Incomes worse under Obama than during recession
"New figures from the Census Bureau’s Current Population Survey, compiled by Sentier Research, show that the typical American household’s real (inflation-adjusted) income has actually dropped 5.7 percent during the Obama 'recovery,'" The Weekly Standard reports.
"Using constant 2012 dollars (to adjust for inflation), the median annual income of American households was $53,718 as of June 2009, the last month of the recession. Now, after 38 months of this 'recovery,' it has fallen to $50,678 — a drop of $3,040 per household."
How bad is the Obama economy?
Family incomes are falling more than twice as fast under Obama than they did during the recession.
"From the start to the end of the recession, the real median income of American households fell $1,413, or 2.6 percent. From the end of the recession to the present day, it has dropped $3,040, or 5.7 percent," the Standard reports.
"Using constant 2012 dollars (to adjust for inflation), the median annual income of American households was $53,718 as of June 2009, the last month of the recession. Now, after 38 months of this 'recovery,' it has fallen to $50,678 — a drop of $3,040 per household."
How bad is the Obama economy?
Family incomes are falling more than twice as fast under Obama than they did during the recession.
"From the start to the end of the recession, the real median income of American households fell $1,413, or 2.6 percent. From the end of the recession to the present day, it has dropped $3,040, or 5.7 percent," the Standard reports.
Bullock slammed for opposing 4,300 new jobs, $92 million a year for schools
"Gubernatorial hopefuls Steve Bullock and Rick Hill clashed Thursday
night over who would do a better job developing Montana’s natural
resources and bolstering education, sharpening their tone in their
second debate of the campaign season," Helena Independent Record
reporter Mike Dennison reports.
"'I am a strong advocate for natural-resource development in Montana, and the reason I am is that we are second-to-last in this country in terms of what we earn in salaries and wages,' Hill told an overflow crowd at the Montana Tech auditorium in Butte. 'There is no reason, with all the wealth we have in this state, that we’re next-to-last in take-home pay.'"
The University of Montana’s Bureau of Business & Economic Research reports Montana's $1.4 trillion Otter Creek coal tracts would provide 4,300 jobs and $92 million a year in tax revenue for schools and other services. Bullock pandered to the wealthy Sierra Club by voting against developing them.
"Hill used his question to attack Bullock’s record on coal development, asking why Bullock failed to join 24 state attorneys general from coal-producing states this year when they challenged new Environmental Protection Agency rules Hill said would harm coal-fired power plants."
"'I am a strong advocate for natural-resource development in Montana, and the reason I am is that we are second-to-last in this country in terms of what we earn in salaries and wages,' Hill told an overflow crowd at the Montana Tech auditorium in Butte. 'There is no reason, with all the wealth we have in this state, that we’re next-to-last in take-home pay.'"
The University of Montana’s Bureau of Business & Economic Research reports Montana's $1.4 trillion Otter Creek coal tracts would provide 4,300 jobs and $92 million a year in tax revenue for schools and other services. Bullock pandered to the wealthy Sierra Club by voting against developing them.
"Hill used his question to attack Bullock’s record on coal development, asking why Bullock failed to join 24 state attorneys general from coal-producing states this year when they challenged new Environmental Protection Agency rules Hill said would harm coal-fired power plants."
Obama shuts down two Okla. power plants, forces 11% rate increase
"AEP-PSO will spend $350 million to satisfy federal air quality rules
in a plan that includes shutting down two coal-fired generation units
and upgrading emission controls on three natural gas-fired plants in the
next 14 years," The Tulsa World reports.
"...company officials estimated that base utility rates may eventually need to rise about 11 percent to recover the compliance costs."
Other Oklahoma utilities have been forced to sue Obama to try and stay afloat.
"Oklahoma Gas and Electric, the state's largest utility, is continuing its legal battle against the EPA over the rules. In April, Oklahoma Attorney General Scott Pruitt filed suit against the new EPA rules on behalf of OG&E. Utilities argued that the EPA was too aggressive in its timeline to enforce the regional haze rules."
"...company officials estimated that base utility rates may eventually need to rise about 11 percent to recover the compliance costs."
Other Oklahoma utilities have been forced to sue Obama to try and stay afloat.
"Oklahoma Gas and Electric, the state's largest utility, is continuing its legal battle against the EPA over the rules. In April, Oklahoma Attorney General Scott Pruitt filed suit against the new EPA rules on behalf of OG&E. Utilities argued that the EPA was too aggressive in its timeline to enforce the regional haze rules."
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