All Commentary
Tuesday, April 13, 2010

Real Personal Income Down 3.2% Under Obama


“Real personal income for Americans – excluding government payouts such as Social Security – has fallen by 3.2 percent since President Obama took office in January 2009, according to the Commerce Department’s Bureau of Economic Analysis.” (Washington Times, Tuesday)

Proving government spending can’t go up without private wealth going down.

FEE Timely Classic:
Does Government Spending Bring Prosperity?” by Percy L. Greaves