WELCOME TO THE RECOVERY – AT 9:04 A.M. ET:  American workers have been hit hard.  From Breitbart: 

U.S. jobs pay an average 23% less today than they did before the 2008 recession, according to a new report released on Monday by the United States Conference of Mayors.

In total, the report found $93 billion in lost wages.

Jobs lost during the recession paid an average $61,637. As of 2014, jobs in the same sectors paid an average of $47,171 annually.

"Under a similar analysis conducted by the Conference of Mayors during the 2001-2002 recession, the wage gap was only 12% compared to the current 23%--meaning the wage gap has nearly doubled from one recession to the next," stated the Conference of Mayors in a statement.

The report also found that 73% of metro area households earn salaries of less than $35,000 a year.
President Barack Obama, who is on a two-week vacation at Martha's Vineyard, has yet to comment on the dour economic findings.

COMMENT:  This is awful.  It can't be attributed entirely to Obama, but his backward economic policies haven't helped, and his aversion to free enterprise and its potential has certainly not helped.

One serious economic bump and we'll be back in recession.  As it is, Americans are getting used to an economic status lower than they had before.  That is the saddest part.

August 12,  2014