Median Income Plummets to 1995 Levels
Manchin-Obama Policies Have Failed West Virginia…
According to recently released annual data from the Census Bureau, the median household income adjusted for inflation has dropped to its lowest level since 1995. The report highlights the weak economic recovery our nation has gone through and the ineffectiveness of the economic policies Senator Joe Manchin and President Barack Obama have implemented.
The Financial Times reports:
“The median income of American households dropped to its lowest level since 1995 last year, extending its decline during President Barack Obama’s tenure and highlighting the depthof the damage to the middle class inflicted by the recession and weak recovery.”
According to the Census Bureau report, median income adjusted for inflation fell to $50,054 in 2011, 4.1 per cent lower than when Joe Manchin endorsed Barack Obama took office in 2009.
The Financial Times outlined that the Manchin-Obama years in Washington have been “marked by high unemployment and weak job creation”:
“The release of the dire median figures also offers the latest reminder of the sluggishness of the recovery, marked by high unemployment and weak job creation…”
Things are even worse in Joe Manchin’s West Virginia, where the average median income is just $38,380.
“Today’s report confirms that the Manchin-Obama policies have failed West Virginia families,” said Raese for Senate campaign spokesman Josh Sowards. “While this may be the best Joe Manchin and Barack Obama can do, it’s not the best America and West Virginia can do. We need a new senator and a new president so we can finally deliver a new result for West Virginians.”
Source: http://www.ft.com/cms/s/0/ed14fc70-fc51-11e1-aef9-00144feabdc0.html#ixzz26MbWgXWE
BACKGROUND
The Manchin-Obama Economic Policies Have Failed:
Obamacare:
In February 2011, Manchin Voted Against Repeal Of The Health Care Law.“McConnell, R-Ky., motion to waive the Budget Act and budget resolutions with respect to the Conrad, D-N.D., point of order against the McConnell amendment no. 13 that would repeal the 2010 health care overhaul law, which requires most individuals to buy health insurance by 2014, makes changes to government health care programs and sets new requirements for health insurers. The amendment would restore the provisions of law amended or repealed by the health care overhaul, and repeal certain provisions of the health care reconciliation law.” (S. 223, CQ Vote #9: Motion rejected 47-51: R 47-0; D 0-50; I 0-1, 2/2/11, Manchin Voted Nay)
Charleston Daily Mail: “This Is Bad Law. It’s A Gigantic New Entitlement Program – Hardly What A Country That Can’t Afford Existing Programs Needed. … Yet Democrats Doubled Down On This Arrogant, Over-Reaching Piece Of Legislation – And Manchin With Them. In His First Major Vote, Manchin Sided With Washington Instead Of West Virginia. Voters Will Consider Such Things When He Stands For Re-Election Next Year.” (Editorial, “Sen. Manchin Is ‘Washington Joe,’” Charleston Daily Mail, 2/4/11)
President Obama’s “Jobs Bill”
Manchin Voted For President Obama’s $447 Billion “Jobs Bill.” (S. 1660, CQ Vote #160: Motion rejected 50-49: R 0-46; D 48-3; I 2-0, 10/11/11, Manchin Voted Yea)
The Congressional Budget Office Said The Senate Version Of President Obama’s Jobs Bill Would Cost $447 Billion Over The Next Decade, But Would Be Offset With $453 Billion In New Taxes. “CBO estimates that enacting Senator Reid’s alternative bill would increase the budget deficit by $285 billion in 2012 and decrease deficits by $6 billion over the 2012-2021 period. That estimated deficit reduction of $6 billion over the coming decade is the net effect of $447 billion in additional spending and tax cuts and $453 billion in additional tax revenue from the offset specified in the bill.” (Congressional Budget Office Website, “Estimated Budgetary Impact Of Two Versions Of The American Jobs Act,”www.cboblog.cbo.gov, Accessed 11/18/11)
