Posted on 06/11/2016 9:42:26 AM PDT by rktman
What’s the most important economic statistic to gauge a society’s prosperity?
I often use per-capita economic output when comparing nations.
But for ordinary people, what probably matters most is household income. And if you look at the median household income numbers for the United States, Obamanomics is a failure. According to the Census Bureau’s latest numbers, the average family today has less income (after adjusting for inflation) than when Obama took office.
In an amazing feat of chutzpah, however, the President is actually arguing that he’s done a good job with the economy. His main talking point is that the unemployment rate is down to 4.7 percent.
(Excerpt) Read more at cnsnews.com ...
Bush’s fault, of course! /heavy sarcasm
>>I often use per-capita economic output when comparing nations.
When Obama touts his success with the economy, he really means that he has lowered the expectations of the average person far enough that the reduced income isn’t the crisis it should be.
He has a long way to go in his drive to lower our standard of living enough that we can compete on the global labor market with third-world nations, but he has laid the groundwork. We have an entire generation that does not expect to retire, own property, get married for life, have a career, or even raise their own children (the last one is for the males only).
On the other hand, they told the children of my generation that the world would run out of energy by 2000, pollution would make the air and water poison, there would be an ice age, but the good news was that we’d all die in a nuclear fireball long before that happened. Yet, we persevered and kept hoping for a better future.
The Millennials do not have hope. Obama took that from them. Hillary will seal their future. Bernie was their only hope and it was a stupid hope that socialism would create a bright future.
Without Trump (and possibly even with him), America has no future as a free and prosperous nation. It will still be a land mass with people, but no different than any other third-world sh!thole.
That’s a good measure.
Another is the total amount of energy available to the average (technically “mean”) person.
That’s what the whole global warming scam is about: disempowering the regular person so the elites have control.
“income” is the old way of measuring. Now days we need to look at job compensation but also include food stamps, obamacare, and a host of other government payments. The average family is better off today than when Obama took office when you include those things. At least according to Pelosi (I think that’s who said it)
Excellent post
He said it, you don’t think he would lie....???.
on purpose... Do you?.if you do your a racist..
and homophobic,.... you want old ladies to eat dog food and wear army boots...you are probably a gun
owner and beat your wife and kids....most likely
a mentally disturbed vet who kills puppies and bunnies
While I have your attention,would you like to contribute to Hillary’s
Campaign?
We are coming to the end of another government created boom.
I’m sure income is up on average (maybe by 10% in real terms), but housing prices are way up (maybe by 50% in real terms).
People can buy more food and Chinese-made stuff, but my neighbor Bob and his wife Amy have missed out on buying a house this economic cycle.
Government didn’t raise interest rates when housing prices started to rise, so people are now priced out and the boom is turning towards bust.
Until Social Security payments go away, or get cut significantly, I am beating the system.
I waited until my full retirement age of 66 to apply, so I am getting my full payment each month, AND I can keep working full time without that income reducing the SSA payments.
As a result, I am now receiving a total annual amount that, if converted to 1993 dollars, is more than I made in 1993.
In 1983, I had a wife and a child, and now it’s just me, so i am miles ahead.
Also, if I do the same math for my 1977 earnings, I am making more than in 1977. Still miles ahead.
And it’s not stolen money, ‘cause I earned the SSA payments over the years. It’s MY money.
Correction:
Until Social Security payments go away, or get cut significantly, I am beating the system.
I waited until my full retirement age of 66 to apply, so I am getting my full payment each month, AND I can keep working full time without that income reducing the SSA payments.
As a result, I am now receiving a total annual amount that, if converted to 1993 dollars, is more than I made in 1993.
In 1993, I had a wife and a child, and now it’s just me, so i am miles ahead.
Also, if I do the same math for my 1977 earnings, I am making more than in 1977. Still miles ahead.
And it’s not stolen money, ‘cause I earned the SSA payments over the years. It’s MY money.
Mine does. Way less.
The comment I have heard most from liberal pundits is: we created 14,000,000 jobs.
However, there’s this little item: 94,800,000 people are no longer working in America. Hmmmmm ..??
So, that means that the 5% unemployment NUMBER IS A LIE.
Now there's one poll you will never see...
I'm guessing the response would be 80% "yes" among the parasites, and 98% "NO" Among the non-government net taxpaying citizens and families with productive jobs...
Unless you are an ex unionized government employee... Federal State or Local
Lying Hillary will continue spouting the false narrative that Obama spins, knowing the nation is in much worse shape than when this incompetent came into office.
My Husband was laid off in November 2013 in a field that he worked for 20 years. We sold our home in California in July 2014 and moved to Texas.
He has been unable to get a job in his field so he is now working as a merchandiser and now makes $65.00 less an hour than he was in 2013.
We have no insurance and we will not have a penalty because we are now under the poverty line so we get a waiver because we make so little income.
I say FUBO as well.
I really don’t care what you believe. You are wrong on all accounts, so you believe falsity. Sux to be you.
If the shoe fits...
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