0 Shares By Mike Miller 8 months ago
White House adviser Dan Pfeiffer dusted off a familiar Democrat talking point on Fox News Sunday, once again blaming President Bush for the current state of the economy – five years after Bush left office.
The exchange began when host Chris Wallace questioned Pfeiffer’s reference to income inequality, which is expected to be a central theme of Obama’s State of the Union address Tuesday evening:
Some experts say the real reason that you got such income inequality is because of the weak Obama economic recovery. Let’s take a look at some of the numbers there. Since the president took office,
- median household income has dropped from $55,900 to $52,100
- poverty has increased by 6.7 million to a record 46.5 million
- participation in the labor force has dropped from 65.7 percent to a 36-year low of 62.8%.
Wouldn’t a stronger, more robust economy and recovery solve a lot of these problems the president is talking about?
Pfeiffer then returned to the same excuse Team Obama has used for more than five years:
Well, absolutely, but I think it’s important to remember this president inherited the worst economic situation since the Great Depression. A financial crisis. But –
Wallace stopped stopped him mid-sentence, pointing out the recession ended four years ago. After Pfeiffer countered that the unemployment rate has dropped to 6.7% (in large part, due to part-time jobs and the record number of people who have left the workforce) and that the American auto industry is once again number one in the world, the host asked him the best question of the interview:
But you talk about restoring opportunity. Median household income is down. Labor force participation is down. Food stamps are up. Poverty rate is up. If things are so great, how come they’re so lousy?