Americans' actual household incomes have fallen more than twice as far during the post-recession "recovery" of the past four years than they fell during the recession itself. An American household is now, on average, bringing in about $2,400 per year less today than when the economic recovery started.
Does anyone really know why this is?
The threat of Obamacare to small businesses...
carolyn wrote:
Americans' actual household incomes have fallen more than twice as far during the post-recession "recovery" of the past four years than they fell during the recession itself. An American household is now, on average, bringing in about $2,400 per year less today than when the economic recovery started.
Does anyone really know why this is?
Additionally, recently I learned college grads leaving school will earn $3200 less than someone in 2001, yet the indoctrinated youth supports the very people who are responsible for this decline.
Why is it when Bush was president, according to the mainstream media talking heads, we had the worst economy since the Great Depression with unemployment standing at 4.6%, yet today we are in a jobless recovery with the Fed dumping $85 billion a month from printing presses and have "seasonally adjusted" (fudged) unemployment rate of 7.8%? (The U6 unemployment rate today is 14% [July 2013]). The participation rate in the workforce hasn't been this bad since the halcyon days of Jimmy Carter. The economy is bracing for the train wreck of ObamaCare's some 22 different taxes to be dumped on a weak economy. Attitude reflects leadership and there's a huge vacuum of it in Washington. If something goes wrong, no one knows how it happened, no one is responsible and it is quite possible it's all Bush's fault.
Just something to consider here: Remember every time Clinton would get his rear end in a vice he would try to divert attention from himself by attacking aspirin factories and other inane moves? History may be repeating itself with Obummer's saber-rattling over Syria as if we have anything to gain whatsoever by sticking our collective noses into their problems. Maybe this joker thinks this will stimulate the economy and get the public's attention away from Benghazi, the IRS and NSA? Stay tuned. The next chance of recovery will come on January 20, 2017.
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