Wednesday, September 14, 2016

OBAMA-CLINTONOMICS: Despite increase in 2015, US household income still lags behind pre-recession levels

"The same period has seen a massive growth of social inequality, with income and wealth concentrated at the very top of American society to an extent not seen since the 1920s."



Despite increase in 2015, US household income still lags behind pre-recession levels

Despite increase in 2015, US household income still lags behind pre-recession levels

By Kate Randall 
14 September 2016
Household incomes for Americans rose in 2015, the US Census Bureau reported Tuesday. Median household income was $56,516 in 2015, an increase of 5.2 percent over the previous year.
While this was the largest one-year rise since at least 1967, median household income—the level with equal numbers of households above and below it—is still 1.6 percent below the previous peak of $57,423 in 2007, before the economy sank into recession. It also remains 2.4 percent lower than its peak in 1999, before the bursting of the dot-com bubble.
The census data also reveals that income inequality in America remained virtually unchanged from 2014, with the wealthy in the top fifth of the population taking in about half of all household income, while the bottom fifth earned only 3.4 percent.
The official poverty rate in 2015 was 13.5 percent, down 1.2 percentage points from 14.8 percent in 2014. The census used the abysmally low figure of $24,847 as the poverty threshold for a family with two adults and two children in 2015. The poverty rate fell by 3.5 million from 2014, meaning that 43.1 million Americans continued to live in poverty. The poverty rate has still not dipped below pre-recession levels.
The census report followed a US Department of Agriculture report last week showing that 12.7 percent of US households were food insecure in 2015, meaning they had difficulty at some time during the year providing enough food for all their members due to a lack of resources.
Predictably, President Obama praised the modest household income gains, posting on his White House blog, “Today’s report from the Census Bureau shows the remarkable progress that American families have made as the recovery continues to strengthen,” and pointing to the figures in a stump speech he gave for Hillary Clinton in Philadelphia Tuesday afternoon.
While Obama touted the household income gains as evidence that the economy is on the upswing, analysts question why seven years after the proclaimed “recovery” in 2009, household incomes have still not returned to pre-recession levels, while poverty and hunger remain extraordinarily high for the richest country in the world
Or, as Arloc Sherman of the Center of Budget and Policy Priorities told the New York Times, “The next question is why did it take such a long time for things to look good?”
The number of full-time, year-round workers increased by 2.4 million in 2015—1.4 million men and 1 million women. Between 2014 and 2015, the real median earnings of men and women who worked full time, year round in both years increased by 1.5 percent and 2.7 percent, respectively.
This is far lower than the reported 5.2 percent increase in median income for all households. This suggests that the largest source of these gains is increased working hours for part-time workers rather than any rise in hourly pay. As workers moved from unemployment or part-time work to full-time jobs, many of these jobs are likely in the low-wage retail and other sectors.
And while men’s earnings from work in 2015 rose by 1.5 percent from 2014, to $51,212, they still lag behind men’s earnings from the 1970s when calculated in 2015 dollars. Women’s earnings rose by about 25 percent, to $40,742, during this same period.
Real median incomes in 2015—$72,165 for family households and $33,805 for nonfamily households—increased 5.3 percent and 5.4 percent, respectively, from their 2014 medians.
While all family households saw median income increases in 2015, married couple households had the highest median income, at $84,626. This was followed by households maintained by men with no woman present, $55,861 median, and those maintained by women with no man present, $37,797 median.
Hispanic households saw the greatest rise in median income (6.1 percent), followed by white households (5.6 percent), black households (4.1 percent), and Asian households (3.7 percent).
Although all regions of the country saw median household income increases, the South’s was the smallest, rising by 2.9 percent. Rural areas were the only demographic to see a decrease in median household income, dropping by 2 percent, compared to metropolitan areas.
The census’s comparison of household incomes distributed across all quintiles of the population showed virtually no change from 2014 to 2015, indicating that extreme income inequality persists despite the modest increases in household median income.
While the bottom and second lowest fifths of households saw modest increases in income, 1.9 percent and 0.3 percent, respectively, the highest fifth still takes 49.8 percent of all income. The top 5 percent takes in 21.8 percent, statistically equal to 2014.

