So things are getting better, aye?

[DPI]

According to the current administration, things are just peachy. And there are people who actually want four more years of this.

Median Income Worse Now Than It Was During Great Recession

http://washington.cbslocal.com/2012...worse-now-than-it-was-during-great-recession/

WASHINGTON (CBSDC) — A new report put out by the Pew Research Center finds that the median income is worse now than it was during the Great Recession.

According to Pew, the Census Bureau showed that the median income for American households in 2009 – the official end of the Great Recession – was $52,195 (in 2011 dollars), while the median income dipped to $50,054 last year, falling 4.1 percent over two years.

“The decrease in household income from 2009 to 2011 almost exactly equaled the decrease in income in the two years of the recession,” the Pew report stated. “During the Great Recession, the median U.S. household income (in 2011 dollars) dropped from $54,489 in 2007 to $52,195 in 2009, a loss of 4.2 percent. By this yardstick, the recovery from the Great Recession is bypassing the nation’s households.”

The Pew report added that the recovery is the “most negative for household income during any post-recession period in the past four decades,” which means that the median household income has not risen above a previous peak over the past 12 years.

The poverty rate rose from 12.5 percent in 2007 to 15 percent last year as the median household wealth fell by 39 percent over a three-year span, from $131,016 in 2007 to $79,431 in 2010.

“[T]he economic health of American families deteriorated further in the first two years of the recovery from the Great Recession,” the Pew report explains. “Much like an unwelcome dinner guest who does not know when it is time to leave, the Great Recession seems blissfully unaware that it was declared over in June 2009.”

In an effort to stimulate the economy. Federal Reserve Chairman Ben Bernanke outlined plans last week to spend $40 billion a month to buy mortgage bonds and keep short-term interest rates at record lows through mid-2015.

 

[MDT]

Careful D.....the usual Obama apologists will be along any minute now to lambast you and tell you how misguided you are.

 

[Wheel Gun]

Pssst. People that vote Democrat don't care.

 

[dennishoddy]

This is what you see from your friends when you tell them your voting for obama

 

[DPI]

There use to be a sign on the Turner Turnpike that read in big bold letters "I vote DEMOCRAT". And just bellow it in small red letters it said "My IQ is 12".

 

[Lurker66]

I agree, its bad and might get worse, Obama sucks as bad as Romney.

Is that a fair opinion?

 

[MDT]

It's your opinion and you judge it to be fair. Personally I disagree.

 

[Hobbes]

According to the current administration, things are just peachy. And there are people who actually want four more years of this.

Median Income Worse Now Than It Was During Great Recession

http://washington.cbslocal.com/2012...worse-now-than-it-was-during-great-recession/

WASHINGTON (CBSDC) - A new report put out by the Pew Research Center finds that the median income is worse now than it was during the Great Recession.

According to Pew, the Census Bureau showed that the median income for American households in 2009 – the official end of the Great Recession – was $52,195 (in 2011 dollars), while the median income dipped to $50,054 last year, falling 4.1 percent over two years.

“The decrease in household income from 2009 to 2011 almost exactly equaled the decrease in income in the two years of the recession,” the Pew report stated. “During the Great Recession, the median U.S. household income (in 2011 dollars) dropped from $54,489 in 2007 to $52,195 in 2009, a loss of 4.2 percent. By this yardstick, the recovery from the Great Recession is bypassing the nation’s households.”

The Pew report added that the recovery is the “most negative for household income during any post-recession period in the past four decades,” which means that the median household income has not risen above a previous peak over the past 12 years.

The poverty rate rose from 12.5 percent in 2007 to 15 percent last year as the median household wealth fell by 39 percent over a three-year span, from $131,016 in 2007 to $79,431 in 2010.

“[T]he economic health of American families deteriorated further in the first two years of the recovery from the Great Recession,” the Pew report explains. “Much like an unwelcome dinner guest who does not know when it is time to leave, the Great Recession seems blissfully unaware that it was declared over in June 2009.”

In an effort to stimulate the economy. Federal Reserve Chairman Ben Bernanke outlined plans last week to spend $40 billion a month to buy mortgage bonds and keep short-term interest rates at record lows through mid-2015.

Half the threads on this forum espouse the view that the economy sucks so bad that working people have no chance to improve their station in life.
The other half of the threads hold that 47% of Americans are moochers "dependent on the government".

You guys need to figure out which one it is and send the results to Mittworth straight away so he will know what to say.

 

[Hobbes]

Half the threads on this forum espouse the view that the economy sucks so bad that working people have no chance to improve their station in life.
The other half of the threads hold that 47% of Americans are moochers "dependent on the government".

You guys need to figure out which one it is and send the results to Mittworth straight away so he will know what to say.

We even have a few members on here that have expressed the opinion that jobs are migrating from America to other countries because Americans are overpaid.

Minimum wage guidelines should be abolished and all that.

 

[RickN]

All the dipwads in DC do need to learn not to raise the minimum wage when the economy sucks. Many economist warned them about this last time but they did not listen and unemployment jumped.