Obama Fails to Stem Middle-Class Slide He Blamed on Bush

Barack Obama campaigned four years ago assailing President George W. Bush for wage losses suffered by the middle class. More than three years into Obama’s own presidency, those declines have only deepened.

The rebound from the worst recession since the 1930s has generated relatively few of the moderately skilled jobs that once supported the middle class, tightening the financial squeeze on many Americans, even those who are employed.

“It started long before Obama, but he hasn’t done anything,” said John Forsyth, 58, a railroad-car inspector and political independent from Lebanon, Ohio. “He kept pushing this change, change, change, and he hasn’t done anything.”

Underlying the erosion of the middle class, defined by some economists as the middle 60 percent of income earners, are trends that stretch back decades, including competition from lower-wage workers overseas and technological advances that allow factories and offices to produce more with less labor.

As a candidate in 2008, Obama blamed the reversals largely on the policies of Bush and other Republicans. He cited census figures showing that median income for working-age households — those headed by someone younger than 65 — had dropped more than $2,000 after inflation during the first seven years of Bush’s time in office.

Yet real median household income in March was down $4,300 since Obama took office in January 2009 and down $2,900 since the June 2009 start of the economic recovery, according to an analysis of census data by Sentier Research, an economic- consulting firm in Annapolis, Maryland.

Read more at Bloomberg.

Comments

Polititainment

Stewart and Colbert go after 'Fangate'

Both Jon Stewart and Stephen Colbert had a field day with “Fangate” Thursday night.

O'Reilly v Stewart on 'white privilege'

Jon Stewart had one goal in bringing Bill O’Reilly on his show Tuesday evening: "I want you to admit that there is such a thing as white privilege."

Galifianakis gives Obama a nickname
Zach Galifianakis once came up with a very special nickname for President Obama, he recounted on “The Daily Show” Tuesday night. It all started when Galifianakis came to the White House to film the Emmy-winning “Between Two Ferns” episode to promote Obamacare. “Before we went to interview the president, I ate in the White House […]
Stewart covers atrocious Dem candidate

In New York’s 11th Congressional district, Democrats need to defeat Rep. Michael G. Grimm, who is facing 20 federal charges and was once caught on camera threatening to throw a reporter off a balcony. So you might think this race would be a walk in the park for them—until you meet their incredibly terrible candidate.

Colbert hates the midterms

There are a lot of tedious things Colbert doesn’t like to do in the autumn, like clean the gutters and pretend to like decorative gourds.

White House

Obama names Ron Klain the Ebola ‘czar’ as precautions expand

WASHINGTON (AP) — President Barack Obama turned to a trusted adviser to lead the nation's Ebola response on Friday as efforts to clamp down on any possible route of infection from three Texas cases expanded, reaching a cruise ship at sea and multiple airline flights.

Barack Obama’s credit card gets declined, leaving Michelle with the bill

Even being the president of the United States does not save you from everyone’s nightmare: the shame of having your credit card declined in public.

Christie’s daughter groans at the idea of her dad running for president

New Jersey Gov. Chris Christie's (R) kids aren’t all on board with his possible run for the White House.

Obama authorizes Guard, reserve call-up for Ebola
WASHINGTON (AP) — President Barack Obama is authorizing the Pentagon to call up reserve and National Guard troops if they are needed to assist in the U.S. response to the Ebola outbreak in West Africa. The U.S. has already committed to sending up to 4,000 military personnel to West Africa to provide logistics and help build treatment […]
Obama calls for ‘much more aggressive’ response to Ebola
WASHINGTON (AP) — The federal government is ramping up its response to the Ebola crisis after a second Dallas nurse became ill and it was disclosed that she had been cleared to fly a day before her diagnosis. While Ebola patients are not considered contagious until they have symptoms and only two persons have been known to contract the […]

Congress

Rand Paul: W.H. hasn’t accurately described Ebola
Sen. Rand Paul (R-Ky.) told Bloomberg politics he believes that the White House has been inaccurately depicting the risks of contracting Ebola. “I think from the very beginning they haven’t been completely forthright with us,” said Paul. “They’ve so wanted to downplay this that they really I don’t think have been very accurate in their […]
Rand Paul doesn't want to 'turnip for what'
Sorry Michelle. It doesn’t look like Sen. Rand Paul (R-Ky.) wants to “turnip for what.” Paul let the first lady know about his first stop in New Hampshire Thursday on Twitter. The likely presidential hopeful went from the plane to the Dunkin’ Donuts and snapped a photo. Just arrived in Manchester, New Hampshire. First stop: @DunkinDonuts cc: […]
Americans could face $15B in new internet taxes
If Senate Democrats don’t take up the Permanent Internet Tax Freedom Act before the end of the year, American internet users could be looking at nearly $15 billion in additional taxes, a new study found. The Internet Tax Freedom Act, passed during the 1990s, prevents state and local governments from taxing people for access to the […]
Rand Paul talks with NAACP in Ferguson
Sen. Rand Paul (R-Ky.) met with black leaders in Missouri Friday and urged them to use the “ballot box” not riots in the street to try and make a change. Paul headed to Ferguson, the location of another police shooting, for a 45-minute “listening session” with a group of 20 local black leaders, including pastors, local business […]
Congress: Stop travel between US and Ebola nations

Congress is getting vocal about the Ebola threat.