System Shock: American Incomes Have Fallen $3,040 During Obama Recovery, Maybe We Should Call It The EBT Recovery!?!?!
From: The Weekly Standard
Americans must be wondering how much more of this “recovery” they can afford. New figures from the Census Bureau’s Current Population Survey, compiled by Sentier Research, show that the typical American household’s real (inflation-adjusted) income has actually dropped 5.7 percent during the Obama “recovery.” Using constant 2012 dollars (to adjust for inflation), the median annual income of American households was $53,718 as of June 2009, the last month of the recession. Now, after 38 months of this “recovery,” it has fallen to $50,678 — a drop of $3,040 per household…
Welcome to Obama’s EBT Recovery (Hey it rhymes), since the entire recovery has been based on Govt spending, pulling it from the pockets of the Wealthy and the Middle Class to give EBT Cards and Mobile Phones to the “Freeloader” class…
So, in the words of Obama, “Are you better off than you were four years ago?!?!?”
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