Whut chew talkin bout foo? I gots mo free stuff den ah ever done got.
The EXEMPT in Congress are richer.
Much richer.
The EXEMPT are not under the Law,
but exist as predators.
The wealth didn’t vanish, it was stolen.
Mission Accomplished Obama!
In Obumbo’s Communist society, only the state has money.
You must accept the life that Dear Leader chooses for you.
You no longer live in “Land of the Free”.
Like George Soros, I’m having a very good crisis.
It’s hard to maintain wealth when your job gets off-shored to China.
Restore the import tariffs.
Gotta look on the bright side though. The lower income will reduce my Obamacare penalty.
but in an article I read, Obama claimed that more people are working, they have more money in their pocket, the debt has been reduced.
Regular savings, CDs and IRA type accounts are relatively useless, because the interest rates are so low they pay almost nothing.
Several years ago, I dropped several CDs because my money market account was paying more than CD renewal rates. Currently that money market is paying 0.06% per month.
About 20 years ago, I took out an IRA. It had a minimum-rate provision of 4% per annum. I chuckled, because regular rates at the time were in the 8% range. Now, that 4% seems massive.
Somebody needs to post that picture of a satisfied Obama surveying a bombed-out landscape and thinking, “My work here is done.”
Between the wife and I we make about 85,000 a year before taxes....
We have not changed one thing in the last four years concerning buying habits... We picked up no additional debt, haven’t changed our 401 K contributions....basically have not changed anything concerning our day to day living expenses.... Oh’ we both a 2 % raise each of the last three years....
I can tell you without a doubt... We are much tighter financially today than ever before....
Insurance, fuel, food, basic goods have skyrocketed in price... We are feeling the pinch...
And yet over this same period I watched a poor immigrant man and his wife get a rusty pickup, a used lawnmower and a weedeater. They and their toddler kid would go from yard to yard.
He’d do most of the work, she’d do a little and they’d keep track of Junior.
He barely wrote any english but he worked.
Over time he bought a better truck, a good truck, he bought better and faster mowers. Soon he had guys working for him .
There is a moral here, the same as my anscestors taught me, work pays. He improved in the middle of this “bad economy”.
A liberal tide lowers all boats.
Food and gas prices double and triple, hours and wages go.down. What did they think would happen?
DOnt worry, we wont run out of money anytime soon, the Fed is giving Wall St $50-$60 BILLION DOLLARS A MONTH, surely it will “Trickle Down” like they promised./s
remember if we calculated Inflation the way we did in 1980 it is 10%
320 million people
100 million too young or retired and out of the workforce age
and only 97 million TAXPAYERS including spouses.
How do you end up with 6% unemployment??
Driving my ‘95 Camry with 240,000 miles on it, I sure do see a whole bunch of new cars and trucks all around. Thinking part of this low level of net worth has to do with consumer debt. Some poverty is self-inflicted.
I find it hard to believe that people in the 95% percentile are down. If you had $1.6 million in assets in 2007, you should have much more today. Values of every financial asset class have soared, you can’t help making profits.
I am in this group myself. Thanks to my 50% savings rate and the Bernanke’s flying stock market, I have nearly doubled since 2007. I know the stock values are illusory and can’t last, but it’s been a nice run.
> this has been my experience under Obama’s reign of terror. I had quite a bit socked away up but Obama’s piss poor economic policies, runaway inflation that ran the price of everything way up, and increased taxation / regulatory fees sucker punched my savings to death. Just about all of my white friends have Jarretized as well...