The New York Times delivers some news so grim that it had to cook the headline to hide it: “Median Household Income Down 7.3% Since Start of Recession.”
Well, yes, but as the Times reluctantly admits in the very last paragraph of the story, 5.6 percent of that decline has occurred since the Obama “recovery” began. And median annual household income just fell by 1.1 percent in a single month – February 2013 – after the Obama “recovery” has supposedly been in progress for years. That’s after $6 trillion in deficit spending to “stimulate” the economy, supposedly for the benefit of the average household.
What’s behind this decline in household income, which has become so drastically pronounced throughout the Obama era?