April 24, 2013 by Ben Bullard
According to a new statistical report, the only Americans who saw their money grow during the past two years of “economic recovery” touted by the Administration of President Barack Obama are those who weren’t hurting to begin with: the wealthy.
Everybody else? On the whole, they lost money. But who does that group include, exactly?
Why, nearly everyone.
According to the report, published Tuesday by the Pew Research Center, 93 percent — that’s 93 percent – of the American population saw their households’ mean net worth fall by an average of 4 percent between 2009 and 2011.
Four percent isn’t negligible, but it’s at least small enough a number to defend rhetorically: “[W]e are poised to grow in 2013,” Obama dissembled in February, after a bad economic report indicated his spending-spree recovery policy might not be working.
But 93 percent isn’t negligible. That’s almost everyone — every household in the United States. Whether incomes in those households rose a little, stayed flat or fell, their
I know…George W. Bush did it. Could it be possible that Presidents from Lyndon B. Johnson through Barak Obama each played a role in the economic decline of America and the overall prosperity of its citizens by failing to leave business to the business community and stick to what they were elected to do – govern?