Real median household income soared to $54,932 in 1999 from $50,661 in 1996 based on constant 2011 dollars, an all-time high since the U.S. Census began reporting the data in 1967. By contrast, median household income in November was $51,310 -- $3,850 lower than when Obama took office in January 2009, according to an analysis of census data by Sentier Research, an economic-consulting firm in Annapolis, Maryland. In Clinton’s second term, gross domestic product grew at an average 4.3 percent rate and the unemployment rate averaged 4.4 percent. That created a tight labor market that provided workers leverage to press for higher wages. BloombergClinton, growth policy good for middle class. Clinton policies adopted by House, Senate and Obama in 2012. Obama, at the urging of the numbskulls in California, reverses the Clinton choice and adopts negative growth policy, specifically to destroy the middle class. I calculate the Obama has wipeed out another 5% of America's middle class. I guess stupidity is the plan of the Undemocratic Party.
Sunday, January 20, 2013
Clinton Smart, Obama stupid
Posted by Matt Young at 12:31 PM