Report shows that the Obama recovery is worse than the recession on income

posted at 9:25 am on October 10, 2011 by Ed Morrissey

When running for President, Barack Obama decried the decline of American household income, which certainly dropped during the 2007-2009 Great Recession.  Since the recovery began in June 2009 — a recovery for which Obama has repeatedly claimed credit — that trend has gotten worse, not better.  A new report shows that the percentage of decline in household income during the so-called recovery actually doubled that of the recession:

Income for American families declined more in the years following the economic recession than it did during the official recession itself, a new study shows.

During the recession, which economists say lasted from Dec. 2007 to June 2009, the median annual household income fell by 3.2 percent, from $55,309 to $53,518, according to a report authored by two former U.S. Census Bureau officials. But in the post-recession period from June 2009 to June 2011, the figure fell by 6.7 percent, from $53,518 in June 2009 to $49,909 in June 2011. …

The study found that during the post-recessionary period, families with just a male or female head with no spouse present saw a 7.3 percent decline in income compared to the 4.5 percent drop for married-couple households. Income for households with a head under the age of 25 fell by 9.5 percent, significantly more than the 5.5 percent decline for households with a head who is 45 to 54 years old.

Why would incomes fall during a period of recovery, at least as defined by GDP growth?  Clearly, the soft jobs market puts workers at a disadvantage in terms of competitive compensation.  Raises have been rare, and downsizing would normally target the higher-salaried workers in organizations.  Those looking for work have to compete with an average of five other applicants for every position, which means businesses can hire at lower salaries — when they hire at all.

Has an American recovery ever been worse on income than the preceding recession?  This and chronically high unemployment explain why large majorities in poll after poll believe the US remains in recession, not recovery, as well as why Obama’s numbers on economic leadership continue to fall.  Obama finally got around to admitting recently what almost everyone else has concluded, which is that people are not better off than they were before his election, and this data proves it.

Maybe that’s why Obama “walks alone” these days, as the New York Post’s Michael Goodwin puts it:

The gist is this: President Obama has become a lone wolf, a stranger to his own government. He talks mostly, and sometimes only, to friend and adviser Valerie Jarrett and to David Axelrod, his political strategist.

Everybody else, including members of his Cabinet, have little face time with him except for brief meetings that serve as photo ops. Secretary of State Hillary Rodham Clinton and Treasury Secretary Tim Geithner both have complained, according to people who have talked to them, that they are shut out of important decisions.

The president’s workdays are said to end early, often at 4 p.m. He usually has dinner in the family residence with his wife and daughters, then retreats to a private office. One person said he takes a stack of briefing books. Others aren’t sure what he does.

If the reports are accurate, and I believe they are, they paint a picture of an isolated man trapped in a collapsing presidency.

He’s not the only one trapped, either.

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Obama should definitely call the Internet Police.
http://themorningspew.com/2011/10/09/the-internet-police/

bloggless on October 10, 2011 at 9:27 AM

Maybe that’s why Obama “walks alone” these days

Johnny Cash walked the line….

ted c on October 10, 2011 at 9:30 AM

Secretary of State Hillary Rodham Clinton and Treasury Secretary Tim Geithner both have complained, according to people who have talked to them, that they are shut out of important decisions.

If they want face time they should take up smoking and golf.

forest on October 10, 2011 at 9:31 AM

Time for another speech soon, followed by a round of golf.

Drained Brain on October 10, 2011 at 9:31 AM

The president’s workdays are said to end early, often at 4 p.m. He usually has dinner in the family residence with his wife and daughters, then retreats to a private office. One person said he takes a stack of briefing books. Others aren’t sure what he does.

I think it’s obvious what he does. He goes through that budget line-by-line just like he repeatedly pledged to do during the campaign.

