The Real Economic Scorecard

Suggesting that the rise and fall of the median income is an example how we are still growing is absolutely absurd. The median income has grown $10k since 1967, from $40k to $50k. Over that same time period inflation has grown at such a greater rate that it is forcing families to have two working parents. Resulting in less attention for their children. Resulting in the poor performance in test scores when compared to the rest of the world, rising suicide rates and numerous other deficiencies in our society. Corporate business boomed and the populance has suffered because of it. Figure that into your median income mathematics.

Except that it's not bogus - the country is not in a recession. I suggest you look the word up. You are being brainwashed by a liberal scare campaign so the Democrats, who have done nothing but lie while rubber-stamping "Republican bad ideas" for years, can get their party in power. America is doing very well, the dollar is strengthening. Yes costs are up but that's what happens when a decade-long economic surge meets its natural and expected end.

As someone who works with numbers all day, I know that you can make numbers show anything you want them to if you try hard enough. I don't need numbers to know that it's harder to make ends meet. Even though my salary is much higher than it was it doesn't go as far as it used to. Now there's very little left over after the bills are paid and I consider myself one of the lucky ones because I have some left over. This administration has been adjusting the inflation numbers to make themselves look good since they got into power. The American people know better. The GDP numbers that just came out are a result of the rebates sent out and the higher costs for gas, food and energy. They are bogus numbers to show that the country is not in a recession.

As someone who works with numbers all day, I know that you can make numbers show anything you want them to if you try hard enough. I don't need numbers to know that it's harder to make ends meet. Even though my salary is much higher than it was it doesn't go as far as it used to. Now there's very little left over after the bills are paid and I consider myself one of the lucky ones because I have some left over. This administration has been adjusting the inflation numbers to make themselves look good since they got into power. The American people know better. The GDP numbers that just came out are a result of the rebates sent out and the higher costs for gas, food and energy. They are bogus numbers to show that the country is not in a recession.

I've read and heard that the U.S. population that has the top 1% of income owns 90+% of U.S. wealth. If this is the case, using a median income is grossly misleading. And what about those long time deserving employees of companies like United Airlines who have lost retirement benefits after that company goes bankrupt? And what about all the part-time or full-time jobs that no longer provide medical insurance? A family has little financial security if they have no medical insurance.

I've heard and read that the U.S. population that has the top 1% of income owns in the neighborhood of 90+% of U.S. wealth. If this is the case, how can you use a median as a significant representation of national income? It's grossly misleading. Also what about all the jobs that have lost medical insurance benefits. A family with no medical insurance has very little financial security. And companies like United Airlines that go bankrupt no longer provide retirement benefits for their many long time and deserving employees. That's another gross reality your article ignores.