Senate Democrats vs. the Middle Class [Obama's "recovery" has hurt blacks, women, and the poor]

Wall St. Journal ^ | August 17, 2014 | Phil Gramm And Michael Solon

[grundle]

If the Obama recovery had been as strong as the average of the previous 10 postwar recoveries, 13.9 million more Americans would be working today and the average real per capita income of every man, woman and child in America would be $6,308 higher.

But the real scorecard on the Senate Democrats elected in 2008 is in the Census Bureau's Current Population Survey data. While all Democrats claimed to be champions of the middle class and defenders of minorities and women, census data show how their program did not live up to their campaign promises.

Since the Senate Democratic Class of 2008 took control, the average real income of the poorest one-fifth of American families has declined every year, falling to $15,534 in 2012 from $16,962 in 2008 (the 2013 data will be released Sept. 16). The average real income of the lowest quintile of Americans is now below the level it was in 1968, the year when the War on Poverty began its spending surge.

The next-highest income quintile, often referred to as the working class, has also experienced a continuous decline in real income since January 2009. The average income of these Americans has fallen 6.5% and is now $1,182 lower than it was when President Reagan left office.

The third quintile—America's middle class—has seen its average income decline to $62,464 from $65,672. More than half of this decline has occurred since the recovery officially began in the second quarter of 2009.

Under the Obama administration, the median income of women has fallen more during the recovery than it did during the recession, an unprecedented economic failure in postwar America.

The real median income of African-American households has fallen by 9.5%, more than any other major census classification.

[Joe Boucher]

“the Obama recovery”?
What recovery?
Just more crappola coming from this moose limbs folks.

[DeaconRed]

"The real median income of African-American households has fallen by 9.5%, more than any other major census classification."

Proof beyond any reasonable doubt that a lot of them ARE MIND NUMB ROBOTS.
If only they would just ask the one question they NEVER ask.
What have you done for us except flap your gums and blame everything on the Republicans.

[jaydee770]

Unfortunately, the folks that need to hear this probably lack the interest to learn how to understand the significance of the information they are being given. They will continue to sell their vote to the greater “Santa Claus” listed on the ballot and gleefully keep getting used.

[Night Hides Not]

Just great...the messenger is none other than the lead author of the Gramm Leach Bliley Act, and played a large role in the obliteration of the firewalls between regular banking and investment banking. This Act was one of the many contributors to the banking crisis in 2008.

Of course, Gramm retired shortly after the bill's passage, and went to work for UBS AG.

[MrB]

Communists hate the middle class.

No more explanation needed.