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Obama has let Bernanke cut your pay. You didn't know that?
Yes, the Federal Government has cut your pay and most don't even realize it.
Sure the cost of everything goes up and they play it off every time as supply and demand. But when every single thing is increasing in price, especially commodities, the printing press is on and going full speed, printing dollar bills, to pay our bills that we cannot pay. We get to print.. to counterfeit.
What this does in the world and right here in the USA is, it make each dollar we have not buy as much as it once did.
You're not getting a pay raise, are you? Most are working for less in this down turn.
This robs the middle class and makes the poor struggle even more, causing the government to hand out even more....
Not the small business capitalist, but the rich corporations, that fund the pockets of the corrupt federal government get richer and richer. They gain all the wealth of the middle class and cause more hardship on the impoverished.
Just because Obama refuses to reduce the spending, the printing press pays for.
Most of us have been working for less while prices have been increasing for many, many years now. Since the early 2000's net worth has actually DECREASED.
So forget trying to blame it on President Obama, it's been happening since Georgie Boy was in office.
Percent change at seasonally adjusted annual rates M1---M2 ----------------------------------------------------------------------------------------------------------------------------------------------------
3 Months from May 2011 TO Aug. 2011 36.8---23.3
6 Months from Feb. 2011 TO Aug. 2011 25.3---14.5
12 Months from Aug. 2010 TO Aug. 2011 20.7---10.3
1. M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) traveler's checks of nonbank issuers; (3) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts, and demand deposits at thrift institutions. Seasonally adjusted M1 is constructed by summing currency, traveler's checks, demand deposits, and OCDs, each seasonally adjusted separately.
2. M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in amounts of less than $100,000), less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in retail money market mutual funds, less IRA and Keogh balances at money market mutual funds. Seasonally adjusted M2 is constructed by summing savings deposits, small-denomination time deposits, and retail money funds, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.
Wages have stagnated over the last 10+ years, so this is not one you can pin on obama.
Not all of this country's and world's issues are his fault. This thread is a prime example of what is wrong in this country, we no longer operate on fact but rather opinions.
Most of us have been working for less while prices have been increasing for many, many years now. Since the early 2000's net worth has actually DECREASED.
So forget trying to blame it on President Obama, it's been happening since Georgie Boy was in office.
And we can thank you for clearly "blaming Bush".
Since the 1900's prices have been increasing from inflating the printed dollar bill. It has just accelerated in the last decades, since Nixon.
Wages have stagnated over the last 10+ years, so this is not one you can pin on obama.
Not all of this country's and world's issues are his fault. This thread is a prime example of what is wrong in this country, we no longer operate on fact but rather opinions.
I blame Obama for not grabbing Bernanke by the throat.
More bills have been printed in the last 2 years, than all that was printed for 50 years prior to that.
The Fed also prints the Euro.
That sucks the middle class wealth of the USA, (nobody else) right out of their hands, to pay back a debt the middle class didn't create.
I blame Obama for not grabbing Bernanke by the throat.
More bills have been printed in the last 2 years, than all that was printed for 50 years prior to that.
The Fed also prints the Euro.
That sucks the middle class wealth of the USA, (nobody else) right out of their hands, to pay back a debt the middle class didn't create.
I don't know of a soul that cares for the bernanke for several reasons but the fact is, even with the dumb things obama has done he did not create ALL of the problem we are in today. A lot of this debt problem is inherited. There are many to blame and we the American people are struggling because of it.
There is a saying...."every choice you make will effect others" and that is so very true in every aspect of life. The politicians on both sides of the aisle have made decisions that are killing this country, and it is to the point there is not a dang thing they can do about it.
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