This is stunning. Zero Hedge has an article today showcasing research from Wyatt Emerich of The Cleveland Current. He shows how a single parent making minimum wage, with a family of 3 children, has more disposable income that someone making $60k/year. Just look at this chart:
And this is in Mississippi, not California. Who knows how much more they are getting there.
For another reality check, we look at a chart that PowerLine picked up from the Republican Study Committee on the decline in jobs. Here is how they describe it (click graph to enlarge):
It depicts the percentage of Americans in the labor force from January 2005 (commonly known as the “good old days” through January 2012. The decline in the number of working Americans is staggering. And note that Barack Obama became president in January 2009, about 3/4 of the way through the gray “recession,” and just before the “stimulus” that is marked with a red dot. What has happened since Obama took office is that the jobs situation has steadily deteriorated:
This is why we are headed for a debt crisis. No jobs and we’re subsidizing everything under the sun.
We have to change Washington.