MADE IN DC: It Didn’t “Work”: Family Incomes Fell More After Dems’ $1 Trillion Stimulus Than During Recession

August 24, 2012

As New Report Shows Steep Drop in Family Incomes, Democrats Have No One to Blame But Themselves

DC DEMOCRATS STILL DON’T GET IT:  President Obama Recently Claimed That Democrats’ Failed Economic Agenda of Spending, Borrowing and Taxing “Worked”:

“Just like we’ve tried their plan, we tried our plan — and it worked.  That’s the difference.” (“Remarks by the President at a Campaign Event,” The White House, 7/24/2012)

MADE IN WASHINGTON, DC:  In Fact, A New Report Shows Family Incomes Fell More After Democrats Passed Their Nearly Trillion-Dollar Stimulus Than During the Recession:

“American incomes declined more in the three-year expansion that started in June 2009 than during the longest recession since the Great Depression, according an analysis of U.S. Census Bureau data by Sentier Research LLC.

“Median household income fell 4.8 percent on an inflation- adjusted basis since the recession ended in June 2009, more than the 2.6 percent drop during the 18-month contraction, the research firm’s Gordon Green and John Coder wrote in a report today. Household income is 7.2 percent below the December 2007 level, the former Census Bureau economic statisticians wrote.” (“U.S. Incomes Fell More in Recovery, Sentier Says,” Bloomberg, 8/23/2012)

It Didn’t “Work”: Family Incomes Fell More After Dems’ $1 Trillion Stimulus Than During Recession http://ow.ly/ddgbz #MadeinDC

###