1% Get 93% - Obama Fails to Stem Middle-Class Slide

Obama Fails to Stem Middle-Class Slide He Blamed on Bush...

Barack Obama campaigned four years ago assailing President George W. Bush for wage losses suffered by the middle class. More than three years into Obama’s own presidency, those declines have only deepened.

As a candidate in 2008, Obama blamed the reversals largely on the policies of Bush and other Republicans. He cited census figures showing that median income for working-age households -- those headed by someone younger than 65 -- had dropped more than $2,000 after inflation during the first seven years of Bush’s time in office.

Yet real median household income in March was down $4,300 since Obama took office in January 2009 and down $2,900 since the June 2009 start of the economic recovery, according to an analysis of census data by Sentier Research, an economic- consulting firm in Annapolis, Maryland.
1% Get 93%

A president who attacked Bush’s policies for favoring the rich has overseen a recovery in which the wealthiest 1 percent captured 93 percent of per-capita real income gains in 2010, according to an analysis of tax data by Emmanuel Saez, an economics professor at the University of California at Berkeley.

Nothing Obama has accomplished in office so far has stopped what Siu calls “the hollowing out of the middle.”

http://www.bloomberg.com/news/2012-05-0 ... -bush.html

Read the article. The administration is still blaming Bush and past policies. But there is clear evidence in the article that people are getting wise to this administration and their inability to even come close to solving any problems. Obama has spent over 3 years lining the pockets of his union friends and other special interests. He's now taking PAC money that he promised he would never take. Unemployment is still over 8 percent and growth has slowed again.

In the meantime, the employment market is changing, manufacturing has been slowly replace by automation (this has been advancing for years), support positions like administration and office jobs are being handled overseas or have been downsized by technology. But there has been job growth in information technologies, Aeronautics and advanced materials manufacturing and medical services.

Yet our college students are graduating school with worthless degrees in agriculture and natural resources, art history, philosophy, American studies, music therapy, English lit, latin, film, theology, journalism, social sciences (that's the left's favorite), puppetry, poetry and the list goes on. Then these students whine and march outside of Well Fargo with their local Occupy group, complaining that there are no jobs for them and the administration owes them something.

You've been fooled by a fool, Obama is not the messiah and if you're interested in his second coming, be prepared for more of the same. As soon as you get selfish enough to take care of yourself then you'll have to tools to take care of the rest of the world.

Do you think Obama will mention middle class income during this election campaign? Will he mention the HC bill? No and HELL NO!

Yes, it's a shame that every single thing that they tried to do to help the middle-class was blocked by the teabaggers, (who followed the marching orders put into place on Inauguration Day)... (And then they have the unmitigated gall to complain that he didn't do anything...)

I could sit and watch rightie hypocrisy for hours...

LadyJazzer wrote: Yes, it's a shame that every single thing that they tried to do to help the middle-class was blocked by the teabaggers, (who followed the marching orders put into place on Inauguration Day)... (And then they have the unmitigated gall to complain that he didn't do anything...)

I could sit and watch rightie hypocrisy for hours...

During the first two years of full control....what did they do to stimulate private business to hire? Nothing but giving them more future expenses to worry about.