Income falls 3.2% during Obama's term thus far

[Schneed10]

Originally Posted by budw38

It is not Obama's fault we have the problems that were in place when he got elected , but the Clinton Admin. policies < his cabinent members ran , Fannie/ Aig / Citigroup / GS. ect. caused < in part > the problems ... » Robert Rubin: The Nexus Of Big Government and Wall Street - Big Government. The Glass-steagall Act’s Loss is the Community Reinvestment Act’s Gain . Financial Crisis: The Blame Continues, with No End in Sight - FOXBusiness.com

Agreed, we had years and years of various factors leading up to this.

I blame the lack of savings and growing consumerism amongst the general populace, more than anything. In the 90s and 00s, Americans just decided they didn't need to save money anymore.