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Topic: Under Obama, Poor, Middle
Class Incomes Fall Sharply |
Under Obama, Poor, Middle
Class Incomes Fall Sharply
Investor's Business Daily, by John Merline
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Original Article
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Posted By:RustMB, 10/2/2012 8:21:56 AM
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| Despite repeated promises that he would build prosperity from the bottom up, President Obama has presided over three years of income losses for the middle class, according to the latest household income data from the Census Bureau. 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...
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Reply 1 - Posted by:
GreatGreyhounds, 10/2/2012 8:37:41 AM (No. 8903797)
But the MSM is still selling to the stupid and ignorant that Our Dear Reader 'cares' for them...
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Reply 2 - Posted by:
edgar, 10/2/2012 8:52:31 AM (No. 8903828)
Romney needs to pound this home at the debates. Candidate Obama says one thing, President Obama does another. Obama has not delivered, provide the numbers. Romney will lead from the front and get the economy moving!
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Reply 3 - Posted by:
Feebie, 10/2/2012 9:12:28 AM (No. 8903875)
"Who dies first" under socialism. Every time.
Learned helplessness is a very sad and debilitating psychological condition that is always the unintended consequence of centralized government "help".
When the money is gone, so goes the ability to take care of ones self.
Statism is without dignity. It is without morals. And I would submit, is pure evil.
Liberals, the blood is on your hands.
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Reply 4 - Posted by:
GoDeacs79, 10/2/2012 10:54:39 AM (No. 8904079)
Obama is dumb as a brick when it comes to anything that will help this economy. (I was tempted to end that sentence after the word "brick.")
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Reply 5 - Posted by:
MickTurn, 10/2/2012 11:50:54 AM (No. 8904218)
Oh yea, Obama's FOR the Little Guy, after he puts them into total poverty with meager handouts then steals from the rich and dolls out all the money he steals to his cronies so they can all live large at everyone elses expense.
How's that poverty working out for ya Middle/Poor Americans?
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Below, you will find ...
Most Recent Articles posted by "RustMB"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "RustMB"
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Are ObamaCare´s ´Markets´
Doomed To Fail?
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/24/2013 7:55:58 AM
Post Reply
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Industrial Policy: What if government created an insurance "marketplace" and no one came? As the launch of the ObamaCare insurance exchanges draws near, that could happen — bringing the reform crashing to the ground. The premise of ObamaCare´s exchanges was that they would provide individuals and small businesses a choice of many competing health plans. And because the plans all have to provide the same benefits, consumers would be able to shop around for the best deal. But evidence is piling up that the law won´t live up to this promise,
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Texas, Red States Beat Blue
States On Jobs, Growth
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 5/23/2013 8:10:15 AM
Post Reply
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Texas outperformed every other state in the nation on jobs and growth over the past decade, according to the latest annual report on state economic performance released Thursday by the American Legislative Exchange Council. Michigan came in dead last. The rankings are based on state GDP growth, population shifts, and changes in non-farm payroll jobs between 2001 and 2011. The ALEC report also finds that Utah has the best economic outlook this year, and Vermont the worst.
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CBO: Obama Vastly Exaggerated
Deficit Cuts In Budget
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 5/17/2013 5:57:35 PM
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President Obama vastly exaggerated the spending cuts and deficit reduction his budget plan would produce, while dramatically undercounting the level of tax hikes, according to a Congressional Budget Office analysis of his budget released Friday. When Obama put out his budget in mid-April he said that it "will reduce our deficits by nearly another $2 trillion," and "does so in a balanced and responsible way, a way that most Americans prefer." But the CBO report finds that Obama´s budget will cut 10-year deficits by just $1.1 trillion, with annual deficits starting to rise again after 2017.
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IRS Lies About Tax Scandal
Continue To Mount
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/17/2013 7:25:21 AM
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Like everything else the IRS has said about the tax scandal, its explanation for why it ended up targeting conservative groups turns out to be completely false. Which raises the question: Why are IRS officials trying so desperately to hide what really went on? Ever since the tax scandal broke, top IRS officials have insisted that the reason it started singling out conservative groups for extra review was because the agency was getting a flood of tax-exempt applications. In an op-ed for USA Today, for example, Steven Miller
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The Texas Economic Lesson
Obama Refuses To Learn
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 5/10/2013 7:05:34 AM
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President Obama went to Texas on Thursday to kick off a nationwide tour pushing his economic policies, apparently unaware that Texas has thrived the past four years by doing pretty much the opposite of what Obama has prescribed. Since taking office, Obama has pushed more government as the way to get the economy moving. He dramatically boosted spending, imposed massive amounts of new regulations, ran enormous deficits, and has imposed more than $1 trillion in tax hikes.
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Proof That ObamaCare Will
Fuel Health Care Inflation
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/8/2013 9:06:46 AM
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Health Costs: Americans were promised that ObamaCare would make their health care more affordable. But a pair of studies show the new system has done nothing to lower health costs and will sharply raise them. Between 2009 and 2011, U.S. health spending rose just 3.9% a year, the lowest annual gains in decades. The Obama administration was quick to claim credit for the slowdown, with Health and Human Services Secretary Kathleen Sebelius saying ObamaCare had "contributed to the slowest sustained growth in health spending in 50 years."
