While these numbers might help Obama make the case for his jobs program, the Republicans will certainly use them to blame the administration for this miserable state of affairs.
Oh, then there's this:
The past decade was also marked by a growing gap between the very top and very bottom of the income ladder. Median household income for the bottom tenth of the income spectrum fell by 12 percent from a peak in 1999, while the top 90th percentile dropped by just 1.5 percent. Overall, median household income adjusted for inflation declined by 2.3 percent in 2010 from the previous year, to $49,445. That was 7 percent less than the peak of $53,252 in 1999. Part of the income decline over time is because of the smaller size of the American family.I was talking to somebody last week at a posh wedding reception. This lady and her hubby both work for a living, but amazingly--to me, at least--she doesn't exhibit much concern about the fate of poor people. People who are desperate and sinking. What she does is quote the old Biblical bromide about the poor always being around. Yeah, right. This doesn't do a damn thing for them, but it sure makes the observer comfortable with doing nothing to help them. I hate this kind of hypocrisy; I really do.