Since the recovery began in June 2009, real median household income has fallen 4.8%, according to a new report from Sentier Research. This report is especially damning because incomes only dropped 2.6% during the recession.
Shouldn’t this be front page news?
The deficit is closing in on $16 trillion. That’s $1 trillion more than our entire GDP in 2011. The U.S. is on its way to becoming Spain. The president’s solution? Raise taxes on the upper 2%. But that takes in only about $45 billion. The CBO reports our deficit in 2012 is $1.1 trillion.
Where are the media truth tellers on this?
ABC’s Tapper criticized the media for not covering the economy more.
“A lot of people are hurting out there,” he said. “Unemployment is 8.3%. That doesn’t even take into account the underemployed.”
In recent polls, the most important issue to Americans continues to be the economy and jobs. What’s not being reported is that there are fewer people employed today than at the end of the last recession — the longest spell without net jobs growth since at least World War II.
According to the Bureau of Labor Statistics, at the end of the recession 59.4% of Americans had jobs. That’s just 58.4% today.
As Joe Biden said in Athens, Ohio, on October 15, 2008, “The No. 1 job facing the middle class, and it happens to be, as Barack says, ‘a three-letter word’: jobs. J-O-B-S.”
No one is more of an expert on gaffes than Joe Biden. But don’t tell that to a biased media.
The media’s No. 1 job should be to cover the substantive issues of this campaign without regard to party affiliation or philosophical bias.
That it’s now acceptable for many in the media to flaunt their bias should be, to use Joe Biden’s words, “a big f-ing deal.” Sadly, it isn’t.
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