Let’s help Joe Biden answer a question, shall we?

**Posted by Phineas

Vice President Joe Biden is in Charlotte this week for the Democratic National Convention (1). At a rally, he struggled with the question of whether Americans are better off now than they were four years ago, when he and his boss were elected:

Looks like the heat was giving Joe some trouble, since he couldn’t go into any specifics. Let’s help him out, shall we?

According to that notorious conservative rag, The Washington Post:

From June 2009 to June 2012, inflation-adjusted median household income fell 4.8 percent, to $50,964, according to a report by Sentier Research, a firm headed by two former Census Bureau officials.

Incomes have dropped more since the beginning of the recovery than they did during the recession itself, when they declined 2.6 percent, according to the report, which analyzed data from the Census Bureau’s Current Population Survey. The recession, the most severe since the Great Depression, lasted from December 2007 to June 2009.

(…)

Over the past three years, the inflation-adjusted median income of households headed by whites was down 5.2 percent, to $56,255. Households headed by blacks sustained a staggering 11.1 percent drop in median income. Hispanic-led households saw their real income decline by 4.1 percent over the same period, the report said.

Looking at the data by age, the researchers found that income has risen only for workers older than 65 during the recovery, which report co-author and Sentier partner Gordon Green attributes to the cost-of-living increases for Social Security recipients.

Households led by the self-employed saw their income drop 9.4 percent, to $66,752, the report said. Households headed by private-sector employees saw wages drop by 4.5 percent, to $63,800, and households led by government workers saw median income decline by 3.5 percent, to $77,998, the report said.

Peter Ferrara, writing in Forbes, see this trend and calls in an accelerating downward spiral:

The problem is that Obama has only greatly accelerated everything Bush did wrong, and reversed everything Bush did right. So Obama’s spending has skyrocketed the federal budget by nearly one-fourth as a percent of GDP in just one term. Moreover, the Obama Fed has abandoned any semblance of control over monetary policy, buying most of the soaring federal debt issued to finance Obama’s record smashing federal deficits with newly printed money (actually created by computer record, a sort of cyberprinting). Of course, the whole point of Obama’s tax policy has been to more than reverse the Bush tax rate cuts, which is now already slated under current law to go into effect on January 1.

That is why it will all only get worse in a second Obama term, as the economy slides back into a double-dip recession in 2013 unless these Obama policies are swiftly reversed. I first began ringing alarm bells about that a year ago with the publication of my Encounter Books Broadside No. 25, Obama and the Crash of 2013. But now even the Washington establishment CBO is pealing the air raid siren as well.

Renewed, double-dip recession would mean unemployment rocketing back into double digits once again, the deficit exploding to over $2 trillion, the highest in world history by far, real wages and incomes declining even more, and poverty soaring further.

Obama has failed the poor as well as the middle class. Last year, the Census Bureau reported more Americans in poverty than ever before in the more than 50 years that Census has been tracking poverty. Now The Huffington Post reports that the poverty rate is on track to rise to the highest level since 1965, before the War on Poverty began. A July 22 story by Hope Yen reports that when the new poverty rates are released in September, “even a 0.1 percentage point increase would put poverty at the highest level since 1965.” But a consensus survey of experts across the political spectrum indicates the poverty rate could soar from the current 15.1% to as high as 15.7%. “Poverty is spreading at record levels across many groups, from underemployed workers and suburban families to the poorest poor,” Hope Yen reports.

Be sure to read all of Peter’s article. His conclusions about where we’re headed if we don’t make the right choices in this election are sobering, to put it nicely.

In other words, the Democratic Dream Team inherited a bad situation, made it worse and, if reelected, promise to take it from “bad” to “God-awful.”

No wonder Joe had to plead the heat: answering the question makes the Republicans’ case for them.

Footnotes:
(1) Complete with Official Recycling Nags.

(Crossposted at Public Secrets)

Wait… Where have we heard this before?

**Posted by Phineas

From the RNC, via Roger Kimball, presenting Obama 2008 vs Obama 2012:

You know what they say, Mr. President: “Fool me once, shame on you…”

Well, to quote The Who, we won’t get fooled again.

PS: Kimball’s essay introducing the video is a good one: “Feeling Sorry for Maureen Dowd.”

PPS: Romney-Ryan 2012, because they’re not foolin’.

(Crossposted at Public Secrets)

#MOWSS attendance figures for #DNC2012 under 1000, not the predicted “thousands”

Yesterday here in Charlotte was the big “March on Wall Street South” protest, which organizers, the media, and law enforcement were predicting/expecting between 2,000 and 10,000 would attend to air their grievances against the “Wall Street of the South” (Charlotte).   And because the Tampa protests at the RNC were pretty much a bust due to the weather, people were speculating demonstrators would make up for lost time on Sunday. The base of the march was at Frazier Park in uptown, and as I watched live streams of the park yesterday on CSPAN, it became clear to me that this event would see nowhere near the numbers people were anticipating (and hoping for, in the case of leftists and their allies in the national press).  To my admittedly untrained eye, there were “hundreds”, not “thousands” … and as it turns out, I wasn’t far off the mark:

CHARLOTTE, N.C. Portraying Charlotte as an emblem of a financial system gone awry, a police-estimated 800 chanting and sign-wielding protesters demanded reform Sunday as they marched through uptown.

Organizers said more than 1,000 took part, but even that estimate fell short of the 2,000 to 10,000 protesters police had expected. What one organizer called a “family-friendly” march ended with few clashes between police and protesters.

Among the isolated signs of trouble: a man with large rocks in his hand, looking like he was getting ready to throw them, spotted by police on an overpass on the parade route. The man dropped the rocks and ran when officers approached, police Chief Rodney Monroe said. He has not been apprehended.

Police arrested two people during the two-hour march. Medics treated two people struggling in the 92-degree heat.

Police officers found rocks and even bags of feces stashed along the march route in advance of the march. Police have also launched an investigation after finding two concrete cylinders that were placed on the 277 overpass that leads to uptown Charlotte.

All in all, in spite of the above mentioned attempts by the more militant wing of the far left to turn the march into something you’d see out of Occupy Oakland, the protest was pretty much a tame garden variety far left bashfest … against America, Israel, capitalism, privatization, war and was very much pro-union, pro-statism, and “America is raaaaaaaacist/sexist!”.  The usual stuff (photos here).  I was disappointed to not see any Code Pink “activists” on site wearing their now-infamous vagina costumes. But maybe that will change later this week as official DNC business starts tomorrow (the DNC-sponsored “non-partisan” Carolina Fest uptown is today).

I don’t navigate uptown very well (maybe this will help?) but I’m going to try to get up there before noon tomorrow to see what kind of pictures and video I can get.  Wish me luck! ;-)

BTW, First Lady Michelle Obama arrives later today.  She is scheduled to address delegates tomorrow night at 10:35.   Aaand, three cheers for the headline out of today’s Raleigh News and Observer:  “As DNC begins, Romney gains in NC” :)