Doughboy on October 10, 2011 at 9:31 AM

PHBO… alone on his island and the (HIS) economy sinks and takes down the country…

It is REALLY BAD out here in SOCAL and my company STILL has a LOT of people laid off…

I went to a first run movie the other day… 7 people in the theater…

Khun Joe on October 10, 2011 at 9:31 AM

Reason #701 why Keynesian Economics and Liberal Entitlement Policies Don’t Work

Odie1941 on October 10, 2011 at 9:32 AM

then retreats to a private office. One person said he takes a stack of briefing books. Others aren’t sure what he does. If the reports are accurate, and I believe they are, they paint a picture of an isolated man trapped in a collapsing presidency.

Turns all the lights down except for a desk lamp, swigs now and then from a bottle of JD, and absently toys with a revolver while staring into space.

Poor thing, friendless and alone. I’m crying on the inside, no really I am. Meanwhile there are 14 million Americans out here who have been directly affected by his stupid policies, and those people don’t have a private chef on call 24/7 or a 747 to use for vacation travel.

Bishop on October 10, 2011 at 9:33 AM

….clearly this is Bush’s fault….

Time for the democrat backed OWC to ignore Obama and go after another museum.

Baxter Greene on October 10, 2011 at 9:34 AM

This line from Walsh’s column struck me:

“Blaming the country is political heresy, of course, yet Obama is running out of scapegoats.”

We’re all his scapegoats now. The only trick is finding a big enough bus.

Drained Brain on October 10, 2011 at 9:34 AM

Exactly as planned!

OldEnglish on October 10, 2011 at 9:34 AM

according to a report authored by two former Racist Republican U.S. Census Bureau officials

Fixed.

Del Dolemonte on October 10, 2011 at 9:36 AM

Everybody else, including members of his Cabinet, have little face time with him except for brief meetings that serve as photo ops. Secretary of State Hillary Rodham Clinton and Treasury Secretary Tim Geithner both have complained, according to people who have talked to them, that they are shut out of important decisions.

Now it’s getting scary.

Time for 25th Amendment, section 4?

Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.

rbj on October 10, 2011 at 9:36 AM

One person said he takes a stack of briefing books.

pr0n.

Others aren’t sure what he does.

And XBox. He goes by the handle “Malcom PWNT!”

Mindcrime on October 10, 2011 at 9:38 AM

Change.

visions on October 10, 2011 at 9:39 AM

So we are not getting an 8 hour day out of this guy.

docflash on October 10, 2011 at 9:39 AM

Things can’t be that bad, there are a few thousand people who are managing to get along just fine over there in NYC. Yeah sleeping in a rancid, puke-covered sleeping bag for weeks on end can’t be fun, but still.

Bishop on October 10, 2011 at 9:40 AM

That is bad, when his recovery is worse than the recession, lol. I’d never heard of anything like that before!

jeffn21 on October 10, 2011 at 9:40 AM

But Warren… He still talks to Warren Buffet, doesn’t he? Who else would tell him it’s OK to raise taxes?

And Jeff….he still talks to Jeff Immelt, doesn’t he? Who else would tell him that moving jobs over to China is the same as a job here?

What about Dingy Harry and Nancy? Oh yeah, they are the ones pushing him under the bus. Forget them, to paraphrase Cee Lo Green.

He should resign, and so should Reid and Pelosi, so we can start fixing the mess faster.

MTF on October 10, 2011 at 9:40 AM

Hey, eating beans and rice, sleeping outside, and job-hunting on a bicycle is very healthy. What could be a better legacy for a President than health?

RBMN on October 10, 2011 at 9:41 AM

The president’s workdays are said to end early, often at 4 p.m. He usually has dinner in the family residence with his wife and daughters, then retreats to a private office. One person said he takes a stack of briefing books. Others aren’t sure what he does.
I think it’s obvious what he does. He goes through that budget line-by-line just like he repeatedly pledged to do during the campaign.

Doughboy on October 10, 2011 at 9:31 AM

Personally I think he is getting whacked on some drug – and I am dead serious.

It has been widely reported and witnessed – Obama’s lack of emotion and/or care about more important subjects and issues of being President. In fact – the dunce himself has complained ad nauseum how “hard” it is to be President. We know he had(has?) a long term drug dependency issue – again the dunce tells you that himself.

