OK… that’s a headline to get you to click through but wouldn’t that be the main theme on every evening news program if this was President McCain?
How do I justify that outrageous statement?
Obama has presided over the single largest drop in income for the poorest Americans.
The census data only goes back to 1968 so I can’t tell what big drops happened before.
Take a look at the chart below. It shows the % change in lowest quintile median incomes (the poorest Americans) from 1969 – in 2010 dollars. This data is taken directly from the Census Bureau. More charts soon.
UPDATE: If the above is true then please extrapolate your own title for the following chart showing change in median income for black Americans in the lowest quintile. (You are reading that correctly, Black Americans in the lowest income quintile have suffered almost TWICE as much as the average American in the same quintile under Obama: -11.58% to -6.04%)