Tuesday, October 02, 2012

Biden says the Middle Class has been buried the past four years


No kidding!  Below from the Romney campagin,

“Vice President Biden made a stunning admission today and we couldn’t agree more: the middle class has been ‘buried’ under the last four years of this President’s policies. Under President Obama, the middle class has suffered from crushing unemployment, rising prices and falling incomes. They can’t afford to be ‘buried’ for four more years. Mitt Romney and Paul Ryan will take our nation in a new direction and are offering exactly what hardworking families need – real reforms for a real recovery.” – Amanda Henneberg, Romney Campaign Spokesperson 
Today, Vice President Biden Said The Middle Class Has “Been Buried In The Last Four Years” Under President Obama: Vice President Biden Said The “Middle Class … Has Been Buried In The Last Four Years.” BIDEN: “This is deadly earnest. How they can justify, how they can justify, raising taxes on the middle class that has been buried in the last four years.” (Vice President Joe Biden, Remarks, Charlotte, NC, 10/2/12)
 Click Here To Watch President Obama’s Policies Have “Buried” The Middle Class With Falling Incomes: More Than Twenty-Three Million Americans Are Unemployed, Underemployed, Or Have Stopped Looking For Work. (Bureau Of Labor Statistics, www.bls.gov
 Pew Research: “The Middle Class Has Shrunk In Size, Fallen Backward In Income And Wealth…” “Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some—but by no means all—of its characteristic faith in the future.” (“The Lost Decade Of The Middle Class,” Pew Research
 Since President Obama Took Office, Median Household Income Has Declined By Over $4,500. “Median household incomes have fallen 8.2 percent since President Obama took office and continue to drop despite the official end of the  recession, a new study shows. Data compiled by Sentier Research found that since the economic recovery technically began in June 2009, median household income has dropped 5.7 percent. As of August, that median income was $50,678 -- also down 1.1 percent from the month prior.  And since Obama took office in January 2009, the median income has fallen 8.2 percent, from $55,198 to its present figure.” (“Household Income Down 8.2 Percent Since Obama Took Office, Study Shows,” Fox News
 ·         “Almost Every Group Is Worse Off Than It Was Three Years Ago, And Some Groups Had Very Large Declines In Income.” “‘Almost every group is worse off than it was three years ago, and some groups had very large declines in income,’ Green, who previously directed work on the Census Bureau’s income and poverty statistics program, said in a phone interview today. ‘We’re in an unprecedented period of economic stagnation.’” (Jeff Kearn, “U.S. Incomes Fell More In Recovery, Sentier Says,” Bloomberg, 8/23/12) In 2011, 46.2 Million People Lived In Poverty – Nearly One In Six Americans. “About 46.2 million people, or nearly 1 in 6, were in poverty. That is not statistically different from the 15.1 percent who were impoverished in 2010.” (“Census Bureau: Poverty Rate Remains At 15 Percent,” The Associated Press
 “A Record 46.7 Million Americans Received Food Stamps In June…” “A record 46.7 million Americans received food stamps in June, up 0.4 percent from the previous month, the government said. Participation was 3.3 percent higher than a year earlier and has remained higher than 46 million all year as the unemployment rate has stagnated just above 8 percent. New jobless numbers will be released Sept. 7.” (Alan Bjera, “Food-Stamp Use Climbed To Record 46.7 Million In June, U.S. Says,” Bloomberg, 9/4/12)
 Since President Obama Took Office, The Average Cost Of College Has Increased By 25% At Four-Year Public Schools Across The Country. (“Trends In College Pricing,” College Board, 2011) The Kaiser Foundation Reported That The Average Cost Of Family Health Care Premiums Have Increased From $12,680 To $15,745 – An Average Increase Of Over $3,000 Per Family. (“Employer Health Benefits, 2012 Annual Survey, Exhibit 6.4” The Kaiser Family Foundation, 2012)
 
 Under President Obama, Gas Prices Have More Than Doubled From $1.85 Per Gallon To $3.80 Per Gallon. (U.S. Energy Information Agency, 9/24/12)


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