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Huh...so you were FOR preemptive military action before you are now AGAINST preemptive military action? Typical!I do have to ask, since you think GWB is such a great defender of the U.S. from terrorists, why didn't he save 3000 Americans on 9/11?
THAT question would be more appropriately asked of Bubba Clinton who had 3 chances in the 8 years after the first World Trade Center bombing to take possession of Osama bin Laden and decapitate al-Qaida in the '90s and didn't!
Chris...you've posted this a couple of times and I'd like you to explain to the class just exactly HOW the TOTAL GDP of the US can go from 14.25 trillion in 2009 to 14.7 trillion in 2011 and that equal a 9.2 trillion dollar gain for Americans.Here are the figures from the Federal Reserve....
Year______Total Net Worth
2009-01-01 $49523.62 <--- Obama Takes Office
2009-04-01 50625.60
2009-07-01 53360.65
2009-10-01 54239.35
2010-01-01 55465.57
2010-04-01 54203.25
2010-07-01 55360.19
2010-10-01 57788.52
2011-01-01 58873.09
2011-04-01 $58730.14 <---- Most Recent Data
Difference = $9.2 Trillion.
Here is the thing. Even if we accept the world of fuzzy government math that takes the average Median Family income and applies it to the GDP, a 15% increase in even a 15 trillion dollar TOTAL economy can NOT equal 9.2 trillion dollars in 2 years. In the world of real math, even allowing rounding don't get ya THERE! Even using your figures and doing fuzzy government math by mixing apples and oranges, that's only 2.25 trillion dollar increase!
Here is the world of REAL math. Income...according to our beloved Census folk's figures, the average median household income rose about 2.4% since Obama took office, while during that SAME period, the average price of a gallon of gas up 48%, average food prices up 9.7%, consumer goods...UP nearly 3%, price for all consumer goods up 6.6%, average price for consumer services...UP nearly 3%, nearly 25% increase in health care premiums, 20% increase in Medicare copay on average and on and on and on.
Yep...that hopey changey thing is working out just GREAT for average Americans pocketbook. 9.2 trillion my butt!
Those numbers represent changes in American household net wealth, not income. Wealth can change because of stock markets, the housing market, debt, and corporate and government bonds.
Huh...so you were FOR preemptive military action before you are now AGAINST preemptive military action? Typical!I do have to ask, since you think GWB is such a great defender of the U.S. from terrorists, why didn't he save 3000 Americans on 9/11?
THAT question would be more appropriately asked of Bubba Clinton who had 3 chances in the 8 years after the first World Trade Center bombing to take possession of Osama bin Laden and decapitate al-Qaida in the '90s and didn't!
Chris...you've posted this a couple of times and I'd like you to explain to the class just exactly HOW the TOTAL GDP of the US can go from 14.25 trillion in 2009 to 14.7 trillion in 2011 and that equal a 9.2 trillion dollar gain for Americans.Here are the figures from the Federal Reserve....
Year______Total Net Worth
2009-01-01 $49523.62 <--- Obama Takes Office
2009-04-01 50625.60
2009-07-01 53360.65
2009-10-01 54239.35
2010-01-01 55465.57
2010-04-01 54203.25
2010-07-01 55360.19
2010-10-01 57788.52
2011-01-01 58873.09
2011-04-01 $58730.14 <---- Most Recent Data
Difference = $9.2 Trillion.
Here is the thing. Even if we accept the world of fuzzy government math that takes the average Median Family income and applies it to the GDP, a 15% increase in even a 15 trillion dollar TOTAL economy can NOT equal 9.2 trillion dollars in 2 years. In the world of real math, even allowing rounding don't get ya THERE! Even using your figures and doing fuzzy government math by mixing apples and oranges, that's only 2.25 trillion dollar increase!
Here is the world of REAL math. Income...according to our beloved Census folk's figures, the average median household income rose about 2.4% since Obama took office, while during that SAME period, the average price of a gallon of gas up 48%, average food prices up 9.7%, consumer goods...UP nearly 3%, price for all consumer goods up 6.6%, average price for consumer services...UP nearly 3%, nearly 25% increase in health care premiums, 20% increase in Medicare copay on average and on and on and on.
Yep...that hopey changey thing is working out just GREAT for average Americans pocketbook. 9.2 trillion my butt!
Income and net worth are two different things.
You never took accounting, did you?
Huh...so you were FOR preemptive military action before you are now AGAINST preemptive military action? Typical!I do have to ask, since you think GWB is such a great defender of the U.S. from terrorists, why didn't he save 3000 Americans on 9/11?
