Wednesday, September 18, 2013

Median Household Income $600 Less that in 1989, Number in Poverty Up Under Obama

Barack the Terrible is doing a great job with the economy. Median household income is less than it was when the last great president Ronaldus Magnus left office:
Middle-class families of today make less than middle-class families of almost a quarter a century ago, according to the Washington Post.
Census Bureau data on income and poverty shows that the real median household income, meaning a family’s total earnings, in inflation-adjusted dollars, was higher in 1989 than it was in 2012.
Near the end of the Reagan era, a middle of the road family brought home $51,681 in today’s dollars. In 2012, the average family made $51,017.

 That doesn't tell the entire story. Median household income has dropped every year of Barack the Terrible;s reign and the number of people in poverty has increased:
In fact, real median household income dropped in every year of Obama's first term. In 2008, when he was elected, it was $53,644. In 2009, the year he was inaugurated, it dropped to 53,285. In 2010, his second year in office, it dropped to $51,892. In 2011, his third year in office, it dropped to $51,100. And, in 2012, his fourth year in office, it dropped to $51,017.
At the same time the number of people living in poverty in the United States increased. In 2008, according to the Census Bureau, there were approximately 39,829,000 people living in poverty in this country. In 2012, there were 46,496,000. That is an increase of approximately 6,667,000—of 16.73 percent—from 2008 to 2012.
As indicated above, this isn't some conspiracy to make the liberal's president look bad: These are census bureau statistics. When are the lovers of Barack the Terrible going to wise up and understand that he is succeeding wildly at his goal of destroying American exceptionalism and breeding dependency and despair? And when is the leftist media going to start holding him accountable for these horrible statistics? Try never. 

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