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Obama Celebration - Typical Household, Now Worth a Third Less

Discussion in 'Political Discussion' started by IcyPatriot, Jul 27, 2014.

  1. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #24 Jersey

    But he's a cool cat :eek: ... the rich love Obama :rolleyes: ... how about that.:confused:
    LOL he's got blacks and minorities in his back pocket and he uses the power from their votes to enrichen the rich ... now that forum members is one cool hand snake oil salesman if ever there was one.


    http://www.nytimes.com/2014/07/27/business/the-typical-household-now-worth-a-third-less.html?_r=1

     
    Last edited: Jul 27, 2014
  2. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    But some cling to the belief that big government produces more wealth.
     
  3. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #24 Jersey

    It does for the rich ... Obama's clientele.
     
  4. Mrs.PatsFanInVa

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    #24 Jersey

    Funniest politically-hypocritical post of the day.
     
  5. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    AAAAAA.png The "Beautiful Messiah" America's first real shithead president.
     
  6. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #24 Jersey

    Have they gotten richer or poorer under the Obama administration?

    Is this hypocritical Mrs. PF?
    http://money.cnn.com/2013/09/15/news/economy/income-inequality-obama/

     
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    Last edited: Jul 27, 2014
  7. PatsFanInVa

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    My God you folks can be dense.

    This story relates to a comparison between 2003 and 2013. What was the biggest economic factor in our daily lives between the dates?

    If you don't say the collapse of 2008, you have no business posting on anything having to do with what's good or bad for average household wealth. Ever. Anywhere.

    PFnV
     
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  8. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Handing our poor money will never reduce the number of poor in our country.

    Also, the poor will never fair well in either good times or bad because they'll never get any raises. It's not like we're going to say "We need to give the poor more money so their standard of living will improve".

    The ONLY way to improve one's standard of living is to work for it. And that's really a very good thing.
     
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  9. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #24 Jersey

    All I heard about in the last 2 elections was my plan - my plan - my plan.

    Plan is not working as nothing is being reversed - 6 years in no reversal rich are richer ... Capish?

    Being self-employed I do not need to read anything to know this ... I feel it everyday.

    But for the sake of the forum .. one must post links from liberal approved sites if possible.:rolleyes:
     
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  10. Mrs.PatsFanInVa

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    #24 Jersey

    No, but it's disingenous not to post the rest of what he said.

     
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  11. Mrs.PatsFanInVa

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    #24 Jersey

    Blaming it all on Obama would make sense if any significant parts of the "plan" had been permitted to be implemented...but the Republicans saw to it that they weren't.
     
  12. PatsFanInVa

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    Again, what are we really discussing? The events of 07-08; the actions that inexorably led to them; and yes, the response that has led to the recovery we see through 2013. When you include the 401(k) balances, in terms of the funds that existed in 08, the markets have only recently recovered to pre-collapse levels. In terms of wealth measured by home ownership, that's only recovered in some areas, and again, only recently.

    "Whose fault is that?"

    Part of the fault is the sheer depth and breadth of this recession. Some of it is obstruction against recovery efforts.

    I know that one popular bulletin board sport is to point to election day or inauguration day as the day that everything was supposed to turn around.

    Truth is, that's like looking at a 50,000 TEU containership doing 40 knots, putting in a new captain, and steering hard to port. It doesn't take a right-angle turn. You also have in this case a bunch of deck hands trying to pull the wheel another direction, as the Mrs. points out.

    So you can only complain about "my plan" to the extent that it's been implemented, yes.

    But you also have to look at the depths of the recession in 2009. That ain't on Obama, that's momentum. Particularly after stimulus aimed at infrastructure was gutted in favor of keeping the states afloat, and we deemed it impossible to really do both. Just as an example.

    As to results? I dunno, Icy. We can point to every major indicator going the right direction, but that's useless if you just sit in the armchair and say "but it should be even bettah!" We can point to unemployment going from 10% to 6-7%, and you can try to redefine unemployment. Rinse, repeat.