THAT question would be more appropriately asked of Bubba Clinton who had 3 chances in the 8 years after the first World Trade Center bombing to take possession of Osama bin Laden and decapitate al-Qaida in the '90s and didn't!
Chris...you've posted this a couple of times and I'd like you to explain to the class just exactly HOW the TOTAL GDP of the US can go from 14.25 trillion in 2009 to 14.7 trillion in 2011 and that equal a 9.2 trillion dollar gain for Americans.Here are the figures from the Federal Reserve....
Year______Total Net Worth
2009-01-01 $49523.62 <--- Obama Takes Office
2009-04-01 50625.60
2009-07-01 53360.65
2009-10-01 54239.35
2010-01-01 55465.57
2010-04-01 54203.25
2010-07-01 55360.19
2010-10-01 57788.52
2011-01-01 58873.09
2011-04-01 $58730.14 <---- Most Recent Data
Difference = $9.2 Trillion.
Here is the thing. Even if we accept the world of fuzzy government math that takes the average Median Family income and applies it to the GDP, a 15% increase in even a 15 trillion dollar TOTAL economy can NOT equal 9.2 trillion dollars in 2 years. In the world of real math, even allowing rounding don't get ya THERE! Even using your figures and doing fuzzy government math by mixing apples and oranges, that's only 2.25 trillion dollar increase!
Here is the world of REAL math. Income...according to our beloved Census folk's figures, the average median household income rose about 2.4% since Obama took office, while during that SAME period, the average price of a gallon of gas up 48%, average food prices up 9.7%, consumer goods...UP nearly 3%, price for all consumer goods up 6.6%, average price for consumer services...UP nearly 3%, nearly 25% increase in health care premiums, 20% increase in Medicare copay on average and on and on and on.
Yep...that hopey changey thing is working out just GREAT for average Americans pocketbook. 9.2 trillion my butt!
Those numbers represent changes in American household net wealth, not income. Wealth can change because of stock markets, the housing market, debt, and corporate and government bonds.
People close to retirement.
Where did you come up with that 20% figure?
Dollar index, as measured compared to a basket of international currencies. All that money printing has an effect believe it or not.
??? How do you get 20% decrease from 1-1-9 to 4-1-11 from the dollar index? It closed at 81.308 on 12-31-9 and and opened at 75.995 on 4-1-11. That's not a 20% decrease. Its not even a 7% decrease. Facts - do they matter?
Most of the banks listed in the article on that link have paid the stimulus money back. So no - it was not handed to the banks. Good luck on trying to recover money from the likes of Solyndra though...
Or Fannie/Freddie, who have gobbled up billions on taxpayer money, with more on the way.
As opposed to the war in Iraq and Afghanistan which cost $2 TRILLION DOLLARS.
Well duh, the economy wasn't doing as poorly.
Yes, and it did impact revenue somewhat. But that was also before annual spending increased 38% under Obama.
Spending went up 950% from 1940 to 1945, for an annualized rate of 60%.
How bad was the economy after 1945?
How does being in a war make government spending good for the economy and not being in a war make it bad for the economy?Yes, and it did impact revenue somewhat. But that was also before annual spending increased 38% under Obama.
Spending went up 950% from 1940 to 1945, for an annualized rate of 60%.
How bad was the economy after 1945?
So after accepting the fact that Obama did in fact increase spending 38% you're going to simply point out the fact that the deficit doesn't actually matter because spending increased faster during a time when we were in a world f****** war?
give up.
Dollar index, as measured compared to a basket of international currencies. All that money printing has an effect believe it or not.
??? How do you get 20% decrease from 1-1-9 to 4-1-11 from the dollar index? It closed at 81.308 on 12-31-9 and and opened at 75.995 on 4-1-11. That's not a 20% decrease. Its not even a 7% decrease. Facts - do they matter?
Yeah thanks for being very selective with the dates there. Let's compare January 2009 and not December 2009 since this is the time period we've been talking about here this whole time.
January 30 2009: 86.009.
That puts the decline way above your 7% claim.
Or Fannie/Freddie, who have gobbled up billions on taxpayer money, with more on the way.
As opposed to the war in Iraq and Afghanistan which cost $2 TRILLION DOLLARS.
We've already been over this, stop resurrecting old arguments that have already been debunked.
As opposed to the war in Iraq and Afghanistan which cost $2 TRILLION DOLLARS.
We've already been over this, stop resurrecting old arguments that have already been debunked.
Chris is a very very slow learner. He probably still thinks Gore won the election, despite it being demonstrated a gazillion times he didnt.
