Mark Warner’s current Senate term is a disaster. His election in 2008 gave Senate Democrats a majority and look what their partnership with President Obama has achieved:
- Since the Democratic Class of 2008 took control, the average real income of the poorest one-fifth of American families has declined every year, falling to $15,534 in 2012 from $16,962 in 2008 (the 2013 data will be released Sept. 16). The average real income of the lowest quintile of Americans is now below the level it was in 1968, the year when the War on Poverty began its spending surge.
- The next-highest income quintile, often referred to as the working class, has also experienced a continuous decline in real income since January 2009. The average income of these Americans has fallen 6.5% and is now $1,182 lower than it was when President Reagan left office.
- The third quintile—America’s middle class—has seen its average income decline to $62,464 from $65,672. More than half of this decline has occurred since the recovery officially began in the second quarter of 2009.
- Losses for the typical household, as measured by real median income, have been especially heavy in the very states where 2008 Senate Democrats are up for re-election. In Alaska, household income in 2012 was 7.2% lower than it was at the end of 2008, falling back to its 1988 level. In Arkansas, household income has dropped 8.2%. Colorado households have 13.5% less income than they did before the Democratic Congress and President Obama transformed America. The same is true in Louisiana, where household income has fallen 7.9%. And in North Carolina, household income has declined 10.2%—falling to the lowest level in the 28 years the Census Bureau has provided state-by-state income data.
- Married women, unmarried women and women living alone all saw their incomes fall.
- The median income of women has fallen more during the recovery than it did during the recession, an unprecedented economic failure in postwar America.
- The real median income of African-American households has fallen by 9.5%, more than any other major census classification.
- Hispanic income has fallen, especially for middle-income Hispanic families, whose income has declined every year since 2008. According to the latest census data, the income of middle-class Hispanics is lower than when Jimmy Carter was president.