During a campaign speech in Charlotte, NC on Tuesday, Vice President Joe Biden told supporters that the middle class has been “buried” during the last four years.
This is deadly earnest. How they can justify raising taxes on a middle class that has been buried the last four years? How in Lord’s name can they justify raising their taxes with these tax cuts?
And who was in charge of the economy the last four years?
After realizing his mistake, Biden tried to clarify his remarks by saying that Mitt Romney and Paul Ryan would hurt middle class voters.
The timing of the Biden remarks couldn’t be worse for Obama as it comes on the eve of his first debate with Mitt Romney. But there is a lot of truth to what Biden said, even if it wasn’t what he intended to say.
Since June 2009, the last month of the recession, median household income has fallen from $53,718 to $50,678 in August of this year. Unemployment, which stood at 7.8% when Obama took office, has been above 8 percent for 43 consecutive months and is unlikely to drop below that mark this year. There are now a record 46 million Americans on food stamps, up 44 percent since January 2009. Liberals claim this increase is good for the economy as it circulates $1.73 back into the economy for every food stamp dollar spent. Tell that to the people on food stamps who are only receiving federal aid because they can’t find a job in the Obama economy.
The media will label this as just another Biden gaffe, but in reality it is an inconvenient truth of the true economic record of the Obama administration.