These accounts, surrounded by important people (Valerie Jarrett) who dont seem to care – usually occurs through apathy and/or enabling of a drug addict.

So we have an AA hire, with a top end double digit IQ, who sailed through his life – drug addicitons included – to POTUS… and realizes he cant deal with it all… so he smokes a doobie or takes a bump.

All meetings and pressers are not only late (the customary 5 minutes or so) but 1/2 hour to 1 1/2 hour late – thats called “sober handling”. Never off script. Never takes questions. And his wife always looks pissed at him.

Odie1941 on October 10, 2011 at 9:41 AM

The president’s workdays are said to end early, often at 4 p.m. He usually has dinner in the family residence with his wife and daughters, then retreats to a private office. One person said he takes a stack of briefing books. Others aren’t sure what he does.

Video games? Surfing the net (for flattering articles about himself)? Staring at himself in the mirror?

We have a clueless president who’s obviously in way over his head, relying on the advice of a sleazy PR guy and an even sleazier slumlord. What could possibly go wrong?

AZCoyote on October 10, 2011 at 9:42 AM

A new report shows that the percentage of decline in household income during the so-called recovery actually doubled that of the recession:

…and democrats are doing everything they can to distract from this absolute failure….

…the anti-war OWC protesters are doing everything they can to let everybody know how much they hate Wall St. money buying government influence….
…………..except when Obama does it:

Obama attacks banks while raking in Wall Street dough

Read more: http://dailycaller.com/2011/10/10/obama-attacks-banks-while-raking-in-wall-street-dough/#ixzz1aNxeniIB

Despite his rhetorical attacks on Wall Street, a study by the Sunlight Foundation’s Influence Project shows that President Barack Obama has received more money from Wall Street than any other politician over the past 20 years, including former President George W. Bush.


…but let’s go after the Air and Space museum…..


Barack Obama Declares War on Wall Street… One-Third of His Campaign Funds Come From Wall Street

Posted by Jim Hoft on Thursday, October 6, 2011, 12:12 PM
http://www.thegatewaypundit.com/2011/10/barack-obama-declares-war-on-wall-street-one-third-of-his-campaign-funds-come-from-wall-street/

One-third of the Obama re-election campaign’s record-breaking second-quarter fundraising came from sources associated with the financial sector, the Washington Post reports.

…kind of obvious that Obama’s anti-wall st. rhetoric is nothing but a front for his pay-for-play schemes like we have seen with GE and Goldman Sachs…….obvious of course except to those super smart OWC protesters….


People in “fat cat”-infested houses shouldn’t throw stones

http://michellemalkin.com/2009/12/14/people-in-fat-cat-infested-houses-shouldnt-throw-stones/

However, a close look at the high-flying financiers whom Barack the Commoner has surrounded himself with in Washington shows how deeply embedded the “ethic of greed” is in Obama World. The Wall Street gamblers that Obama and his wife carped about on the campaign trail were shoveling money to his campaign hand over fist. According to the Center for Responsive Politics, hedge funds and private equity firms donated $2,992,456 to the Obama campaign in the 2008 cycle. Obama, erstwhile critic of the campaign finance practice known as “bundling,” happily accepted more than $200,000 in bundled contributions from billionaire hedge-fund manager James Torrey, more than $100,000 in bundled contributions from billionaire hedge-fund manager Paul Tudor Jones and more than $50,000 in bundled contributions from billionaire hedge-fund manager Kenneth C. Griffin, chief executive officer of Citadel Investment Group in Chicago.

No fewer than 100 Obama bundlers are investment CEOs and brokers: nearly two dozen work for financial giants such as Lehman Brothers, Goldman Sachs, or Citigroup.

Just like with war…liberals are all for it as long as it’s a democrat doing it.


….”Down with Wall St. except when it gives money to Obama!!!!!!”

Baxter Greene on October 10, 2011 at 9:44 AM

That’s pretty scary, of all the people ill-equipped to run the show on their own, The Won has to be at the top of the list.

