Welcome to Obamaland: Food Stamp Recipients Outnumber Women Who Work Full-Time, Barack Obama … The Food Stamp President
Welcome to Barack Obama’s ‘Hope & Change’… welfare instead of jobs.
What happened to the country I grew up in, the Food Stamp edition. Since 1969 there has been a 1,552% increase in food stamp recipients. ARE YOU KIDDING!!! There were only 2,878,000 people on food stamps in 1969 as compared to the current 44,758,000. That is simply astonishing and unsustainable. The number of food stamp recipients has increased so much, that for 2012, the number of people participating in the food stamp program outnumbered the women who worked full-time, year-round in the United States.
Check out in the chart below the vertical red line increase of food stamp recipients since Obama took office in 2009. They don’t call Barack Obama the Food Stamp president for nothing. His moniker has been well earned. Also check out on the same chart the stagnate blue line of woman who work full time under Obama’s administration. This is Obamanomics and the real war on woman. Obama has been nothing more than an EPIC FAILURE!!! America, we better right this ship before it is too late.
People participating in the food stamp program outnumbered the women who worked full-time, year-round in the United States in 2012, according to data from the Department of Agriculture and the Census Bureau.
In the average month of 2012, according to the Department of Agriculture, there were 46,609,000 people participating in the food stamp program (formally known as the Supplemental Nutrition Assistance Program). That contrasts with the 44,059,000 women who worked full-time, year-round in 2012, according to the Census Bureau’s report on Income, Poverty and Health Insurance Coverage in the United States.
For each woman who worked full-time, year-round in 2012, there was slightly more than 1 other person collecting food stamps.
In 2013, the average number of people on food stamps increased to 47,636,000. The Census Bureau will not publish its report on Income, Poverty and Health Insurance Coverage for 2013, which includes the data on women working full-time, until September.
The Department of Agriculture’s website lists the annual average number of food stamps participants going back to 1969. That year, there were only 2,878,000 people on food stamps. Since then, food stamps participants have increased by 44,758,000—or about 1,552 percent.
Protein Wisdom opines on some not so good coincidences between the Carter and Obama presidencies. Why exactly did you reelect this disaster?
For those into trivia, those three years (and 2013 is likely to join them as the fourth) took place under the Carter and Obama Administrations.
As did the ruthless arrogance of Muslim extremists and Communist Russians.
Again, probably just a coincidence — and even if it’s not, Obama’s reelection proves that women and minorities love them some other people’s shit, and don’t much care if that turns them, effectively, into slaves of the state. Because they’ve been empowered by “self-esteem,” which allows them to justify and rationalize away their own near-permanent state of being.
Virginia Democrat Rep. James P. Moran Says “The American People Should Know that the Members of Congress are Underpaid” at $174,000
These politicians are so out of touch with the American people and what is going on in the real world that they need to be fired and sent back to it …
US Rep. James Moran (VA-D) told CQ Roll Call that, “I think the American people should know that the members of Congress are underpaid.” Moran went on to say that with their $172,000 a year salary, many in Congress cannot “afford to live decently in Washington”. UNDERPAID, ARE YOU KIDDING ME!!! Are we supposed to feel pity for these hacks who have pretty much forgot the reason why they are even in Washington, DC? As Weasel Zippers opines, “So he makes $3,300 per week and we’re supposed to feel bad for him?”
It is the Democrat party mindset where these fools think they should get raises for doing nothing, except things that are detrimental to America and Americans.
Virginia Democrat James P. Moran said he plans to highlight the injustice by introducing an amendment to the Legislative Branch bill during its full committee markup, and at floor consideration of the bill. Moran made the comments while the bill that funds member’s $174,000 salaries was being marked up in the Legislative Branch subcommittee.
“I think the American people should know that the members of Congress are underpaid,” Moran told CQ Roll Call. “I understand that it’s widely felt that they underperform, but the fact is that this is the board of directors for the largest economic entity in the world.
