President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (145864)	9/14/2014 12:04:45 PM
From: tejek	Read Replies (1) of 149317

I looked at the most recent Census Bureau data as analyzed by statisticians from Sentier Research. Last month, Sentier released “Household Income on the Fifth Anniversary of the Economic Recovery: June 2009 to June 2014.” This report found, depressingly, that five years into an “economic recovery,” real median household income “is now 3.1 percent below that of June 2009 when the ‘great recession’ officially ended.” In dollar terms, real median household income fell by $1,698. So much for the Obama claim on Labor Day that “by nearly any measure, the economy is doing better.” Well, actually, for more than half of Americans, their personal financial situation is worse. Why is this surprising to you? It has nothing to do with Keynesian or Obama's economics. It has every thing to do with a surplus of labor and our beloved American corps taking advantage of that surplus.

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