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In the last 3 years the gas tax has not gone up nor has the tax on earned interest...capital gains. What has government done in the last 3 years that has made your life worse.
For one, printing money. Devaluing the dollar and now it will show up though inflation which is here. Keeping the interest rates low and this keeps the banks from giving any interest.
Correct, but it had nothing to do with the President nor did it happen within the last three years.
It has a lot to do with the government. Fannie and freddie mac lent to anyone who signed a dotted line.. Barney Frank ignored legislation that President Bush wanted to put through to keep it at bay.. it was vetoed. The dems allowed it to keep going all the while Greenspan talked about how big the housing bubble was and it would cause problems when it burst. Greenspan never realized just how many bad loans were written.
It has a lot to do with the government. Fannie and freddie mac lent to anyone who signed a dotted line.. Barney Frank ignored legislation that President Bush wanted to put through to keep it at bay.. it was vetoed. The dems allowed it to keep going all the while Greenspan talked about how big the housing bubble was and it would cause problems when it burst. Greenspan never realized just how many bad loans were written.
Bad loans were made largely because special privileges were afforded to five top financial institutions in the country (and the world), in 2004. It literally kick-started a 1.5-2 year boom. None of those five institutions survived, but caused a great deal of pain. And you whine and cry about Barney Franks? About FM/FM? Why the heck, then, were similar housing disaster seen across the globe? Ireland? Spain?
For one, printing money. Devaluing the dollar and now it will show up though inflation which is here. Keeping the interest rates low and this keeps the banks from giving any interest.
Actually, that is incorrect. The inflation rate is lower now than it was when Obama took office, but this is a product of the fed and really has nothing to do with the President. The person in charge of the fed was appointed by Bush.
If you believe the Romney hype, we are all worse off than before. Of course, Romney seems to be doing well financially. Did not seem to hurt him much.
I myself am doing better financially. SO who is doing worse, and if so how is that Obama's fault?
Good for you; a small portion of people do well no matter how bad the overall economy gets (but naturally you WILL be expected to hand over any additional earnings in taxes to pay for everyone who isn't doing as well, per Democrat ideals).
Far too large a portion of the population is doing worse or continuing to tread water, and it is Obama's fault because he promised to IMPROVE THE ECONOMY if we would only take a chance on him (despite his total inexperience and lack of concrete ideas). He himself stated that if hadn't improved things in 3 years, he'd be a one-term President. I haven't see any economic improvement, nor any hope for improvement any time soon. And though Romney is a sick joke and a pathetic "hold your nose" candidate, anything is better than Obama. They could unfortunately put up Mickey Mouse and he'd win--but I'm voting for Ron Paul if I have to write him in.
Maybe we should look at published statistics instead of personal anecdotes for how the economy is doing: "The net worth of U.S. families plummeted by nearly 40% according to a study released today by the Federal Reserve. The Washington Post indicates that this is the lowest level in 20 years. Median family income also dropped almost 8% over the same time period." Family Net Worth Nose-Dives By Almost 40%: Govt. Study
Or this: "...the net worth of the middle fifth of American households has plunged by 26% in the last two years...the income of the median American family, adjusted for inflation, is lower now than in 1998... this week the US Census Bureau has released a survey showing that one in six Americans now live in poverty: the highest number ever reported by the organisation." The decline and fall of the American middle class | Paul Harris | Comment is free | guardian.co.uk
And here: "household income declined more in the two years after the recession ended than it did during the recession itself, new research has found....The full 9.8 percent drop in income from the start of the recession to this June — the most recent month in the study — appears to be the largest in several decades." http://www.nytimes.com/2011/10/10/us...t-falling.html
Good for you; a small portion of people do well no matter how bad the overall economy gets (but naturally you WILL be expected to hand over any additional earnings in taxes to pay for everyone who isn't doing as well, per Democrat ideals).
Far too large a portion of the population is doing worse or continuing to tread water, and it is Obama's fault because he promised to IMPROVE THE ECONOMY if we would only take a chance on him (despite his total inexperience and lack of concrete ideas). He himself stated that if hadn't improved things in 3 years, he'd be a one-term President. I haven't see any economic improvement, nor any hope for improvement any time soon. And though Romney is a sick joke and a pathetic "hold your nose" candidate, anything is better than Obama. They could unfortunately put up Mickey Mouse and he'd win--but I'm voting for Ron Paul if I have to write him in.
Maybe we should look at published statistics instead of personal anecdotes for how the economy is doing: "The net worth of U.S. families plummeted by nearly 40% according to a study released today by the Federal Reserve. The Washington Post indicates that this is the lowest level in 20 years. Median family income also dropped almost 8% over the same time period." Family Net Worth Nose-Dives By Almost 40%: Govt. Study
Or this: "...the net worth of the middle fifth of American households has plunged by 26% in the last two years...the income of the median American family, adjusted for inflation, is lower now than in 1998... this week the US Census Bureau has released a survey showing that one in six Americans now live in poverty: the highest number ever reported by the organisation." The decline and fall of the American middle class | Paul Harris | Comment is free | guardian.co.uk
And here: "household income declined more in the two years after the recession ended than it did during the recession itself, new research has found....The full 9.8 percent drop in income from the start of the recession to this June — the most recent month in the study — appears to be the largest in several decades." http://www.nytimes.com/2011/10/10/us...t-falling.html
With someone so much into household income, how does the argument hold when we considering incomes since the 1980s?
Good for you; a small portion of people do well no matter how bad the overall economy gets (but naturally you WILL be expected to hand over any additional earnings in taxes to pay for everyone who isn't doing as well, per Democrat ideals).
Far too large a portion of the population is doing worse or continuing to tread water, and it is Obama's fault because he promised to IMPROVE THE ECONOMY if we would only take a chance on him (despite his total inexperience and lack of concrete ideas). He himself stated that if hadn't improved things in 3 years, he'd be a one-term President. I haven't see any economic improvement, nor any hope for improvement any time soon. And though Romney is a sick joke and a pathetic "hold your nose" candidate, anything is better than Obama. They could unfortunately put up Mickey Mouse and he'd win--but I'm voting for Ron Paul if I have to write him in.
Maybe we should look at published statistics instead of personal anecdotes for how the economy is doing: "The net worth of U.S. families plummeted by nearly 40% according to a study released today by the Federal Reserve. The Washington Post indicates that this is the lowest level in 20 years. Median family income also dropped almost 8% over the same time period." Family Net Worth Nose-Dives By Almost 40%: Govt. Study
Or this: "...the net worth of the middle fifth of American households has plunged by 26% in the last two years...the income of the median American family, adjusted for inflation, is lower now than in 1998... this week the US Census Bureau has released a survey showing that one in six Americans now live in poverty: the highest number ever reported by the organisation." The decline and fall of the American middle class | Paul Harris | Comment is free | guardian.co.uk
And here: "household income declined more in the two years after the recession ended than it did during the recession itself, new research has found....The full 9.8 percent drop in income from the start of the recession to this June — the most recent month in the study — appears to be the largest in several decades." http://www.nytimes.com/2011/10/10/us...t-falling.html
I am doing my own less than scientific poll. By in large, most on city data are doing quite well. The ones that are not can't connect there personal financial problems to the President, and of course, predictably, they all seem to be Republicans. So how are you doing in comparison to 3 years ago.
Some salaries are UP, Some Corporate profits are UP, Some Corporate cash reserves are UP.
Many more are down.
Why do you hate corporations?
So are you better or worse off than you were three years ago?
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