Other Democrats Opposed The Bill Because It Was Too Expensive, And Raised Taxes
Senators Jon Tester And Ben Nelson Opposed Obama’s $447 Billion “Jobs Bill.” (S. 1660, CQ Vote #160: Motion rejected 50-49: R 0-46; D 48-3; I 2-0, 10/11/11, Nelson and Tester Voted Nay)
Democratic Nebraska Senator Ben Nelson Said He Opposed President Obama’s Jobs Bill Because “It Represents Billions Of Dollars In New Spending And More Taxes.” Nelson: “At a time when Americans want Washington to get its fiscal house in order, I can’t support this bill because it represents billions of dollars in new spending and more taxes.” (Senator Ben Nelson, “Nelson Opposes More Spending And More Taxes,” Press Release, 10/11/11)
- NELSON: “But At This Time I Simply Can’t Support Raising Taxes So Washington Can Spend More.” (Senator Ben Nelson, “Nelson Opposes More Spending And More Taxes,” Press Release, 10/11/11)
Democratic Montana Senator Jon Tester Called The Bill “An Expensive, Temporary Fix To A Problem That Needs A Big, Long-Term Solution.” “Mr. Tester, explaining why he voted against the bill, called it an ‘an expensive, temporary fix to a problem that needs a big, long-term solution.’” (Robert Pear, “President’s Jobs Measure Is Defeated In Key Test In The Senate,” The New York Times, 10/12/11)
- Tester Said He Couldn’t Support “Tax Gimmicks That Do Little To Create Jobs.” “‘We should not be sending billions of dollars in bailout aid to states,’’ Mr. Tester said. ‘‘And I can’t support tax gimmicks that do little to create jobs.’” (Robert Pear, “President’s Jobs Measure Is Defeated In Key Test In The Senate,” The New York Times, 10/12/11)
Manchin Voted For $50 Billion On Spending For Transportation And Infrastructure
Manchin Voted For A Bill That Would Have Provided $50 Billion For Spending On Transportation And Infrastructure, And $10 Billion For The Establishment Of A National Infrastructure Bank. “Reid, D-Nev., motion to proceed to the bill that would provide $50 billion for spending on transportation and infrastructure systems, plus $10 billion for the establishment of a national infrastructure bank. It would be offset with a 0.7 percent surtax on individuals with annual incomes exceeding $1 million.” (S. 1769, CQ Vote #195: Motion rejected 51-49: R 0-47; D 50-1; I 1-1, 11/3/11, Manchin Voted Yea)
Manchin Said The Bill “Fixes Our Crumbling Roads And Bridges,” And Created Much Needed American Jobs.” MANCHIN: “This issue is bipartisan because building infrastructure is bipartisan. It solves two problems. It fixes our crumbling roads and bridges, and it creates much needed American jobs. Of all the people in my State applying for unemployment–and it might be true in most every State–construction workers are the biggest group of unemployed people today, with the most skill sets in America. Almost 20 percent of the unemployment is in the construction trades. That is unacceptable in this great country when we have repairs being needed everywhere.” (Senator Joe Manchin, Congressional Record, 11/3/11, p. S7106)
Democratic Senator Ben Nelson Said The Bill Raises Taxes For Billions In New Spending
Democratic Nebraska Senator Ben Nelson Said The Bill “Goes In The Wrong Direction Because It Raises Taxes For Billions Of Dollars In New Spending.”“‘While I agree infrastructure is a priority, the most important step Congress can take to create jobs is to get Washington’s fiscal house in order. Given that, the Rebuild America bill goes in the wrong direction because it raises taxes for billions of dollars in new spending,’ said Senator Nelson.” (Senator Ben Nelson, “Nelson Statement On Spending Plan,” Press Release, 11/3/11)
- Nelson Voted Against The Legislation. (S. 1769, CQ Vote #195: Motion rejected 51-49: R 0-47; D 50-1; I 1-1, 11/3/11, Nelson Voted Nay)
