Skip to comments.Obama's Accelerating Downward Spiral For America
Posted on 09/05/2012 4:22:09 AM PDT by No One Special
New income data from the Census Bureau reveal what a great job Barack Obama has done for the middle class as President. During his entire tenure in the oval office, median household income has declined by 7.3%.
In January, 2009, the month he entered office, median household income was $54,983. By June, 2012, it had spiraled down to $50,964. Thats a loss of $4,019 per family, the equivalent of losing a little less than one months income a year, every year. And on our current course that is only going to get worse not better.
Obama never tires of telling us that the economy was in one of the worst recessions since the Great Depression when he entered office, as if he was the only President to have suffered a recession early in his term. But nobody expected that he would use the vast powers of the most powerful office in the world to make it worse. But that is what he has done.
Even if you start from when the recession ended in June, 2009, the decline since then has been greater than it was during the recession. Three years into the Obama recovery, median family income had declined nearly 5% by June, 2012 as compared to June, 2009. That is nearly twice the decline of 2.6% that occurred during the recession from December, 2007 until June, 2009. As the Wall Street Journal summarized in its August 25-26 weekend edition, For household income, in other words, the Obama recovery has been worse than the Bush recession.
The Journal elaborated, The President portrays the financial decline of American families on his watch as part of a decades-long trend. Hes wrong. Real income for middle income households rose by roughly 30% from 1983 to 2005, according to the Congressional Budget Office.
(Excerpt) Read more at forbes.com ...
Please read the whole thing by going to the site.
While all this is happening, Obama’s estimated net worth is now over $10 million. For a guy who has spent most of his “working” life in “public service” that is very interesting.
Obama is here to equalize America with the rest of the world. Transfer power and money out of the country. It helps pave the way for UN/Soros NWO agenda.
Send this to everyone that you know.
You are missing one of the REALLY evil b@st@rds behind the UN and NWO: Maurice Strong.
...We cant drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times and then just expect that other countries are going to say OK, Obama said. Thats not leadership.
Thats not going to happen,
H.R. 5544: Minnesota Education Investment and Employment Act
112th Congress, 20112012
To authorize and expedite a land exchange involving National Forest System land in the Laurentian District of the Superior National Forest and certain other National Forest System land in the State of Minnesota that has limited recreational and conservation resources and lands owned by the State of Minnesota in trust for the public school system that are largely scattered in checkerboard fashion within the Boundary Waters Canoe Area Wilderness and have important recreational, scenic, and conservation resources, and for other purposes.
Sponsor:Rep. Chip Cravaack [R-MN8]Status: Reported by Committee Schedule:The House Majority Leader indicated on Sep 05, 2012 that this bill may be considered in the week ahead.
Bill titles and the summary above are written by the sponsor. H.R. stands for House bill.
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May 08, 2012
Referred to Committee
May 08, 2012
Reported by Committee
Aug 01, 2012
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Signed by the President
(not yet occurred)
The committees assigned to this bill sent it to the House or Senate as a whole for consideration on August 1, 2012.
Just 29% of all House bills reported favorably by committee in 20092010 were enacted.
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Cosponsors:show cosponsors (1)
House Committee on Natural Resources
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Minnesota Education Investment and Employment Act - Directs the Secretary of Agriculture (USDA) to acquire the multiple parcels of land located in Minnesota within the Boundary Waters Canoe Area Wilderness in the Superior National Forest that were granted to the state through the Enabling Act of 1857 to be held in trust for the benefit of the public school system of Minnesota (the state trust lands) in exchange for Minnesota acquiring certain other National Forest System land in Minnesota. Adds the lands acquired by the Secretary to the Boundary Waters Canoe Area Wilderness and modifies the boundaries of such Wilderness to reflect their inclusion.
Deems the lands acquired by Minnesota to be state trust lands and to be held in trust for the benefit of its public school system.
Instructs the Secretary to modify the boundaries of Superior National Forest to reflect the land exchange under this Act.
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