Obama’s Accelerating Downward Spiral For America

Peter Ferrara, Contributor I cover public policy, particularly concerning economics.

9/02/2012
  New income data from the Census Bureau reveal what a great job Barack Obama has done for the middle class as President.  During his entire tenure in the oval office, median household income has declined by 7.3%.

In January, 2009, the month he entered office, median household income was $54,983.  By June, 2012, it had spiraled down to $50,964.  That’s a loss of $4,019 per family, the equivalent of losing a little less than one month’s income a year, every year.  And on our current course that is only going to get worse not better.  Read More…

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