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Senior Member Join Date: Jun 2013 Location: Katmandu
Posts: 5,245
| Middle Class Gained under GWB, Lost with Obama
Household incomes are down and if you look at the chart below you can see that households enjoyed a healthy gain in net worth during the GWB years and a 40% drop with Obama. Two numbers that show how badly America?s middle class is hurting - Vox ![]() |
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Banned Join Date: May 2013 Location: Northeast
Posts: 9,784
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Senior Member Join Date: Mar 2013 Location: Middle Tennessee
Posts: 7,186
| Quote:
Didn't the deindustrialization of America (and the destruction of our income base) start more than 40 years ago ?? Corporations, specifically banks created the economic crisis. Corporations, manufacturing, performed the deindustrialization of our country creating the resulting labor surplus. Congress and every president has essentially ignored, or paid little more than lip service to the illegal situation for decades now. Adding to the labor surplus. Is it any wonder that the average working person in this nation isn't keeping up ?? And now that SCOTUS has made corporation people too, corporations pumped $3.5 Billion dollars into the 2012 elections. They are expected to pour billions more into the next election cycles. Possibly exceeding $4 billion in 2016. So tell us, whose really to blame for the current economic situation ?? | |
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Talent on loan from god Join Date: Jun 2013 Location: Ohio
Posts: 27,192
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Psst......turns out that home equity surge was a phony mirage. It would have been nice to see the 2008 figures when the marketplace figured out how phony it was.
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Banned Join Date: May 2013 Location: Northeast
Posts: 9,784
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Yeah....nobody seems to have any interest in bragging about his last-three-years, alright. I guess it's always possible that's when our debt..... Quote: Last edited by Medicine Man; August 25th, 2014 at 10:03 AM. | ||
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Banned Join Date: May 2013 Location: Northeast
Posts: 9,784
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How's January o' 2008???? Quote:
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I'm debt free Join Date: Nov 2012 Location: Lebanon, TN
Posts: 35,546
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Thanks medicine man.. Even after BUSH'S worst year.. MEDIAN INCOMES INCREASES even after OBAMA'S BEST YEAR median incomes DECLINED. Thanks for proving Obama really is WORSE than Bush. When You smoke my friend, your Brain function plummets |
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Senior Member Join Date: Jun 2012 Location: Earth
Posts: 38,895
| Quote:
Corporations have alway been protected under the Bill of Rights, it was just a short period when they were not and the court corrected that. Who is to blame is Obama for the current state of the economy. You don't get the worse recovery in history without bad policies. Last edited by Jimmyb; August 25th, 2014 at 11:59 AM. | |
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I'm debt free Join Date: Nov 2012 Location: Lebanon, TN
Posts: 35,546
| Quote:
starting 9 months prior to Bush Tanking office NASDAQ had lost 55% of its value Crashed from 5500 to ~2500, S&P and Dow had lost ~20% of its value.. And Bush Corrected that downfall.. even after our Finacial Sector was attacked by terrorists. Then even after one of the greatest natural disasters in US history. His and the GOP's attempt to regulate the mortgage industry was blocked by Christ Dodd in Committee, which would have made the Mortgage crisis much less of a crash or could have prevented all together.. | |
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Senior Member Join Date: Jun 2013 Location: Katmandu
Posts: 5,245
| Quote:
You can see what the current administration has done about illegal immigration, opened the floodgates, hundreds of thousands have came across this year and were released into the US interior. You should keep that in mind when you go in the voting booth. | |
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Tags |
class, gained, gwb, lost, middle, obama |
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