Poverty is becoming the new middle class under this Obama administration. And they keep voting for it!
Economy: “The economy’s getting stronger … confidence is growing.” The media and Obama repeated these like a mantra. But as IBD reported earlier, real weekly earnings for American workers have fallen 3.5% since Obama took over, a declining trend that has continued post-election.
How about other signs of well-being? The Census Bureau reported after the election that the number of Americans in poverty grew by 712,000 people in 2011. A far-more bullish report issued in September said it had fallen by 96,000. Oh yes, and a record 47 million people today are on food stamps — up 47% since Obama took over…
…Yes, unemployment has dropped to 7.7%. But only because hundreds of thousands of Americans have left the workforce. In September and October, nonpayroll farm jobs were reported as rising 148,000 and 171,000, respectively, solid gains. The mainstream media played it up as a major turnaround for the economy, giving Obama a boost.