I found the information for the chart above on the CNNMoney website. They were celebrating the fact that median income is finally starting to rise a bit in the United States. I have a different take on this. I find it ridiculous that the median income in this country still has not fully recovered from the recession -- even though the economic pundits tell us that the recession ended five years ago. Note that this is true of all three of the largest racial/ethnic groups in this country.
In the past, it has not taken more than five years for the median income to at least equal the pre-recession level -- and it shouldn't have taken so long this time. The only reason it has taken so long this time is because the Republicans didn't want President Obama to get credit for the recovery from the recession (created by a president of their own party) -- and to prevent that they have obstructed every bill introduced by the president (and Democrats) to right the economy and create jobs.
It is obvious that Wall Street and the giant corporations have recovered nicely from the recession. The stock markets are higher than ever before, and the giant corporations are making record profits. But the folks on Main Street have not fully recovered from the Bush recession -- and the Republicans in Congress don't seem to care. They continue to obstruct any cure to the ailing economy offered.
They do this now because they think they can fool the American people into believing that the slow recovery is the president's fault, and they hope that will help them hang on to control of the House of Representatives in the coming election. But the truth is that it is the GOP that has stymied the recovery from the recession their own policies created -- and the only solution they offer is to give the rich and the corporations more tax cuts.
Don't let the GOP fool you. Vote them out of office in the November election. That is the only way we can return to a sane and fair economic policy, and get the faltering economy moving again.
