Obamanomics: U.S. Sees Biggest Income Drop In 20 Years…

Courtesy of those tax hikes Obama insisted on. Via Bloomberg: Consumer spending in the U.S. rose in January even as incomes dropped by the most in 20 years, showing households were weathering the payroll-tax increase by socking away less money in the bank. Household purchases, which account for about 70 percent of the economy, climbed 0.2 percent after … Continue reading Obamanomics: U.S. Sees Biggest Income Drop In 20 Years…