Family net worth retreats to early 1990's levels

[thereisnospoon]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

 

[RDD_1210]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

Which policies that Obama has enacted has caused this to happen? Specifically and how?

 

[Samson]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

Which policies that Obama has enacted has caused this to happen? Specifically and how?

Correct: This is what Obama meant by change....

 

[thereisnospoon]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

Which policies that Obama has enacted has caused this to happen? Specifically and how?

Frightening that you must ask that.
Ok.....
A projected $15 trillion deficit over the next ten years.
A lagging economy which is held back by uncertainty produced by Administration's policies.
Obamacare. New and higher taxes. The federal reserve's inability or unwillingness to stay out of the way of the economy. This proposal of another round of "quantitative easing" has the markets in limbo.
The Administration's unwillingness to allow the housing market to bottom out.
"The private sector is doing fine"...Obama's words.

 

[Darkwind]

Kids, thank your Obama.....

 

[DontBeStupid]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

Which policies that Obama has enacted has caused this to happen? Specifically and how?

Frightening that you must ask that.
Ok.....
A projected $15 trillion deficit over the next ten years.
A lagging economy which is held back by uncertainty produced by Administration's policies.
Obamacare. New and higher taxes. The federal reserve's inability or unwillingness to stay out of the way of the economy. This proposal of another round of "quantitative easing" has the markets in limbo.
The Administration's unwillingness to allow the housing market to bottom out.
"The private sector is doing fine"...Obama's words.

In other words ... you can't name one Obama policy that led to this affect.

 

[RDD_1210]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

Which policies that Obama has enacted has caused this to happen? Specifically and how?

Frightening that you must ask that.
Ok.....
A projected $15 trillion deficit over the next ten years.
A lagging economy which is held back by uncertainty produced by Administration's policies.
Obamacare. New and higher taxes. The federal reserve's inability or unwillingness to stay out of the way of the economy. This proposal of another round of "quantitative easing" has the markets in limbo.
The Administration's unwillingness to allow the housing market to bottom out.
"The private sector is doing fine"...Obama's words.

Frightening that you can't actually answer what I asked. Which policies and specifically how did those policies cause this?

I highlighted the important part that I know you can't answer hence your response above. Be proud, sheep.

 

[BlindBoo]

I think I'll blame the Republicans in Congress for their obstructionism and failure to compromise.

 

[occupied]

All those people losing their houses and jobs and retirement investments could not possibly contribute to the figure could it? It could not possibly be Wall Street sucking trillions out the economy, or job security becoming a thing of the past could it? No it has to be one guy, obstructed on practically everything that did it. We traded a solid middle class for this lousy service economy and all we got was these stupid RW whiners where we used to have courageous Americans.

 

[Darkwind]

I think I'll blame the Republicans in Congress for their obstructionism and failure to compromise.

40 bills in the last year and a half, all have died in the Senate.

You go right ahead and blame republicans. I never get in the way of a good delusion.

 

[g5000]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

From your own link:

The crash of housing prices explained three-quarters of the loss.

The losses of income and wealth fell most heavily on the middle class.

One reason for this disproportion is that the middle class puts its wealth in housing, and the median amount of home equity dropped to $75,000 in 2010 from $110,000 in 2007.

That is a direct effect of what happened on Bush's watch.


Do you fools just read the headlines and think, "Oh, it must be Obama"?

 

[DontBeStupid]

I think I'll blame the Republicans in Congress for their obstructionism and failure to compromise.

40 bills in the last year and a half, all have died in the Senate.

You go right ahead and blame republicans. I never get in the way of a good delusion.

And weren't 30 of those bills to name Post Offices after GOP leaders?

 

[DontBeStupid]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

From your own link:

The crash of housing prices explained three-quarters of the loss.

That is a direct effect of what happened on Bush's watch.

Agreed.

Also ...

The recent financial crisis left the median American family in 2010 with no more wealth than they had in the early 1990s

The article is using worth as of 2010.

 

[g5000]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

From your own link:



That is a direct effect of what happened on Bush's watch.

Agreed.

Also ...

The recent financial crisis left the median American family in 2010 with no more wealth than they had in the early 1990s

The article is using worth as of 2010.

Yep. A year after Obama took office. So, gee, it must be all his fault!

 

[thanatos144]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

Which policies that Obama has enacted has caused this to happen? Specifically and how?

Really? I will give you two right now. Frank Dodd and The affordable heath care act.

 

[Zander]

Is being a dilettante with no clue a policy?

 

[asterism]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

Which policies that Obama has enacted has caused this to happen? Specifically and how?

Increased regulation in the form of micromanagement instead of increased oversight has caused a dearth of capital in the small business sector, kept housing prices stagnant (instead of bottoming out and allowing the good properties to rise). Both the Dodd-Frank financial reform and the internal policy changes made by the FDIC have fostered this environment.

The Obama Administration's moves in the green energy and automotive sectors have largely driven non-insider investors away, especially with the government instead of the market picking winners and directly favoring certain companies with cash and contracts. Another major chilling factor is the unprecedented act of forcing bondholders to lose in order to stave off a bankruptcy, except the bankruptcy happened anyway. Innovation is stifled when innovators see that the government will nationalize a company based on political clout.

There are other examples but these are quite glaring.

 

[jiwozejy213]

Do you know that Federal Reserve is no more federal than Federal Express?
=============================================
Yes, Federal Reserve is owned by private banks with very different goals than what their name masquerade makes you believe.