    You remember the days in the depths of the recession? Were you even there? You remember "we might not have an economy on Monday"?

    I hear the frustration and I share your apparent plea for the middle class and the poor to benefit more from economic gains. Prior to Reaganism we were able to achieve that aim, because we did not see progressive distribution goals as "socialist." We saw them as enlightened self-interest. So, the country thrived.

    Today we have Ayn Rand wannabees taking over the GOP, and having at least a voice in the Democratic party. A good old-fashioned dose of love thy neighbor and common sense would probably be the best tonic for this country - because if your neighbor's not prosperous, you might not be either.

    Instead we've got Love Thy Corporation, Hate Thy Neighbor, divide and conquer politics.

    You'll point at Obama for causing this. "Bad Obama" was the excuse for this attitude. You saw how it turned in 08, how ugly it got, the vilification before he set foot in the white house.

    I'm not going to flame you, I'm just going to point out where we are -- and what tends to correct what you're concerned with, lack of wealth on the part of the "average guy." Look ye to thy gini index! Look ye to its correction!

    PFnV
     
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  13. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    PFiVA.....

    During the Great Depression, our gov't put people to work instead of handing them support. We are currently spending as much on support as FDR's administration spent on the WPA....so do you want to double-up and also put people to work?

    Secondly, in post-depression, we added MILLIONS of good middle class jobs so the WPA didn't have to be extended. But today, we can't assume there would be a post-great Recession increase in middle class jobs.

    So what would we do after our economy gets back to growing? Would we end the new version of the WPA? Or would you want it to become permanent?
     
  14. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #24 Jersey

    Only in your mind Mrs. PF ... only in your mind.
    Disingenuous .......

    Next time I will post all he has said for the last 6 years.
     
    Last edited: Jul 27, 2014
  15. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #24 Jersey

    Did I blame it all on Obama ...
    Can you reference that?

    Like I have been saying changing what people say is like modus operandi in your house.

    That is a very disingenuous way to have a conversation ... tends to like ruin it.
     
  16. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #24 Jersey


    Instead of the diatribe above ...

    I suggest you go back to the campaign promises of 2007 ...

    Many unfulfilled regarding getting companies to come back to America.

    Companies outside the country enrich the rich ... companies here provide for all.
     
  17. Hamar

    Hamar In the Starting Line-Up

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    #11 Jersey

  18. PatsFanInVa

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    Okay so is your point that Obama should have changed things more?
     
  19. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #24 Jersey

    Absolutely ... it is what he promised.

    He should have at least made a better attempt.

    More than a few threads here referencing our rebounding economy under Obama.

    The common man is not reaping the benefits are they?

    However the rich are getting richer which would be fine if they had incentive to invest in the USA but they do not have that incentive which was also a big promise. I have no problem with rich people being rich ... I do have problems with politicians who do not try to come up with creative ways for those people to invest here in the USA.

    Obama's people have been busy trying to get them to pay more taxes from out of the country investments ... punishing them so to speak ... how about better incentives for them to invest here of their own free will?
     
  20. Real World

    Real World Moderator Staff Member

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    Obamanomics.

    This is what happens when you couple a community organizer, with establishment politicians in both houses. We get the government we deserve.

    [​IMG]

    The analysts at Sentier Research (a company that provides demographic and income analysis, run by former Census Bureau officials) note that median income has been depressed recently by inflation. While inflation is still quite low, income growth has been so weak that even very little inflation is enough to wipe out whatever gains households are seeing in their paychecks.

    The longer-run trends are even more depressing.

    February’s median annual household income was 5.6 percent lower than it was in June 2009, the month the recovery technically began; 7.3 percent lower than in December 2007, when the most recent recession officially started; and 8.4 percent lower than in January 2000, the earliest date that this statistical series became available.
     

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