Stimulus:
Before The Inauguration, Manchin Said Obama’s Plan For A Stimulus Package Would Jumpstart The Economy
In December 2008, Manchin Said Obama’s Plan For An Economic Stimulus Package With Funding For Infrastructure Projects Would Jumpstart The U.S. Economy Immediately By Creating Jobs And Demand For Construction Materials. “After meetings with President-elect Barack Obama on Monday and Tuesday, Gov. Joe Manchin said he is convinced Obama will move quickly on economic stimulus packages for the states. Manchin said federal funding for highway construction and other infrastructure projects would jump-start the U.S. economy by immediately creating jobs and demand for construction materials. ‘With infrastructure projects, these jobs are ready to go tomorrow,’ Manchin said Tuesday afternoon, after Obama met with the Democratic Governors Association Monday evening and the National Governors Association Tuesday morning in Philadelphia.” (Phil Kabler, “Obama Will Help, Manchin Says,” The Charleston [WV] Gazette, 12/3/08)
- “Manchin Said, ‘He’s [Obama’s] Not Just Throwing Money At This (Recession). He Wants To Make Sure There Are Investments And Value.’” (George Hohmann, “Manchin Says Obama Here To Help,”Charleston [WV] Daily Mail, 12/3/08)
- Manchin: Obama’s “Taken The Approach Of Investing Back Into America, State By State. There are no giveaway programs. We’ve been doing this around the world for other nations. It’s about time we started doing this for America.’” (George Hohmann, “Manchin Says Obama Here To Help,”Charleston [WV] Daily Mail, 12/3/08)
By Early 2010, Manchin Claimed The Stimulus Had Provided A “Shot In The Arm” To WV And Would Make A Different In The Job Market
In January 2010, “Manchin Said Federal Stimulus Money Had Provided A ‘Much-Needed Shot In The Arm’ To West Virginia, But The Funds Won’t Address All Of The State’s Challenges.” (Eric Eyre, “Manchin Calls For Lower Business Taxes, More Construction,” The Charleston [WV] Gazette, 1/14/10)
In February 2010, Manchin Said The Stimulus Would “Make A Big Difference In The Job Market.” Q “Looking back at the success of the stimulus package, there seems to be a sense that a lot of states are making hard decisions and maybe it wasn’t such a great thing after all. Do you share that assessment? Do you think it’s fair?” . . . Gov. Manchin: “There’s an awful lot of that money that is coming out now going towards infrastructure — projects, state by state, I think it will make a big difference in the job market.” (Press Conference With Governor Joe Manchin (D-WV) et al, 2/22/10)
But WV’s Unemployment Increased By 2.8 Percentage Points Since The Stimulus Became Law, Reaching A Level Manchin Previously Called “Horrible” And Predicted WV Would Not Reach
February 2009: “Manchin Called 8 Percent ‘A Horrible Rate’ And Said He Doesn’t Expect The State To Reach That Level, but he pointed to the pending closure of Century Aluminum’s Ravenswood plant as evidence of the global downturn’s local effect.” (Alison Knezevich, “Manchin Working On Tax Relief, Health Care,” The Charleston [WV] Gazette, 2/6/09)
- West Virginia’s Unemployment Rate Was 6.3% When The Stimulus Was Passed Into Law In February 2009. (U.S. Department of Labor’s Bureau of Labor Statistics Website, www.bls.gov, Accessed 5/16/11)
In September 2011, West Virginia’s Unemployment Rate Was 8.2%. (U.S. Department of Labor’s Bureau of Labor Statistics Website, ww.bls.gov, Accessed 11/16/11)
In July 2012, West Virginia’s Unemployment Rate Was 7.4%. (U.S. Department of Labor’s Bureau of Labor Statistics Website, ww.bls.gov, Accessed 11/16/11)
In January 2005, When Manchin Was Sworn In, The Unemployment Rate Was 4.9%. (U.S. Department of Labor’s Bureau of Labor Statistics Website, ww.bls.gov, Accessed 5/16/11)
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