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Thread: Number Of Americans Living In Poverty Hits 52-Year High, 27.4 Percent Of Blacks Under

  1. #91
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    Re: Number Of Americans Living In Poverty Hits 52-Year High, 27.4 Percent Of Blacks U

    Quote Originally Posted by DA60 View Post
    Sure, except that:

    - the unemployment rate is worse

    The unemployment rate was 9.5% at the end of the Bush Recession. It was at 8.2% in June of this year.


    - the the workforce participation rate is down (at least half of that through workers simply giving up looking for full time work - so if you use the Dec. '08 participation rate, the unemployment rate is really over 9.7%)
    Unemployment has not been figured that way for decades.


    - food stamp usage is up
    Only slightly from the Bush years when the huge increase occurred.


    - the average house price is down
    House prices continue steady climb

    - the national debt is WAY up
    Wrong again!

    "Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.

    Even hapless Herbert Hoover managed to increase spending more than Obama has.

    Here are the facts, according to the official government statistics:

    • In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.

    • In fiscal 2010 — the first budget under Obama — spending fell 1.8% to $3.46 trillion.

    • In fiscal 2011, spending rose 4.3% to $3.60 trillion.

    • In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.

    • Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBO’s latest budget outlook.

    Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%.

    There has been no huge increase in spending under the current president, despite what you hear."

    Obama spending binge never happened - MarketWatch
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Number Of Americans Living In Poverty Hits 52-Year High, 27.4 Percent Of Blacks U

    FIRST: You typed: 'By almost every measure, Obama has made improvements in the situation he inherited...'

    Obama 'inherited the situation' in January, 2009.


    Quote Originally Posted by Catawba View Post
    The unemployment rate was 9.5% at the end of the Bush Recession. It was at 8.2% in June of this year.
    The last full month of G.W.B.'s Presidency, the unemployment rate was 7.8%.

    Today it is 8.2%

    Only slightly from the Bush years when the huge increase occurred.
    http://static.seekingalpha.com/uploa...con_origin.png

    Food Stamp Usage Continues To Set Records - Seeking Alpha


    You call a 40% increase 'only slightly'?

    Okaaaaaay.


    And what was the average housing price in America during the last 1/4 of GWB's Presidency?

    $276,600

    And what is it today?

    $257,600 (as of Q3 2011)

    So average prices are down - so there is no 'improvements in the situation he (Obama) inherited' in this case.

    US: Average Price of Houses Actually Sold



    Wrong again!
    Are you serious?

    US Federal Debt by Year 2007_2017 - Charts Tables History

    Are you actually saying that the national debt is not larger now then in January 2009?

    Yes or no, please?


    So, since Obama took over - the unemployment rate is worse, the participation rate is worse (mostly due to people giving up looking for full time employment), the average housing price is worse, food stamp usage is worse and the national debt is much worse.

    Please show me unbiased, factual proof that ANY of these statements are untrue?



    For the record - I think both G.W.B. AND Obama sucked as POTUS's.
    Last edited by DA60; 07-19-12 at 06:58 PM.

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    Re: Number Of Americans Living In Poverty Hits 52-Year High, 27.4 Percent Of Blacks U

    This is what I have taken from this thread.

    1. Poor people are in fact not poor because they own some luxury goods
    2. Being poor is your own fault
    3. Poor people who are fat have only themselves to blame ( not the billion dollar fast food industry that targets them or the supermarkets who have been cutting corners for years)
    4. "Sure your struggling to feed your family and your working 2 min wage jobs but have you seen those ****ers in Africa? Your lucky"
    5. Obama is to blame


    Good talk guys....
    ‘This is not peace, it is an armistice for 20 years.’ (Ferdinand Foch. After the Treaty of Versailles, 1919).

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    Re: Number Of Americans Living In Poverty Hits 52-Year High, 27.4 Percent Of Blacks U

    Quote Originally Posted by DA60 View Post
    FIRST: You typed: 'By almost every measure, Obama has made improvements in the situation he inherited...'

    Obama 'inherited the situation' in January, 2009.


    The last full month of G.W.B.'s Presidency, the unemployment rate was 7.8%.

    Today it is 8.2%

    Unfortunately, Bush's Great Recession did not magically end when he left office.


    Food Stamp Usage Continues To Set Records - Seeking Alpha
    And we see who's policies started that upward trend:



    People on Food Stamps Jumped 14.7% in a Year | The Economic Populist



    And what was the average housing price in America during the last 1/4 of GWB's Presidency?

    $276,600

    And what is it today?

    $257,600 (as of Q3 2011)

    So average prices are down - so there is no 'improvements in the situation he (Obama) inherited' in this case.
    Housing prices were inflated beyond their value. That bubble burst. Housing prices will never return to that level. However, as I documented above, housing prices continue to go up.






    Are you serious?
    Definitely!!!



