Saturday, August 25, 2012

US household incomes worse than ever post Obama 'recovery,' post Obama Stimulus, post June 2009

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Obama's Stimulus bill began in Feb. 2009. According to this report, it made things worse, not better.

8/23/12, "Household income is below recession levels, report says," Washington Post, Michael A. Fletcher

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From June 2009 to June 2012, inflation-adjusted median household income fell 4.8 percent, to $50,964, according to a report by Sentier Research, a firm headed by two former Census Bureau officials. 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."...



Pre-retirement age group hit hardest by Obama. Washington Post chart.

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2/17/2009, "Obama: Stimulus lets Americans claim destiny," AP via MSNBC


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