Midknight Review -- new and revised: Across the board and for every class, America is [still] hurting , after six stinking years of "recovery."

Across the board and for every class, America is [still] hurting , after six stinking years of "recovery."

<<< While Obama pretends to be at a perpetual party, the country and the world is going to hell in a handbasket, in a hurry.

The Washington Times, carried this report, today, the 27th of October. In the face of the Left's determination to run on a "healthy and full-blown recovery," we have these facts"

The top 20 percent of American households earned an average of $162,720 per year before taxes in 2013, down 2.6 percent from 2012. During 2013, taxes increased by 219 percent for households in the top quintile — as a consequence, their after-tax incomes dropped 15.2 percent from $158,024 to $134,044.

For the 25 million households in the top 20 percent, decreased after-tax income in 2013 meant they added a smaller percentage to savings — 26 percent of their income in 2013 compared to 37 percent in 2012.

Meanwhile, the bottom 80 percent saw pre-tax household income drop 2.7 percent from $40,168 to $39,091, while after-tax income fell 7.7 percent from $39,635 to $36,963. In 2013, these households had to dip into their meager savings or borrow to make ends meet.

Need we say more? Yes, Dorthy, the economy outside of Wall Street, is as bad as it seems, if not worse.

8 comments:

AnonymousOctober 27, 2014 at 3:31 PM
More BS propaganda. We are still recovering from Bush's recession. It will take the Clinton administration and the new 2016 Democratic majority in 2016 to do so.

Economy is on track for best growth in 9 years. 56 consecutive months of private sector job growth.
http://www.marketwatch.com/story/economy-on-track-for-best-growth-in-nine-years-2014-10-26

Our inability to invest in badly needed American infrastructure doesn’t reflect something wrong with “Washington”; it reflects the destructive ideology that has taken over the Republican Party.
http://www.nytimes.com/2014/10/27/opinion/paul-krugman-ideology-and-investment.html
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AnonymousOctober 27, 2014 at 11:51 PM
The latest from your people:
http://www.slate.com/articles/news_and_politics/jurisprudence/2014/10/ken_ham_ark_encounter_theme_park_religious_discrimination_may_block_kentucky.html
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Let's return the favor, shall we?

CLINTON: You cannot be civil with a political party that wants to destroy what you stand for, what you care about. That’s why I believe if we are fortunate enough to win back the House and/or the senate, that’s when civility can start again. But until then, the only thing that the Republicans seem to recognize and respect is strength. And you heard how the Republican members led by Mitch McConnell, the president really demeaned the confirmation process.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."