In an earlier post today (at NewsBusters; at BizzyBlog), I noted that reporters at Politico and CNNMoney.com seemed mystified at a CNN/Opinion Research Corporation poll showing that 68 percent of Americans believe the economy is in poor shape, and that over half believe it will still be that way a year from now.
One reason for their incredulity is that, perhaps deliberately, they haven't been paying attention to household income data compiled monthly by ex-Census Bureau workers at Sentier Research. Sentier's latest report covering November came out today. It shows that annualized inflation-adjusted median household income is still more than 7 percent below where it was when Barack Obama took office in Janaury 2009, and that it's gone nowhere in the 23 months since December 2011. At an index value of 92.7, November's figure is virtually the same as it was in December 2011 (92.8).
New York Times columnist Paul Krugman said Sunday that Democrats should risk a debt default to avoid being blackmailed by Republicans that are holding a bomb "over our head" in the form of serious budget cuts.
This came moments after FDIC chair Sheila Bair told ABC's "This Week" panel, "I think maybe there's a little too much testosterone in this debate. It’s too much about winning and losing and not enough both sides are right, let’s come together and have a solution" (video follows with transcript and commentary):