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Old 03-16-2011, 08:16 PM
 
Location: North Carolina
572 posts, read 1,361,623 times
Reputation: 489

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Quote:
Originally Posted by JazzyTallGuy View Post
Ironic, Obama gets blamed for every damn thing from $4.00 a gallon gas to not getting the United States deeper involved in Libya yet you will hear little if any praise for this.

The fact of the matter is that the Dow Jones Industrial Average has increased over 50% since Obama took office.
Ironic that the American left is constantly complaining about the "evil rich" yet Obama is supposedly now responsible for making more millionaires.

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Old 03-16-2011, 08:23 PM
 
Location: Chicagoland
41,314 posts, read 38,484,167 times
Reputation: 7106
Quote:
Millionaires on the rebound - US Adds 600 000 new millioners
That's a good thing, right?

I mean, we want to to succeed and thrive at business and life in general, right?

We want those who have worked hard all their lives to achieve their goals and aspirations....right.....right?

Or...could it be the Left is so immersed in their class warfare narrative and tactics, they really can't believe it is best to have more people dependent on the government and others....can they?
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Old 03-16-2011, 08:39 PM
 
48,519 posts, read 81,048,183 times
Reputation: 17978
Quote:
Originally Posted by desertdetroiter View Post
Wow. How did that happen under a Marxist/Communist/Socialist President?
The elite are always the elite and adjust to nay circumstnces. Its the middle class who i the end lack the welth to take wealth sharing as always. Two clssses the elite and lower workers is the socialist way. The loafer and the work are the same lower class.Thta is ebcause the governamnt becomes more depenent on the welathy that create the product and the revenues more than ever. They become part of the elite .
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Old 03-16-2011, 09:13 PM
 
10,963 posts, read 7,758,745 times
Reputation: 3113
Quote:
Originally Posted by Time2Travel View Post
Ironic that the American left is constantly complaining about the "evil rich" yet Obama is supposedly now responsible for making more millionaires.

Ironic that you will NEVER hear me complain about the financial success of other people and I damn sure don't want them complaining about mine.

What I will complain about it how working people are being treated unfairly whiie corproate executives stuff their pockets with tax breaks and by sending jobs overseas to fatten the bottom line and their own profits.
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Old 03-16-2011, 09:20 PM
 
10,963 posts, read 7,758,745 times
Reputation: 3113
Quote:
Originally Posted by texdav View Post
The elite are always the elite and adjust to nay circumstnces. Its the middle class who i the end lack the welth to take wealth sharing as always. Two clssses the elite and lower workers is the socialist way. The loafer and the work are the same lower class.Thta is ebcause the governamnt becomes more depenent on the welathy that create the product and the revenues more than ever. They become part of the elite .
The biggest difference between affluent people in this country and the average middle class person is that middle class people are first and foremost WAGE EARNERS.

Affluent people do one of two things; one, they have the ability to sell their talents and services in open markets that allow them to negotiate payment for their services. Two, they are much more likely to invest in financial markets and derive a significant portion of their income from the financial markets.

The economic reality that has been rather obvious for at least a decade is that the American economy does NOT favor wage earners.
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Old 03-16-2011, 09:22 PM
 
Location: Imaginary Figment
11,457 posts, read 12,353,609 times
Reputation: 4758
Quote:
Originally Posted by Finn_Jarber View Post
NEW YORK (CNNMoney) -- What recession? The millionaire population jumped in the U.S. by 8% last year, fueled by the stock market recovery, according to an industry report on Wednesday.

The number of U.S. households worth at least $1 million rose to 8.4 million in 2010, compared to 7.8 million the prior year, according to a report by Spectrem Group.

Last year marked the second consecutive year of increases, the group said, following a 16% surge in the millionaire population in 2009

U.S. millionaires population expanded by 8% in 2010 - Mar. 16, 2011

In the prior year of 2008, the millionaire population plunged 27%.

The group said the number of "ultra high net worth" households, with a net worth of at least $5 million, jumped 8% in 2010 to 1.06 million, compared to 980,000 the prior year.

The broader affluent population, meaning households with a net worth of $500,000 or more, also grew in 2010. This population rose by 6% to 13.5 million in 2010, compared to 12.7 million the year before.

Households worth at least $100,000 also grew last year, to 36.2 million from 34.6 million.
How could this possibly be happening? I thought Obama was "destroying" capitalism?
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Old 03-16-2011, 09:23 PM
 
2,919 posts, read 5,118,378 times
Reputation: 1478
The article is misleading if it's trying to imply upward mobility. how many of these "new millionaires" were really actually upwardly mobile? How many came from middle class familes vs how many came from already wealthy family that handled off wealth to them?
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Old 03-16-2011, 09:24 PM
 
Location: Imaginary Figment
11,457 posts, read 12,353,609 times
Reputation: 4758
Quote:
Originally Posted by sanrene View Post
That's a good thing, right?

I mean, we want to to succeed and thrive at business and life in general, right?

We want those who have worked hard all their lives to achieve their goals and aspirations....right.....right?

Or...could it be the Left is so immersed in their class warfare narrative and tactics, they really can't believe it is best to have more people dependent on the government and others....can they?
How could we have 600k new members to this club assuming everything you said for the last 2 years was correct about Obama and his plan to destroy America? Hmmm.....
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Old 03-16-2011, 09:33 PM
 
69,372 posts, read 53,615,406 times
Reputation: 9357
Quote:
Originally Posted by Majin View Post
The article is misleading if it's trying to imply upward mobility. how many of these "new millionaires" were really actually upwardly mobile? How many came from middle class familes vs how many came from already wealthy family that handled off wealth to them?
I also want to know how much of this "wealth" was tied up in homes that devalued to ridiculously low values and then rebounded to something a little more nomral.
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Old 03-16-2011, 09:35 PM
 
69,372 posts, read 53,615,406 times
Reputation: 9357
Quote:
Originally Posted by SLCPUNK View Post
How could we have 600k new members to this club assuming everything you said for the last 2 years was correct about Obama and his plan to destroy America? Hmmm.....
How does anything Sanrene say get disputed by your claims that others say Obama is planning to destroy america? This country is becoming a nation of rich and poor.. Obama himself increased foodstamps by the hundreds of billions thereby making the poor more dependant upon government. This doesnt mean that some didnt move up, and some down.. Numbers of millionaires increasing and massive new numbers of those on welfare.. Some might say that is destroying america by destroying the middle class..
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