The Obama 'Recovery' Worse Than the Bush Recession | Blue Crab ...

So says a non-partisan economic analysis written up in the Wall Street Journal:

In January 2009, the month President Obama entered the Oval Office and shortly before he signed his stimulus spending bill, median household income was $54,983. By June 2012, it had tumbled to $50,964, adjusted for inflation. (See the chart nearby.) That?s $4,019 in lost real income, a little less than a month?s income every year.

Unfair, you say, because Mr. Obama inherited a recession? Well, even if you start the analysis when the recession ended in June 2009, the numbers are dismal. Three years after the economy hit its trough, median household income is down $2,544, or nearly 5%.

Add the authors: ?The overall decline since June 2009 was larger than the 2.6 percent decline that occurred? during the recession from December 2007 to June 2009. For household income, in other words, the Obama recovery has been worse than the Bush recession.

One guy I?m working with right now is 70 years old. He?s on the road working to supplement his pension. Got that? He?s 70 and living in a hotel room away from his home and family ? because this economy is so bad.

The 0bama retirement plan: you?re retired when they screw the lid down.

You can drive around any town or city and see the signs ? the closed stores, the defunct businesses. My daughter is working part time ? by choice ? while going to school. But she could not go full time if she wanted or needed to. The store she works at, a major national chain, keeps most employees at less than full time employment. They are not stuck with paying benefits that way.

The 0bamacare economy ? employers dodging the hiring of full time employees.

This is the future ? it is here now.

Unless we stop it.

Source: http://bluecrabboulevard.com/2012/08/25/the-obama-recovery-worse-tha-the-bush-recession/

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