How Obama and Biden Buried the Middle Class<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"By EDWARD MORRISSEY Is this a political inconvenient truth? Has the middle class been \u201cburied\u201d the last four years? By any measure, the middle class has certainly lost ground. Median household income has declined each of the last four years, a decline which has accelerated during the Obama \u201crecovery\u201d that started in June 2009. Median … <\/p>\n
Continue reading “How Obama and Biden Buried the Middle Class”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,34],"tags":[2272,2301,3551],"class_list":["post-5678","post","type-post","status-publish","format-standard","hentry","category-economy","category-us-canada-countries-regions","tag-median-household-income","tag-middle-class","tag-us"],"yoast_head":"\nHow Obama and Biden Buried the Middle Class - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Obama and Biden Buried the Middle Class - the patient investor\" \/>\n<meta property=\"og:description\" content=\"By EDWARD MORRISSEY Is this a political inconvenient truth? Has the middle class been \u201cburied\u201d the last four years? By any measure, the middle class has certainly lost ground. Median household income has declined each of the last four years, a decline which has accelerated during the Obama \u201crecovery\u201d that started in June 2009. 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Coder, former Census Bureau officials, wrote a report based on Census data that explored household incomes during and after the recession. They found that starting in June 2009, at the official end of the recession, up to June 2011, the inflation-adjusted median household\u2026","rel":"","context":"In "US & Canada"","block_context":{"text":"US & Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5453,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/13\/household-income-falls-to-lowest-point-since-1995\/","url_meta":{"origin":5678,"position":1},"title":"Household Income Falls to Lowest Point Since 1995","author":"Colin Twiggs","date":"September 13, 2012","format":false,"excerpt":"By YUVAL ROSENBERG, The Fiscal Times: Median household incomes adjusted for inflation fell 1.5 percent to $50,054. That\u2019s 8.1 percent lower than it had been in 2007, the year before the recession, and almost 9 percent lower than the peak income level reached in 1999. The last time median household\u2026","rel":"","context":"In "US & Canada"","block_context":{"text":"US & Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4619,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/15\/the-institute-for-fiscal-studies-biggest-one-year-fall-in-middle-incomes-since-1981\/","url_meta":{"origin":5678,"position":2},"title":"The Institute For Fiscal Studies – Biggest one-year fall in middle incomes since 1981","author":"Colin Twiggs","date":"June 15, 2012","format":false,"excerpt":"\u201cThe fall in median income in 2010\u201311 of 3.1% was the largest one-year fall since 1981 and returned it to the level last seen in 2004\u201305,\u201d says Jonathan Cribb, a Research Economist at the IFS. \u201cThis was driven largely by a decline in real earnings as the impact of the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13948,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/12\/lies-politicians-tell-us-hoover-institution\/","url_meta":{"origin":5678,"position":3},"title":"Lies Politicians Tell Us | Hoover Institution","author":"ColinTwiggs","date":"August 12, 2016","format":false,"excerpt":"Great insights from Allan H. Meltzer at the Hoover Institution: Most of us learn at some point that politicians tell lies. We expect them to stop once they hold office or to face the consequences. In the past, politicians that violated the public trust resigned, most notably President Richard Nixon.\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8122,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/17\/canadian-housing-bubble-looks-ripe-for-popping-toronto-star\/","url_meta":{"origin":5678,"position":4},"title":"Canadian housing bubble looks ripe for popping | Toronto Star","author":"ColinTwiggs","date":"July 17, 2013","format":false,"excerpt":"Adam Peterson writes the Canadian housing bubble is headed for a \"slow-motion\" crash: My gravest concern is that Canada is fast approaching a 5:1 home-price-to-income ratio, a benchmark achieved by the U.S. at the peak in 2006. Since the correction, the U.S. ratio now hovers at approximately 3:1.To compound the\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9542,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/23\/australias-housing-affordability-crisis\/","url_meta":{"origin":5678,"position":5},"title":"Australia’s housing affordability crisis","author":"ColinTwiggs","date":"March 23, 2014","format":false,"excerpt":"This private submission by Michael Dromgool to Australia's Housing Affordability Inquiry identifies supply restrictions as the key cause of the current housing affordability crisis: Traditionally the flexible forces of demand and supply in the property market self-managed the development of land for housing. Development occurred in locations where and when\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5678"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5678\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}