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Thread: US Median Income Lowest Since 1995

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by j-mac View Post
    I really do feel bad for progressives when the morning of Nov 7 is here and they wake up to find that their savior Obama is done.
    Yeah, The Taxman is doing so well here. Broadening the base...never saying anything dumb. What a hopeless clod.

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    Re: US Median Income Lowest Since 1995

    [QUOTE=Cardinal Fang;1060945429]No, it isn't. Unemployent in June 2009 was 14,727K. It peaked in October 2009 at 15,421K. Today it is 12,544K. Any questions?


    Housing starts in August 2012 = 750K.
    Housing starts in June 2009 = 585K.



    bush-vs-obama-housing-starts-july-20111.jpg


    As you can see housing starts have stabilized at rock bottom, not exactly something to be proud of.


    His unemployment record is equally static and unimpressive.

    "What was the unemployment rate when Bush left office and Obama was inaugurated? 7.8%

    What was the unemployment rate after Obama's first full month in office (February 2009)? 8.3%


    What was the unemployment rate at peak? 10.0%
    What is today's (July 2012's) unemployment rate? 8.3%"

    Now add to this the fact that median income is down, we have lost our AAA credit rating, gas prices have doubled, welfare is at record highs and what you have is a failed presidency.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by johnny_rebson View Post
    The unions are to blame for this.

    They got too greedy and demanded too much money. They forced us to send their jobs to China.
    what do you mean by
    "us"?

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by sawyerloggingon View Post
    As you can see housing starts have stabilized at rock bottom, not exactly something to be proud of.
    Neither is having flat-out lied about both the unemployment and housing starts numbers. Any comment on your having done THAT???

    Meanwhile, ask yourself who sent housing starts to those "rock bottom" levels of yours to begin with, and why that other guy didn't do something sooner to achieve stabilization at some higher level? Looks to me like just another garden-variety case of Republicans doing all the mess-creation work and Democrats coming along to do all the clean-up work. Nothing new there.

    Quote Originally Posted by sawyerloggingon View Post
    His unemployment record is equally static and unimpressive.
    This is your idea of static and unimpressive???

    MONTHLY JOB LOSSES
    bikini_Mar_2011.jpg

    Quote Originally Posted by sawyerloggingon View Post
    What was the unemployment rate when Bush left office and Obama was inaugurated? 7.8%
    What was the unemployment rate after Obama's first full month in office (February 2009)? 8.3%
    Yeah, and it kept getting worse all the way into October, an example of the negative ecocomic inertia unleashed by Bush and the fact that employment is a lagging variable anyway. But are you saying here that your understandings are so poor that you expected Obama to have turned the skyrocketing unemployment rate around in less than one month? That would be a classic, but you can't put such stuff past right-wingers.

    Quote Originally Posted by sawyerloggingon View Post
    What was the unemployment rate at peak? 10.0%
    What is today's (July 2012's) unemployment rate? 8.3%"
    Now add to this the fact that median income is down, we have lost our AAA credit rating, gas prices have doubled, welfare is at record highs and what you have is a failed presidency.
    Why is "tiday's rate" not the August rate? Didn't you like that one as much? Otherwise, no...all you have is a bunch of corrupt arguments and cherry-picked data that do not have the implications you try to attach to them. Median income is only continuing a decline that was begun under Republicans long ago, and this because income gains since the end of the recession have all gone not just to the top 50%, but to the top 10% or so, leaving only further income losses for those at lower levels. Our AAA rating actually means nothing to investors, and the rating downgrade was issued only as a slap in the face to stupid Republicans for their intransigence in refusing to face up to the necessity of tax increases. The average price of a gallon of regular gasoline in July 2008 was $4.05. It mysteriously sank to $1.59 in December and was back up to $1.83 by Inauguration Day. Today, it's at $3.78. You of course calculate from an extreme outlier value and pretend that it was representative. That's fraud, in case you didn't realize it. Welfare is income-dependent. Don't like welfare? Write your Republican lawmakers and tell them they need to stop manufacturing so many poor people.
    Last edited by Cardinal Fang; 09-25-12 at 12:28 PM.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by Cardinal Fang View Post
    Neither is having flat-out lied about both the unemployment and housing starts numbers. Any comment on your having done THAT???

