SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: combjelly who wrote (794669)7/10/2014 10:50:58 PM
From: i-node  Respond to of 1579777
 
>> As numerous studies have shown, the average American saw their incomes drop since 2000. That is not what we were promised.

That isn't the metric, to be frank about it.

But whether it is even true requires more specificity. If you're referring to median household income, inflation adjusted:

2012 122,459,000 $50,099 $51,017
2011 121,084,000 $49,158 $51,100
2010 119,927,000 $48,415 $51,892
2009 117,538,000 $48,916 $53,285
2008 117,181,000 $49,406 $53,644
2007 116,783,000 $49,341 $55,627
2006 116,011,000 $47,317 $54,892
2005 114,384,000 $45,496 $54,486
2004 113,343,000 $43,544 $53,891
2003 112,000,000 $42,560 $54,079
2002 111,278,000 $41,624 $54,127
2001 109,297,000 $41,458 $54,766
2000 108,209,000 $41,262 $55,987
1999 106,434,000 $39,985 $56,080
1998 103,874,000 $38,127 $54,702
1997 102,528,000 $36,210 $52,784
1996 101,018,000 $34,704 $51,720

Incomes have remained fairly stable, but considering the Clinton recession of 2001 and 9/11, both of which were huge, plus the war on terror and a regionally destructive event like Katrina, incomes held up pretty damned well over the entire period.

In fact, the only major drop in incomes happened AFTER Obama took office and continued to drag the economy down in 2010, 2011, and 2012.

By your metric it is clear that Obama has done far more damage than anyone in the last 20 years.

Consider your claim shot down, once again.