Obamanomics is Crushing America … Typical US Household Getting Poorer, Worth One-Third Less Than GWB

Thank you Barack Obama and Obamanomics, sarcasm intended  …

President Barack Obama likes to play class warfare and talk about the income divide. However, under Barack Obama the income divide has got worse and American households are getting poorer. According to a recent study by the Russell Sage Foundation, the NY Times reports that the inflation-adjusted net worth for the typical household was $87,992 in 2003, but ten years later, it was only $56,335, or a 36% decline.

Image Source: Russell Sage Foundation

Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.

The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially.

The Russell Sage study also examined net worth at the 95th percentile. (For households at that level, 94 percent of the population had less wealth and 4 percent had more.) It found that for this well-do-do slice of the population, household net worth increased 14 percent over the same 10 years. Other research, by economists like Edward Wolff at New York University, has shown even greater gains in wealth for the richest 1 percent of households..

The Gateway Pundit reminds us of the following, “It should come as no surprise then that Republicans overwhelmingly represent the middle class districts by almost a two-to-one ratio.”

UPDATE I: Sadly the delusional LEFT holds Barack Obama accountable for nothing and it is all George W. Bush’s fault. But then again, what has changed. The Obama blame everybody else crowd but Obama arguments are old and tired. Six years into the Obama presidency and some how the median net worth in 2013 is W’s fault, not Obama’s. Some how the LEFT can justify it was Bush’s fault but not Obama’s as well. Real consistent folks. Rather than worrying whether others read an article you might might to pay more attention to using common logic.

The lame LEFT seem to discount the following, but of course this is all W’s fault as well:

• Obamanomics: People in Poverty Up 6,667,000 … Record 46,496,000 Now Poor … Median Income Down Nearly 5% to $2,627.
• Welfare Spending = $168 Per Day for Every Household in Poverty … $137 Median Income Per Day
• Obama’s Hope & Change Economy … The Nation’s Official Poverty Rate in 2009 was 14.3%.
• The Obama Economy Welcome to Obamaville: The Number of People on Poverty to Post Record Gain Under Obama’s Watch.
• The United States of Poverty: Thanks to Barack Obama & Obamanomics, US Poverty on Track to Rise to Highest Since 1960?s

Sean Hannity Blasts President Barack Obama in Blistering Monologue … ‘It’s Time for a Wake-Up Call’ … “It Is Time for You to Get Engaged.”

BARACK OBAMA, ITS TIME TO LEAD, NOT DIVIDE …

Last night Sean Hannity blasted Barack Obama in a blistering monologue begging, asking and demanding that this president ‘WAKE UP” and get engaged in the turmoil in both domestic and foreign policy. Much of which Obama has no one to blame but himself. Although he will try and pass the buck. It is becoming evident that Obama is the “Bystander” in Chief and refuses to step up to the plate and lead. But instead Obama attends fundraisers, plays golf and goes on vacation to Martha’s Vineyard.

Hannity stated that our world is in an alarming state of emergency, between Israel’s ground war into Gaza to protect itself from Hamas, Malaysia flight ML17 blown out of the sky in an unspeakable act killing innocent men, women and children, ISIS on the rise, Al-Qaeda on the move, the Middle East on fire, Russia and Putin flexing its muscles, Obama administration scandals like IRS-gate and Benghazi-gate, and a US domestic policy of out of control national debt and a discouraged work force. Let us not forget the crisis we have on our Southern border caused by Obama’s lack of protecting or borders. Then there is that Obamacare thing.

Hannity said, “It is shocking to see a president of the United States, the free world, with such a lack of urgency and priorities. So I say to the president tonight: It is time for action, it’s time for urgency. It is time for you to get engaged.” Hannity went on to say, “Mr. President for you to stand up. It is time for you to lead. It’s time to skip for once your lavish million dollar Marha’s Vineyard vacation. It’s time for you to put down those golf clubs. I thing 180 rounds of gold is quite enough. It is time for you to lead by example. [...] You need to spend more time in The Oval Office. You need to be in the Situation Room. You may be surprised to learn what has actually happened in the six years since you have become the leader of the free world.”