“Our pay has been frozen for three years and we’re planning on freezing it a fourth year. … A lot of members can’t even afford to live decently in Washington,” he said.
Moron Moran is complaining about having their pay frozen … welcome to the economic world that you, Barack Obama and the rest of the Democrats have created in a jobless recovery. This is just one of the reasons why the people give Congress such a low approval rating. Most politicians have forgot who they work for. With the work product they have put forward, had they been in the real world, individual like Moran would have been fired.
I have a better idea Mr. Moran, go get a real job!!! You were not sent to DC to get rich. If you do not like the pay, then resign from office and go find a job like the rest of America has to in this Obama jobless America. Personally, I think their pay should be cut in half and they should only be in Washington if they have to.They should be made to work the rest of the time in the private sector to deal with the garbage laws they pass.
Obama’s Chickens coming home to roost means American’s goose is cooked …
I would add it is more than a mere coincidence that everything that Obama has done in his six years in office has made the United States of America a weaker nation. whether it be domestic or foreign policy, Obama has done what many believe is irreparable damage to the US. One would almost say, it would be impossible to get so many things wrong. One might even say it was intentional.
It is impossible to dismiss as mere coincidence the Russian Bear’s invasion of Ukraine and the continuing mayhem of the Affordable Care Act. In their own ways, each reflects the full flowering of the policies of Barack Obama.
His chickens are coming home to roost, and what a mess they are making.
Obama’s sixth year in the White House is shaping up as his worst, and that’s saying something. He’s been in the Oval Office so long that it is obscene to blame his problems on George W. Bush, the weather or racism. Obama owns the world he made, or more accurately, the world he tried to remake.
Nothing important has worked as promised, and there is every reason to believe the worst is yet to come. The president’s casual remark the other day that he worries about “a nuclear weapon going off in Manhattan” inadvertently reflected the fear millions of Americans have about his leadership. Not necessarily about a bomb, but about where he is taking the country.
WAPO-ABC News Poll: Keystone XL Pipeline Project Overwhelmingly Favored by Americans But Barack Obama Against Jobs
Once again Barack Obama finds himself on the wrong wide of the American people and refusing to approve a project that will create jobs for “We the People”.
According to a recent WAPO-ABC News poll, an overwhelming majority of Americans are in favor of supporting the contraction of the Keystone XL oil pipeline between Canada and the United States. 65% of Americans approve of the job creating pipeline project, while only 22% are opposed. An amazing 85% say that the Keystone XL oil pipeline project will create jobs; however, Obama continues to stonewall the project so to pander to his environmental wacko constituents. Republicans, Independents and Democrats are in favor of building the pipeline that will provide a significant economic benefit to the US, 82%, 65% and 51%, respectively. It is only moonbat, liberal Democrats that oppose the it.
Americans support the idea of constructing the Keystone XL oil pipeline between Canada and the United States by a nearly 3 to 1 margin, with 65 percent saying it should be approved and 22 percent opposed, according to a new Washington Post-ABC News poll.
The findings also show that the public thinks the massive project, which aims to ship 830,000 barrels of oil a day from Alberta and the northern Great Plains to refineries on the Gulf Coast, will produce significant economic benefits. Eighty-five percent say the pipeline would create a significant number of jobs, with 62 percent saying they “strongly” believed that to be the case.
That so many Americans back the pipeline, even with environmental risks, highlights the quandary facing President Obama and his top aides as they weigh whether to approve the proposal.
Support for Keystone is highest among Republicans, with 82 percent backing it. But majorities of independents and Democrats also want it approved, at 65 and 51 percent, respectively. Only self-identified liberal Democrats lean against, 47 percent to 36 percent.
