This is not a failure for Obama..this is a success! More poor people equals more power for the Democrat party, whose ultimate goal of of a Soviet style police state is becoming within thier grasp before our very eyes.
Try 2/3 less here. I can’t count the number of small business owners that have lost their companies while trying to survive under his poor economic policies.
I can't imagine what it would take to turn the situation around. Certainly, hordes swarming our southern border aren't going to help stabilizing and improving the economy for US citizens.
although, I’d be willing to bet the farm that the elites from both parties have seen an increase in their net worth WHILE HOLDING PUBLIC SERVICE JOBS. I never thought I’d say this, but if other countries are stating to look like better places to live.
Labor force participation, or rather the lack thereof has to be a major driving factor. Lack of a high wage job leaves little or no cushion to build savings and wealth. High wage jobs are getting harder to come by, especially for those who are low or semi skilled in construction and manufacturing. Those sectors collapsed or are collapsing under Obama and wages are further being depressed by illegal immigration. Another sector in trouble is leisure and travel since there is less and less disposable income. Look at the crisis in Atlantic City or in the golf industry.
Increased reliance on gubmint programs destroys and depresses wealth. You can’t have wealth and receive a lot of gubmint benefits. To begin to accumulate wealth you have to make the leap back into the job market and give up the bennies. There is a reason why gubmint was called the opiate of the masses. Once you start it is hell to give it up.
I note that the article is careful to start their timeline 10 years ago, glossing over the fact that the trend has persisted and accelerated under the Obama regime.
Oh, and add to that the stagnation of wages combined with Bernanke’s and Yellen’s non-existent inflation that has eaten a hole in the bottom of the middle class lunch bucket.
Once the middle class is destroyed, and make no mistake the government is engineering this, the country will devolve back to a feudal system. There will be the ruling elites who hold all power and wealth, and the serfs who scratch out a meager living. Those who crave power not only must have power and wealth, their real satisfaction comes from seeing others live in misery. That is real power.
And Donahue and his Chamber of Amnesty want to further crush America’s working families by opening the borders for more cheap labor. Any candidate supported by this un-American group should be defeated in November.
The next time Obama leaves the country he should be refused re-entry.
Yep, my taxes have gone up as a result of capping or eliminating certain “breaks” I used to get.
Healthcare up 67% due to increases in deductible, co-pay, and premiums.
Food and Energy are higher than ever.
And why aren’t the cowering, limp-wristed, gutless POS Repukelicans shouting this fact to everyone? Because they’re cowering, limp-wristed, gutless POS Repukelicans. Absolutely pathetic. This fact only reinforces what everyone with a brain already knows, and they’re still too gutless to state it.
This is why I have nothing but contempt for everyone that works in Residential Real Estate. Absolutely nothing in that twisted/controlled industry has changed since before 2007.
I’ve known about the ‘real’ home values for years, but anyone with a dog in the fight always plays it up, talking ‘home prices rising’ (translated: “Return of the bubble”) and ‘home sales up’ (translated: “Foreign buyers of foreclosed properties boosting our commissions”) and parroting government statistical hyperbole to make their point.
My house is in a newer neighborhood, is >17-30% down since 2008, and the level of Rentals & cohabitation has exploded in the area.
Things must be looking up. /s
The Obamaeconomy again. When will this inept leader get the blame he deserves?