Consider this staggering comparison: In 2007, the average household income in America was $55,627.The great moments of Keynesian economics.
In 2014, that figure had slipped to $53,880 -- Americans earned less on average than they did seven years prior. So, what has happened is that the average American family has been earning less than it did when the great Recession began. All the while, over that same period prices of practically everything else we buy rose.
Monday, January 05, 2015
The Obama Economic Record is Even Worse than You Realize
The American Thinker reports: