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Under Obama, Poor, Middle
Class Incomes Fall Sharply

Investor's Business Daily, by John Merline

Original Article

Posted By:RustMB, 10/2/2012 8:21:56 AM

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...

      


Post Reply  

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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R-G1
  
R-VAR_AD


 
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)




Most Recent Articles posted by "RustMB"



Mainstream Press to Obama:
Thank You, Sir, May I Have Another?
Investor´s Business Daily, by IBD Staff    Original Article
Posted By: RustMB- 3/21/2014 6:00:57 AM     Post Reply
Bias: How much abuse will the mainstream media take before they stand up for themselves? When the abuse comes from the Obama administration, their tolerance appears to be unlimited. This week, for example, two things happened that should have sent reporters into a frenzy of outrage. First, there were reports that the Obama administration has effectively crippled the Freedom of Information Act, despite Obama´s promise of unequaled transparency. Nearly half the federal agencies got an F grade for FOIA compliance, according to a Center for Effective Government report. And Cause of Action discovered that the administration had created a new FOIA exemption,

   

 

  


 
Why Is the ObamaCare Mandate So Toothless?
Investor´s Business Daily, by Editorial    Original Article
Posted By: RustMB- 3/20/2014 7:30:22 AM     Post Reply
Health Care: Some think Democrats designed ObamaCare to fail so they could get to a single payer system. Seems a bit extreme. But it does help explain why they made the individual mandate so easy to avoid. According to ObamaCare´s architects, the individual mandate is key to making the law work. The mandate is supposed to force young and healthy people to enroll so they can subsidize premiums for the older and sicker. Otherwise, ObamaCare rates will spiral out of control. (Which already appears to be happening, according to TheHill.com.) The mandate is also supposed to prevent gaming the system — wherein people
Byline corrected by Staff

Judging Obama´s Economy
By His Own Promises
Investor´s Business Daily, by John Merline    Original Article
Posted By: RustMB- 3/20/2014 7:28:54 AM     Post Reply
President Obama gave a speech recently in which he, as he almost always does, patted himself on the back for what he described as a solid record on the economy. "We´ve now seen over four years of economic growth," he said. "We´ve seen 8.5 million new jobs created. We´ve seen the housing market bounce back. We´ve seen an auto industry that has come roaring back. We´ve seen manufacturing return for the first time since the 1990s." Obamaphiles in the press typically repeat these claims, arguing that, given the mess he inherited, no one could have done any better. But is that true? And

Another ObamaCare
Rate Shock On The Way
Investor´s Business Daily, by Editorial    Original Article
Posted By: RustMB- 3/19/2014 8:04:48 AM     Post Reply
Health Care: The administration issued new rules last week to spare President Obama more political damage from his phony "keep your doctor" promise. But in so doing, they´ve set in motion another ObamaCare rate shock. Soon after enrolling in ObamaCare, many people discovered the high cost of believing Obama´s promises. Not only were millions required to change plans, but many learned that their "new-and-improved" ObamaCare plans forced them to give up their doctors and hospitals, too. Turns out that insurers — desperate to keep premiums as low as they could in the face of ObamaCare´s costly benefit mandates, taxes and

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Health Care: ObamaCare is turning out like the nine-headed Hydra monster of Greek mythology. Every time President Obama tries to lop off one of its failures, two more emerge. Recent news provides a good case in point. On Wednesday, Obama decreed that those who had plans they liked before ObamaCare could keep them for two more years. The move helped solve a huge political problem Obama himself created when he first made it possible for some people to keep plans they liked. Obama had allowed just a one-year extension — where he gets the authority to do any of this is beyond us

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Investor´s Business Daily, by IBD Staff    Original Article
Posted By: RustMB- 3/7/2014 6:32:07 AM     Post Reply
Economy: When not making excuses for President Obama´s dismal economic record, liberals try to explain away Texas´ stellar growth. But what choice do they have? The Lone Star State proves limited government works. After Gov. Rick Perry entered the presidential primaries in 2011, the left made a determined effort to dismiss the fact that his state had outperformed the rest of the country. Economist and New York Times columnist Paul Krugman called it the "Texas Unmiracle." Time magazine dismissed Texas´ burgeoning growth as mere luck. Others chimed in along the same lines, insisting that low taxes, limited government spending and a business-friendly

   

 

B-G1


 
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Investor´s Business Daily, by John Merline    Original Article
Posted By: RustMB- 3/4/2014 8:12:20 AM     Post Reply
To say that President Obama is not an enthusiastic backer of the two Medicare programs that offer seniors private insurance options would be something of an understatement. Over the years, Obama has repeatedly derided Medicare Advantage — the program that lets seniors enroll in subsidized, private insurance. He once called it "wasteful," and said it amounted to "giveaways that boost insurance company profits but don´t make (seniors) any healthier." Obama has been equally harsh when it comes to Medicare Part D — the drug benefit President Bush signed into law that relies on privately run plans. In his 2006 book,

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Falls On CBO Job Loss News
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Posted By: RustMB- 2/27/2014 5:59:56 PM     Post Reply
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Posted By: RustMB- 2/25/2014 6:48:43 AM     Post Reply
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Don´t Mend, Just
End ObamaCare
Investor´s Business Daily, by IBD Staff    Original Article
Posted By: RustMB- 2/21/2014 7:06:40 AM     Post Reply
Promises: Vulnerable Democrats think they´ve found a winning strategy for the November elections: Tell voters they can fix ObamaCare, but Republicans won´t let them. It´s a con. ObamaCare is unfixable. ´Joe Garcia is working to fix ObamaCare," says an ad for the Florida House Democrat. "He voted to let you keep your existing health plan and took the White House to task for the disastrous health care website." Of course, Garcia fails to mention ObamaCare is the reason millions lost their health plans to begin with. Or that its problems extend well beyond a glitchy website. But this is the Democrats´ midterm election

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Posted By: RustMB- 2/20/2014 7:57:49 AM     Post Reply
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R_DBL_B
  


 
Stagflation, Anyone?
Investor´s Business Daily, by IBD Staff    Original Article
Posted By: RustMB- 2/19/2014 9:03:00 AM     Post Reply
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