    Meanwhile, ask yourself who sent housing starts to those "rock bottom" levels of yours to begin with, and why that other guy didn't do something sooner to achieve stabilization at some higher level? Looks to me like just another garden-variety case of Republicans doing all the mess-creation work and Democrats coming along to do all the clean-up work. Nothing new there.




    This is your idea of static and unimpressive???

    MONTHLY JOB LOSSES
    bikini_Mar_2011.jpg


    Yeah, and it kept getting worse all the way into October, an example of the negative ecocomic inertia unleashed by Bush and the fact that employment is a lagging variable anyway. But are you saying here that your understandings are so poor that you expected Obama to have turned the skyrocketing unemployment rate around in less than one month? That would be a classic, but you can't put such stuff past right-wingers.


    Why is "tiday's rate" not the August rate? Didn't you like that one as much? Otherwise, no...all you have is a bunch of corrupt arguments and cherry-picked data that do not have the implications you try to attach to them. Median income is only continuing a decline that was begun under Republicans long ago, and this because income gains since the end of the recession have all gone not just to the top 50%, but to the top 10% or so, leaving only further income losses for those at lower levels. Our AAA rating actually means nothing to investors, and the rating downgrade was issued only as a slap in the face to stupid Republicans for their intransigence in refusing to face up to the necessity of tax increases. The average price of a gallon of regular gasoline in July 2008 was $4.05. It mysteriously sank to $1.59 in December and was back up to $1.83 by Inauguration Day. Today, it's at $3.78. You of course calculate from an extreme outlier value and pretend that it was representative. That's fraud, in case you didn't realize it. Welfare is income-dependent. Don't like welfare? Write your Republican lawmakers and tell them they need to stop manufacturing so many poor people.
    You are the one cherry picking data in an embarrassing effort to save this failed president.Any realistic look at his term in office and the real data involved proves he is an abject failure.
    We can start with;

    Trillions more in debt

    gas has doubled in price

    lost AAA credit rating

    record high welfare rolls

    forign policy has failed


    unemployment persistantly over 8%

    housing starts bumping along the bottom

    home values bumping along the bottom

    failed energy policy

    fall in median income

    I could go on forever but I am already late for work. As you can see though this partial list of obama failures is real life pertinent straight forward facts. Everything I have said is relevant to all of us on a daily basis and is a direct measurement on how well obama has done or not done I should say. Now feel free to spin away and contort numbers in any topsy turvy way you can find on your left wing web sites. Have fun.

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    Re: US Median Income Lowest Since 1995

    Those are clown numbers, bro'. The real unemployment rate is U-3. Has been for generations. GDP since the recession ended...
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: US Median Income Lowest Since 1995

    Housing starts should be at rock bottom considering the number of available existing homes out there. Simple supply/demand working there.

    Median income is a horrible statistic on which to draw any conclusions--it doesn't tell you jack about what income below or above the median is. If 2 people make $10K, one person makes $50K, and 2 people make $1B, then the median income is $50K because there are an equal number above and below.

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    Re: US Median Income Lowest Since 1995

    Did someone just call Bush the worst president ever?

    He was painfully average. Calling him the worst ever is like calling Obama the worst ever: it says more about the person saying it than anything else.
    The whole modern world has divided itself into Conservatives and Progressives. The business of Progressives is to go on making mistakes. The business of Conservatives is to prevent mistakes from being corrected.
    -GK Chesterton

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    Re: US Median Income Lowest Since 1995

    Where the hell is Rutherford B. Hayes when you need him the most?

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by sawyerloggingon

    As you can see housing starts have stabilized at rock bottom, not exactly something to be proud of.
    Housing starts have bottomed because the inventory of vacant homes hasn't cleared, banks are reluctant to sell off their holdings, demand is down due to a variety of reasons, etc. Do you even know what a bubble is?
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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