Wednesday, September 18, 2013

American families: median income down...food, gas prices and poverty up under Obama

And the Obama economy tolls on. While household median income is down $2,627, impoverishment grows by 6,667,000 to a record 46 MILLION PLUS!
CNSNews: During the four years that marked President Barack Obama’s first term in office, the real median income of American households dropped by $2,627 and the number of people in poverty increased by approximately 6,667,000, according to data released today by the Census Bureau.

In 2008, the year Obama was elected, real median household income in the United States was $53,644 according to the Census Bureau. In 2012, the last full year of Obama’s first term, median household income was $51,017. Thus, real median household income dropped $2,627—or 4.89 percent—from 2008 to 2012.

In fact, real median household income dropped in every year of Obama's first term. In 2008, when he was elected, it was $53,644. In 2009, the year he was inaugurated, it dropped to 53,285. In 2010, his second year in office, it dropped to $51,892. In 2011, his third year in office, it dropped to $51,100. And, in 2012, his fourth year in office, it dropped to $51,017.

At the same time the number of people living in poverty in the United States increased. In 2008, according to the Census Bureau, there were approximately 39,829,000 people living in poverty in this country. In 2012, there were 46,496,000. That is an increase of approximately 6,667,000—of 16.73 percent—from 2008 to 2012.
Related link: In one map, here's why Washington doesn't care about income inequality

In the Ameritopia that has been created, household income isn't the only thing suffering.

Food prices are up, specifically the ability to afford it...
ZeroHedge: A stunning 20.0% of Americans were found to have struggled to afford food in the last year - surging in recent months to its highest since the peak of the crisis in 2008 - as American's ability to consistently afford food has not recovered to pre-recession levels. Furthermore, Americans access to basic needs (13 factors including housing, healthcare, and food) hovers near record lows - dramatically lower than pre-recession levels.
Gas prices are up...
CNBC: By now every driver knows the drill: The price of gasoline ratchets up, there's an outcry among motorists who feel gouged at the pump and then things settle down as the higher price becomes the new normal.

Well, AAA has come up with a sobering statistic: the average price of gasoline will surpass $3 per gallon Tuesday for the 1,000th consecutive day. That's never happened before, the motoring organization says.
Related link: Good Question: Will We Ever Play Less Than $3 Per Gallon Again?

And to circle back around to the first piece, we begin to understand how and why overall poverty is up.

America, if we can understand this, then it's time to also understand how the man, his philosophy and his policies are ONE. They're supported by his party, and haven't been adequately challenged by the opposition. It's time to change the latter to regain & preserve American prosperity.