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Obama's Accelerating Downward Spiral For America
Forbes ^ | September 2, 2012 | Peter Ferrara

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. That’s a loss of $4,019 per family, the equivalent of losing a little less than one month’s 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. He’s 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 ...


TOPICS: Business/Economy; Extended News; Government
KEYWORDS: 2012; agenda21; clintons; deindustrialization; minnesota; obama; openborders; opensociety; soros; un; wealthdestruction
Some well-put-together facts about the economic devestation caused by the policies of President Barack Obama.

Please read the whole thing by going to the site.

1 posted on 09/05/2012 4:22:15 AM PDT by No One Special
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To: No One Special

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.


2 posted on 09/05/2012 4:38:58 AM PDT by black_diamond
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To: No One Special
I think Rush is correct, this is intentional.

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.

3 posted on 09/05/2012 7:14:49 AM PDT by opentalk
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To: No One Special

Send this to everyone that you know.


4 posted on 09/05/2012 1:41:14 PM PDT by Eagles6
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To: opentalk

You are missing one of the REALLY evil b@st@rds behind the UN and NWO: Maurice Strong.


5 posted on 09/05/2012 1:44:21 PM PDT by Little Ray (AGAINST Obama in the General.)
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To: Little Ray
From June 2012,

Godfather of Global Green Thinking Steps Out of Shadows at Rio+20

6 posted on 09/05/2012 2:09:26 PM PDT by opentalk
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To: No One Special
Obama 2008:

...“We can’t 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. “That’s not leadership.

That’s not going to happen,”

7 posted on 09/05/2012 2:33:13 PM PDT by opentalk
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To: No One Special

http://www.govtrack.us/congress/bills/112/hr5544?utm_campaign=govtrack_email_update&utm_source=govtrack/email_update&utm_medium=email


8 posted on 09/09/2012 7:18:22 PM PDT by Wisconsinlady ("When injustice becomes law, then resistance becomes duty." Thomas Jefferson)
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To: Wisconsinlady

H.R. 5544: Minnesota Education Investment and Employment Act

112th Congress, 2011–2012

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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Bill Overview

Status:

Introduced

May 08, 2012

Referred to Committee

May 08, 2012

Reported by Committee

Aug 01, 2012

Passed House

(not yet occurred)

Passed Senate

(not yet occurred)

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.

Prognosis:
Just 29% of all House bills reported favorably by committee in 2009–2010 were enacted.

Text:Read Bill Text

Cosponsors:show cosponsors (1)

Committees:
House Committee on Natural Resources

The committee chair determines whether a bill will move past the committee stage.

Primary Source
THOMAS (The Library of Congress)
THOMAS is updated generally one day after events occur and events since the last update may not be reflected here.
Citation
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Related Bills:
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Subject Areas:
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Public Lands and Natural Resources

Education programs funding

Forests

Land transfers

Minnesota

Wilderness and natural areas, wildlife refuges, wild rivers, habitats

Official Summary

This summary was written by the Congressional Research Service, a nonpartisan arm of the Library of Congress. GovTrack did not write and has no control over these summaries.

5/8/2012—Introduced.

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.


9 posted on 09/09/2012 7:19:50 PM PDT by Wisconsinlady ("When injustice becomes law, then resistance becomes duty." Thomas Jefferson)
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