OBAMA-CLINTONOMICS: You were wondering how many jobs went to illegals and how well Obama’s crony banksters have done???


The sputtering economic recovering under President Obama, the last to follow a major recession, has fallen way short of the average recovery and ranks as the worst since the 1930s Great Depression, according to a new report.

Had the recovery under Obama been the average of the 11 since the Depression, according to the report, family incomes would be $17,000 higher, six million fewer Americans would be in poverty, and there would be six million more jobs.


"The decline in homeownership is one sign of the deep social crisis in the United States. As rents and housing costs have soared, spurred on by financial speculation that has enriched the ruling elites, incomes and jobs for most Americans have shriveled."


"These figures present a scathing indictment of the social order that prevails in America, the world’s wealthiest country, whose government proclaims itself to be the globe’s leading democracy. They are just one manifestation of the human toll taken by the vast and all-pervasive inequality and mass poverty

OBAMA-CLINTONOMICS TO SERVE THE SUPER RICH: The slow and painful death of America that dominates American society."

http://hillaryclinton-whitecollarcriminal.blogspot.com/2016/08/hillary-clintons-america-obama-poverty.html


THE OBAMA SOLUTION TO END WHITE CHRISTIAN AMERICA:

DRUG ADDICTION!!!


MEXICO: AMERICA’S DRUG DEALER!

The same period has seen a massive growth of social inequality, with income and wealth concentrated at the very top of American society to an extent not seen since the 1920s.

http://mexicanoccupation.blogspot.com/2016/08/obama-clintonomics-their-crony.html

“This study follows reports released over the past several months documenting rising mortality rates among US workers due to drug addiction and suicide, high rates of infant mortality, an overall leveling off of life expectancy, and a growing gap between the life expectancy of the bottom rung of income earners compared to those at the top.”
THE MEXICAN DRUS CARTELS HAVE GREATLY BENEFITED FROM BARACK OBAMA’S SABOTAGE OF HOMELAND SECURITY.

THE CLINTON “JOBS” PLAN ENDORSED BY NARCOMEX – IT’S CALLED AMNESTY!

Clinton, in the guise of a “jobs” and “infrastructure” program, promoted yet another scheme to hand out tax cuts and other incentives for companies to hire workers at poverty-level wages, with the trade unions brought in to keep the workers in line in return for a cut in the spoils.


THE GLOBAL REACH OF HILLARY AND BILLARY  AND THEIR BRIBES SUCKING

America’s Looming Economic Armageddon – Can the Rich Get Even Richer During the Meltdown? Haven’t they looted us into bankruptcy?


OBAMA-CLINTONOMICS FOR THE RICH: On behalf of bankster-owned Barack Obama, Yellen vows to the rich and crony banksters that they will be protected and subsidized with no strings bailouts during the next looming economic meltdown around the corner from elections.

“In fact, these policies have already produced financial and asset bubbles that are unsustainable, and there are increasing signs of financial instability and crisis. There are growing warnings that the spread of negative interest rates is leading to a new financial meltdown even worse than the disaster that struck eight years ago.”


"The same period has seen a massive growth of social inequality, with income and wealth concentrated at the very top of American society to an extent not seen since the 1920s."

 

LA RAZA SUPREMACIST OBOMB FLOODS AMERICA WITH ILLEGALS!


THE OBAMA-CLINTON AMNESTY KEEPS WAGES DEPRESSED, DESTROYS THE 

 

AMERICAN MIDDLE CLASS AND BUILDS THE DEMOCRAT PARTY'S LA RAZA

 

PARTY BASE OF MEXICAN FLAG WAVERS.


