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

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

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.

But it’s not.

Obama’s punks have a president to reelect. So…

To hell with truth and to hell with the fact that we have a sitting president who stole nearly a trillion dollars from who knows how many future generations on a stimulus that only stimulated his cronies.

 

Follow  John Nolte on Twitter @NolteNC


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