Friday, November 1, 2019

Saagar Enjeti you are a liar

Under the Obama/Biden administration median household income cratered and then barely recovered to 2007 levels by the end of 2016. That barely scratches the surface of just how bad things got. In terms of wealth, median total wealth for Americans in 2016 was 34% what it was in 2007. And when Obama left office, the average wealth of the bottom 40% of Americans was minus $8,900. Throughout all this time the everyday costs of life went up, which means in a nutshell, you got epically screwed

I have the chart, you do not you idiot:

 By the time Bush left office, with a 10% GDP deficit, the median income had already dropped halfway down. Obama got that income back to pre recession levels in 2013, and most of the continuing drop was momentum from the Bush recession. Obama then reversed the Bush deficits in the fastest time ever done in post war history.

Saagar writes his lies in the oped section of the Hill. He needs to be fired.

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