Kathianne
05-01-2012, 07:49 AM
http://www.bloomberg.com/news/2012-05-01/obama-fails-to-stem-middle-class-slide-he-blamed-on-bush.html
Obama Fails to Stem Middle-Class Slide He Blamed on Bush
<cite class="byline"> By Mike Dorning - Apr 30, 2012 7:30 PM CT
</cite>
Barack Obama (http://topics.bloomberg.com/barack-obama/) campaigned four years ago assailing President George W. Bush (http://topics.bloomberg.com/george-w.-bush/) for wage losses suffered by the middle class. More than three years into Obama’s own presidency, those declines have only deepened...
As a candidate in 2008, Obama blamed the reversals largely on the policies of Bush and other Republicans. He cited census figures (http://www.cbpp.org/cms/?fa=view&id=621) showing that median income for working-age households -- those headed by someone younger than 65 -- had dropped more than $2,000 after inflation during the first seven years of Bush’s time in office.
Yet real median household income (http://topics.bloomberg.com/household-income/) in March was down $4,300 since Obama took office in January 2009 and down $2,900 since the June 2009 start of the economic recovery, according to an analysis (http://www.sentierresearch.com/reports/Sentier_Research_Household_Income_Trends_Report_Fe bruary_2012_12_03_29.pdf) of census data by Sentier Research, an economic- consulting firm in Annapolis, Maryland...
Obama Fails to Stem Middle-Class Slide He Blamed on Bush
<cite class="byline"> By Mike Dorning - Apr 30, 2012 7:30 PM CT
</cite>
Barack Obama (http://topics.bloomberg.com/barack-obama/) campaigned four years ago assailing President George W. Bush (http://topics.bloomberg.com/george-w.-bush/) for wage losses suffered by the middle class. More than three years into Obama’s own presidency, those declines have only deepened...
As a candidate in 2008, Obama blamed the reversals largely on the policies of Bush and other Republicans. He cited census figures (http://www.cbpp.org/cms/?fa=view&id=621) showing that median income for working-age households -- those headed by someone younger than 65 -- had dropped more than $2,000 after inflation during the first seven years of Bush’s time in office.
Yet real median household income (http://topics.bloomberg.com/household-income/) in March was down $4,300 since Obama took office in January 2009 and down $2,900 since the June 2009 start of the economic recovery, according to an analysis (http://www.sentierresearch.com/reports/Sentier_Research_Household_Income_Trends_Report_Fe bruary_2012_12_03_29.pdf) of census data by Sentier Research, an economic- consulting firm in Annapolis, Maryland...