Friday, August 24, 2012
Under Obama Every Group of Americans Have Less Income
Liberal will never understand that their decision to put this man in office is destroying our way of life. Obama has destroyed the American dream. He as made this country poorer. He has reintroduce racism back into the mainstream. He has increase our debt than any president in history. He has put more Americans into poverty. He is the food stamp president. Obama must go now!
(Bloomberg) 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.”