As the anti-Wall Street protests against social inequality and the tyranny of the financial oligarchy spread across the US, a new study released Monday documents the devastating decline in working class living standards over the past four years.
The study, authored by two former US Census Bureau officials, concludes that inflation-adjusted median household income plunged 9.8 percent from December 2007, the official start of the recession, to June of 2011. Moreover, household income fell more than twice as rapidly during the Obama “recovery,” which began in June of 2009, than during the 18 months of official recession.
According to authors Gordon W. Green Jr. and John F. Coder, median real household income fell 3.2 percent during the official recession, a dramatic decline, but one far surpassed by the additional 6.7 percent drop between June 2009 and June of this year.
He is a disaster. He is Jimmy Carter reduxe.
Since the Democratic leadership has decided there will be no challenge to him from within the party, I will be voting outside the party.
That might mean supporting Ron Paul's campaign. It might mean supporting a third party or independent candidate.
Were I the Green Party, I would be pushing up my convention to January of 2012 and getting the candidates for the party's nomination out there front and center right now.
"Iraq snapshot" (The Common Ills):