Ladies and Gentlemen:
A very disturbing, but reality based report on the decline of household median annual incomes, down 8%. I’ll catch you on the other side of this report with more of my views.
Median household incomes fell by another 1.1% in August, according to a Sentier Research report released Tuesday.
by Tony Lee
September 26, 2012
“Since Obama took office, according to the report, household incomes are down more than 8%. And since the economic recovery began in June of 2009, household incomes have fallen by 5.7%.
“Even though we are technically in an economic recovery, real median annual household income is having a difficult time maintaining its present level, much less recovering,” said Sentier co-founder and former Census Bureau official Gordon Green.
These figures come as, Business Insider notes, the Census Bureau released its annual report showing three million more people were in poverty in 2011 than 2009, and the “average inflation-adjusted income for households in the middle 20% is now lower than it’s been since 1995.”
In addition, The Health Care Cost Institute released a report that found “per-capita costs jumped 4.6% last year,” and a Center for Disease Control and Prevention report found there were more than one million uninsured Americans in the first three months of 2012 compared with last year.”
Gasoline, thus far, has increased 107% in its cost, since President Obama took office. Why? Why doesn’t Obama allow the Keystone pipeline project to move forward? It is not because of ideological differences with others. It is because he wants to hold the majority of the nation in economic slavery through increased energy costs.
Obama said that the nation’s electricity costs would “necessarily skyrocket.” He has certainly kept that promise.
The median income decreased from $54,000 and change when Obama took office to $51,000.00 and change currently. That’s a drop of $4000.00 in real income.
Keeping as much of one’s paycheck as one can is what I’m for. I am not against taxes. We must have a certain amount for the government to function, whether it be local, state or otherwise. What I am against is the absurdity of the amount taken and the justifications given to ask for more than is needed. That is what is absurd. That is part of, what I call, “economic slavery.”
If my teenage grandson was earning $100.00 a month when Obama was inaugurated in January of 2009, then discovers, to his own surprise, that his paycheck has shrunk to $92.00 for the same amount of work four years later, do you think he would wonder about that? Maybe he would or maybe he wouldn’t. What happened to his paycheck is still real though. He’ll eventually make the connections and figure out what to do about it.
I know what to do about it. My vote is going to Romney. I want my grandson to have his $100.00 plus more purchasing power back. You’ll never get that with Obama. You’ll certainly get it with Romney.