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Posted: 8:36 a.m. Friday, Aug. 24, 2012
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By Neal Boortz
The Democrats are eager to tell you that our economy is on the verge of roaring back. Joe Biden is the latest example of this pathetic attempt to pull the wool over the eyes of the American people. He told a campaign crowd in Minnesota the other day that “the middle class is coming back. They have been ravaged, they have been ravaged. But they're starting to come back.”
In the words of Princess Pelosi: Are you serious?
By every measurable standard, the middle class is worse off today than it was when Dear Ruler was sworn in as president. Just yesterday we received the following news from Bloomberg:
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.
The middle class, with less disposable income, is also being squeezed by higher gas prices and food prices. Did you realize that we have not seen gas prices below $3 since December 2010?
On top of it all, we are setting our children up to be the ones to dig us out of this hole. In just one year, our national debt has grown by 11% while our economy has only grown by 2%. Those numbers don’t add up. Even a government school graduate could figure that one out.
I know how much my listeners love lists. Someone at the Washington Free Beacon has come up with a list of five ways Obama is hurting the middle class.
Neal Boortz chronicles his 42 years of talk radio in his book "Maybe I Should Just Shut Up and Go Away" Available on line and printed from Barnes and Noble and Amazon.
comment(36)
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