{"id":12460,"date":"2013-03-02T19:12:25","date_gmt":"2013-03-02T23:12:25","guid":{"rendered":"http:\/\/henrypayne.com\/?p=12460"},"modified":"2013-03-04T19:14:03","modified_gmt":"2013-03-04T23:14:03","slug":"under-obama-wall-street-thrives-main-street-dives","status":"publish","type":"post","link":"https:\/\/henrypayne.com\/index.php\/2013\/03\/under-obama-wall-street-thrives-main-street-dives","title":{"rendered":"Under Obama, Wall Street thrives, Main Street dives"},"content":{"rendered":"

\"\"<\/p>\n

From Barack Obama to Virg Bernero to Big Labor to Nancy Pelosi, the Democratic class war mantra has been that their party looks out for Main Street, not Wall Street.<\/p>\n

But the data betray that message. Take this week\u2019s headline stories.<\/p>\n

\u201cThe Dow Jones Industrial Average added 35.17 points to 14089 to notch its third-highest close of all time,\u201d\u00a0reported<\/a>\u00a0The Wall Street Journal Friday. Meanwhile, \u201cAmericans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years,\u201d\u00a0reported<\/a>\u00a0CNN Money.<\/p>\n

Why? While demon Wall Street has been\u00a0buoyed by<\/a>\u00a0corporate cost efficiencies and the return of the banking sector to health (more irony since banks are Democrat Enemy #1), business growth has suffered under President Obama\u2019s anti-business agenda \u2013 from jobs-killing coal regulations to Obamacare mandates chilling new hires.<\/p>\n

This disconnect between Democratic rhetoric and reality is nothing new. Since Obama entered the Oval Office, household income\u00a0has dropped<\/a>$4,019 in real dollars \u2013 down $2,544 since the recession ended in 2009, or nearly 5 percent of Americans\u2019 income.<\/p>\n

So while Democrats claim to defend Main Street, the only numbers they can crow about belong to Wall Street.<\/p>\n","protected":false},"excerpt":{"rendered":"

From Barack Obama to Virg Bernero to Big Labor to Nancy Pelosi, the Democratic class war mantra has been that their party looks out for Main Street, not Wall Street. But the data betray that message. Take this week\u2019s headline stories. \u201cThe Dow Jones Industrial Average added 35.17 points to 14089 to notch its third-highest […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,87],"tags":[],"_links":{"self":[{"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/posts\/12460"}],"collection":[{"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/comments?post=12460"}],"version-history":[{"count":1,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/posts\/12460\/revisions"}],"predecessor-version":[{"id":12461,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/posts\/12460\/revisions\/12461"}],"wp:attachment":[{"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/media?parent=12460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/categories?post=12460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/henrypayne.com\/index.php\/wp-json\/wp\/v2\/tags?post=12460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}