Illusory "Middle Class Economics"

While the president claims his "Middle Class Economics" is working, economist Stephen Moore lists "a dirty bunch of hidden indicators pointing to an American economy that may be in a lot worse shape than Washington is telling us," especially for the middle class families.

• It's been 10 years since Americans in the middle class got a pay raise that kept pace with inflation.
• Food, energy, tuition and health care prices have been running two to three times the official inflation rate.
• Income inequality worsened in each of Obama's first four years in office, breaking all-time highs in both 2011 and 2012.
• Small business creation hasn't been this low since 2001.
• The national debt has grown by $7.3 trillion. Total debt was $11 trillion when Obama took office; today it's $18 trillion, and additional $120,000 of debt for each U.S. worker.
• The percentage of Americans under 25 who are in the workforce is at its lowest level since the early 1970s.
• Entitlement spending on Social Security, Medicare, Medicaid and Obamacare is expected to nearly double in 2024 compared to 2013.

Read full article, Obama's Illusory Economic Recovery: Official Statistics Ignore the Real Hardships Families Face, by Stephen Moore