But even though Obama continually says his primary focus to to create jobs for Americans, he does just the opposite. Obama wastes tax payers money on his failed backing of green energy policy like Solyndra, Fisker Automotive, ABC123, and Solar Trust just to mention a few. All he has to do is simply saying “yes”,instead he refuses to allow a job creating project to go forward. Obama’s war on oil is more important than jobs for the American people. Instead Obama would rather see Americans on food stamps and welfare, than working jobs for evil oil.
A recent State Department assessment said the project would create 1,950 jobs for a two-year period, after which it would generate 50 permanent jobs. But most people see it as a larger economic boon, the poll shows.
Posted March 8, 2014 by Scared Monkeys
Barack Obama, Chicago-Style Politics, Democrats, Divider in Chief, Economy, Energy, envirowackos, Epic Fail, Jobs, Keystone XL Pipeline, Liberals, Misleader, Moonbats, Obamanation, Obamanomics, Oil, Polls, Progressives, Radicals, Unemployment, WAPO-ABC News | 3 comments
Buyers Remorse: Economist/YouGov.com Poll Finds that Only 79% of Obama Voters Given a Do-Over Would Vote for Him Again, 71% Would Vote For Someone Else
American Voters Want a Mulligan on the 2014 Presidential Election … How’s that “Hopey-Changey” stuff working out for you America?
According to a recent The Economist/YouGov.com poll, 71% of Obama voters are now inclined to vote for somebody else and “regret” their vote to reelect the president. If the election were rerun today, Obama would lose and Mitt Romney would be president. Oh, if only!!! It is too bad that so many Americans did not see what so many on the Right saw in Obama. However, for some bizarre and uninformed reason they were willing to give this failed president a second term. Now we know that if Americans had known the obvious, Obama would have lost badly in 2014.
Sadly, we do not get a do-over and are stuck with this failed president until 2016.
These fools actually thought my political pre-election rhetoric was the truth, ah, ha, ha, ha
Amazing data from the polling sample:
- 80% of whites said yes, 61% of blacks said no and 100% of Hispanics said yes.
- 84% of women said yes, and just 61% of men agreed.
- 55% of Democrats said yes, as did 71% of independents.
Given a chance to do it all over again, only 79 percent of those who voted for President Obama would vote for him again and 71 percent of Obama voters now inclined to vote for somebody else “regret” their vote to reelect the president, according to a new poll.
The Economist/YouGov.com poll found that Obama would lose enough votes in a rematch with Mitt Romney that the Republican would win. “90 percent of people who voted for Romney would do it again, compared to only 79 percent of Obama voters who would,” said the poll.
“Clearly Romney fares better, although he had fewer voters to begin with. As a proportion of the voters each of them actually received in 2012 (66 million for Obama and 61 million for Romney), the GOP candidate ends up with 55 million votes retained to Obama’s 52 million. Not exactly a wipeout. It’s also unclear for any poll that hypothetically revisits 2012 how much it says about renewed hope for Mitt Romney – who has notably been liberated from the scrutiny of a presidential campaign Â– rather than about dissatisfaction with an incumbent president who has spent the last year defending his administration over leaks, scandals and Obamacare roll-outs,” added the poll.
The GOP might want to take notice of the 100% Hispanic vote that regret their vote from above before they continue to bend over backwards and PO their base with amnesty.
Posted February 19, 2014 by Scared Monkeys
2014 Elections, Barack Obama, Chicago-Style Politics, class warfare, Community Agitator, Corruption, cronyism, Democrats, Divider in Chief, Economy, Epic Fail, Ethics, Government, Healthcare, Hope and Change, Imperial President, Jobs, Misleader, Misrepresentation, Obamacare, Obamanation, Obamanomics, Polls, The Lying King, Transparency, Unemployment | one comment
VP Joe Biden Tells Democrats, Be Optimistic on State of the Nation ‘In Spite of Who’s President’ … “The American People Are With Us”… Really, The American People Are Against Obama!
HE SAID WHAT? … Did Vice President Joe Biden just diss Barack Obama and then say Americans Agree with Democrats?
