The meaning of Obama's recession

Washington Post:

Household incomes shrank for the second year in a row in 2009, as the recession eroded the share of American families earning over $100,000 and swelled the ranks of people who are poor or just barely making it, according to census statistics released Tuesday.

The income estimates from the American Community Survey, a wide array of census statistics reported annually, underscore the devastation the recession has caused to millions of American households and families.

In the Washington area, however, the outlook was far less grim. Although the census said median household incomes dropped in virtually all regional jurisdictions, the share of wealthier households remained fairly stable or even increased.

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I remember my Dad talking about the Great Depression when he worked his way through college. He noted that those who fared best worked for either the government or a public utility.

That appears to be the case with Obama's recession too. By focusing the bulk of his "stimulus" on keeping people employed in government jobs, he has failed to create the private sector jobs needed to pay the taxes to support the public sector.