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Under Obama, Poor, Middle Class Incomes Fall Sharply, But People Are Getting Fat!!! WTF?
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Despite repeated promises that he would build prosperity from the bottom up, President Obama has presided over three years of income losses for the middle class, according to the latest household income data from the Census Bureau.
Since 2009, the middle 20% of American households saw their average incomes drop 4%. In 2011 alone, they fell 1.7%. The poorest 20% have fared even worse under Obama, Census data show. Their incomes have dropped more than 7% since 2009, and are now lower than they've been at any time since 1985, after adjusting for inflation.
Meanwhile, the wealthiest have managed to eke out gains in two of the past three years. In 2011, the top 20% saw their average income climb almost 2%, the Census data show.
These results are in direct contrast of what President Obama said his policies would produce when he ran for president in 2008.
Read More At IBD: [link to news.investors.com]
ScienceDaily (Oct. 1, 2012) — The proportion of Americans who are severely obese -- those people 100 pounds or more overweight -- continues to increase rapidly and much faster than those with moderate obesity, but the rate of growth has slowed, according to a new RAND Corporation study.
The RAND study found that from 2000 to 2010, the proportion of Americans who were severely obese rose from 3.9 percent of the population to 6.6 percent -- an increase of about 70 percent.
The findings mean that more than 15 million adult Americans are morbidly obese with a body mass index of 40 or more. The good news is that beginning in 2005, the near-exponential growth of the severely obese group began to flatten out.
"The proportion of people at the high end of the weight scale continues to increase faster than any other group of obese people, despite increased public attention on the risks of obesity," said Roland Sturm, lead author of the report and a senior economist at RAND, a nonprofit research organization. "But for the first time in the past 20 years there is evidence the trend is slowing."
[link to www.sciencedaily.com]
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