The recent census report shows that despite (extremely slow) increases in national GDP and employment, inflation-adjusted household income—an indicator with far more impact on the lives of most Americans—has been dropping since 2009. As the New York Times notes, median household income is now 8.1 percent below its level in 2007.But remember, for the Obama economy, this is good news...
Obama has spent the past two years trying to make the case that his policies have made Americans better off. Reports like this one and last month’s abysmal jobs report don’t make that case any easier to make.
Friday, September 14, 2012
Not Feeling It
It may be there, but it doesn't feel like it: