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‘Recovery’ re-defined

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By Doug Powers  •  August 25, 2013 03:52 PM

**Written by Doug Powers

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A snapshot of a portion of the current “recovery” by way of The Weekly Standard:

During the recession, the median American household income fell by $1,002 (from $55,480 to $54,478). During the recovery—that is, from the officially defined end of the recession (in June 2009) to the most recent month for which figures are available (June 2013)—the median American household income has fallen by $2,380 (from $54,478 to $52,098). So the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama “recovery” began.

Importantly, these income tallies include government payouts such as unemployment compensation and cash welfare. So Obama’s method of funneling ever-more money and power to Washington, and then selectively divvying some of it back out, clearly isn’t working for the typical American family.

The rest of the story is here.

The media often irresponsibly fails to mention any of these things when dutifully passing along White House talking points about the current fake “recovery.”

A few weeks before the 2012 election Joe Biden even admitted it (under “buried” in the Obama administration’s economic dictionary it says “see: ‘recovery'”):

[youtube=http://www.youtube.com/watch?v=nlvqqNG4hr8&w=420&h=236]

And yet that still wasn’t enough to not get them re-elected.

Meanwhile, President “I’ll spend every minute of every day fixing the economy” Obama is making those repairs from the golf course again today. Feel the recovery!

**Written by Doug Powers

Twitter @ThePowersThatBe

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Categories: Barack Obama, Health care, New York Times, Paul Krugman