“Using constant 2012 dollars (to adjust for inflation), the median annual income of American households was $53,718 as of June 2009, the last month of the recession.  Now, after 38 months of this ‘recovery,’ it has fallen to $50,678 — a drop of $3,040 per household.”

How bad is the Obama economy?  Family incomes are falling more than twice as fast under Obama than they did during the recession.

“From the start to the end of the recession, the real median income of American households fell $1,413, or 2.6 percent.  From the end of the recession to the present day, it has dropped $3,040, or 5.7 percent,” the Standard reports.

Thirty-one percent (31%) say “the economy” is “the most important problem facing this country today.”  The second most pressing issue is “jobs,” coming in at 26 percent.

Combined, 57 percent of Americans cite jobs or the economy as the issue most in need of attention.  Immigration garnered only three percent.  Drugs, war and climate change did not even register on voter’s list of concerns.

The poll also found:

* “Seniors as well as Americans in households earning less than $30,000 annually join blacks in putting the greatest emphasis on unemployment and jobs as the nation’s top problem. By contrast, middle- and high-income Americans and those aged 18 through 64 are more likely to name ‘the economy.’”

* “Blacks focus more than either whites or Hispanics on unemployment as the nation’s top problem. However, whites worry more than blacks or Hispanics about the federal budget deficit…”

* “About 10% of adults in every major age group mention the federal budget deficit as the top problem, but it is of particular concern to Republicans (16%), adults earning $75,000 or more (12%), whites (11%), and men (11%). Relatively few blacks, Hispanics, low-income Americans, or Democrats mention the issue.”

Only forty-four percent (44%) of adults say the economy will be stronger five years from now. Twenty-two percent (22%) say the economy will be weaker, while nine percent (9%) say it will be about the same.  A stunning 25% are not sure. (Poll wording here.)

Additionally, consumer confidence in the Obama economy plummeted five points after last Friday’s April jobs report found 300,000 Americans left the labor force last month.

• 53 percent of Republicans and 11 percent of Democrats agree.

• 38 percent overall say the economic situation is “getting better.”

• 18 percent of Republicans and 68 percent of Democrats agree.

• 22 percent overall say the situation is “staying the same.”

• 8 percent of Republicans and 19 percent of Democrats agree.

Source: A Poll Position survey of 1,242 registered voters conducted Feb. 12, reported by The Washington Times‘ Jennifer Harper.

Shouldn’t these voters know they have an alternative to the failed Republican and Democrat parties?

Libertarians offer The Prosperity Plan:

The “Libertarian Prosperity Plan” seeks to repeal the income tax and abolish the IRS, enact a constitutional amendment requiring a balanced federal budget without tax increases and repeal all corporate welfare programs and bailouts.

“The ‘Libertarian Prosperity Plan’ is rooted in the Libertarian Party platform and bedrock libertarian principles.  Unlike the other parties, we don’t promise tax cuts to just grab enough votes to win and then do nothing.  Elected Libertarians enact tax and spending cuts because it is what we believe in.

The Plan would:

1)    Repeal the income tax: Adopt legislation repealing the income tax and abolishing the Internal Revenue Service.  Until the income tax is repealed, adopt legislation preserving the 2001 and 2003 tax cuts and enacting across-the-board income tax cuts.

2)    Adopt the Balanced Budget Amendment: Adopt a constitutional amendment requiring the federal budget be balanced, and balanced exclusively by cutting expenditures, not by raising taxes.

3)    Abolish corporate welfare and bailouts: Adopt federal legislation prohibiting any federal spending program that provides payments or unique benefits and advantages to specific companies or industries, terminating programs that provide direct grants to businesses, eliminating programs that provide research and other services for industries and ending programs that provide subsidized loans or insurance to businesses.