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What Is Clinton Praising Obama For? Lower Incomes And Higher Poverty

- September 17, 2015

Clinton Has Insisted That Obama Deserves Praise For The Economy

Clinton Has Been "Praising" Obama's Efforts On The Economy And Said That His "Hard Work Pulled Us Back From The Brink Of Depression." "And Clinton was generally supportive of Obama's positions, pitching many of the same ideas he has attempted to push through Congress, and praising his leadership in digging the economy out of a recession. 'President Obama and the American people's hard work pulled us back from the brink of depression. President Obama saved the auto industry, imposed new rules on Wall Street and provided health care to 16 million Americans,' she said." (Sarah McBride, "Clinton's Sharing-Economy Remarks Draw Reaction In Silicon Valley," Reuters, 7/13/15)

Clinton Campaign Spokesman Brian Fallon: "As Hillary Clinton Often Says, President Obama Does Not Get Enough Credit For The Job He Has Done Lifting Our Economy Out Of Recession." "'As Hillary Clinton often says, President Obama does not get enough credit for the job he has done lifting our economy out of recession,' said Clinton campaign spokesman Brian Fallon. 'The job of the next president will be to build on these gains, and she has begun laying out her plans to do just that.'" (Ben White, "So-So Economy Dogs Hillary Clinton's Campaign," Politico, 7/30/15)

Even Clinton's Advisers Are "Well Aware" That Clinton Cannot Base Her Campaign On "Good Feelings About The Obama Economy." "Clinton's advisers are well aware that they will not be able to base their campaign on good feelings about the Obama economy. Instead, they plan to highlight the president's achievements - an unemployment rate of 5.3% and a modest recovery from the worst financial crisis since the Great Depression - while offering a package of policies aimed at addressing voters' fears about the nation's current direction." (Ben White, "So-So Economy Dogs Hillary Clinton's Campaign," Politico , 7/30/15)

But Yesterday's Census Data Shows Incomes Have Fallen Under Obama

American Household Incomes "Lost Ground" Last Year, In A Sign The U.S. Economic Expansion "Has Not Led To Gains For Many Americans" Since The End Of The 2007-2009 Recession. "American household incomes lost ground last year and the poverty rate ticked up, the U.S. Census Bureau said on Wednesday, in a sign the U.S. economic expansion has not led to gains for many Americans five years after the 2007-2009 recession." (Susan Heavey, "U.S. Household Incomes Slip, Poverty Rate Up Slightly In 2014," Reuters, 9/16/15)

  • The "Depressing Data" On Middle-Class Wages Is "True Across Almost All Groups Based On Race And Age." "The depressing data on middle-class wages is true across almost all groups based on race and age." (Neil Irwin, "Why Americans Still Think The Economy Is Terrible," The New York Times, 9/16/15)

The Median Household Income In The U.S. Fell $805, Or 1.5 Percent, From $54,462 In 2013 To $53,657 2014. (Census, Accessed 9/16/15)

During The Obama Administration, Median Household Income Has Fallen $1,656, From $55,313 In 2008 To $53,657 In 2014. (Census, Accessed 9/16/15)

Incomes Remain Depressed, Poverty Has Increased In The Obama Economy

The Poverty Rate Remained The Same In 2014, After Falling In 2013 For Only The First Time During The Obama Administration. "In 2013, the poverty rate fell for the first time since 2006, while inequality hovered at the highest it has been since at least the 90s." (Amy Goldstein, Jeff Guo and Lazaro Gamio, "Number Of Americans Without Health Insurance Falls As Income And Poverty Rate Stay Level," The Washington Post , 9/16/15)

About 46.7 Million Americans Were Living In Poverty Last Year. "Around 14.8% of Americans, or 46.7 million individuals, were living in poverty last year, unchanged from 2013." (Nick Timiraos, "U.S. Income Edged Lower In 2014," The Wall Street Journal, 9/16/15)

The Poverty Rate Has Increased By 1.6 Percentage Points Under Obama, From 13.2 Percent In 2008 To 14.8 Percent In 2014. (Census, Accessed 9/16/15)

  • Poverty Rate Stayed At 14.8 Percent From 2013 To 2014. (Census, Accessed 9/16/15)

The Black Poverty Rate Increased By 1.5 Percentage Points Under Obama, From 24.7 In 2008 To 26.2 Percent In 2014. (Census, Accessed 9/16/15)

