Gay Patriot Header Image

Household income declines in Obama Recovery;
Legacy Media Barely Notices

Posted by B. Daniel Blatt at 9:18 pm - August 24, 2012.
Filed under: Economy,Media Bias

While our friends in the legacy media were gasping and clutching their pearls at Mitt Romney’s reference to his birth certificate, an economic report came out which is, perhaps, more significant than the unemployment number.  It involves something which effects all of us, not just those looking for work.

Most of us don’t even need this report to inform us that

Household income is down sharply since the recession ended three years ago, according to a report released Thursday, providing another sign of the stubborn weakness of the economic recovery.

From June 2009 to June 2012, inflation-adjusted median household income fell 4.8 percent, to $50,964, according to a report by Sentier Research, a firm headed by two former Census Bureau officials.

Incomes have dropped more since the beginning of the recovery than they did during the recession itself, when they declined 2.6 percent, according to the report, which analyzed data from the Census Bureau’s Current Population Survey.

(H/t:  Jim Geraghty.)  We feel this every day when, after paying for groceries and other necessities, we have less to spend on entertainment, recreation and relaxation.  Over at Newsbusters, Ken Shepherd notes that the Washington Post buried this news on Page A10.

Our incomes declined more in the Obama recovery than they did in the Bush-Reid-Pelosi recession.  You’d think this would be a little more newsworthy than Mitt Romney’s recent comment or Todd Akin’s crazy statement.

But, then, we don’t need the media to tell us we have less disposable income today than we did when Obama took office.  But, you’d think folks ever so eager to analyze Akin’s gaffe might also be willing to analyze why this recovery has been so lackluster, with incomes declining more under the best years of the Obama administration than under the worst years of his much-maligned predecessor.

Share

7 Comments

  1. ELECTION 2012
    BARACK OBAMA
    MITT ROMNEY
    No reasonably intelligent person can deny this. All you have to do is look at the way the Other Side has been running its campaign. Instead of focusing on the big issues that are important to the American People, it has fired a relentlessly negative barrage of distortions, misrepresentations, and flat-out lies.

    Just look at the Other Side’s latest commercial, which take a perfectly reasonable statement by the candidate for My Side completely out of context to make it seem as if he is saying something nefarious. This just shows you how desperate the Other Side is and how willing it is to mislead the American People.

    The Other Side also has been hammering away at My Side to release certain documents that have nothing to do with anything, and making all sorts of outrageous accusations about what might be in them. Meanwhile, the Other Side has stonewalled perfectly reasonable requests to release its own documents that would expose some very embarrassing details if anybody ever found out what was in them. This just shows you what a bunch of hypocrites they are.

    Naturally, the media won’t report any of this. Major newspapers and cable networks jump all over anything they think will make My Side look bad. Yet they completely ignore critically important and incredibly relevant information that would be devastating to the Other Side if it could ever be verified.

    I will admit the candidates for My Side do make occasional blunders. These usually happen at the end of exhausting 19-hour days and are perfectly understandable. Our leaders are only human, after all. Nevertheless, the Other Side inevitably makes a big fat deal out of these trivial gaffes, while completely ignoring its own candidates’ incredibly thoughtless and stupid remarks – remarks that reveal the Other Side’s true nature, which is genuinely frightening.

    My Side has produced a visionary program that will get the economy moving, put the American People back to work, strengthen national security, return fiscal integrity to Washington, and restore our standing in the international community. What does the Other Side have to offer? Nothing but the same old disproven, discredited policies that got us into our current mess in the first place.

    Don’t take my word for it, though. I recently read about an analysis by an independent, nonpartisan organization that supports My Side. It proves beyond the shadow of a doubt that everything I have been saying about the Other Side was true all along. Of course, the Other Side refuses to acknowledge any of this. It is too busy cranking out so-called studies by so-called experts who are actually  nothing but partisan hacks. This just shows you that the Other Side lives in its own little echo chamber and refuses to listen to anyone who has not already drunk its Kool-Aid.

    Let’s face it: The Other Side is held hostage by a radical, failed ideology. I have been doing some research on the Internet, and I have learned this ideology was developed by a very obscure but nonetheless profoundly influential writer with a strange-sounding name who enjoyed brief celebrity several decades ago. If you look carefully, you can trace nearly all the Other Side’s policies for the past half-century back to the writings of this one person.

