The Patriot Post® · Obamanomics Hits Its Supporters Hardest

Stephen Moore: “The demographic groups that voted most heavily for Barack Obama in 2012 have suffered the most from this president’s economic policies. … I looked at the most recent Census Bureau data as analyzed by statisticians from Sentier Research. … According to the Sentier research, single women with and without children present saw their incomes fall by roughly 5 percent. Those age 25-34 experienced an income decline of 4.4 percent. Black heads of households saw their income tumble by 7.7 percent, while the income of Hispanic heads of households fell 5.6 percent. In other words, many of these groups experienced double the income fall than the average voter. Oh and by the way, the poor and unskilled that Mr. Obama says he cares so much about saw their incomes fall by 7.4 percent for those with less than a high-school diploma and 8.2 percent for those with only a high-school diploma. … Income redistribution isn’t an economic strategy for growth. It’s a lifeboat strategy. … The poor and minorities have taken the big hit – and that’s the real injustice of Obamanomics.”