Cindy Munford on October 10, 2011 at 9:45 AM

Personally I think he is getting whacked on some drug – and I am dead serious.

Odie1941 on October 10, 2011 at 9:41 AM

Damn right he’s whacked on some drug. And that drug is called Barack Obama.

Doughboy on October 10, 2011 at 9:47 AM

This is a new one on me…

The inverted recovery?

The thought he MIGHT be re-elected (stolen votes?) is disconcerting.

golfmann on October 10, 2011 at 9:47 AM

I hope he’s eating his peas …

ted c on October 10, 2011 at 9:49 AM

Obama is another person a long list of examples that thought Keynesian Economics would surely work with the right people in charge. The definition of insanity is? Centuries go by and we still have these idiots who won’t learn from the examples of what history teaches reasonable people.

Keemo on October 10, 2011 at 9:49 AM

His increasing isolation is an indicator of his increasing danger to his country.
Don’t forget, one of the most profoundly central tenets of the liberal mind is that they know the “right” answer to every question, in spite of the fact that the most important questions in life have no “right” answers. As the custodians of “rightness”, they firmly believe that they have the right to suppress anyone who disagrees as backward, ignorant, reactionary and barbaric. And the form of that suppression, driven by a ruthless pragmatism, can be anything that works. ANYTHING!!!
Beware of an isolated and frustrated liberal with power. With all of the other things happening in this scene, there is a growing danger here.

Lew on October 10, 2011 at 9:51 AM

We the people will get even with those who funded this attack on Capitalism and our way of life… “No fewer than 100 Obama bundlers are investment CEOs and brokers: nearly two dozen work for financial giants such as Lehman Brothers, Goldman Sachs, or Citigroup.”

Nice post Baxter; as usual….

Keemo on October 10, 2011 at 9:51 AM

Baxter Greene on October 10, 2011 at 9:44 AM

Well done Baxter…

Do you watch The Good Wife by any chance???

I swear the “Calinda” role was modeled after your info gathering methods.

Odie1941 on October 10, 2011 at 9:53 AM

he’s plotting his malevolence….

ted c on October 10, 2011 at 9:54 AM

I wonder if this is real?

http://newyork.craigslist.org/brk/gov/2618821815.html

Cindy Munford on October 10, 2011 at 9:55 AM

why aren’t the ‘occupiers’ without occupations protesting at the White House. The administration was bought and paid for by Timmy G and his Big G buddies.

ted c on October 10, 2011 at 9:55 AM

The president’s workdays are said to end early, often at 4 p.m. He usually has dinner in the family residence with his wife and daughters, then retreats to a private office. One person said he takes a stack of briefing books. Others aren’t sure what he does.

I have said repeatedly that Obama treats his presidency (as I would imagine he has treated all of his other assorted postions) as a (slacker) student does. He takes weekends off, vacations on a school calendar (and not just because of his daughters’ schedules), ends his day when the last bell rings, goes through the motions of taking homework home, and spends his evenings in recreation.

onlineanalyst on October 10, 2011 at 9:55 AM

He has to carve out time before bedtime to think about the dozen or so things he says he thinks about when he goes to bed and wakes up thinking about. Not a lot of time for meetings between that, golf, speeches and vacations.

cartooner on October 10, 2011 at 9:55 AM

I wonder if this is real?

http://newyork.craigslist.org/brk/gov/2618821815.html

Cindy Munford on October 10, 2011 at 9:55 AM

did you see that at gateway pundit? hoft has it up ..

ted c on October 10, 2011 at 9:55 AM

Show of hands: who couldn’t see this coming?

As obvious as standing in the middle of a set of railroad tracks and predicting that a train will pass close by.

This man has far more in common with Che Guevara than he does with Thomas Jefferson.

The day he leaves the White House for good, be it under his own power or in a set of handcuffs, escorted by Federal Agents, will be a day of great rejoicing for our nation.

turfmann on October 10, 2011 at 9:56 AM

My early morning senior moment above…

This line from Walsh’s Goodwin’s column struck me:

“Blaming the country is political heresy, of course, yet Obama is running out of scapegoats.”