    To be sure, the Other Side also has been influenced by its powerful supporters. These include a reclusive billionaire who has funded a number of organizations far outside the political mainstream; several politicians who have said outrageous things over the years; and an alarmingly large number of completely clueless ordinary Americans who are being used as tools and don’t even know it.

    These people are really pathetic, too. The other day I saw a YouTube video in which My Side sent an investigator and a cameraman to a rally being held by the Other Side, where the investigator proceeded to ask some real zingers. It was hilarious! First off, the people at the rally wore T-shirts with all kinds of lame messages that they actually thought were really clever. Plus, many of the people who were interviewed were overweight, sweaty, flushed, and generally not very attractive. But what was really funny was how stupid they were. There is no way anyone could watch that video and not come away convinced the people on My Side are smarter, and that My Side is therefore right about everything.

    Besides, it’s clear that the people on the Other Side are driven by mindless anger – unlike My Side, which is filled with passionate idealism and righteous indignation. That indignation, I hasten to add, is entirely justified. I have read several articles in publications that support My Side that expose what a truly dangerous group the Other Side is, and how thoroughly committed it is to imposing its radical, failed agenda on the rest of us.

    That is why I believe 2012 is, without a doubt, the defining election of our lifetime. The difference between My Side and the Other Side could not be greater. That is why it absolutely must win on November 6.

    This column originally appeared in the Richmond Times-Dispatch.

    Comment by rusty — August 25, 2012 @ 2:20 am - August 25, 2012

  2. Not only have incomes declined (and all honest people would admit that had this happened under Bush, the media would have gone wall-to-wall with it as they do for really important events that affect everybody — like Akin’s foctarded comments about ladyparts), but also, prices have been rising, driven largely by this administration’s policies (ethanol, war on coal, war on oil). The reported inflation rate excludes “volatile” prices like food and energy; because in the Obama regime’s view, people don’t need to eat or go places.

    Comment by V the K — August 25, 2012 @ 10:04 am - August 25, 2012

  3. Inflation is not only evident in food and energy, it’s also evident in things like gubmint fees/taxation. I’m now paying a $12.00 bridge toll that is scheduled to rise to $15.00 within two years. Another one of our agencies here in NYC has had one of it’s taxation scheme’s found unconstitutional and thrown out. This means we may face $15 or $20 or even $30 tolls on the bridge it runs.

    Comment by Richard Bell — August 25, 2012 @ 11:23 am - August 25, 2012

  4. Shorter rusty: How dare the GOP try to win, instead of just rolling over and do what my Obamamessiah orders them to do!

    Again, the people who are screaming about how mean and bad the GOP are are the same ones who support and endorse calling Romney and Ryan murderers and criminals.

    We owe them nothing but contempt.

    Comment by North Dallas Thirty — August 25, 2012 @ 2:29 pm - August 25, 2012

  5. Not only have incomes declined (and all honest people would admit that had this happened under Bush, the media would have gone wall-to-wall with it as they do for really important events that affect everybody

    This is so true.

    I even notice that back when unemployment was relatively low and the left kept harping on the unemployed who ran out of benefits and were giving up on getting a job and fell out of the statistics.

    I notice that with soaring unemployment the media tries to be positive, and never mentions those people who have given up on finding work.

    The media generally white washes or weakly covers up Obama’s mistakes-the same mistakes they would harp on if Obama was a republican.

    The media loves to nitpick on petty things when it comes to the GOP and constantly works to distract the voters from flaws in the democrats.

    Comment by Just Me — August 25, 2012 @ 7:35 pm - August 25, 2012

  6. Find the trailer for the upcoming documentary “American Winter” and watch it (about five minutes).

    And then try to contain your contempt and loathing for the “leaders” of both parties and the financial/business elites that have destroyed this country. The facade still stands but the inside is eating itself alive. And We The People let them do it.

    If I could run a debate, I’d get that trailer and make Obama and Romney watch it and the describe their plans. And I’d activate their pain collars every time they offered a cliche.

    I will vote for Romney, no doubt about it, but it’s hard to have much hope for the future given the magnitude of the problems and our infatuation with Todd Akin’s biology lessons and Prince Harry’s royal bum.

    On that cheery note…

    Comment by SoCalRobert — August 25, 2012 @ 10:51 pm - August 25, 2012

  7. The decline in household income has a great impact in cost of living as explained by Ed Butowsky in this video – http://www.youtube.com/watch?v=q96lIDp1YxA

    Comment by Janice — September 4, 2012 @ 3:37 am - September 4, 2012

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.