Joe Biden told fellow Democrats at the House Democratic Caucus Issues Conference in Cambridge, MD that they should be optimistic about the state of the nation, “in spite of who’s president.” Hmm, kind of an interesting word choice when the current president is Barack Obama, a Democrat. This was Biden’s best effort to rally the beleaguered Democrat troops who face a tough uphill climb in the upcoming 2014 midterm elections thanks to the policies, agenda and signature piece of legislation from who is president.
“It always surprises me when we don’t have the degree of optimism that we should about the state of the nation,” Biden said. “And in spite of who’s president, in spite of who’s in the Congress, the American people are so much stronger, so much more resilient, so much more capable, that even the ridiculous policies of our friends on the right cannot keep them from moving forward.”
Baghdad Bob a delusional Joe Biden went on to say, “I can’t imagine our prospects being viewed by the press and everyone else as being a whole hell of a lot brighter by the time we turn in September then now. The American people are where we are. Let’s go out and make every single effort not just to defend, but to aggressively push, aggressively push our agenda.”
Isn’t it interesting that Biden would reference the MSM viewing the Democrats prospects first and then calling “We the People,” the Americans who are adversely affected by Barack Obama’s and Democrat’s policies as … “everyone else”. Not like we do not know that the liberal MSM is in the tank for Obama and has been since the beginning. The media has been AWOL on vetting Obama, holding his feet to the fire, questioning his failed economic and domestic policies and investigating the all too-numerous scandals like IRS-gate, Benghazi-gate, “Fast & Furious” and NSA-gate. It would appear that Biden and Obama believe that the MSM will continue to be their own personal Gunga Din heading into the 2014 midterms.
But it does not stop there when it came to Biden’s head in the sand comments. Anvil Joe made the preposterous comment to Democrats that, “The American people are where we are.” Really, in what sense, in the United States? The American people are in no way any where near where Barack Obama, Nancy Pelosi, Harry Reid and their lock-step, rubber stamp Democrats have lead this country. In fact, they more the American people learn the truth of the lies that have been told to them and adversely affected by Democrat foreign and domestic policy, the more they are not with Democrats.
A question to Joe Biden, exactly what are the people with you on? The fact of the matter is that the American people are not with Democrats and it is scaring them silly that they may lose even more House seats in 2014 and talk of losing the Senate to the GOP is a real possibility. Vulnerable Democrat candidates are running from Obama, his agenda and their vote. Obama is also acting as Emperor in arbitrarily extending Obamacare deadlines so to protect Democrat politicians, not to help the American people or America.
THE FACTS … The American People Are NOT with Democrats.
I. Barack Obama’s Overall Job Approval rating is barely above 40% with the American people. (Average of polls: 41.4% Approve – 52.4% Disapproval [-11% Disapprove])
- Gallup: 40% approve – 52% Disapprove
- FOX News: 42% Approve – 53% Disapprove
- McClatchy/Marist: 42% Approve – 52% Disapprove
- Reuters/Ipos: 40% Approve – 54% Disapprove
- NBC/WSJ: 43% Approve – 51% Disapprove
II. President Obama Job Approval – Economy. (Average of polls: 40.6% Approve – 55.7% Disapprove [-15.1% Disapprove])
- McClatchy/Marist: 41 Approve – 54% Disapprove
- ABC News/Wash Post: 43% Approval – 56% Disapprove, -13
- FOX News: 38% Approve – 59% Disapprove, -21
- Associated Press: 42% Approve – 56% Disapprove, -14
- Quinnipiac: 39% Approve – 56% Disapprove, -17
- GWU/Battleground: 40% Approve – 57% Disapprove, -17
III: Public Approval of Health Care Law. (Average of polls: 36.3% Approve – 51.3% Against/Oppose [-15 Oppose/Against])
- FOX News: 37% For – 55% Against/Oppose
- Gallup: 41% For – 51% Against/Oppose
- NBC News/WSJ: 34% For – 48 % Against/Oppose