We’re all his scapegoats now. The only trick is finding a big enough bus.

Drained Brain on October 10, 2011 at 9:56 AM

One person said he takes a stack of briefing books. Others aren’t sure what he does.

are we sure its not just a stack of “Color Me Obama” books?/

for the children../

ted c on October 10, 2011 at 9:56 AM

We’re all his scapegoats now. The only trick is finding a big enough bus.

Drained Brain on October 10, 2011 at 9:56 AM

I’ve said before, we’re all Mary Joe Kopechne now….

ted c on October 10, 2011 at 9:57 AM

I think it’s obvious what he does. He goes through that budget line-by-line just like he repeatedly pledged to do during the campaign.

Doughboy on October 10, 2011 at 9:31 AM

Currently, Obama is reading the messages posted by the “99%” protesters. They are so lyrically heartfelt and provide much campaign fodder.

onlineanalyst on October 10, 2011 at 9:57 AM

Poor thing, friendless and alone. I’m crying on the inside, no really I am.

Bishop on October 10, 2011 at 9:33 AM

Then you’re the only one.

Lanceman on October 10, 2011 at 9:58 AM

Obama is reading the messages posted by the “99%” protesters. They are so lyrically heartfelt and provide much campaign fodder.

onlineanalyst on October 10, 2011 at 9:57 AM

it’s the repetetition of every line that’s getting to him…../

ted c on October 10, 2011 at 9:59 AM

Poor thing, friendless and alone. I’m crying on the inside, no really I am.

Bishop on October 10, 2011 at 9:33 AM

yep, you walk alone in that one…

ted c on October 10, 2011 at 9:59 AM

Poor thing, friendless and alone. I’m crying on the inside, no really I am.

Bishop on October 10, 2011 at 9:33 AM

i’m crying too on the inside, oh wait, that’s a fit of laughter…sorry/

ted c on October 10, 2011 at 10:00 AM

But in the post-recession period from June 2009 to June 2011, the figure fell by 6.7 percent, from $53,518 in June 2009 to $49,909 in June 2011. …

Frankly, I don’t know how most Americans can afford to even buy groceries anymore.

Vashta.Nerada on October 10, 2011 at 10:02 AM

Remember back to December 2008, when the left was so impatient to get Barry into office? They couldn’t wait for him to start “fixing” things, and some were even calling for Bush to leave office early so Barry and his brilliant advisors could get to work.

Next time, lefties, be careful what you wish for . . .

AZCoyote on October 10, 2011 at 10:04 AM

Why would incomes fall during a period of recovery, at least as defined by GDP growth? 

Weird, huh? It’s almost enough to make one think that the political appointees who oversee the measurement of GDP are being less than completely forthright.

Fabozz on October 10, 2011 at 10:06 AM

Frankly, I don’t know how most Americans can afford to even buy groceries anymore.

Vashta.Nerada on October 10, 2011 at 10:02 AM

The only reason I can afford it is because I’ve never been big on eating breakfast. So only having 2 meals a day allows me to spend a lot less on food.

Fast food joints and sitdown restaurants are getting a lot pricier though. So even rising grocery prices still look good in comparison to eating out.

Doughboy on October 10, 2011 at 10:07 AM

Is he working 40 hours a week?

antisocial on October 10, 2011 at 10:08 AM

So we have an AA hire, with a top end double digit IQ, who sailed through his life – drug addicitons included – to POTUS…

Odie1941 on October 10, 2011 at 9:41 AM

You think you’re kidding. I’ve got news for you, I had this idiot’s IQ pegged at about 120 and no higher several years ago. He is of average intelligence at best.

Lanceman on October 10, 2011 at 10:09 AM

What recovery?

MassVictim on October 10, 2011 at 10:10 AM

Nice post Baxter; as usual….

Keemo on October 10, 2011 at 9:51 AM

Baxter Greene on October 10, 2011 at 9:44 AM

Well done Baxter…

Do you watch The Good Wife by any chance???

