Feeling a little bit poorer? Well, a lot of our fellow Americans are. Last month median household income dropped 1.1%, an ominous sign that the Obama Riches to Rags policies are continuing to have an impact:
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.
“Even though we are technically in an economic recovery, real median annual household income is having a difficult time maintaining its present level, much less recovering,” said Sentier co-founder and former Census Bureau official Gordon Green.
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%.
Go here to read the depressing rest at Investors.com. Everyone in this country knows that the economy is abysmal except apparently for Democrats. Pew in a recent study, which may be read here, found that 15% of Democrats thought that the economic news was mostly poor, down from 31% of Democrats who thought the economic news was mostly poor in August. Democrats have saddled us with a President who has presided over the worst economy since World War II which is bad enough. That they are willing to disbelieve the disaster unfolding before us as a result for the sake of partisan politics is even worse. Leftists have boasted for the past few years that they are part of “the reality based community”. If twere only true.