Back in July, the president “bragged the nation was ‘better off now than we were five years ago’” because of his “pretty smart policies.” This was all part of the president being in “credit-taking mode on the economy.”
Yet, all the while, Americans were “registering record levels of anxiety” about their situation and the future.
Not to worry, the White House spun and spun, people just don’t feel it yet. (Whatever that means.)
Well, according to new Census Bureau data, guess who was right:
- “The United States has suffered another year of stagnant incomes as the economic recovery fails to translate into rising prosperity for average households.” (Financial Times)
- “The government’s annual look at U.S. incomes helps explain why … the economic recovery has been so unsatisfying for the broad swath of Americans who rely primarily on wages for income.” (The Wall Street Journal)
- “The aftermath of the Great Recession has been brutally stagnant for the middle class…” (The Washington Post)
- “Middle-Class Incomes: Still Dead in the Water” (Slate)
- “Between 2009 when Obama took office and 2013 … median annual household incomes fell by more than $2,100 in inflation-adjusted terms…” (Reuters)
Does the president wish to take credit for this, or the stagnant pay and higher prices that middle-class families also have to stomach? “Give it to me,” the president once said about the economy, and look what he’s done to it.
“If this report tells us anything,” Budget Committee Chairman Paul Ryan (R-WI) said, “it’s that we can do better.”
That’s why the House has passed more than 45 jobs bills that are awaiting action in the Senate, where Democratic leaders should “do the right thing,” Speaker Boehner says, and – instead of bragging to them – actually help the people still asking ‘where are the jobs?’