Tuesday, October 2, 2012

Obama--Enemy of the Poor

Real incomes have sharply declined under Obama's rule, especially for the middle-class and poor:
Since 2009, the middle 20% of American households saw their average incomes drop 4%. In 2011 alone, they fell 1.7%. The poorest 20% have fared even worse under Obama, Census data show. Their incomes have dropped more than 7% since 2009, and are now lower than they've been at any time since 1985, after adjusting for inflation.

Meanwhile, the wealthiest have managed to eke out gains in two of the past three years. In 2011, the top 20% saw their average income climb almost 2%, the Census data show.

These results are in direct contrast of what President Obama said his policies would produce when he ran for president in 2008.
Odd that the main-stream media (MSM) hasn't said much, if anything, on this topic.

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