OBAMA DOCTRINE: KEEP AMERICA’S BORDERS OPEN AND UNDEFENDED AND CATCH AND RELEASE MEXICO’S INVADING CRIMINAL CLASS…. So they go vote democrat!



"More than 728,000 illegal immigrants have been shielded from being deported and 

 

granted work permits through President Barack Obama’s 2012 executive amnesty 

 

program, according to the Migration Policy Institute."


AMERICA'S ROAD TO REVOLUTION

…..will pass right through Hillary Clinton’s Mansion door!



 “Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan THE AMERICAN THINKER.com

SQUANDERING TRILLIONS TO DEFEND THE BORDERS OF MUSLIM DICTATORSHIPS AS AMERICA'S BORDERS WITH NARCOMEX ARE SABOTAGED - US has spent nearly $5 trillion on wars since 9/11

IMAGES OF AMERICA UNDER NARCOMEX OCCUPATION

…. THE PRICE WE PAID FOR THE CLINTON-BUSH-OBOMB SABOTAGE OF OUR BORDERS TO THE MEXICAN DRUG CARTELS

…. After the Clinton-Kaine and Speaker Paul Ryan’s AMNESTY and expanded open borders





US has spent nearly $5 trillion on wars since 9/11

US has spent nearly $5 trillion on wars since 9/11

By Bill Van Auken 
14 September 2016
In another indication of the terrible price paid by working people in the United States and all over the globe for the crimes of US imperialism, a new reportfrom Brown University estimates that Washington has squandered nearly $5 trillion since September 11, 2001 on the wars launched under the pretext of fighting terrorism.
The report coincides with the 15th anniversary of 9/11, with 10,000 US troops still in Afghanistan, 15 years after the US invasion of that country, and an estimated 6,000 in Iraq. Hundreds more special operations forces have been deployed to Syria, where the US is fighting for regime change in a de facto alliance with that country’s affiliates of Al Qaeda—which was supposedly the principal target of the last decade and a half of war.
While the financial costs of these wars are staggering, bordering on the unfathomable, the author of the report, Boston University professor Neta Crawford, correctly places them in their far broader, and more horrifying, context of the trail of blood and destruction that US military operations have left in their wake:
“...a full accounting of any war’s burdens cannot be placed in columns on a ledger. From the civilians harmed or displaced by violence, to the soldiers killed and wounded, to the children who play years later on roads and fields sown with improvised explosive devices and cluster bombs, no set of numbers can convey the human toll of the wars in Iraq and Afghanistan, or how they have spilled into the neighboring states of Syria and Pakistan, and come home to the US and its allies in the form of wounded veterans and contractors.”
Some of these numbers are also quantifiable, and appalling, from the over one million Iraqi lives lost to the US invasion of 2003 to the more than 12 million refugees driven from just the four countries laid waste by US wars: Afghanistan, Iraq, Pakistan and Syria. In addition, there are the nearly 7,000 US troops killed in Iraq and Afghanistan, along with roughly an equal number of private contractors, as well as the 52,000 officially listed as wounded in combat and the untold hundreds of thousands more suffering from traumatic brain injuries, PTSD (post-traumatic stress disorder) and other mental health problems resulting from multiple deployments in dirty colonial-style wars.
Nonetheless, the report argues persuasively that it is also vital to make a serious and comprehensive evaluation of the real financial costs of these wars.
The overall cost of US imperialism’s wars includes the $1.7 trillion directly appropriated by Congress to wage them as so-called Overseas Contingency Operations (OCO). This is above and beyond the Pentagon’s base budget, which totals some $6.8 trillion from FY2001-2016.
By defining these wars as OCOs, Congress, together with both the Bush and Obama administrations, has acted as if they are some kind of unforeseeable emergencies that could not be planned for within the government’s normal budgetary process, even as they dragged out for a decade and a half. As a result, they were freed from any kind of normal fiscal accountability, with no taxes or other revenues allotted to pay for them.
