There’s Been NO Recovery!

Posted on October 3, 2011 by

0



As if the United States needed any further evidence that the recovery is not a recovery. The nation’s economy has grown, however slowly, since December 2009, but new data from the Census Bureau highlight the sad but unsurprising truth that for many Americans, the recovery never happened, and relief is not in sight. It also highlights the precarious situation that Congress must address in tackling deficit reduction. -US News and World Report Article 

It is so fair to say that Obama hasn’t done anything since he was elected. They say you can measure thee economy by the GDP but I must say I disagree. You can truly rate the economy on the poverty rating and unemployment. Honestly I don’t give a hoot about any GDP or stock markets or anything like that. Wall Street… ehh that’s not going to affect the average American. Poverty ratings in the toilet? Unemployment sky high? Yeah, that’s going to affect the average Joe.

Like US News and World Report article said, “said but unsurprising truth that for many Americans, the recovery never happened, and relief is not in sight.” The recovery never ever even started! There is no recovery! This recovery is a myth! And thee American Jobs act, sorry to tell you, but it’s not going to help. It’s just another way to bump up the taxes. Raising taxes on either the rich or poor won’t do anything for our country except make the rich go poor as well! Then what good would that do? Make the poor people feel good because those who were doing well financially are brought down to their level (financially)? That makes no sense to me.

The Census data show that in 2010, real median household income decreased by 2.3 percent from 2009. The nation saw the largest total number of people living in poverty since the Census began tracking the data in 1959—46.2 million—contributing to a poverty rate of 15.1 percent, up 0.8 percentage points from 2009. In households headed by women with children and no husbands present, the poverty rate is a stunning 40.7 percent.

So do those numbers sound like improvement or recovery or bounce-back? No, they sure don’t. It all started in 2009 when the real median household income decreased by 2.3%. Wait a minute! 2009 was one year after Obama was elected, right?! Hey Dems, let me see you pin this one on George Bush! It cannot be pinned on anyone but the all mighty and all powerful, Barack Hussein Obama!!!

Advertisements
Posted in: News, Politics