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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
    Oh good God! 4 years and all you progressives have is to still blame Bush?
    Yeah, people still tend to blame John Wilkes Booth for the death of Abraham Lincoln as well. It's amazing how tough the blame can be to wash off when you actually were responsible for something. Bush will still be taking the hit for the calamity he created in the history books of the 22nd century. Better get used to it.

    Quote Originally Posted by j-mac View Post
    I guess it just fine in America if you think that real unemployment numbers in the double digits are the norm, if you think that GDP growth flat, or less than 1% per year is what we should accept.
    Those are clown numbers, bro'. The real unemployment rate is U-3. Has been for generations. GDP since the recession ended...

    +1.4%
    +4.0%
    +2.3%
    +2.2%
    +2.6%
    +2.4%
    [Republicans take House]
    +0.1%
    +2.5%
    +1.3%
    +4.1%
    +2.0%
    +1.7%

    Quote Originally Posted by j-mac View Post
    This failure of a President, along with the self guilt of success that progressives project are exactly what turned the recession of 1932 forward into a full blown depression.
    LOL!!! The official end of the most recent recession was in June 2009. The official end of the one that began in August of 1929 came in March 1933. Maybe you missed it.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by Hare View Post
    ...it's important to note that the U-6 figure currently resides around half a percentage point lower than it did in February of 2009, and around 2.5 percentage points higher than it's peak during October of 2009.
    Employment is a lagging variable. Anything including or related to it is goping to run something on the order of 6-9 months behind the trend. Ergo the U-6 peak in October 2009. U-3 (i.e., the real unemployment rate) peaked in that same month.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by Cardinal Fang View Post
    Yeah, people still tend to blame John Wilkes Booth for the death of Abraham Lincoln as well. It's amazing how tough the blame can be to wash off when you actually were responsible for something. Bush will still be taking the hit for the calamity he created in the history books of the 22nd century. Better get used to it.


    Those are clown numbers, bro'. The real unemployment rate is U-3. Has been for generations. GDP since the recession ended...

    +1.4%
    +4.0%
    +2.3%
    +2.2%
    +2.6%
    +2.4%
    [Republicans take House]
    +0.1%
    +2.5%
    +1.3%
    +4.1%
    +2.0%
    +1.7%


    LOL!!! The official end of the most recent recession was in June 2009. The official end of the one that began in August of 1929 came in March 1933. Maybe you missed it.

    Ok Mr. Chips....Tell me how things happen under Bush are Bush's fault, but things that happen under Obama, are magically Congresses fault....?
    That is some double standard you have going on there. BRO.
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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by sawyerloggingon View Post
    Unemployment is up since obama "turned the economy around"
    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?

    Quote Originally Posted by sawyerloggingon View Post
    housing starts and values are down.
    Housing starts in August 2012 = 750K.
    Housing starts in June 2009 = 585K.

    fhfa_home_prices.jpg

    Doesn't really look like "down" to me.

    Quote Originally Posted by sawyerloggingon View Post
    Food stamp recipients and people on welfare are up...
    These numbers are SUPPOSED to go up during a recession, especially one as deep and disastrous as the Great Bush Recession. Next thing, you'll complain that the number of people receving unemployment insurance has gone up.

    Quote Originally Posted by sawyerloggingon View Post
    ...and kids graduating from college can't find jobs.
    LOL!!! 4.2 million Americans started a new job in July of this year. I'm pretty sure a bunch of them were recent college grads.

    Quote Originally Posted by sawyerloggingon View Post
    No way to spin this but nice try.
    Must be a lot easier for those who feel they can just lie about everything.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by j-mac View Post
    The term of real unemployment is continued, and relevant because it is a fact...
    It's a fact that U-6 has nothing to do with unemployment. It is one of several alternate measures of labor under-utilization. Questions to enable its estimation were added to the monthly CPS questionnaire in 1993 at the request of scholars and researchers. The people who quote the number on internet forums today rarely appear to be in either category.

    Quote Originally Posted by j-mac View Post
    If you take all those people that were in the workforce in January of 2009 that have dropped out of even looking for work, then your real number would be around 16%...
    The civilian labor force has INCREASED since January 2009...154,236K to 154,645K. Where are you getting all these drop-outs from?

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by j-mac View Post
    Fact: Unemployment has been at or above 8% for 45 straight months....
    43 straight months, actually. Feb 2009 (8.3) through Aug 2012 (8.1). You guys seem to be kind of bad at just about everything.

    Quote Originally Posted by j-mac View Post
    That sir is a failure....By Obama's own words he was supposed to have that number at 6% or lower by now.
    Really? Got a link to those words? Go ahead...make my day.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by PeteEU View Post
    The ironic part..most of this is the fault of the GOP and the Bush administration.. they started the slide and it is damn hard to stop such a slide...
    Uh, no. That partisan hackery doesn't fly here. No one but the other Kool-Aid drinkers buy that delusion. Actually, the blame can be shared. Some of the information in the link below I agree with, and some, not so much, but the bottom line Obama lovers, it wasn't all Bush's fault. Some yes.

    Remember Clinton's democratic congress who demanded lower credit and downpayment requirements for home buyers?

    Does the name Barney Frank also ring a bell?

    After all that inflation no wonder median incomes have rescinded to 1995 levels.

    FactCheck.org : Who Caused the Economic Crisis?
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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by Lord Tammerlain View Post
    Bunch of lazy buggers who should get off their buts and find better work rather then look to the government to save them

    Like the multinational companies and the energy companies who drain trillions from our budget with government subsidies and tax breaks?
    Alex Carey:

    ... the 20th century has been characterized by three developments of great political importance: The growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy.

    Australian social scientist, quoted by Noam Chomsky in World Orders Old and New

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by Μολὼν λαβέ View Post
    Uh, no. That partisan hackery doesn't fly here. No one but the other Kool-Aid drinkers buy that delusion. Actually, the blame can be shared. Some of the information in the link below I agree with, and some, not so much, but the bottom line Obama lovers, it wasn't all Bush's fault. Some yes.

    Remember Clinton's democratic congress who demanded lower credit and downpayment requirements for home buyers?

    Does the name Barney Frank also ring a bell?

    FactCheck.org : Who Caused the Economic Crisis?

    Clinton had a republican controlled Congress. Show us the bill you are talking about.
    Alex Carey:

    ... the 20th century has been characterized by three developments of great political importance: The growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy.

    Australian social scientist, quoted by Noam Chomsky in World Orders Old and New

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by Hare View Post
    Also, how much did the unemployment rate tick up during Carter's term?
    LOL! Not something that right-wingers like to talk about much. It was 7.5% when Carter took office and 7.5% when he left. In between, it was always lower, reaching a low of 5.6% in May 1979. The Carter years were actually an island of economic sanity in comparison to what existed on either side.

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