Barack Obama has harmed the Middle Class of America more than any other president since the Great Depression, so says a new analysis by Sentier Research LLC. Using data directly from the U.S. Census Bureau, it appears that Obama has pushed the Middle Class off the fiscal cliff. That during the so-called ′Obama Recovery′, the Middle Class lost more household income earnings and asset wealth than even during the ′Bush Recession′. Between the summers of 2007 through 2009, the data shows the Middle Class losing about 2.6% of earned household income. The Obama administration claimed that, thanks to their stimulus package and other policies, the ′recovery′ began in the summer off 2009. But between the summer of 2009 and 2012, the Middle Class lost on an average of 4.8% of household income earnings. Older Americans, between 55 through 64, were hit even harder, losing some 9.7% of household income. Those between 25 and 34 years old lost a whopping 8.9% while those under 25 lost 6.9%! Only retirees 65 and over actually have made positive gains.

obama middle class

The overall impact of Obama and his economic policies have cost the average American household $4,019 per year in income. From January, 2009 to June, 2012, median household income declined from $54,983 per year to just $50,964. By comparison, in 2000, the median income was $55,470 per year. So for all of the rhetoric about George W. Bush, Obama has been far worse. Obama may have inherited a recession from Bush, but Obama has made it a full blown depression. Oddly enough, even during those ′bad Bush′ years, from 1980 to 2005, the median household income increased about 30%. Those of us who were paying attention to the housing bubble know that Bush began warning us about it in 2005.

So once again Barack Obama is caught fibbing about his economic policies by the hard numbers. The data clearly shows that Americans are doing worse because of Obama than by any other president since the Great Depression. Other studies point to lost wealth under Obama being around 35%, some $8 Trillion dollars. Most of this comes in the form of depressed housing values. So the choices for this November are very clear. If you want more decline, more debt and more despair, then vote for Obama. If you want a chance to improve your economic situation, then vote for Mitt Romney.