I swear the “Calinda” role was modeled after your info gathering methods.

Odie1941 on October 10, 2011 at 9:53 AM

Thanks…
It is beyond ironic to watch the same democratic groups(move on…answer…unions) put there anti-war signs down and turn their selective outrage against the very institutions that help provide job creation while at the same time give a total pass to President Goldman Sachs.

There next target is the GOP debates and every candidate needs to follow Cains example by exposing this manufactured outrage and hypocrisy.

Baxter Greene on October 10, 2011 at 10:10 AM

If the reports are accurate, and I believe they are, they paint a picture of an isolated man trapped in a collapsing presidency.

How can something that has never really stood, collapse? He hasn’t had an effective moment in the white house, unless you count signing off on the POS bills that Nancy and Harry sent him.

iurockhead on October 10, 2011 at 10:13 AM

Frankly, I don’t know how most Americans can afford to even buy groceries anymore.

Vashta.Nerada on October 10, 2011 at 10:02 AM

The only reason I can afford it is because I’ve never been big on eating breakfast. So only having 2 meals a day allows me to spend a lot less on food.

Doughboy on October 10, 2011 at 10:07 AM

Fasting twice a week has reduced our food budget significantly. I’m not kidding. We feed the kids. We all eat dinner together, but during the day hubby and I only drink water or tea. We’re also trying to grow our own food. Not much success yet, but we get better at it every year.

txhsmom on October 10, 2011 at 10:15 AM

The president’s workdays are said to end early, often at 4 p.m. He usually has dinner in the family residence with his wife and daughters, then retreats to a private office. One person said he takes a stack of briefing books. Others aren’t sure what he does.

Tee time is earlier these days, since the days are getting shorter. Once we’re on standard time, he’ll quit work at noon.

Steve Z on October 10, 2011 at 10:16 AM

Now it’s getting scary.

Time for 25th Amendment, section 4?

rbj on October 10, 2011 at 9:36 AM

No, that’s not scary.
What IS scary – Joe F’ng Biden is the VP!

VelvetElvis on October 10, 2011 at 10:16 AM

So we have an AA hire, with a top end double digit IQ, who sailed through his life – drug addicitons included – to POTUS…

Odie1941 on October 10, 2011 at 9:41 AM
You think you’re kidding. I’ve got news for you, I had this idiot’s IQ pegged at about 120 and no higher several years ago. He is of average intelligence at best.

Lanceman on October 10, 2011 at 10:09 AM

You are too kind… to Obama.

I will bet my life wages and savings – he isnt close to 120. 95-100 at best.

It is impossible to supposedly be from one of the finest private schools, finest 2 Ivy League schools… and never let anyone see your grades, transcripts, etc. nor ever brag about the academic portion of your career. Its because he cant and knows it.

I know folks who took a course or 2 at an Ivy – and will tell you every 45 minutes they did, 20+ years later. I still have my Dartmouth acceptance letter that I couldn’t afford, from 1990.

Odie1941 on October 10, 2011 at 10:17 AM

Odie1941 on October 10, 2011 at 10:17 AM

When the Dems and the LSM start asking to see Scooter’s transcripts, you’ll know that he’s truly toast.

VelvetElvis on October 10, 2011 at 10:21 AM

ted c on October 10, 2011 at 9:55 AM

That’s where I saw it and I trust Mr. Hoft but even good guys can be fooled. I know little of Craigslist and figured fellow commenters would set me straight.

Cindy Munford on October 10, 2011 at 10:23 AM

If the reports are accurate, and I believe they are, they paint a picture of an isolated man trapped in a collapsing presidency.

Anyone with half the IQ of the Ivy League advisers he surrounded himself with could have predicted this. Ideas have consequences and these consequences were obvious from the start.

chemman on October 10, 2011 at 10:24 AM

Personally I think he is getting whacked on some drug – and I am dead serious.

