I’m a day late or so in getting to this, but it’s still noteworthy. While the Democrats and the media tell us that we’ve been in a recovery for the past four years, the numbers tell a different story. The only reason the unemployment rate isn’t in the double digits is that so many Americans have dropped out of the workforce, many of them filing disability claims. At the same time, those of us still working have seen our income fall yet again. Welcome to the Obama economy!
As the Federal Reserve pumpity-pump-pump-pumps so the rich can get richer in the very stock market in which Democrats and the media ensured you and I wouldn’t be allowed to invest our Social Security, according to a study by Sentier Research, out here in the real world, wages took a major dive of 1.1% in just a single month.
According to the New York Times (who hid the bad news in a headline that reads, “Median Household Income Down 7.3% Since Start of Recession“), this is the first time in over a year a one-month drop in median annual income was statistically significant. Moreover, since the beginning of Obama’s “recovery,” median income has dropped a full six-percent.
Those of you who only get your news from the mainstream media might not know that during a real recovery wages are supposed to increase, not decrease.
I’m thinking this is more like a very tentative remission than it is a recovery. But of course, President Obama is given a pass from the media, who would be all over the rotten economic news if a Republican was in the White House.