Story from the Washington Times. (H/T ECM)
Excerpt:
Real personal income for Americans – excluding government payouts such as Social Security – has fallen by 3.2 percent since President Obama took office in January 2009, according to the Commerce Department’s Bureau of Economic Analysis.
For comparison, real personal income during the first 15 months in office for President George W. Bush, who inherited a milder recession from his predecessor, dropped 0.4 percent. Income excluding government payouts increased 12.7 percent during Mr. Bush’s eight years in office.
“This is hardly surprising,” said Douglas Holtz-Eakin, an economist and former director of the nonpartisan Congressional Budget Office. “Under President Obama, only federal spending is going up; jobs, business startups, and incomes are all down. It is proof that the government can’t spend its way to prosperity.”
According to the bureau’s statistics, per capita income dropped during 2009 in 47 states, with only modest gains in the other states, West Virginia, Maine and Maryland. But most of those increases were attributed to rising income from the government, such as Medicare and unemployment benefits.
And tax hikes are right around the corner, because his massive spending requires it.
WINTERY KNIGHT 
Linked to your post from Keynesian Economics Same thing happened before World War II … The economy did not recover until Government spending and taxation was cut after the war.
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Obama criticized Bush for incomes going down during the campaign. Now they’ve dropped even lower under his alleged leadership. Not surprised, that’s what happens when you elect someone who’s never run a lemonade stand to the Presidency.
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Heh, sorry to say, but it might be worth noting that the Canadian dollar is now worth more than the American dollar.
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