Click HERE to watch VIDEO

The Blaze:

“It is shocking to see a president of the United States, the free world, with such a lack of urgency and priorities,” Hannity said. “So I say to the president tonight: It is time for action, it’s time for urgency. It is time for you to get engaged.”

Hannity then skewered the president over his handling of domestic matters.

“Mr. President, why don’t you consider the events of these past 24 hours to be a very, very costly and deadly wake up call,” Hannity said. “And while all this was happening yesterday, you spent 40 seconds dealing with the killing of nearly 300 innocent people and for your secretary of state to tell Israel to restrain itself again and again. It’s time for a wakeup call.

Chicago Blacks Call Barack Obama: “Worst President Ever” and Epic Rant Rant on Illegals From Houston Black Woman Bernadette Lancelin, “Why Can’t They Go Back?”

The death of “Hope & Change” for Black America … Have Black finally turned on Barack Obama and figured out that they’ve been played? 

After six disastrous years of the Barack Obama Presidency, the only individuals that truly still back “the worst president” since WWII have been Blacks and liberals. Black Americans may finally be getting a clue and come to the understand that Obama cares little about their plight. Blacks voted for Obama 95% – 4% in 2008 and 93% – 6% in 2012;  however, conditions for blacks under the Obama administration have become worse, not better. In 2008, black unemployment was at 10.1%. In July 2014, the BLS had black unemployment at 10.7%. This is more than double that of Whites. So what happened to that “Hope and Change” that Obama promised? It is even worse for teenage blacks and college graduates. Then there are the “killing fields” of Chicago that Obama has simply ignored.

In the wake of the illegal immigration humanitarian crisis on the US-Mexican border and the so called help that Barack Obama wants to do by throwing billions of dollars at, it would appear that Black America is finally pissed at this president for all of his double speak and failed promises. Has black America figured out that Obama and Democrats care more about Hispanics that they do blacks? What did they expect when they vote as one for one candidate and one party? Their vote is expected, not valued. Legal Insurrection refers to it as, Clash of the Titan special interest groups. Are Hispanics the new black?

BELOW ARE MUST SEE VIDEOS:

It is about time some one in the Black community ripped Obama a new one for his actions. As reported at the Western Journal, Bernadette Lancelin, a Houston resident, is furious that while her kids have gone without any help from anyone and have had nothing for years, illegals pouring into the country on a daily basis have their every need attended to. She does not mince words.

It’s not right,” Lancelin said. “Now billions of dollars want to be borrowed from the White House to help feed and house them. What about the [expletive deleted] kids here? In our neighborhood, in our country? Not just in this neighborhood but in our country!”

“All these kids: really? Why can’t they go back? I’m sorry that their parents are in poor living conditions or surroundings or whatever’s going on,” she continued. “I don’t care. I care about what’s going on right here, in my own back yard, my neighborhood.”

“Am I the only one in this community that’s out here that watches the news every [expletive deleted] morning? Oh my God! I feel alone right now in this, and I’m very saddened by it.”

Bernadette Lancelin, Houston Black Woman EPIC Rant on Illegals – “Why Can’t They Go Back?”

Chicago Resident: Obama Will Go Down as Worst President Ever

Check out the Chicago – South-side residents ripping Barack Obama a new one in that he cares more about illegals coming into the United States than legal residents in the inner city of Chicago. From the Rebel Pundit, one resident states, “He will probably go down as the worst president ever!”

“With the president setting aside all these funds for immigrants and forsaken African-American community and African-American families, I think that’s a disgrace. And Barack is from the heart of 55th in the City of Chicago… He will probably go down as the worst president ever elected. Bill Clinton was the African-American president.”

Another compared the current state of Black-American life to that during slavery, saying, “Today, if you look at the time that we were brought here as slaves 400 years ago, we got the same results today.”

The disgrace of the Obama years. All those promises, all those votes and the black plight has been made worse.

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.

CNS News:

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.

This 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.