NYT: American household worth down drastically, Obama not mentioned

The N.Y. Times admits Obama has
failed the American people, economically.

The New York Times admits Obama has been a total failure for Americans on the economy, but they don't blame Obama.

The NYT says: “The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation.

Another theme of the article attacks the 1 percent, for getting richer. And it decries income inequality.

The Times also takes pains to avoid implicating Obama: it claims: “much of the damage has occurred since the start of the last recession in 2007.” But most Americans began to suffer in late 2008, when Obama was elected. While the previous administration left around the time of a downturn, things have not gotten better in six years of Obama, despite demanding and spending trillions to correct it. 

Massive -but disguised - unemployment, partial jobs and salary reduction have been a staple of Obama's tenure. High prices for energy and food are other factors that steal wealth from families. Those have been constant under Obama, but the Times ignores those facts.

The Times goes all the back to 2001, looking for a scapegoat for the income decline that has been TOTALLY under the watch of Barack Obama:

But the Times says: ““The housing bubble basically hid a trend of declining financial wealth at the median that began in 2001,” said Fabian T. Pfeffer, a University of Michigan redistribution professor.

This rewriting of history, and perverting of the truth by media, is how we end up with such a very inept president as Obama. And then he got re-elected despite his obvious incompetence.

The Times also gives Obama supporters talking points when Obama's failure is referenced.