Biggest drop in income since 1959- Thanks Obama! (Congress, Kennedy, brainwash)
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3. adds an additional multi-trillion dollar entitlement like Obamacare
4. fails to develop energy resources on federal land
5. increases EPA regulations
..................... one can expect declines in personal income and wealth. It would be like watering plants with "clorox" and expecting them to grow!
The Obama apologists will NEVER blame Obama for anything. How was Reagan able to DRAMATICALLY turn the economy around in 3-4 years, while Obama has failed? The Obama cultists just cannot face the facts.
Wake up! The economy will remain terrible and wages will continue to erode under Obama, as his policies create an environment which is hostile to business and personal prosperity. This is what 'fundamentally changing" America means- more poverty and more economic misery.
You voted for it- you own it.
Did you even read the article that you linked in the OP?
Disposable income, or the money left over after taxes, dropped 4 percent after adjusting for inflation, the biggest plunge since monthly records began in 1959. The drop also reflected the lapse of the payroll tax holiday. Excluding the effect of the tax and other special factors such as the timing of bonuses and dividends, disposable personal income would have increased 0.3 percent in January, the same as in December, the report said.
The economy Reagan inherited was in much better shape than the economy Obama inherited, any comparisons between the recoveries are therefore problematic.
So if you don't like the narrower measure of employment, why not look at a wider measure which just like the narrower measure shows an improving employment situation.
American wages, ajusted for inflation, have not risen appreciably (if at all) over the past 30 years.
We have had our employee benefits become more common, these have been given to employees in lieu of wage increases. Thirty years ago people were not getting the level of benefits thru health care insurance, dental insurance, retirement pensions, and 401K contributions. That money going to your 401K does not count as a wage, neither does the potion of insurance and pension plans donated by your employer.
Quote:
Originally Posted by TriMT7
However, the management class continues to see exponential gains in income.
Welcome to the new era of world economics. We no longer have small corporations which only operate in a single county or state, they are global now, which means the people at the top get paid higher wages.
We now have global competition, something that was on a much smaller scale thirty years ago. The best and brightest managers and executives no longer have to settle for what a small one state corporation can pay him, he can go to a rich country like China and get real money. If US corporations will only pay $1 million annual salary, then the best and brightest will go elsewhere.
The Obama administration continues to deliver............................economic misery to the US. The policies of high taxes, increased regulations, no use of federal lands for energy exploration, and the burden of Obamacare continues to erode the standard of living and wages in America. Dems and the libs OWN this economy, as thier policies have done nothing but perpetuate poor economic activity.
I suspect you don't live in the USA, nor that your language at birth was English. I say that because there's no other reason I can think of for your lack of comprehension of the economy of the nation, our political system or form of government. I'm tempted to break-out a new supply of 'tin foil' hats and pass one along to you.
So it must also be Obama's fault so many corporations have had record profits and been sitting on record amounts of ca$h too, eh? What are you whining about? You righties worship corporations while looking down on the average working guy.
Get over it. Corporations are allowed to make profits. This is the American way - it you don't like it why don't you move to a place where the Government will take care of you for the rest of your life. It is not in the USA.
Not a doubt in my mind that this President will go down in history as one of America's worst. With every new economic indicator....with every class warfare pitch.....with every new regulation.....with every increase in gas prices....with every tick upward of the unemployment rate....with every "you didn't build that" attitude he displays.......with every penny of debt that he adds........with every entrenched ideological position he takes.....with every refusal to compromise position he assumes........ this President slowly but surely digs a hole far deeper than his legacy could ever climb out of. Indeed, Obamacare will not be the savior of this President. That's too bad, because it's clear that he thought it would.
The totality of circumstances will doom this President.
I suspect you don't live in the USA, nor that your language at birth was English. I say that because there's no other reason I can think of for your lack of comprehension of the economy of the nation, our political system or form of government. I'm tempted to break-out a new supply of 'tin foil' hats and pass one along to you.
Isn't that the truth. The morons on this site who think that Corporations should not be allowed to make a profit should go to a country where the Government will take care of them forever and ever - they don't deserve to live here in the USA. They are certainly not very smart.
For 8 long years Democrats told us George W. Bush was the dumbest guy ever to be President. That he was ineffective and a baffoon. His IQ was the level of a 1st grader.
Now that he isn't in office and he lives in Midland, Texas with other retarded right-wingers he has complete control over the entire world economy. lols.
So is he stoopid or is really a genius.
Liberals want it both ways.
"It's Bush's fault and you're a racist" That's what MSNBC tells liberals to think so that is what they believe.
Democratic Logic, what Logic, who knew! doesn't their logic make you just roll over and laugh your head off.
The last 4 miserable years was anything granted to us resembling Hope Not, Change, What did you say Change.
The excuses, are getting so predictible, we should now have a contest for the best excuses for the Messiah.
The Man cannot accept responsibility for his own screw ups. That is not a man, to pin something on everyone else. We heard it all before, please. We know, your side is innocent, they have the best interest of the Country, they are all about Unity, Bull, a better booming economy, boy are we in trouble. Dems do not cheat on their wives, another lie. Please save it for the naive. Their lies, their tactics, their bullies, they love to use intimidation, love to scare the elderly, and black-mail should they not get their way.
I have little use for those who overuse the blame game.
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