According to the Commerce Department’s Bureau of Economic Analysis, real personal incomes during Obama’s presidency have dropped 3.2% while in office. This continues to show that the bailouts, the stimuluses, and the policies being put forth out of Washington are simply not working.
“This is hardly surprising,” said Douglas Holtz-Eakin, an economist and former director of the nonpartisan Congressional Budget Office. “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.”
Its impossible to tax and spend oneself into prosperity. It has never happened in the past, and it won’t happen in the future.