CNBC: 'Welcome to the Suburban Depression'

“The suburban poverty rate is 11.8 percent, a level not seen since 1967,” John Carney of CNBC reports.

Fortunately, we’ve got just the man at the helm to see us through this:


“I’m not interested in the suburbs. The suburbs bore me,” Barack Obama told the AP in the early 1990s, as Joel Kotkin reminds us, in this passagehighlighted last October by Glenn Reynolds:

Many of the administration’s most high-profile initiatives have tended to reflect the views of urban interests – roughly 20 percent of the population – rather than suburban ones.

When the president visits suburban backyards, it sometimes seems like a visit from a “president from another planet.” After all, as a young man, Obama told The Associated Press: “I’m not interested in the suburbs. The suburbs bore me.”

In June of 2008, Jim Geraghty spotted a similar theme in a book by David Mendell titled Obama: From Promise to Power:

“[Obama] always talked about the New Rochelle train, the trains that took commuters to and from New York City, and he didn’t want to be on one of those trains every day,” said Jerry Kellman, the community organizer who enticed Obama to Chicago from his Manhattan office job. “The image of a life, not a dynamic life, of going through the motions… that was scary to him.”

It’s not easy being President Zero President Mondale:


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