The Obama Economy, In Eleven Charts | Power Line
Today the Republicans on the Senate Budget Committee put out a chart book that documents the Obama administration’s failures in economic policy. From the introduction:
The great economic tragedy of our time is the erosion of the American middle class. Millions of Americans find themselves locked out of the American Dream. Their wages are either flat or falling, even as the price of energy and goods surges; the labor force is shrinking; and the government stimulus which was claimed to lift the economy to prosperity has instead sunk the nation into a chasm of debt.
This chart book highlights what working people know all too well: under President Obama, economic life today is much harder today than it was just a few years ago.
A day or two ago I saw a clip of a rather bewildered Wolf Blitzer asking Debbie Wasserman Schultz why President Obama doesn’t get more credit for the economy. Blitzer makes
$3 million a year, so the economy probably looks pretty good to him. But the answer to his question is no mystery: for a large majority of Americans, the Obama economy has been a disaster.
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