In addition to this direct war funding, the report includes the costs of veterans’ medical and disability care, allocations for Homeland Security, interest on Pentagon war appropriations and future costs for veterans’ care.
This last cost is estimated at amounting to at least $1 trillion between now and 2053. The basis for such an estimate is made clear by the presentation of some alarming statistics.
By the end of 2015, more than 1,600 soldiers who fought in Iraq and Afghanistan had undergone major limb amputations as a result of wounds suffered in combat. A total of 327,000 veterans of these wars had been diagnosed with Traumatic Brain Injury as of 2014 and by the same year fully 700,000 out of the 2.7 million people deployed to the war zones had been classified as 30 percent or more disabled.
The report points out that Veterans Affairs is the fastest growing department in the US government, with its staffing levels having nearly doubled since 2001 to 350,000 workers. Yet, according to another recent report, it “still lacks sufficient funding to fill thousands of vacancies for doctors and nurses and to finance badly needed repairs to its hospitals and clinics.”
In addition to these costs, the report estimates that, unless Congress changes the way that it is paying for the wars, even without their continuation, cumulative interest on war appropriations made just through FY2013 will amount to a staggering $7.9 trillion by 2053.
The report recalls that as the Bush administration was preparing to launch the war of aggression against Iraq, the administration’s chief economic adviser Lawrence Lindsey came under intense fire for estimating that the “upper bound” costs of the war reached between $100 and $200 billion. This estimate was roundly rejected by everyone from Defense Secretary Donald Rumsfeld to House Democrats, who put the figure at roughly $50 billion, which it is now clear underestimated the real cost by a factor of 100.
Reflected in these wars, both in the criminality with which they were initiated and fought, and in the way they were funded, are the financial parasitism and socially destructive forms of speculation that pervade the workings of American capitalism as a whole.
By keeping the wars’ costs “off the books” and relying on an “all-volunteer” military to fight them, the US ruling class also hoped to dampen the popular hostility to militarism.
The new report does not attempt to estimate the wars’ broader impact on the economy and the living standards of broad masses of American working people. Another report issued two years ago by Harvard University conservatively estimated that the cost of the Iraq and Afghanistan wars amounted to $75,000 for every American household.
The report points to previous studies indicating that the wars cost tens of thousands of jobs and significantly reduced investment in infrastructure. The vast amount of resources diverted into slaughter and destruction in the Middle East and Central Asia could have funded the $3.32 trillion that the American Society of Civil Engineers (ASCE) says must be spent over the next decade to fix America’s crumbling ports, highways, bridges, trains, water and electric facilities and paid off the entire $1.26 trillion in student debt, with money left over.
Instead, the elected officials of both major capitalist parties have continuously insisted that there is no money for jobs, decent wages, education, health care and other basic necessities, while spending unlimited money on militarism and war, leaving the bill to be paid for through the intensification of austerity measures directed against the working class.
The human and fiscal toll wrought by the wars of the last 15 years are only a foretaste of the global catastrophe that is threatened as US imperialism prepares for far larger wars, with its military escalation focused ever more directly against the world’s second and third largest nuclear powers, Russia and China.

THE OBAMA DOCTRINE:

 REMAIN PASSIVE AS MEXICO INVADES, OCCUPIES AND LOOTS

…. Amnesty will destroy the GOP, white and black middle America, keep wages depressed and build the LA RAZA SUPREMACY DEMOCRAT PARTY



THE LA RAZA SUPREMACY DEMOCRAT PARTY HELL BENT ON OPEN BORDERS AND EXPANDING THE MEX WELFARE STATE ON OUR BACKS!

HISPANIC FAMILY VALUES: Mexican flag wavers loot the stupid gringo for billions!
Mexico’s massive looting in our open borders:


CLINTON’S PROMISE OF AMNESTY IN A 100 DAYS!

