Liberals shoot off their mouth and accuse Ronald Reagan of ruining the economy. The voters didn’t agree. He won reelection by carrying 49 of the 50 states. If you look at Reagan’s last year in office, the median income in the United States was, $51,681. (Adjusted for inflation) Today, under Obama, the median
income is $51,017. In less than 5 years, Obama has been able to erase the gains of the last 25.
There has always been some fluctuation. During the Clinton years median income took a drop and under George Bush, the median income reached an all time high at nearly, $56,000. Of all races, Asians score the highest median income with $68,636. White, non Hispanics are second with $57,007. Hispanics are next with $39,005 and blacks are last with $33,321.
Meanwhile the Ego is traveling around the country, patting himself on the back and taking credit for this wonderful economy. Thanks to him, we have more of everything.
More bailouts. (85 billion a month)
More people not in the workforce. (Highest since the 70s).
More food stamps.
More children starving. Whatta man!!
Yellin, who appears the likely choice to head the fed will pump money into the banks until Kingdom come and call it success. 7 billion in new debt and all we have to show for it is a lousy t shirt.
Steven Ahle is the Editor of Red Statements and a regular contributor to The D.C. Clothesline.