Obama Voters Suffer Most Under Obama Economy September 6, 2013 by Bob Livingston Obama Voters Suffer Most Under Obama Economy PHOTOS.COM The cynic might say that President Barack Obama is pushing to make war on Syria to distract Americans from the myriad scandals swirling around his Administration and/or his failed efforts at economic recovery. But while there are deeper issues behind the push to war (which we have been and will continue to explore elsewhere), war talk has served to push big issues to the back pages. For instance, recovery summer never materialized — not in 2009, 2010, 2011, 2012 or 2013 — despite predictions by Obama and Fed Chairman Ben Bernanke. And guess who’s hurt the most by Obama’s policies. It’s Obama’s core demographic. Obama received 51 percent of the vote in 2012. The five demographic groups he carried and the percentage that voted for him were youths (60 percent), single women (67 percent), blacks (93 percent), Hispanics (71 percent), and those without a high school diploma (64 percent). According to a report by Sentier Research, since recovery summer was announced in 2009, households headed by single women have seen their incomes fall by 7 percent, and those under age 25 have seen their incomes drop 9.6 percent. The incomes for black heads-of-household have dropped by 10.9 percent, and Hispanic heads-of-household have seen theirs drop 4.5 percent. For those with a high school diploma or less, incomes dropped 8 percent. (Incomes fell 6.9 percent for those with less than a high school diploma and 9.3 percent for those with one.) In dollar terms, female heads of household saw their annual salaries drop by $2,300. Black-led households saw their annual salaries drop by more than $4,000, and Hispanic-led households saw their annual salaries drop $2,000. Gallup released its monthly Payroll-to-Population survey yesterday. It showed that only 43.7 percent of the eligible population is employed, and it pegged unemployment at 8.7 percent. In 2012, those numbers were 45.3 percent and 8.1 percent. So much for hope and change. Filed Under: Asset and Wealth Protection, Conservative Politics, Freedom Watch, Hot Topics, Preserving Wealth
Posted on: Sat, 07 Sep 2013 01:18:10 +0000
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