Subj : Re: Get Better Mitt Treatment?
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From : mh505@qmail.not
Date : Thu Jan 31 2019 19:19:40

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From: Mark Hill <mh505@qmail.not>
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fl.politics,austin.politics,dfw.general,talk.politics.guns,oh.general
Subject: Re: Get Better Mitt Treatment?
Date: Sat, 03 Nov 2012 10:29:17 -0600
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On 11/3/2012 10:24 AM, deep wrote:
> On Sat, 03 Nov 2012 10:15:02 -0600, Mark Hill<mh505@qmail.not>  wrote:
>
>
>> been by far the meekest recovery from the past 10 recessions.
>
> That's because this is not a recession.

http://online.wsj.com/

Negative $4,019
The Obama years have been brutal on middle-class incomes.

The Presidential race is boiling down to one dominant issue: which 
party's policies will do more to help the financially stressed American 
middle class. President Obama's campaign theme is that Mitt Romney and 
the Republicans cater to the rich, while Mr. Obama cares about 
struggling families.

He may care, but he sure hasn't done much for them. New income data from 
the Census Bureau, tabulated by former Census income specialists at the 
nonpartisan economic consulting firm Sentier Research, reveal that the 
three-and-a-half years of the Obama Presidency have done enormous harm 
to middle-class households.


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.


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.
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