It has been widely reported and witnessed – Obama’s lack of emotion and/or care about more important subjects and issues of being President. In fact – the dunce himself has complained ad nauseum how “hard” it is to be President. We know he had(has?) a long term drug dependency issue – again the dunce tells you that himself.

These accounts, surrounded by important people (Valerie Jarrett) who dont seem to care – usually occurs through apathy and/or enabling of a drug addict.

Will he end up like Michael Jackson?

Steve Z on October 10, 2011 at 10:24 AM

The Guardian, Jan 28, 2009:

Ex-president Bush rose at 5.45am and was at his desk by 6.45am. He worked until 6pm, taking meetings in strict five-minute blocks. He ran three miles in 21 minutes before lunch every day. He does not drink. Women’s skirts – in his White House – had to fall below the knee.

Obama gets up hours later – aides during his campaign said he did much of his strategising after midnight. He smokes, he drinks beer while watching sports, and has mentioned keeping his regular poker night while president.

IrishEi on October 10, 2011 at 10:25 AM

I don’t understand why Wall Street would want The Won reelected do they think there is no end to taxpayer bailouts?

Cindy Munford on October 10, 2011 at 10:26 AM

Lanceman on October 10, 2011 at 10:09 AM

120 is just a bit high. Average is 90 – 110. I doubt he is even triple digit average.

chemman on October 10, 2011 at 10:26 AM

Personally, I’m glad he’s sitting in a dark room all by himself in the house that I help pay for. Our biggest problem is still all the flying monkeys he’s created that are trying their darndest to ruin this country. If we nominate and elect someone who has promised to fire all the czars and eliminate regulations and their creators and they don’t do it, they’re going to see a lot of tea types on the steps of the capital. We are all doing a slow boil over this regime’s political/criminal activities and we’re not going to let it go on past Nov ’12.

Kissmygrits on October 10, 2011 at 10:32 AM

No mystery here…there never was a recovery…pretty simple stuff…

For some reason we still listen to the same knuclkehead Ivy League economists that predicted the housing boom would go on forever, the “New Economy”, green shoots, blah, blah, blah…

It’s a Depression…and it’s about to get a lot worse…

PatriotRider on October 10, 2011 at 10:32 AM

Even the Mooche doesn’t seem to be walking with him anymore…

PatriotRider on October 10, 2011 at 10:34 AM

Vashta.Nerada on October 10, 2011 at 10:02 AM

When he said energy prices would necessarily skyrocket as a result of his policies he forgot to say everything else would to. My grocery costs are up 50% in the past year and I have not changed what I buy. As a retiree I’d be in a world of hurt if I didn’t outright own my property, have a well, a septic system and my own energy systems. I just installed a wood stove to heat with to reduce that cost also. I feel for those who have to pay for all of the above.

chemman on October 10, 2011 at 10:36 AM

I must be increasingly difficult for the MSM to cover for this assclown…

PatriotRider on October 10, 2011 at 10:39 AM

My grocery costs are up 50% in the past year and I have not changed what I buy.

chemman on October 10, 2011 at 10:36 AM

Same here. Every week I’m shocked at the prices—yet there’s not a peep about this in the msm.

IrishEi on October 10, 2011 at 10:42 AM

Even the Mooche doesn’t seem to be walking with him anymore…

PatriotRider on October 10, 2011 at 10:34 AM

Generally a wife will go into protection mode for her kids, then herself – even a Michelle Obama…

Shes got a useless, drugged up/boozing President husband who cannot be exposed – and the actions continue. His enablers enable and she is pissed… pretty much the makeup for 90% of spouses with addictive companions.

Odie1941 on October 10, 2011 at 10:48 AM

This is what happens when we elect a person that only knows how to organize a community. The media is so culpable w/ their complicity of all this. The more stories like this come out, the more ticked off I get.

Static21 on October 10, 2011 at 10:51 AM

A couple points on the study – note that 2000 was the peak year for the Dot-Com Bubble of the late 1990s, so referencing January 2000 as the starting point for what happened with median household income later means that everything else isn’t going to look as bright (except perhaps for the peak of the housing bubble in 2006). The authors should have referenced the average median income for the pre-recession period for setting up their baseline for comparison as a more realistic baseline.

