Roman Around

combating liberalism and other childish notions

SURPRISE, SURPRISE: REAL INCOME DROPS UNDER BAM

Posted by Andrew Roman on April 13, 2010

From the, “No, Really?” file …

The Washington Times is reporting today that real personal income in the United States has dropped 3.2% since Barack Obama became the Big Cheese fifteen months ago. (It’s only been fifteen months?) This figure excludes government payouts (e.g., Social Security, food stamps, welfare in general) – all the things Democrats rely on to keep a sizeable chunk of the citizenry dependant and, thus, in their corner.

Not that it should actually come as any shock to anyone.

“This is hardly surprising,” said Douglas Holtz-Eakin, an economist and former director of the nonpartisan Congressional Budget Office. “Under President Obama, only federal spending is going up; jobs, business startups, and incomes are all down. It is proof that the government can’t spend its way to prosperity.”

Joseph Curl at the Washington Times points out that when the Messiah was still a mere campaign-trail cliché machine, the soon-to-be President “often derided (President George W.) Bush for what he said were dramatically falling incomes for workers.”

“American families, since George Bush has been in office, have seen average family incomes go down $2,000,” Mr. Obama said in a September 2008 speech on the economy in Green Bay, Wis.

It isn’t my wont to rain on people’s parades, but an insertion of the truth right about now seems to be in order. Real income increased almost 13% during the eight years of Bush – which included an inherited Clinton-era recession and the attacks of September 11, 2001.

I can almost guarantee you won’t hear that coming out of Obama’s mouth.

The bureau, which doesn’t compile statistics on “family” income, reported that per capita income rose during Mr. Bush’s two terms, from $29,159 to $32,632 (using 2005 dollar values as a base). During Mr. Obama’s 15 months in office, per capita income has dropped nearly 1 percent to $32,343.

It must be a plot.

In fact, it probably wouldn’t surprise anyone to find out that a certain well-organized segment of the population – specifically the racist, caucasion-loving, diety-digging anti-Obama ranks – have voluntarily taken pay cuts, or agreed to leave their jobs altogether, in order to make the President look bad.

No one on the left would put it past them.

Just one question for the President and Crew: How exactly does increasing taxes help this situation?

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