Middle class wages dropping faster under Obama than Bush

Some day, a politician is going to be honest about the declining American middle class and stop blaming the guy in office for what has been a decades-long phenomenon. But today is not that day. And Obama has left himself especially vulnerable to criticism in this regard because of his heaping blame on George Bush for failing the middle class during the 2008 campaign. Turns out that the Obama administration has done nothing to halt the slide and indeed, the drop in middle class wages has accelerated on his watch. Bloomberg: Barack Obama campaigned four years ago assailing President George W. Bush for wage losses suffered by the middle class. More than three years into Obama's own presidency, those declines have only deepened. The rebound from the worst recession since the 1930s has generated relatively few of the moderately skilled jobs that once supported the middle class, tightening the financial squeeze on many Americans, even those who are employed. [...] As a candidate in 2008,...(Read Full Post)