HILLARY CLINTON AND THE CONSPIRACY WITH THE MEXICAN FASCIST PARTY of LA RAZA “THE RACE” TO SURRENDER AMERICA’S BORDERS, DESTROY THE GOP WITH MILLIONS OF MEX VOTERS AND EXPAND THE MEX WELFARE STATE ON AMERICA’S BACKS


A NATION IN BORDER MELTDOWN: MILLIONS OF JOBS TO ILLEGALS AND BILLIONS IN WELFARE

MEXICO WILL DOUBLE AMERICA’S POPULATION
IMMIGRANT SHARE OF ADULTS QUADRUPLED IN 232 COUNTIES


"More than 728,000 illegal immigrants have been shielded from being deported and 

 

granted work permits through President Barack Obama’s 2012 executive amnesty 

 

program, according to the Migration Policy Institute."


 OBAMA’S MEXICAN FASCIST PARTY OF LA RAZA “The Race” GIFT TO HILLARIA:
OPEN BORDERS AND A MILLION MEXICAN CRIMINAL LINING UP TO VOTE FOR MORE LA RAZA SUPREMACY!


Most Americans (legals) would be appalled to know that from day one the Obomb has funded the MEXICAN FASCIST PARTY of LA RAZA “The Race” with U.S. tax dollars and this racist party has operated out of the white house under LA RAZA V.P. Cecilia Munoz.

 

TOM TANCREDO: THE CLINTON, OBAMA AND PAUL RYAN CONSPIRACY TO SABOTAGE HOMELAND SECURITY.

FOR THE DEMOCRAT PARTY, MEXICO'S INVASION, OCCUPATION AND 

EVER EXPANDING WELFARE STATE KEEPS WAGES DEPRESSED, BUILD 

THE DEMS' LA RAZA PARTY BASE, AND DESTROYS THE GOP.




BARACK OBAMA AND THE LA RAZA MEXICAN DRUG CARTELS….

There’s more than one way to destroy America’s white middle class!



HSBC laundered hundreds of millions and perhaps billions of dollars for drug cartels responsible for the deaths of tens of thousands of people over the past two decades. The bank transferred at least $881 million of known drug trafficking proceeds, including money from the Sinaloa Cartel in 
Mexico, which is known for dismembering its victims and publicly displaying their body parts.


925k CRIMINAL ILLEGALS NOT 

DEPORTED


OBAMA’S OPEN BORDERS TO DESTROY THE AMERICAN MIDDLE CLASS  - MILLIONS OF INVADING CRIMINALS NOT DEPORTED


OPEN BORDERS KEEPS WAGES FOR LEGALS DEPRESSED AND BUILDS THE LA RAZA SUPREMACY PARTY BASE FOR THE DEMOCRAT PARTY HELL BENT ON DESTROYING THE GOP WITH AN ENDLESS INVASION BY MEXICO!



LA RAZA ILLEGAL CARLOS ESPARAZA RAPED A 7 YEAR OLD.

THEN HE WENT OUT AND VOTED DEM FOR WIDER OPEN BORDERS!



OPEN BORDERS KEEPS WAGES FOR  LEGALS DEPRESSED HUNDREDS OF BILLIONS PER YEAR, AND BUILD THE DEMOCRAT PARTY'S LA RAZA SUPREMACY BASE OF MEXICAN LOOTERS…. We also get the tax bills for Mexico’s welfare state on our backs and the LA RAZA crime tidal wave that comes with them!

 http://mexicanoccupation.blogspot.com/2013/10/america-la-raza-mexicos-wide-open.html


THE BEST WAY TO SOLVE AMERICA’S UNEMPLOYMENT 

CRISIS IS TO PUSH THE BORDERS OPEN WIDER AND PROMISE 

JOBS, WELFARE AND BETTER LOOTING AFTER THE 

ELECTION!

Sen. Kaine: Immigration Is ‘Like Transfusion Of Fresh Blood Into The Bloodstream’