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While most of America remained focused on the Obama administration’s machinations regarding Syria, another set of underwhelming economic statistics were released Friday. Those stats reinforced the ongoing reality that America remains mired in the worst recovery since the Great Depression
The worst POTUS is overseeing the worst recovery. Barry is certainly loving the distractions generated by the beating of the drums of war....
Many of us seen this coming for 5 years. Thats what happens when you create policies which limit growth and then take money out of the economy, pretending that pumping the same money back, somehow stimulates..
Many of us seen this coming for 5 years. Thats what happens when you create policies which limit growth and then take money out of the economy, pretending that pumping the same money back, somehow stimulates..
Its what happens when the middle class loses trillions of dollars of wealth in a real estate bust. I'm surprised the United States is doing as well as it is; 5 years ago I worried that the loss of wealth would cause a total collapse.
The recent recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with *middle-class families bearing the brunt of the decline.
...
The data represent one of the most detailed looks at how the economic downturn altered the landscape of family finance. Over a span of three years, Americans watched progress that took almost a generation to accumulate evaporate. The promise of retirement built on the inevitable rise of the stock market proved illusory for most. Homeownership, once heralded as a pathway to wealth, became an albatross.
...
But it was the implosion of the housing market that inflicted much of the pain. The median value of Americans’ stake in their homes fell by 42 percent between 2007 and 2010, to $55,000, according to the Fed.
The poorest families suffered the biggest loss of wealth from the drop in real estate prices. But middle-class Americans rely on housing for a larger part of their net worth. For some, it accounts for just more than half of their assets. That means every step downward is felt more acutely.
pretty much... they don't want good news. They want failure.
We had the worst collapse in history and these fools are giggling over a slow recovery.
Can you even comprehend an argument before you make a stupid statement such as "they (whoever that is) want failure?"
The poster was making an argument by presenting predictions against factual statistics.
If that is how one believes they can win a debate then obviously they are the one with cognitive dissonance.
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