MADE IN DC: Under Obama’s Failed Policies, Americans are Getting Paid Less and Paying More for Everyday Items

September 30, 2011

Under Obama’s Failed Policies, Americans Find Their Paychecks Shrinking and Their Bills Increasing
Commerce Department Shows Economy Remains Fragile as Inflation Eats Away at Family Income

DC DEMOCRATS STILL DON’T GET IT: Democrat leaders like Vice President Joe Biden admit they own the economy, but propose nothing other than their same failed policies like more stimulus spending to fix it:

“Vice President Joe Biden said in a live interview with Miami public radio station WLRN Thursday that the Obama administration – not the Bush administration – now has ownership of the struggling U.S. economy…

“‘Right now, we are the ones in charge, and it’s gotten better but it hasn’t gotten good enough,’ Biden told WLRN. ‘…I don’t blame them for being mad. We’re in charge. So they’re angry.’

“Biden said it is ‘totally legitimate’ for the 2012 presidential election to be ‘a referendum on Obama and Biden and the nature and state of the economy.'” (Brian Montopoli, “Joe Biden: The economy belongs to us, not Bush,” CBS News’ Political Hotsheet Blog, 9/29/11)

MADE IN WASHINGTON, DC: As Democrats tour the country, championing a second stimulus package, the failure of their first attempt still lingers. American families saw their paychecks become smaller for the first time in three years:

“An unexpected drop in incomes slowed consumer spending in August as the economy remained fragile, the Commerce Department said Friday.

“Incomes dropped for the first time since October 2009, down 0.1 percent last month as purchases increased just 0.2 percent after a 0.7 percent gain in July, the report showed…

“Income growth hasn’t advanced much this year: Taking inflation into account, after-tax incomes fell 0.3 percent in August and 0.2 percent in July, the first decline in more than three years as the nation faced the financial crisis.” (Vicki Needham, “Consumer spending slows with a drop in incomes,” The Hill, 9/30/2011)

Under Obama’s Failed Policies, Americans Find Their Paychecks Shrinking and Their Bills Increasing #MadeinWDC