Thank you. People have totally ignored the thread I started about that. Though I'm not like Chris who bumps his posts with nonsense over and over.
Thank you. People have totally ignored the thread I started about that. Though I'm not like Chris who bumps his posts with nonsense over and over.
The market went down in the summer because the treasonous Tea Party/Republicans almost shut down the government and hurt our credit rating, so they could ruin the economy and win the next election.
But it didn't work. The market bounced back.
Thanks for letting me point that out. You are the best!
LMAOff!!!The market went down in the summer because the treasonous Tea Party/Republicans almost shut down the government and hurt our credit rating, so they could ruin the economy and win the next election.
But it didn't work. The market bounced back.
Thanks for letting me point that out. You are the best!
LMAOff!!!The market went down in the summer because the treasonous Tea Party/Republicans almost shut down the government and hurt our credit rating, so they could ruin the economy and win the next election.
But it didn't work. The market bounced back.
Thanks for letting me point that out. You are the best!
HOLY CRAP!!!!
The notion that the "TEA Party" and NOT the fact that Congress increased our debt ceiling to more than 2 TRILLION DOLLARS OVER our GDP...OR the fact that our debt to GDP ratio is 100% hurt our credit rating might just be the most ridiculous thing I've ever read.
Let's see, we went from the historic, non war time debt to GDP ratio of about 20% to a ratio of 100% in just about 4 years, the housing market fell 50% in 1 year...but it is those evil TEA Party racist who want their government to operate under the same kind of fiscal responsibility that they have to in their household budgets that screwed the countries economy.
GOT DANG...they are evil!
By the way, last I looked, the Dow is STILL 2-3 thousand below the high and has been below 10,000 a few times. So it ain't "back" by any stretch.
Worst economy since 1929...we ain't got much way to go but up. In SPITE of democrat's efforts to the contrary!
Some people are simply LOST in the ether!
Than When Obama Took Office:
Title: Total Net Worth - Balance Sheet of Households and Nonprofit Organizations
Series ID: TNWBSHNO
Source: Board of Governors of the Federal Reserve System
Release: Z.1 Flow of Funds Accounts of the United States
Seasonal Adjustment: Not Seasonally Adjusted
Frequency: Quarterly, End of Period
Units: Billions of Dollars
Date Range: 1949-10-01 to 2011-04-01
Last Updated: 2011-10-12 4:16 PM CDT
Notes: This data comes from the Z.1 Flow of Funds release of the Board of
Governors. This series appears in Table B.100. For further information
see the information provided in the guide to the Flow of Funds at
Flow of Funds Guide - Home.
Year______Total Net Worth
2009-01-01 $49523.62 <--- Obama Takes Office
2009-04-01 50625.60
2009-07-01 53360.65
2009-10-01 54239.35
2010-01-01 55465.57
2010-04-01 54203.25
2010-07-01 55360.19
2010-10-01 57788.52
2011-01-01 58873.09
2011-04-01 $58730.14 <---- Most Recent Data
Difference = $9.2 Trillion.
Source: http://research.stlouisfed.org/fred2/data/TNWBSHNO.txt
Than When Obama Took Office:
Title: Total Net Worth - Balance Sheet of Households and Nonprofit Organizations
Series ID: TNWBSHNO
Source: Board of Governors of the Federal Reserve System
Release: Z.1 Flow of Funds Accounts of the United States
Seasonal Adjustment: Not Seasonally Adjusted
Frequency: Quarterly, End of Period
Units: Billions of Dollars
Date Range: 1949-10-01 to 2011-04-01
Last Updated: 2011-10-12 4:16 PM CDT
Notes: This data comes from the Z.1 Flow of Funds release of the Board of
Governors. This series appears in Table B.100. For further information
see the information provided in the guide to the Flow of Funds at
Flow of Funds Guide - Home.
Year______Total Net Worth
2009-01-01 $49523.62 <--- Obama Takes Office
2009-04-01 50625.60
2009-07-01 53360.65
2009-10-01 54239.35
2010-01-01 55465.57
2010-04-01 54203.25
2010-07-01 55360.19
2010-10-01 57788.52
2011-01-01 58873.09
2011-04-01 $58730.14 <---- Most Recent Data
Difference = $9.2 Trillion.
Source: http://research.stlouisfed.org/fred2/data/TNWBSHNO.txt
The federal reserve is like a hidden tax, making the dollar decline and causing inflation. Because of the federal reserve, jobs are lost, houses loses value,growth stops, businesses goes bankrupt, groceries becomes more expensive.
US probobaly has one of the highest tax rates in the world(on paper it is low), but most of it is "hidden" by the federal reserve printing money.
