Tuesday, September 25, 2012

HE JUST NEEDS MORE TIME: Household incomes fell again in August; have now dropped a shocking 8.2 percent under President Obama

Anyone who wants to give this man four more years seriously needs to have a full psychiatric evaluation (unless they're a campaign bundler, in which case they're simply taking advantage of the President's Solyndra-style payoffs).

In another sign that the economic recovery under President Obama is not producing gains for average Americans, median household incomes fell 1.1% in August to $50,678, according to a report released Tuesday by Sentier Research.

Since the economic recovery started in June 2009, household incomes are down 5.7%, the Sentier data show, and they are down more than 8% since Obama took office.

...Earlier this month, the Census Bureau released its annual report showing that the number of people in poverty was nearly 3 million higher in 2011 than in 2009, an increase of 6%.

That report also found that average incomes for middle- and lower-income households fell in 2011 after adjusting for inflation. They rose only for the wealthiest 20% of households.

I'm guessing those wealthiest 20% include Obama's campaign bundlers who profited from green scams like Solyndra, Abound Solar, and the dozens of other payoffs.

I've found the SCOAMF-o-Meter particularly helpful in educating intelligent Democrats. Drones, on the other hand, are a lost cause. Trying to use facts, logic, reason or arithmetic with them is roughly equivalent to trying to teach calculus to a goldfish.

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