    Are you actually saying that the national debt is not larger now then in January 2009?

    Yes or no, please?
    No, what I said was the rate of debt growth slowed significantly under the President, as these facts referenced above clearly show:

    "Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.

    Even hapless Herbert Hoover managed to increase spending more than Obama has.

    Here are the facts, according to the official government statistics:

    • In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.

    • In fiscal 2010 — the first budget under Obama — spending fell 1.8% to $3.46 trillion.

    • In fiscal 2011, spending rose 4.3% to $3.60 trillion.

    • In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.

    • Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBO’s latest budget outlook.

    Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%.

    There has been no huge increase in spending under the current president, despite what you hear."
    Last edited by Catawba; 07-19-12 at 07:21 PM.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Number Of Americans Living In Poverty Hits 52-Year High, 27.4 Percent Of Blacks U

    Quote Originally Posted by Catawba View Post

    No, what I said was the rate of debt growth slowed significantly under the President, as these facts referenced above clearly show:
    You still have not answered my question.

    You said that I was wrong when I typed that the national debt has gone up under Obama.

    Now once again - has the national debt gone up since Obama took over?

    Yes or no?





    And once again:

    So, since Obama took over - the unemployment rate is worse, the participation rate is worse (mostly due to people giving up looking for full time employment), the average housing price is worse, food stamp usage is worse and the national debt is much worse.

    Please show me unbiased, factual proof that ANY of these statements are untrue?
    Last edited by DA60; 07-19-12 at 08:22 PM.

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    Re: Number Of Americans Living In Poverty Hits 52-Year High, 27.4 Percent Of Blacks U

    Quote Originally Posted by DA60 View Post
    You still have not answered my question.

    You said that I was wrong when I typed that the national debt has gone up under Obama.
    Yes, I did. What I've documented is that it has only increased slightly under the president vs the record debt growth under Bush.





    And once again:

    So, since Obama took over - the unemployment rate is worse,
    Only to those that think the Great Recession magically ended when Bush left office. For the rest of us, the recession ended in June 2009, when the unemployment rate was 9.5%.

    the participation rate is worse (mostly due to people giving up looking for full time employment),
    Only by using fuzzy math, which is why they haven't used that method for decades.


    the average housing price is worse,

    That's what happens when you create a housing bubble built on junk securities, it bursts! Doesn't change the fact that housing prices continue to go up as I've documented.

    food stamp usage is worse
    Due to 30 years of supply side economics and financial deregulation.


    and the national debt is much worse.
    Nope, its only slightly higher, and the rate of growth was slashed in the last 3 and 1/2 years.

    Please show me unbiased, factual proof that ANY of these statements are untrue?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Number Of Americans Living In Poverty Hits 52-Year High, 27.4 Percent Of Blacks U

    No doubt the economy has collapsed under obama but one thing to keep in mind, being in poverty in America is middle class in much of Europe. Don't get me wrong, I'm not defending obama I am however defending the quality of life in America that obama is trying desperately to ruin.

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    Re: Number Of Americans Living In Poverty Hits 52-Year High, 27.4 Percent Of Blacks U

    Quote Originally Posted by sawyerloggingon View Post
    No doubt the economy has collapsed under obama but one thing to keep in mind, being in poverty in America is middle class in much of Europe. Don't get me wrong, I'm not defending obama I am however defending the quality of life in America that obama is trying desperately to ruin.

    That ought to really gin up the working class to continue the tax cuts for the wealthy!!! This is going to be such a fun election!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Number Of Americans Living In Poverty Hits 52-Year High, 27.4 Percent Of Blacks U

    Quote Originally Posted by Catawba View Post
    That ought to really gin up the working class to continue the tax cuts for the wealthy!!! This is going to be such a fun election!
    I don't understand. The CBO stated the tax increases will cause recession in early next year. Now Ernst n Young have reported the same. Is it your arguement that the 'working class' WANTS another recession?
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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    Re: Number Of Americans Living In Poverty Hits 52-Year High, 27.4 Percent Of Blacks U

    Quote Originally Posted by Dickieboy View Post
    I don't understand. The CBO stated the tax increases will cause recession in early next year. Now Ernst n Young have reported the same. Is it your arguement that the 'working class' WANTS another recession?

    Link?...............


    All the reports I've read the CBO was talking about ending all the Bush tax cuts, not just those for the wealthy, as the president has proposed"

    "President Obama’s budget allows the Bush tax cuts for the wealthy to expire, and yet the CBO found that short-term growth under that plan would exceed short-term growth under the current scenario.

    The major negative impact on the tax side instead comes from an end to the Bush tax cuts for the middle class and an end to the payroll tax cut extension.

    http://thinkprogress.org/economy/201...onomic-growth/
    Last edited by Catawba; 07-19-12 at 11:52 PM.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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