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Thread: Under Obama, Poor, Middle Class Incomes Fall Sharply

  1. #11
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    Re: Under Obama, Poor, Middle Class Incomes Fall Sharply

    Quote Originally Posted by Wiseone View Post
    Well the OP is, but its true that candidates often over promise.
    The OP refers to the recovery period (since 2009). The recovery has been uneven, particularly in 2011.

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    Re: Under Obama, Poor, Middle Class Incomes Fall Sharply

    affable, gaffe-able, laughable joe biden in charlotte today:

    Biden: Middle Class "Has Been Buried The Last Four Years" | RealClearPolitics

    yup

    romney/ryan pounced

    "of course the middle class has been buried, buried by regulations, buried by taxes, buried by borrowing, buried by the obama administration’s economic failures”

    Ryan: 'We agree' with Biden that middle class is being 'buried' - POLITICO

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    Re: Under Obama, Poor, Middle Class Incomes Fall Sharply

    the OP is
    ibd and ap laid out the numbers, nothing more

    candidates often over promise
    you can say that again

    Romer and Bernstein on stimulus - Krugman

    and when they do they get called on it

    Obama: My Presidency Will Be 'A One-Term Proposition' If Economy Doesn't Turn In 3 Years - YouTube

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    Re: Under Obama, Poor, Middle Class Incomes Fall Sharply

    bernanke yesterday, indianapolis:

    “I know that people who rely on investments that pay a fixed interest rate … are receiving very low returns, [which is] a situation that has involved significant hardship for some,” he said in an Oct. 1 speech in Indianapolis.

    However, he added, “I would encourage you to remember that the current low levels of interest rates … are in a larger sense the result of the recent financial crisis — the worst shock to this nation’s financial system since the 1930s.”
    Bernanke admits low interest rates hurt retirees | The Daily Caller

    accountability, anyone?

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    Re: Under Obama, Poor, Middle Class Incomes Fall Sharply

    Quote Originally Posted by Guy Incognito View Post
    The current crisis can really be traced back to the creation of the Federal Reserve and the fractional banking system.
    Why stop at the creation of the Federal Reserve? You should just go back to creation of money. That there is the problem.
    Last edited by Hatuey; 10-03-12 at 03:48 AM.
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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    Re: Under Obama, Poor, Middle Class Incomes Fall Sharply

    Quote Originally Posted by Hatuey View Post
    Why stop at the creation of the Federal Reserve? You should just go back to creation of money. That there is the problem.
    Bartering is for gents.

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    Re: Under Obama, Poor, Middle Class Incomes Fall Sharply

    Quote Originally Posted by specklebang View Post
    If the rich are getting richer then what does that say about the trickle down theory?
    Over-reaching government regulations made it harder for the lower classes to advance and discourage those that do have money from spending it.

    Who's going to start a business with Obamacare in place?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Under Obama, Poor, Middle Class Incomes Fall Sharply

    Quote Originally Posted by Hatuey View Post
    Why stop at the creation of the Federal Reserve? You should just go back to creation of money. That there is the problem.
    That's just it, sound money is not the problem.

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    Re: Under Obama, Poor, Middle Class Incomes Fall Sharply


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    Re: Under Obama, Poor, Middle Class Incomes Fall Sharply

    Quote Originally Posted by Wiseone View Post
    Yes we have not recovered from the recession, and yes the recession started right before Obama took office so there's all kinds of things you can say happened during his Presidency and pretend they are his fault, and finally yes its still as much bullcrap as its always been.

    In other words...

    ZZZZZZZZZZzzzzzzzzzzzzzz
    Its true the economy was not in good shape when Obama took office but how you lefties can keep blaming Bush 4 years later is mind boggling because Obama has taken a bad economy and made it 10 times worse...Just keep sleeping my left ing friend............
    "God Bless Our Troops in Harms Way."

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