Welcome to the Liberals' version of the Hunger Games, America; unapologetically brought to you by our Progressive friends in the Democrat Party, whose economic policies have lifted a record number of Americans from the middle class and plopped them face down -- into poverty the past five years.
I know. This makes no sense, considering they claim they are the party for the folks, insisting they are fighting to expand the middle class. Forget what they say for a moment and take a look at what they've done the past five years. It seems the only things they've expanded are the size of government, welfare rolls, homelessness, unemployment, and the number of people who no longer believe anything that comes out of their mouths, thanks to Obamacare.
Now a third quarter U.S. Census report, "Income, Poverty and Health Insurance in the United States: 2012" reveals Americans' real median income has plateaued the past three years, flat-lining at a rate much lower than it was in 2007. In a nutshell, President Obama's first term offered American households a 4.89 percent, or $2627 decrease in the real median household income. According to CNS News, The real median household income was $53,644 in 2008 and has dropped every year since.
In addition, the number of people in poverty has increased by more than 6-1/2 million. In 2008, there were 39.8 million people in poverty, and in 2012, around 46.5 million. Despite all their Keynesian economics hocus-pocus, including an $831 billion stimulus spending spree, auto industry bailouts and the never-ending production of paper money, the poverty class, rather than the middle class, has been strengthened.
While running for president in 2008, Barack Obama promised his economic policies would "foster economic growth from the bottom up" and would end what he described as the "tired, worn-out, trickle-down ideologies we've been seeing for so many years."
With 46.5 million people now living at or below the poverty line, the only thing Obama and Democrats have fostered is more welfare system dependents. And the Democrats' trickle-down poverty is spreading across the globe, according to a November 19 report by the Organization for Economic Cooperation and Development stating, "...there is also a risk that tapering of asset purchases by the U.S. Federal Reserve could bring a renewed bout of instability." Way to go Democrats!