What voters need to do is remember one number: $4,019. According to the Census Bureau, this is the amount of the decline in income over Obama's term of office. Here is the Wall Street Journal, on the result of Obama's "care" of the middle class:
In January 2009, the month President Obama entered the Oval Office and shortly before he signed his stimulus spending bill, median household income was $54,983. By June 2012, it had tumbled to $50,964, adjusted for inflation. (See the chart nearby.) That's $4,019 in lost real income, a little less than a month's income every year.How did this happen, what with all the Obama administration's care and concern? Maybe the problem is that they just didn't care enough--or maybe just expressing your concern and making speeches about it is not enough to actually change the situation.
But, you say, didn't Obama inherit the recession?
Well, even if you start the analysis when the recession ended in June 2009, the numbers are dismal. Three years after the economy hit its trough, median household income is down $2,544, or nearly 5%.That's actually worse that the first part of the recession. You know, the one caused by Bush.