From the Washington Times:

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.”

So, hmmm…let’s see if I have this right: You cannot spend your way out of debt, or into prospertiy, or create jobs, or really do anything helpful for the financial stability and health of our Nation by SPENDING MONEY LIKE A CRACK ADDICT ON PAYDAY.

Wow.  And all this time, I was really hoping the whole “Hope and Change” thing was gonna work.  (Okay, I’m lying.  I knew it was a failure awaiting the light of day.  We all did.)

Read the rest of the Washington Times article here.

Long Live our Republic.