, providing another sign of the stubborn weakness of the economic recovery.
Incomes have dropped more since the beginning of the recovery than they did during the recession itself, when they declined 2.6 percent, according to the report, which analyzed data from the Census Bureau’s Current Population Survey. The recession, the most severe since the Great Depression, lasted from December 2007 to June 2009.
Overall, median income is 7.2 percent below its December 2007 level and 8.1 percent below where it stood in January 2000…
…This summer, the Federal Reserve reported that the downturn eviscerated two decades of gains in Americans’ wealth. The central bank said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010, pushing that measure back to nearly 1992 levels.
Digest that information reader – two decades of value have been WIPED OUT - much of that loss occurring AFTER Barack Obama became President of the United States where for two years, he and the Democrats controlled both the White House and Congress. It was not until Republicans took back one half of Congress in 2011 did the Obama agenda slow down just a bit – though even then the president has ruled via executive orders more so than any president before him. He has shut down domestic energy production, pushed for higher taxes, wasted hundreds of billions on taxpayer loans to political supporters, sat back as the Middle East has further destabalized, played over 100 rounds of golf, hidden documents from Congressional investigators, pushed for TRILLIONS in deficit spending, including the still unpopular nearly trillion dollar Obamacare takeover of your health insurance, bailed out his big labor union cronies and indicated he wants to do the same for all American business, bowed to communists, socialists, and mere dictators around the world, all the while apologizing for the great power for good in the world that is the United States.
Add to the fact the shocking reductions in the personal wealth of Americans, combined with the equally shocking and dangerous rise in the national debt that Barack Obama has pushed for (TRILLIONS MORE DEFICITS) and there can be no denying what President Obama has done is push the United States to the brink of total economic collapse. Some of you might argue it was done by accident. Others will say it was on purpose. Either way, the fact remains that is exactly what Obama has done.
You want to be part of saving America? November 2012 might just be your last real chance to do so…