So what does that mean?
=============================================
It means, just for starters, that every QE(Quantitative Easing) prescribed by the Fed chairman and his 'think tank' is a loan to finance thir own bad debt. So a loan you think, well if they borrow money there must be interest, which somehow would constitute reparation or a fine for the incompetence that lead to the unstable banks. Dear reader, it is not they who are borrowing, You are...!!??!! The QE is a government loan that the Fed approves, and it is the tax payers who stand with the bill/have to pay the interest. Tax payers, You and me.

Here're some facts on the Federal Reserve
============================================
The Federal Reserve Bank is a consortium of 9 Jewish-owned & associated banks with the Rothschilds at the head:
* Rothschild Banks of London and Berlin
* Goldman Sachs Bank of New York
* Kuhn Loeb Bank of New York/Shearson American Express
* Lazard Brothers Bank of Paris
* Israel Moses Sief Banks of Italy
* Warburg Bank of Hamburg, Germany and Amsterdam
* Lehman Brothers Bank of New York
* Chase Manhattan Bank of New York (David Rockefeller)

All chairmen of the Federal Reserve
--------------------------------------
1. Charles S. Hamlin 1914-1916 – Jew
2. William P. G. Harding 1916-1922 – Jew
3. Daniel R. Crissinger 1923-1927 – Jew
4. Roy A. Young 1927-1930 – Jew
5. Eugene I. Meyer 1930-1933 – Jew
6. Eugene R. Black 1933-1934 – Jew
7. Marriner S. Eccles 1934-1948
8. Thomas B. McCabe 1948-1951– Jew
9. William McChesney Martin, Jr. 1951-1970
10. Arthur F. Burns 1970-1978 – Jew
11. G. William Miller 1978-1979
12. Paul A. Volcker 1979-1987 – Jew
13. Alan Greenspan 1987-2006 – Jew
14. Ben S. Bernanke 2006- – Jew


All the 5 members of the Board of the Federal Reserve Bank of the United States of America
---------------------------------------
Ben S. Bernanke, Chairman - Jew
Donald L. Kohn, Vice Chairman - Jew
Kevin M. Warsh - Jew
Randall S. Kroszner - Jew
Frederic S. Mishkin - Jew

Here're some facts on the IMF
============================================
In the 1944 Bretton Woods Conference, the World Bank and IMF were created. While both are international organizations, they are headquartered in Washington DC. The World Bank is led by Americans while the IMF is led by Europeans.

International Monetary Fund (IMF), is an international organ that, in close cooperation with the World Bank, has been established to 'promote financial growth and stability through cooperation within the international currency system among member states'. One ridiculous money management scheme after another has now resulted in that IMF 'rules' the central banks of all member states through debts.

Chairmen of IMF
---------------------------------
1. Camille Gutt 1946-1951 – Belgium – Jew
2. Ivar Rooth 1951-1956 – Sweden – Jew
3. Per Jacobsson 1956-1963 – Sweden – Jew
4. Pierre-Paul Schweitzer 1963-1973 – France – Jew
5. Johannes Witteveen 1973-1978 – The Netherlands – Jew
6. Jacques de Larosière 1978-1987 – France – Jew
7. Michel Camdessus 1987-2000 - Franc
8. Horst Köhler 2000-2004 – Germany – Jew
9. Rodrigo Rato 2004-2007 - Spain
10. Dominique Strauss-Kahn 2007-2011 – France – Jew
11. Christine Lagarde 2011- France – Jew


...and of course the World Bank
=================================
The World Bank is a peddler of leveraged loans and jugglers of third world debt. This organization has more influence in the monetary matters of indebted third world countries, than the UN has. With globalization as its goal, the World Bank has the power to make or break the economy of the poor developing world.

Chairmen of the World Bank
---------------------------------
1946 - 1947 Eugene Meyer - Jew
1947 - 1949 John Jay McCloy
1949 - 1962 Eugene R. Black - Jew
1963 - 1968 George D. Woods - Jew
1968 - 1981 Robert McNamara
1981 - 1986 Alden W. Clausen - Jew
1986 - 1991 Barber B. Conable - Jew
1991 - 1995 Lewis T. Preston - Jew
1995 - 2005 James David Wolfensohn - Jew
2005 - 2007 Paul Wolfowitz - Jew
2007 - Robert Zoellick - Jew

 

[occupied]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

Which policies that Obama has enacted has caused this to happen? Specifically and how?

Really? I will give you two right now. Frank Dodd and The affordable heath care act.

Another RW whiner who is scared to confront the problems that caused this, an unstable corrupt financial system and a health care system that drives many thousands into bankruptcy, congratulations on blaming the half-assed cures rather than the disease.

 

[g5000]

No blaming Bush here.....This is all on Obama's watch..
Family Net Worth Drops to Level of Early

For those being willfully blind who didn't even bother reading the OP link and trying to blame Obama:

The crash of housing prices explained three-quarters of the loss.

Not Dodd Frank. Not ObamaCare. Not whatever the fuck else you are reaching for.

The losses of income and wealth fell most heavily on the middle class.

One reason for this disproportion is that the middle class puts its wealth in housing, and the median amount of home equity dropped to $75,000 in 2010 from $110,000 in 2007.

I defy anyone to explain how Dodd-Frank and ObamaCare caused the middle class's home values to plunge by 2010.