Americans see biggest monthly income drop in 20 years - See more at: http://money.cnn

[Freewill]

Going on 5 years of Obama and 7 of democrat control, ain't it time to admit he is a disaster?

Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years.

Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That's the most dramatic decline since January 1993, according to the Commerce Department.

- See more at: Americans see biggest one-month decline in income in 20 years - Mar. 1, 2013

 

[Freewill]

Consumer Spending in U.S. Climbs Even as Taxes Hurt Incomes

Consumer spending in the U.S. rose in January even as incomes dropped by the most in 20 years, showing households were weathering the payroll-tax increase by socking away less money in the bank.

Household purchases, which account for about 70 percent of the economy, climbed 0.2 percent after a 0.1 percent gain the prior month, a Commerce Department report showed today in Washington. The median estimate in a Bloomberg survey of 76 economists called for a 0.2 percent advance. Incomes slumped 3.6 percent, sending the saving rate down to the lowest level since November 2007.

Consumer Spending in U.S. Climbs Even as Taxes Hurt Incomes - Bloomberg

 

[tyroneweaver]

Obama: Whadda ya want me to do about it. LOL

 

[Freewill]

Bought gasoline lately?

 

[rdean]

The Republican Plan was to cut teachers because education is NOT the way to get a job. Apparently, if you need an education to get a job, then you are too stupid to work. You don't know enough. Education is not going to help. It's just for liberals and snobs.

And that Obama. Wanting people to go to school to learn enough to get a job. What an idiot.

 

[Clementine]

It's only going to get worse. Wait till Obamacare fully kicks in with all the new taxes. It's gonna hurt bad.

 

[S.J.]

It's only the beginning. He won't stop until there's no food in the stores, no gas in the pumps, and chaos in the streets.

 

[francoHFW]

That GOP obstruction and fear mongering really starting to work! Yay!

Actually, mainly the 22 billion dollar drop in defense spending too. ALSO caused by GOP shenigans. GO DUPES!! And thanks for the Great World Recession and the stupidest wars ever...

 

[CrusaderFrank]

Obama's a failure, Democrat ideas have failed so of course it's time to trot out Romeny

Revel in your failure, Dems! It's what you really wanted

 

[Obamanation]

Going on 5 years of Obama and 7 of democrat control, ain't it time to admit he is a disaster?

Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years.

Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That's the most dramatic decline since January 1993, according to the Commerce Department.

- See more at: Americans see biggest one-month decline in income in 20 years - Mar. 1, 2013

It's the sequester!!!

 

[francoHFW]

which is a continuation of the DEBT CEILING CRISIS!! and the FISCAL CLIFF!! Great job, morons.

 

[Freewill]

https://www.youtube.com/watch?v=1xz4U-0h314

The Republican Plan was to cut teachers because education is NOT the way to get a job. Apparently, if you need an education to get a job, then you are too stupid to work. You don't know enough. Education is not going to help. It's just for liberals and snobs.

And that Obama. Wanting people to go to school to learn enough to get a job. What an idiot.
https://www.youtube.com/watch?v=qdQO3u8gnUU

I finally agree with you. Of course education is the road to success as it has been for years that is nothing ground breaking. Obama is nothing but repeating campaign slogans. The state of the US should show you he is nothing but words.

 

[Freewill]

which is a continuation of the DEBT CEILING CRISIS!! and the FISCAL CLIFF!! Great job, morons.

YES!!! EXACTLY!!! We told you his bankrupt spending would cause the recovery to do EXACTLY what it is doing and we were right. It is great that you now admit it. 6 years of democrat control is just too much of the country, I am glad you see the light.

 

[Mad Scientist]

When the Economy crashes we can replace it with Communism.

Banker controlled Communism of course, we can't trust those paid off Elected Officials that got us here.

 

[NYcarbineer]

Going on 5 years of Obama and 7 of democrat control, ain't it time to admit he is a disaster?

Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years.

Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That's the most dramatic decline since January 1993, according to the Commerce Department.

- See more at: Americans see biggest one-month decline in income in 20 years - Mar. 1, 2013

Attributable to the ending of the budget busting payroll tax cut.

Had the budget busting payroll tax cut been continued, the income gain would have been the same as it was in December.

Another example of rightwing ignorance graces USMB.

 

[NYcarbineer]

I know you people can't stop being stupid, but could you at the very least take a vacation from it once in a while? Take a day off?

 

[Papageorgio]

Hmmm....I tend to agree with NY on this one.