- Associated Press: 27% For – 42 % Against/Oppose
- Quinnipiac: 38% For – 56% Against/Oppose
- GWU/Battleground: 41% For – 56% Against/Oppose
IV: Direction of Country. (Average of polls: 29.6% Right Direction – 63.6% Wrong Track [-34.0 Wrong Tack])
- The Economist/YouGov: 29% Right Track – 62% Wrong Track
- McClatchy/Marist: 31% Right Track – 66% Wrong Track
- Rasmussen Reports: 29% Right Track – 63% Wrong Track
- Reuters/Ipsos: 23% Right Track – 62% Wrong Track
- NBC News/WSJ: 28% Right Track – 63% Wrong Track
- ABC News/Wash Post: 34% Right Track – 64% Wrong Track
- CBS News: 33% Right Track – 61% Wrong Track
- Associated Press: 35% Right Track – 64% Wrong Track
- GWU/Battleground: 24% Right Track – 67% Wrong Track
V: The American people, including Democrats, are overwhelmingly opposed to how Obama is conducting executive orders and circumventing Congress is how government is supposed to work.
VI. The American people are against Obama going around Congress, except if you are a Democrat or Black, and of course if it were a GOP president.
VII: Barack Obama and Democrats rail about income inequality and the income gap, yet every single demographic in America believes that it has increased under Obama.
Radio Host Nancy Lane Fired From Her Job at Forever Broadcasting Because of Her Deranged Ex-husband … “Regrettably Recent Events Involving Your Former Husband has Caused Severe Disruption to our Business”
Imagine being fired from a job not because of your actions or poor performance, but instead because you have a lunatic, psycho, deranged ex-spouse.
Nancy Lane was best known as Daisy or Lexi and was a popular radio host on two of Forever Broadcasting’s stations, WFGI-FM, Froggy 95, and WRKW-FM, Rocky 99, in Johnstown, PA. That was until last Tuesday when she was fired. But she was not fired for her poor job performance, she was fired because of the actions of her lunatic ex-husband. Her former husband, George Lane, has in recent months threatened Nancy, her family and her co-workers. Now. his actions have caused her to be fired. Nancy Lane said, “It’s defeating to me that my job now has been let go because of violent acts of a person who is clearly of not right mind and not right demeanor. Now another facet of my life is affected by this.”
Nancy Lane (Image source: Screen grab via WJAC-TV) - click on pic for VIDEO
Nancy Lane told WJAC-TV that the past several years have been difficult on her, but things have amplified in the past few months with her ex-husband allegedly making violent threats against her and her former employer, Forever Broadcasting.
“Not only has my personal life been greatly affected and influenced, terror, fear, all of that, but I’ve worked very hard as a person in the public eye to maintain a certain reputation and now that’s been stripped from me as well,” she said.
Lane, who had a show on two Forever Broadcasting stations in Johnstown, says the termination letter she received — and partially read aloud to WJAC-TV — doesn’t mention poor performance as a factor in letting her go.
“Regrettably recent events involving your former husband has caused severe disruption to our business and has made this decision necessary,” the letter said, according to Lane.
This is so wrong that some one would be fired from their job because of some one who is a deranged lunatic and no longer even a part of one’s life. Nancy Lane is a victim of an abusive and crazy ex-husband, yet her employer is punishing her for it.
Another Abysmal Jobs Report … Only 113,000 jobs Created in January 2014 … Unemployment Rate Down to 6.7%
Obamacare, Obamanomics and Barack Obama’s disastrous redistribution policies continue to create uncertainty and poor jobs reports …
January’s Jobs report shows that a meager 113,000 jobs were created, falling far below forecasters’ predictions of 185,000 new jobs. How are jobs supposed to be created in an environment where Barack Obama and his minions cause uncertainty and pass so many regulations on business that it makes it impossible? According to how the administration talks about Obamacare, no one has to work anymore, they got their Obamacare and subsidies.
