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I don't CARE what you call it - "trickle down" or whatever. The fact remains that MILLIONS of Americans have benefitted from the stock market rise - MILLIONS.
And NO they are NOT "just on paper". MILLIONS of Americans retire every year and begin to pull upon those boosted 401ks (myself included in that group).
Ken
You don't understand the stock market if you think that all 401K gains are realized gains.
Yes, you are saying it, althought you clearly do not see it yourself. Even now you cry about the 1% as if they are the only ones benefitting, while everyone else suffers. You are the lefty here, not me. You are basically complaining Obama's policies are not left enough for you.
Of course the rich make more money. I already told you 5% gain from 1 million is more than 5% from 1 thousand. Why that makes you envy the rich is your problem, not mine. I do not care how much more someone else is making. I'll take my 5% from whatever amount I have in the game. I take care of myself, while you clearly expect politicians to deliver something for you.
Quote:
Originally Posted by Finn_Jarber
The term is misleading, because no one expects everyone to make the same amount of money.
The problem is in the slow rate of economic increase/improvement in middle and low classes. The figure below illustrates the economic (wealth) growth in different classes of people since 1979. The problem is not the fact that rich are getting richer, but the fact that the poor and middle classes are not improving fast enough.
If you were smart (ha!), you would realize that you can't attack the Huffington Post in this situation, or the other news cites, but instead the UC Berkley study that they directly linked to and the economists Saez and Picketty themselves if you disagree with the claim that the 99% has lost income during the recovery.
You are also still not brave enough to address these points on the stock market gains:
1) These gains are Paper gains, not realized gains.
You are the one pushing his agenda. How many posts are you going to make to cry about other people making more money that you? My position has not changed, since I have said the problem IS NOT rich people making more money than the poor.
This is EXACTLY what I have been saying all along: no one expects everyone to make the same amount of money.
Thank you for quoting it from a post I made in January.
You speak like a hardcore liberal which you clearly are in your heart, although you are too confused to see it.
If they were celebrating such ridiculous statistics they would be a hardcore liberal, but I didnt read it that way.. Maybe you think its a good thing poverty is skyrocketing in america, michiganmoon doesnt seem to follow that same thought process..
They may take a few months off. But they'll be back at it in no time.
I'm not too sure about that.. If they stop propping up the stock market, then people will have to go chase profits elsewhere in the economy which will improve the economy.
The problem is their current policies are hindering growth not helping, so when they stop, growth in the economy can begin.
I'm not too sure about that.. If they stop propping up the stock market, then people will have to go chase profits elsewhere in the economy which will improve the economy.
The problem is their current policies are hindering growth not helping, so when they stop, growth in the economy can begin.
All the printed money has poured into the banks and the government. The banks were used as the conduit to prop up the market.
You're right that the market will fall, but there won't be any sudden investments being made in the economy. Everyone will be hoarding cash and fleeing into treasuries.
The economy will fall off a cliff, just as it did in 2009. They're prepping for it by getting the Saudis to flood the world with oil, but the lower prices won't help and it won't last.
European banks will teeter, as they've been recipients of printed money too. It's the leverage O has over them to implement policies against their own self-interest like Russian sanctions.
That's why they'll print after a few months.
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