  • Black Poverty Increased From By 0.5 Percentage Points, From 25.2 Percent In 2013 To 26.2 Percent In 2014. (Census, Accessed 9/16/15)

This Is " The Latest Sign" The Obama-Clinton Recovery "Has Done Little To Improve Living Standards For A Broad Swath Of The Nation"

The Recent Census Data Is The "Latest Sign" That The Economic Expansion "Has Done Little To Improve Living Standards For A Broad Swath Of The Nation." "Incomes in the U.S. edged lower in 2014, the latest sign an economic expansion that began five years earlier has done little to improve living standards for a broad swath of the nation." (Nick Timiraos, "U.S. Income Edged Lower In 2014," The Wall Street Journal, 9/16/15)

Lawrence Mishel, President Of The Left-Leaning Economic Policy Institute, Said That "Anyone Wondering Why People In This Country Are Feeling So Ornery Need To Look No Further Than This Report." "'Anyone wondering why people in this country are feeling so ornery need look no further than this report,' said Lawrence Mishel, president of the Economic Policy Institute, a left-leaning think tank." (Nick Timiraos, "U.S. Income Edged Lower In 2014," The Wall Street Journal, 9/16/15)

The Stagnant Wages Show Why "So Many Americans Feel That They Have Not Experienced A Major Improvement In Their Economic Prospects." "Meanwhile, wages continued a long stagnation, with the median household income remaining at $53,657, effectively the same, after adjusting for inflation, as the year before, showing why so many Americans feel that they have not experienced a major improvement in their economic prospects." (Amy Goldstein, Jeff Guo and Lazaro Gamio, "Number Of Americans Without Health Insurance Falls As Income And Poverty Rate Stay Level," The Washington Post , 9/16/15)

American's Not Only Didn't Get A Raise Last Year, But "They Haven't Gotten One In Years." "Americans didn't get a raise last year. In fact, they haven't gotten one in years. Median household income was $53,657 in 2014, barely changed from $54,462 a year earlier, the U.S. Census Bureau reported Wednesday." (Tami Luhby, "Typical American Family Earned $53,657 Last Year," CNN, 9/16/15)

"Substantially Less Money" Is The Obama Status Quo

Middle-Income American Families "Make Substantially Less Money" In Inflation Adjusted Terms Than Years Ago, And "There Is No Evidence That Is Reversing." "A middle-income American family, in other words, makes substantially less money in inflation-adjusted terms than it did 15 years ago. And there is no evidence that is reversing." (Neil Irwin, "Why Americans Still Think The Economy Is Terrible," The New York Times, 9/16/15)

Stagnant Incomes "Were A Problem In 2013," Have "Remained So In 2014" And Evidence "So Far Suggests Nothing About That Is Changing In 2015." "Stagnant incomes were a problem in 2013. They remained so in 2014. The evidence we have so far suggests nothing about that is changing in 2015. That is the reality shaping the backdrop to the 2016 presidential campaign, the Federal Reserve's interest rate debates and the dinnertime table conversations about the state of the economies in families across the United States." (Neil Irwin, "Why Americans Still Think The Economy Is Terrible," The New York Times, 9/16/15)

Despite An "Official" Unemployment Figure Of 5.1 Percent, "Millions Of Americans Still Say They Are Underemployed And Wages Have Shown Few Signs Of Sustained Increases." "While the official unemployment rate has fallen to 5.1%, millions of Americans still say they are underemployed and wages have shown few signs of sustained increases. Labor-force participation rates are expected to remain close to their current level, the lowest since the late 1970s, as tens of thousands of baby boomers reach retirement age every day." (Nick Timiraos, "U.S. Income Edged Lower In 2014," The Wall Street Journal, 9/16/15)

  • Labor Force Participation Rate Is "Expected To Remain Close" To Its Current Level, "The Lowest Since The Late 1970s." "While the official unemployment rate has fallen to 5.1%, millions of Americans still say they are underemployed and wages have shown few signs of sustained increases. Labor-force participation rates are expected to remain close to their current level, the lowest since the late 1970s, as tens of thousands of baby boomers reach retirement age every day." (Nick Timiraos, "U.S. Income Edged Lower In 2014," The Wall Street Journal, 9/16/15)

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