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→The Output Gap
Workers during '''Recovery Summer''' were making less money due to a decline in the average number of hours worked per week. Likewise fewer payroll hours does not bode well for the Unemployed, as payroll hours are first to be increased before an employer hires more workers. Declining payroll hours and Workforce participation are two examples of 'under utilization of resources' contributing to the Output Gap.
Workers during '''Recovery Summer''' were making less money due to a decline in the average number of hours worked per week. Likewise fewer payroll hours does not bode well for the Unemployed, as payroll hours are first to be increased before an employer hires more workers. Declining payroll hours and Workforce participation are two examples of 'under utilization of resources' contributing to the Output Gap.
[[File:Real Disposable Personal Income.JPG|200px|right|thumb|Personal income took a marked decline during Recovery Summer. Consumer spending, job creation were all affect.]]<br>
[[File:Real Disposable Personal Income.JPG|200px|right|thumb|Personal income took a marked decline during Recovery Summer. Consumer spending, job creation were all affect.]]<br>
The [[United States Department of Commerce]] announced Real Disposable Personal Income<ref> http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm</ref> declined $16.8 billion in the lasr reporting period of Recovery Summer. Consumer spending which accounts for 70% of all economic activity, job creation, and [[Unemployment]] were all affected. One cause was fewer payroll hours. Further declines in worker takehome also are scheduled to occur after January 1, 2011, when the Obama tax increase is slated to take effect.
The [[United States Department of Commerce]] announced Real Disposable Personal Income<ref> http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm</ref> declined $16.8 billion in the lasr reporting period of Recovery Summer. Consumer spending which accounts for 70% of all economic activity, job creation, and [[Unemployment]] were all affected. One cause was fewer payroll hours.
Further declines in worker takehome also are scheduled to occur after January 1, 2011, when the Obama tax increase is slated to take effect. While campaigning in [[Dover]], [[New Hampshire]], on September 12, 2008 while then [[Barack Hussein Obama 2008 Presidential campaign|candidate Obama]] made this solemn promise<ref>http://www.youtube.com/watch?v=Q8erePM8V5U<ref> to the American people:
:''I can make a firm pledge: under my plan, no family making less than $250,000 will see their taxes increase - not your income taxes, not your payroll taxes.''ref>http://www.realclearpolitics.com/articles/2008/09/obamas_remarks_in_dover_new_ha.html</ref>
As of January 1, 2011, income taxes and payroll taxes are slated to increase on all working people in the United States, including the poor and those least able to afford it. A working family with four children, for example, will pay $215 more ''per month'' under [[President Obama]] and the Congressional Democrats economic program.
[[File:Obama tax increases.JPG||200px|right|thumb|The Obama Tax increases on the poor and [[Middle class]].]]
==Stimulus edges [[Unemployment]] higher==
==Stimulus edges [[Unemployment]] higher==