USA Today brings us the latest economic news resulting from the reign of Obama. Less hope, lots of change…..
“Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.
At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010.”
Read the rest here.
So… Obama is making private businesses pay less? Or is context important? The article says, “Those records reflect a long-term trend “. I’m guessing they mean longer than a year and a half. And why would Obama want private paychecks lower? That’s where taxes come from. Think, please.
//AW
Aye! Fruits of Socialism and signs of the coming collapse of the US economy.