Even so, the collapse in median household income after 2007 is still very dramatic. Here is a chart partially exploring who really lost incomes since the recession began.

ironman on October 10, 2011 at 11:03 AM

He talks mostly, and sometimes only, to friend and adviser Valerie Jarrett and to David Axelrod, his political strategist.

Bunker mentality.

GarandFan on October 10, 2011 at 11:06 AM

True to form (his Alinsky root and community organizer route), everything Obama did, he resorted to either thuggery to get ALL of what he wanted, or failing that, to agitate the class warfare and promoting civil unrest.

EVER SINCE he took the office. How people failed to see that is beyond me.

Sir Napsalot on October 10, 2011 at 11:06 AM

Shared sacrifice mu butt. The majority of wealth lost during the administration has disproportionally affected the middle class – the one’s the One wants to pit against the wealthy. His policies have destroyed the sense of unity this country has historically had between economic classes. GTFO January 2013.

Fuquay Steve on October 10, 2011 at 11:09 AM

If the decline in nominal incomes looks bad, watch what inflation will do.

petefrt on October 10, 2011 at 12:03 PM

He talks mostly, and sometimes only, to friend and adviser Valerie Jarrett and to David Axelrod, his political strategist.

Resign, champ. Save yourself the heartbreak. Then see Al Gore’s psychiatrist for help.

petefrt on October 10, 2011 at 12:15 PM

I read the NY Post column. From the second page:

Harvey Golub, former chairman of American Express, called the “jobs” bill an incoherent mess. Writing in The Wall Street Journal, he said that among other flaws, the bill includes an unheard of retroactive tax hike on the holders of municipal bonds.

“Many of us have suspected that economic illiterates were setting the economic policy of this administration,” Golub wrote, adding that the bill “reveals a depth of cluelessness that boggles the mind.”

I presume Jarrett directed this mess.

INC on October 10, 2011 at 12:54 PM

I read the NY Post column. From the second page:

Harvey Golub, former chairman of American Express, called the “jobs” bill an incoherent mess. Writing in The Wall Street Journal, he said that among other flaws, the bill includes an unheard of retroactive tax hike on the holders of municipal bonds.

“Many of us have suspected that economic illiterates were setting the economic policy of this administration,” Golub wrote, adding that the bill “reveals a depth of cluelessness that boggles the mind.”
I presume Jarrett directed this mess.

INC on October 10, 2011 at 12:54 PM

The true wealthy in America – of both party’s – invest in muni’s – for its a fixed and guaranteed return.

Between this and taking away the non profit donations that effects the arts… Obama is truly eating his own.

He is either a complete moron, nothing more than a puppet – or both. Everyone in politics understands it’s a money game.

Odie1941 on October 10, 2011 at 1:54 PM

The president’s workdays are said to end early, often at 4 p.m. He usually has dinner in the family residence with his wife and daughters, then retreats to a private office. One person said he takes a stack of briefing books. Others aren’t sure what he does.

So who’s the guy out there fund raising just about every night?

He talks mostly, and sometimes only, to friend and adviser Valerie Jarrett and to David Axelrod, his political strategist.

I’m sure it’s all about governing strategy and not campaign strategy.

chickasaw42 on October 10, 2011 at 4:59 PM

“A decline of this magnitude represents a significant reduction in the American standard of living.”

Obama’s declared mission has now been accomplished. Just as he promised on the campaign trail.

Of course, he’s not done with us yet. He wants to suck yet more cash out of us before he goes.

disa on October 10, 2011 at 7:32 PM

then retreats to a private office. One person said he takes a stack of briefing books. Others aren’t sure what he does

Shades of another former world leader, sitting in his bunker, moving long defeated and destroyed battalions across imaginary battlefields, pretending to take ground that has long been lost.

/It would be sad really, if the rest of the country hadn’t been so damaged by this very flawed AA president.

AZfederalist on October 10, 2011 at 9:22 PM