Obama's Economy — We've Fallen And Can't Get Up

Posted 08/22/2013 06:39 PM ET

Economy: Household incomes are still down 4.4% since the recession ended four years ago. Meanwhile, the unemployment picture may be even worse than we think. The Obama "recovery" continues to impress.

According to a report released this week by Sentier Research, the inflation-adjusted median household income remains $2,380 below where it stood when the Obama "recovery" officially started in June 2009 — a drop of 4.4%.

Sentier's monthly data, derived from the Census Bureau's Current Population Survey, show that incomes fell more in the year after the recovery started than it did during the recession itself. And household incomes have basically flat-lined ever since.

"As the unemployment rate and the duration of unemployment remained high," the authors note, "median annual household income continued its decline."

The picture gets even grimmer the deeper you dive into the data. The most vulnerable groups — blacks, Hispanics, female-headed families and the young — have fared far worse under Obama than everyone else.

Read More At Investor's Business Daily:

http://news.investors.com/ibd-editorials...m#ixzz2cpUMLUmi

It took a while to find this. I knew I had seen a list of stats [with links] about the economy that would complement your post. .

33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama
Tyler Durden's picture
Submitted by Tyler Durden on 08/21/2013 20:12 -0400

"#1 When Barack Obama entered the White House, 60.6 percent of working age Americans had a job. Today, only 58.7 percent of working age Americans have a job.

#2 Since Obama has been president, seven out of every eight jobs that have been "created" in the U.S. economy have been part-time jobs.

#3 The number of full-time workers in the United States is still nearly 6 million below the old record that was set back in 2007.

#4 It is hard to believe, but an astounding 53 percent of all American workers now make less than $30,000 a year.

#5 40 percent of all workers in the United States actually make less than what a full-time minimum wage worker made back in 1968.

#6 When the Obama era began, the average duration of unemployment in this country was 19.8 weeks. Today, it is 36.6 weeks.

#7 During the first four years of Obama, the number of Americans "not in the labor force" soared by an astounding 8,332,000. That far exceeds any previous four year total.
. . .
#32 During Obama's first term, the federal government accumulated more new debt than it did under the first 42 U.S presidents combined.

#33 When you break it down, the amount of new debt accumulated by the U.S. government during Obama's first term comes to approximately $50,521 for every single household in the United States. Are you able to pay your share?"

more at:
http://www.zerohedge.com/news/2013-08-21...ked-under-obama