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The ObamaCare Train
Wreck Is Already Here
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/7/2013 9:27:46 AM
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Medical Overhaul: Democrats fret about a "train wreck" when ObamaCare goes into effect next year. But the law is already a disaster for workers who´ve seen their hours and benefits cut as employers try to avoid its costs. As IBD´s Jed Graham reported late last week, government data clearly show that businesses are already cutting worker hours and benefits in advance of ObamaCare´s employer mandate, under which every business with 50 or more full-time workers will have to provide government-approved insurance.
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Most Active Articles (last 48 hours)
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Lois Lerner´s Brief And
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NPR, by Frank James
Original Article
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Posted By: JoniTx- 5/22/2013 10:21:38 PM
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The public got its first look Thursday at Lois Lerner, who has gone from faceless IRS bureaucrat to the face that launched what feels like 1,000 congressional hearings and conspiracy theories. But it was only a brief sighting since she didn´t stay long at a House hearing to further probe her role in how some IRS workers came to target conservative groups seeking tax-exempt status. (Snip)She did make a short statement to declare her innocence, however. Lerner´s motivation was more transparent than much of what the IRS has done in connection with this controversy. She was determined to
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Criminality Appears To Lie at the
Heart of the IRS Scandal
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New York Sun, by Lawrence Kudlow
Original Article
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Posted By: FlyRight- 5/23/2013 5:59:27 AM
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When you get right down to it, the political targeting and stalling of tax-exempt applications by the IRS was an effort to defund the Tea Party. Rick Santelli, one of the Tea Party founders and my CNBC colleague, was the first to make this point. I’ve taken it a step further: The IRS was taking the Tea Party out of play for the 2012 election, as it looked to avoid a repeat of 2010 and another Tea Party landslide.There are a lot of numbers out there.
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Eva Longoria graduates with
master´s degree in Chicano studies
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Los Angeles Times, by Nardine Saad
Original Article
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Posted By: NorthernDog- 5/23/2013 3:03:53 PM
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Eva Longoria is backing up her beauty with a whole lot of brain. The actress graduated with a master´s degree Wednesday. Longoria, 38, took home a real degree (not an honorary one) in Chicano studies from Cal State Northridge, where she physically attended classes for three years, according to TMZ. "Big day today!!! Very excited to graduate for my master´s degree in Chicano studies! You´re never too old or too busy to continue your education!" the actress wrote on her Who Say site Wednesday, sharing loads of pics of her big day, posing with her family, cohorts and diploma.
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Why was the Department
of Homeland Security monitoring
Tea Party IRS demonstrations?
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American Thinker, by Sally Zelikovsky
Original Article
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Posted By: magnante- 5/23/2013 8:09:21 AM
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What´s so interesting about 60 tea partiers protesting the IRS in San Jose, California on Tuesday, May 21st? The fact that this bit of information was conveyed to the protesters by a Department of Homeland Security officer who was also in attendance. What was a DHS agent doing at the San Jose Tea Party protest? (snip) they weren´t just spying on us in San Jose and monitoring us in San Francisco, they were watching us throughout the entire state
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Obama nominates Nuland for
assistant secretary of state
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Politico, by Reid J. Epstein
Original Article
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Posted By: KarenJ1- 5/23/2013 10:08:52 PM
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President Obama on Thursday nominated Victoria Nuland, a State Department official involved in the editing of the administration´s talking points on Benghazi, to be the next assistant secretary of state for European and Eurasian affairs. Nuland, a career foreign service officer who was until recently State´s top spokesperson, had long been expected to be nominated the post to replace Philip Gordon, who Obama picked to serve as Middle East coordinator for the National Security Council. Nuland´s nomination -- which requires Senate confirmation -- could come under scrutiny from Republicans who see her as playing a central role in shaping
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The Mystery Night
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Politico, by Rich Lowry
Original Article
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Posted By: RappVol- 5/23/2013 7:36:59 AM
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On “Fox News Sunday” last weekend, White House aide Dan Pfeiffer was asked about President Barack Obama’s whereabouts the night of the Sept. 11 attack in Benghazi. This was the night when we lost our first ambassador in 30 years, and when three other Americans were killed in an attack that lasted all night long at multiple locations within the eastern Libyan city. Since the president is commander in chief, one would think where he was and what he did during such an event would be of obvious public concern.
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Darrell Issa: Lois Lerner
lost her rights
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Politico, by Rachel Bade
Original Article
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Posted By: JoniTx- 5/22/2013 3:34:05 PM
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House Oversight and Government Reform Committee Chairman Darrell Issa said embattled IRS official Lois Lerner waived her Fifth Amendment rights and will be hauled back to appear before his panel again. The California Republican said Lerner’s Fifth Amendment right to avoid self-incrimination was voided when she gave an opening statement this morning denying any wrongdoing and professing pride in her government service. “When I asked her her questions from the very beginning, I did so so she could assert her rights prior to any statement,” Issa told POLITICO. “She chose not to do so — so she waived.”
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