Did You Know...

   

‘Recovery’ re-defined

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

**Written by Doug Powers

null

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’”):

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

blog comments powered by Disqus
~ For the latest breaking news, be sure to join Michelle's Email List:

But remember, the border is secure!

October 26, 2014 12:21 PM by Doug Powers

border

No laughing matter

Number of people saying ‘do not panic’ about Ebola might be about to drop now that it’s in NYC

October 23, 2014 09:10 PM by Doug Powers

ebolaczar

“Implementation expert” to the rescue?


Categories: 2014 Campaign, Barack Obama, Campaign finance, Democrats

Follow me on Twitter Follow me on Facebook