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Thats about 50% of those working, and the median amount is not that large. The majority of Americans are not worried about it.
It is not the majority of Americans you have to worry about, it is the majority of voters. Seeing as the voting public leans older than average and the largest portion of an individual's wealth besides a home resides in retirement, I think you are wrong.
It is not the majority of Americans you have to worry about, it is the majority of voters. Seeing as the voting public leans older than average and the largest portion of an individual's wealth besides a home resides in retirement, I think you are wrong.
Ahhh moving the goal posts from "the majority of americans" to "majority of voters" Got it.
That being said, you do have a valid point. who will voters blame? The....republican led congress.....or the president that has little effect on the economy?
Or.....will they view the rich who have profited immensely from this, and are richer then any time in our history. This could be the best news ever for a candidate like Bernie sanders....especially if he faced someone like Trump.
You obviously don't know much about the stock market.
Corrections are healthy and normal. This is barely a correction, we could still see another 5% decline and it would be fine, nothing close to a meltdown. However, if the markets drop 50% then yes it could hurt Democrats and would be considered a meltdown, but 5-10% from all time highs is nothing, it just shows you don't know anything about the stock market.
With the stock market you never quite know, but the reports I have watched see this as an overdue correction.
Ahhh moving the goal posts from "the majority of americans" to "majority of voters" Got it.
That being said, you do have a valid point. who will voters blame? The....republican led congress.....or the president that has little effect on the economy?
Or.....will they view the rich who have profited immensely from this, and are richer then any time in our history. This could be the best news ever for a candidate like Bernie sanders....especially if he faced someone like Trump.
The rich will not be profiting if the market crashes.
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Quote:
Originally Posted by stburr91
The Democrats seem to be the only ones that pretended to believe that the economy had recovered in an effort to prop up a President that became a lame duck just a few months into this second term. So yes, I'd say this hurts their chances.
1. A Recovery has a set definition, whether you believe it was strong or not is irrelevant to the fact that we were in one.
2. A President is by definition a "Lame duck" once he can not run for re election again.
The rich will not be profiting if the market crashes.
OK lets discuss this, because in a way you are both right and wrong.
Their % of the total wealth in the country goes up. Their total wealth might drop-but thats because it was fictional in many ways. They lose 20% of their net gains in the last year. but everyone else has either stayed the same, or lost.
Theirs a reason that the top .1% has seen their % of wealth go up. They have the capital to profit when the crash recovers, whereas those without sufficient capital recover slower.
A good comparison here is the guy making a upper middle class income in 2009, loses his job, and then loses his house. In order to survive he loses half of his 401K that already lost half its value in the crash. IE his loses are the house, the major source of income, and 75% of his investments.
The guy at the top loses 1/2 his stocks.
The recovery hits. Who is doing better? Who buys the guys house he lost? And resells it at a profit. Housing ownership is lower then normal right now...and rents are higher....
Crashes and recoveries are great for those at the top to gain control of a greater % of the wealth. Not so great for everyone else. That make sense?
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