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The rich get richer as usual.... the Left doesn't cry about it when their man is in office.
"... most people do not own stocks; they rely on home values and wages for their wealth and the recovery in those areas of the economy has been sluggish, at best. The Huffington Post story noted that at the end of 2012, the S&P/Case-Shiller home price index was roughly where it was at the beginning of 2009 (which was also roughly where it was in the fall of 2003).
As for wages, for most American they have gone nowhere but down. Inflation-adjusted, median U.S. household income, based on data from the United State Census Bureau, was $50,054 in 2011 versus $54,489 in 2007; a drop of about 8%. And things were not any better in 2012.
So, while record stock market highs might be a signal for the top 1% of household to break out the champagne and caviar, the lower 99% are still stuck on a diet of hotdogs and beans."
Wages are down... prices are up (but there is no inflation BTW).. whatever.
Everyone I know that has a pension or managed their money to put into a 401K are benefitting. And we are not part of the 1%.
It helps plenty of people...Certainly not the ones still living at home, living off of their parents. Or the ones that have to lay out $30K to $40K for a car they have to go in debt for....Or all the latest electronic crap...or going out several nights each week to eat or party, and pay over $100/ticket to see a music group.
Some of us live simpler lives...and put away a few bucks.
Everyone I know with any investments, including a 401(k) or 403(b), is benefiting. None of us are in the top 1%.
How come when the market went down it was hurting all Americans because their investments and retirements were affected...but when it goes back up only the top 1% are benefiting? If it hurts everyone going down, it benefits everyone going backup. That's basic rational reasoning and logical thought.
I thought "the left" hated the 1%, at least that's what Fox and WND touts daily. Now Obama and the left love them because the market goes up? Isn't this insane reasoning?
You can't have it both ways at the same time.
While it benefits the 1% more then say the non-1%, but it doesn't change who it benefits if it goes up or down.
This is partially true. Those who live on investment income are riding high, as usual. However, the stock market and 401ks are influencing the net worth of millions of people. As net worth rises, so does consumption, which may well help the economy.
My biggest issue is that it is also an indicator of inequality. The wealthy are flying high, and they have no incentive to invest in real brick and mortar businesses, instead of surfing the market for easy money.
The rich get richer as usual.... the Left doesn't cry about it when their man is in office.
"... most people do not own stocks; they rely on home values and wages for their wealth and the recovery in those areas of the economy has been sluggish, at best. The Huffington Post story noted that at the end of 2012, the S&P/Case-Shiller home price index was roughly where it was at the beginning of 2009 (which was also roughly where it was in the fall of 2003).
As for wages, for most American they have gone nowhere but down. Inflation-adjusted, median U.S. household income, based on data from the United State Census Bureau, was $50,054 in 2011 versus $54,489 in 2007; a drop of about 8%. And things were not any better in 2012.
So, while record stock market highs might be a signal for the top 1% of household to break out the champagne and caviar, the lower 99% are still stuck on a diet of hotdogs and beans."
Wages are down... prices are up (but there is no inflation BTW).. whatever.
Now you are catching on. You do realize that Obama and the rich are one and the same?... and you thought Obama was for the average guy and you were going after the rich... lol
Everyone I know that has a pension or managed their money to put into a 401K are benefitting. And we are not part of the 1%.
Pensions and 401Ks are benefitting on paper... which is fine... and a positive. It does not, however, benefit CURRENT CONSUMPTION (ie. the larger Economy).
My biggest issue is that it is also an indicator of inequality. The wealthy are flying high, and they have no incentive to invest in real brick and mortar businesses, instead of surfing the market for easy money.
??? That's a silly post. Everyone invests in the best risk/reward instruments. There is no easy money.
Now you are catching on. You do realize that Obama and the rich are one and the same?... and you thought Obama was for the average guy and you were going after the rich... lol
Obama loves his rich buddies. And his rich buddies love him.
The rich get richer as usual.... the Left doesn't cry about it when their man is in office.
"... most people do not own stocks; they rely on home values and wages for their wealth and the recovery in those areas of the economy has been sluggish, at best. The Huffington Post story noted that at the end of 2012, the S&P/Case-Shiller home price index was roughly where it was at the beginning of 2009 (which was also roughly where it was in the fall of 2003).
As for wages, for most American they have gone nowhere but down. Inflation-adjusted, median U.S. household income, based on data from the United State Census Bureau, was $50,054 in 2011 versus $54,489 in 2007; a drop of about 8%. And things were not any better in 2012.
So, while record stock market highs might be a signal for the top 1% of household to break out the champagne and caviar, the lower 99% are still stuck on a diet of hotdogs and beans."
Wages are down... prices are up (but there is no inflation BTW).. whatever.
The left has been talking about this for a long time now including with Obama in office. Thread fail.
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