Green Energy
- The Economic Reality
From this article in the NY Post, dated April 30, 2016: ...Americans are angry because they don’t care about the statistical noise — they care about what they see with their own eyes. True, there may have been 15 million new jobs created during the...
- The Obama Recovery.. In Which The Private Sector Is Doing Fine, And Any Private Success Belongs To ‘the People’ - Who Built The Roads
The typical household income for people age 55 to 64 years old is almost 10 percent less in today’s dollars than it was when the recovery officially began three years ago, according to a new report from Sentier Research, a data analysis company that...
- Figgers.
IBD: Disability Ranks Outpace New Jobs In Obama Recovery By JOHN MERLINE, INVESTOR'S BUSINESS DAILY View Enlarged ImageMore workers joined the federal government's disability program in June than got new jobs, according to two new government...
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I know my family is living at roughly the same income level we lived at in 1993-94. But the bills are a lot higher now. . . WaPo: Fed: Americans’ wealth dropped 40 percent By Ylan Q. Mui, Updated: Monday, June 11, 5:04 PMThe Washington Post The Great...
- No Depression
WaPo: U.S. new-home sales unexpectedly fall to lowest on record By Alex Kowalski, Wednesday, March 23, 10:24 AM March 23 (Bloomberg) -- Purchases of new U.S. homes unexpectedly declined in February to the slowest pace on record and prices dropped to the...
Green Energy
Why isn't Obama trailing by 20? US median income lowest since 1995
Financial Times:
The median income of American households dropped to its lowest level since 1995 last year, extending its decline during President Barack Obama’s tenure and highlighting the depth of the damage to the middle class inflicted by the recession and weak recovery.According to annual data from the Census Bureau, median income adjusted for inflation – a closely watched measure of the financial health of average Americans – fell to $50,054 in 2011, or 1.5 per cent below its 2010 level and 4.1 per cent below its score when Mr Obama took office in 2009.Although real median income had already started to slide beginning in 2008, before Mr Obama entered the White House, the fact that he was not able to reverse that downward trend could expose him to criticism from Mitt Romney, his rival, that his policies have not aided the middle class. In addition to the drop in overall median income, the data also showed a rise in income inequality last year.The release of the dire median figures also offers the latest reminder of the sluggishness of the recovery, marked by high unemployment and weak job creation, which is prompting Federal Reserve officials to consider a new round of monetary easing as early as Thursday.
HERE
- The Economic Reality
From this article in the NY Post, dated April 30, 2016: ...Americans are angry because they don’t care about the statistical noise — they care about what they see with their own eyes. True, there may have been 15 million new jobs created during the...
- The Obama Recovery.. In Which The Private Sector Is Doing Fine, And Any Private Success Belongs To ‘the People’ - Who Built The Roads
The typical household income for people age 55 to 64 years old is almost 10 percent less in today’s dollars than it was when the recovery officially began three years ago, according to a new report from Sentier Research, a data analysis company that...
- Figgers.
IBD: Disability Ranks Outpace New Jobs In Obama Recovery By JOHN MERLINE, INVESTOR'S BUSINESS DAILY View Enlarged ImageMore workers joined the federal government's disability program in June than got new jobs, according to two new government...
-
I know my family is living at roughly the same income level we lived at in 1993-94. But the bills are a lot higher now. . . WaPo: Fed: Americans’ wealth dropped 40 percent By Ylan Q. Mui, Updated: Monday, June 11, 5:04 PMThe Washington Post The Great...
- No Depression
WaPo: U.S. new-home sales unexpectedly fall to lowest on record By Alex Kowalski, Wednesday, March 23, 10:24 AM March 23 (Bloomberg) -- Purchases of new U.S. homes unexpectedly declined in February to the slowest pace on record and prices dropped to the...