Income falls 3.2% during Obama's term thus far

[Schneed10]

Originally Posted by firstdown

This is the best comment from the article.

"Under President Obama, only federal spending is going up; jobs, business startups, and incomes are all down. It is proof that the government can't spend its way to prosperity."

No, that quote is misleading. Jobs are indeed down under Obama, but that's not his fault. The decline in jobs is the reason incomes are down. Otherwise, incomes are stable.

But I do agree that spending more does not equal prosperity.