Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
January 19, 2015
The real economy
Activist Post
American families in the middle 20 percent of the income scale now earn less money than they did on the day when Barack Obama first entered the White House.
American families in the middle 20 percent of the income scale have a lower net worth than they did on the day when Barack Obama first entered the White House.
The rate of homeownership in America has been falling for seven years in a row say about the Obama years?
At this point, one out of every three adults in the United States has an unpaid debt that is "in collections".
While Barack Obama has been in the White House, the average duration of unemployment in the United States has risen from 19.8 weeks to 32.8 weeks.
At the end of Barack Obama’s first year in office, our yearly trade deficit with China was 226 billion dollars. Last year, it was more than 314 billion dollars.
According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.
Ten years ago, the number of women in the U.S. that had full-time jobs outnumbered the number of women in the U.S. on food stamps by more than a 2 to 1 margin. But now the number of women in the U.S. on food stamps actually exceeds the number of women that have full-time jobs.
One recent survey discovered that about 22 percent of all Americans have had to turn to a church food panty for assistance.
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1 comment:
It says something about Obama, Congress, Wall St. What it says is none of them have a clue as to what it takes to help our communities achieve prosperity, and if they did have a clue, class ties would make them ignore the solution anyways.
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