Our plan is working perfectly to transform America into a third world country
The U.S. economy added just 113,000 jobs in January, a small improvement over December’s disappointing report but not nearly enough to signal a much-needed rebound in the increasingly unpredictable U.S. labor market.
The number of jobs created fell well below forecasters’ predictions of 185,000 new jobs.
The headline unemployment rate was 6.6%, according to figures released by the U.S. Labor Department, down from 6.7% in the prior month.
From CNBC: Stocks Fall on poor jobs report.
U.S. stock-index futures turned higher, reversing course on losses that came in the immediate aftermath of the January jobs report, with fewer Americans finding work in January than estimated, but the unemployment rate fell.
“Mitigating some of these negatives is the unemployment rate ticked a bit lower and the labor participation rate ticked up. Both of those are good things,” said Chris Gaffney, senior market strategist at EverBank.
The government reported the creation of 113,000 jobs in January versus expectations of 185,000. The jobless rate fell to 6.6 percent versus an expectation of 6.7 percent.
Among the major worker groups, the unemployment rates for adult men (6.2 percent), adult
women (5.9 percent), teenagers (20.7 percent), whites (5.7 percent), blacks (12.1 percent),
and Hispanics (8.4 percent) showed little change in January. The jobless rate for Asians
was 4.8 percent (not seasonally adjusted), down by 1.7 percentage points over the year.
(See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks or more), at 3.6 million,
declined by 232,000 in January. These individuals accounted for 35.8 percent of the
unemployed. The number of long-term unemployed has declined by 1.1 million over the year.
(See table A-12.)
Check out what the REAL Unemployment rate looks like.
Contrary to what Americans were Told … The CBO Says Obamacare Is Slowing Growth & Will Kill the Equivalent 2.5 Million Jobs in America Over the Next Decade
OBAMACARE IS THE GREATEST HOAX AND FRAUD THAT HAS EVER BEEN PERPETRATED UPON THE AMERICAN PEOPLE …
Not only is the Affordable Healthcare Act not affordable, it is also not the job creator that it was promised to be. As reported at The Hill, according to the Congressional Budget Office (CBO) said today that Obamacare is likely to kill 2.5 million jobs, while slowing overall economic growth over the next decade. This colossal fiasco is a nightmare for Americans and for America. The CBO also projected that “as a result of the ACA, between 6 million and 7 million fewer people will have employment-based insurance coverage each year from 2016 through 2024 than would be the case in the absence of the ACA.” This from the government’s own bean counters. Folks, you might want to remember this during the 2014 midterm elects as O-care was passed 100% by Democrats with 0% GOP support.
Those gullible fools believed that it was affordable, they believed it was a job creator, hahahahaha …
The new healthcare law will cost the nation the equivalent of 2.5 million workers in the next decade, the Congressional Budget Office (CBO) estimated in a report released Tuesday.
The nonpartisan agency found the reform law’s negative effects on employment would be “substantially larger” than what it had previously anticipated.
It said the equivalent of 2.3 million workers would be lost by 2021, compared to its previous estimate of 800,000, and that 2.5 million workers would be lost by 2024. It also projected that labor force compensation would be reduced by 1 percent from 2017 to 2024 — twice its previous estimate.
Although the CBO projects that total employment and compensation will increase over the coming decade, that increase will be smaller than it would have been in the absence of the healthcare law.
The findings immediately roiled the debate over the healthcare law on Capitol Hill ahead of this year’s midterm elections.
Remember when then Speaker of the House Nanacy Pelosi (CA-D) told us that Obamacare was not just about health security but it was also about jobs? She stated that Obamacare was a job creator and would create 4 million jobs and 400,000 jobs immediately? LIAR!!! You can watch the longer version of Pelosi’s lies on Obamacare HERE. What a pack of lies these people told to the American people and it was this fraud, along with other that got Barack Obama, the worst president in modern times, reelected.
