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

Jay Carney's son performs at White House

The former White House press secretary and now CNN political commentator tweeted out a photo of his son's band Twenty20 performing at a White House event Monday evening.

Stewart: Graham has panicked for 13 yrs
Comedian Jon Stewart is taking some time away from going after his favorite Republican war hawk Sen. John McCain and is now going after McCain’s fellow rally crier, Sen. Lindsey Graham. Graham had some strong words over the weekend on the topic of ISIS, saying,  ”This president needs to rise to the occasion before we […]
Actress: I made 'constitutional' stand

Django Unchained actress Daniele Watts said Monday morning that she made a stand for her "constitutional rights" in resisting the LAPD late last week.

Gillibrand Madam Secretary inspiration

After first revealing that CBS' upcoming "Madam Secretary" series was inspired by Hillary Clinton and Benghazi, the show's producers are now saying that Sen. Kirsten Gillibrand (D-N.Y.) was more of the inspiration for the lead role.

 

Maher compares GOP rep. to ISIS, Ebola

Liberal comedian Bill Maher announced who he calls the "winning loser" in Congress during a live taping of "Real Time with Bill Maher" in Washington, D.C., Friday, and that loser is Rep. John Kline (R-Minn.).

White House

Joe Biden should never be allowed to support a Redskins name change

Imagine for a moment a tied Senate vote urging the Washington Redskins to change their team name. Into the chamber steps Joe Biden.

Gaffetastic vice-president apologizes for slur

Vice-President Joe Biden apologized Wednesday for his use of an ethnic slur in a speech this week.

Two remarkable stories show why these Vietnam vets earned an exemption to receive the Medal of Honor

Two Vietnam War veterans who were granted an exemption to receive the Medal of Honor were officially recognized Monday, recalling the extraordinary courage of servicemen often obscured by the tumultuous domestic politics of the era.

Obama orders airstrikes in Syria for first time

WASHINGTON (AP) — Opening a new military front in the Middle East, President Barack Obama authorized U.S. airstrikes inside Syria for the first time Wednesday night, along with expanded strikes in Iraq as part of a broad mission to root out the violent Islamic State militants whose reign of terror has spread across both countries.

Golf courses are now rejecting President Obama

A president can no longer just golf like a major champion today.

Congress

'Finally, we're gonna audit the Fed'

The House passed a bill Wednesday afternoon to audit the Federal Reserve, a long-time crusade of former Rep. Ron Paul and libertarians.

No welfare for weed under House bill
WASHINGTON (AP) — The House passed a bill Tuesday night that could make it a little harder for people to use government welfare payments to buy marijuana in states where the drug is legal. Supporters call it the “no welfare for weed” bill. The bill would prevent people from using government-issued welfare debit cards to make purchases […]
Congress tweets the Constitution

For an alternative reading experience this Constitution Day, direct your attention to Darrell Issa's Twitter feed.

Democrat tries to blame GOP for Ebola outbreak
Sen. Richard Durbin (D- Ill.) is trying to blame House Republicans for the deadly spread of the Ebola virus. About 5,000 people have become ill from Ebola in Liberia, Sierra Leone, Guinea, Nigeria and Senegal since the outbreak was first recognized in March.  At least 2,400 people have died from the disease. The World Health […]
Bipartisan bill to demilitarize police introduced
BOISE, Idaho (AP) — Idaho GOP congressman Raul Labrador is teaming with a Democratic lawmaker from Georgia to move a bill designed to curb police militarization among state and local law enforcement agencies. Labrador and U.S. Rep. Hank Johnson introduced the bill Tuesday, saying the Pentagon’s “1033″ program — which provides local law enforcement officers […]