CBO Delivers Sends Death Blow to Obamacare … you live by the CBO and you die by it as well.
Is Barack Obama Really Make Income Inequality a Main Topic at SOTU Address When it Has Increased Under his Presidency? Income Gap Widened Under Obama
Like everything Barack Obama has touched or claims he wants to make better, has become worse under his presidency …
The Divider in Chief Barack Obama is back to his old games of blaming the rich for the evils of society. What else is Obama going to do when he is an abject failure who has only made matters worse since he has been in office? Obama rails about income inequality and that it is the worse problem of out time, yet he is responsible for making the gap wider. From the president who makes class warfare part of his daily agenda and who claims he is for the common man, while demonizing the rich, Barack Obama has widened the income gap during his presidency turning the gap into a canyon.
Click on pic to watch VIDEO of the income gap under Obama
Income inequality — the gap between the rich and poor — is an issue U.S. presidents of both parties have spoken of for years.
President Clinton touted, toward the end of his term, that wages were rising “at all income levels” for the first time in decades. President George W. Bush, toward the end of his, pondered the best way to respond to income inequality, noting some policies “lift people up” and some “tear others down.”
But perhaps no president has hammered the issue as emphatically as President Obama.
In his 2012 State of the Union address, Obama said: “The defining issue of our time is how to keep that promise alive. No challenge is more urgent. No debate is more important. We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by, or we can restore an economy where everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same set of rules.”
But a look back shows that income inequality has grown, not shrunk, under the current president.
“All told, income inequality has tended to get worse under President Obama,” American Enterprise Institute President Arthur Brooks said.
According to a recent FOX News poll, Barack Obama polls miserably on doing his job on the issue of income inequality. 52% disapprove with how Obama has handled income inequality and only 39% approve. So with Obama failing at an issue he claims to care about, how does he even have the audacity to bring the issue up at the State of the Union Address? Obama’s economic policies have made things worse for those lower income earners, while he has made the Wall Street fat cats richer. Hmm, but I thought Obama hated the rich? Obama has falsely propped up the stock markets thanks to the fed’s quantitative easing which only made the top 5% and 1% more and more money. It is those folks who can afford to take risks in the markets. However, for the average people who Obama claims to care about and tries to talk a good game, according to the recent Fox poll, 74% still feel like the country is in a recession. But don’t worry America, Obama has the answer to fixing income inequality … raising the minimum wage. Good grief, really! With so many people unemployed or underemployed, with so many Americans on food stamps and with so many people having just given up and not even in the labor force, why wouldn’t the gap be larger? When a Democrat party sets out to create a government dependent class of people, why is it that much of a surprise that the gap widens? Recessions affect the middle and lower classes the most.
Using tax-return data from the IRS, Saez has built extensive income-distribution datasets going back 100 years. He defines “income” as pre-tax cash market income — wages and salaries; dividends, interest, rent and other returns on invested capital; business profits; and realized capital gains. He excludes Social Security payments, unemployment benefits and other government transfer payments, which are more substantial today than before the Great Depression.
In 1928, the top 1% of families received 23.9% of all pretax income, while the bottom 90% received 50.7%. But the Depression and World War II dramatically reshaped the nation’s income distribution: By 1944 the top 1%’s share was down to 11.3%, while the bottom 90% were receiving 67.5%, levels that would remain more or less constant for the next three decades.
But starting in the mid- to late 1970s, the uppermost tier’s income share began rising dramatically, while that of the bottom 90% started to fall. The top 1% took heavy hits from the dot-com crash and the Great Recession but recovered fairly quickly: Saez’s preliminary estimates for 2012 (which will be updated next month) have that group receiving nearly 22.5% of all pretax income, while the bottom 90%’s share is below 50% for the first time ever (49.6%, to be precise).