Forget Four Years Ago: We're Worse Off Than In 2011

Discussion in 'Politics' started by g5000, Sep 10, 2012.

  1. g5000
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    g5000 Diamond Member

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    Forget four years ago: We're worse off than in 2011 - The Term Sheet: Fortune's deals blog Term Sheet




    In short, we are trending downward.


    Obamaloids will do everything possible to deflect from this reality.

    Roll out the cancer lady and the race card!


    .
     
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    Last edited: Sep 10, 2012
  2. beretta304
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    beretta304 BANNED

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    You just won't stop with being factual, will you? :D Reality has no place on this board! So knock it off!

    Oh and as far as people dropping out of the workforce... didn't you hear? They all retired, that's all.
     
    Last edited: Sep 10, 2012
  3. Sinjorri
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    Sinjorri Senior Member

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    racist.
     
  4. Katzndogz
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    Katzndogz Diamond Member

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    If obama says we are better off who can dispute that without being racist?
     
  5. BlindBoo
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    BlindBoo Gold Member

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    Least we forget what President Obama took over in 2009:

    The U.S. economy lost 1.9 million jobs in the first 11 months of 2008, including 533,000 jobs in November.

    In the third quarter of 2008, GDP declined at an annual rate of 0.5 percent

    New home sales in October 2008 were 40.1% lower than a year earlier

    In the third quarter of 2008, the trade deficit was at 4.9% of gross domestic product.

    Economic Snapshot for December 2008 | Center for American Progress
     
  6. beretta304
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    beretta304 BANNED

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    Two can play your game Boo Boo. Picking and choosing what sounds best...using the same source as you did.



    American families saw few gains during the recovery before the crisis hit in 2008 and experienced no income gains during the current economic recovery after 2009.


    Income inequality is on the rise. This is the largest gap between the top 5 percent and the bottom 20 percent of households since the U.S. Census Bureau kept record in 1967.

    Poverty continues to rise across a wide spectrum. The poverty rate rose to 15.1 percent in 2010—its highest rate since 1993. The African American poverty rate was 27.4 percent, the Hispanic rate was 26.6 percent, and the white rate was 9.9 percent in 2010.

    The suffering of the unemployed stays high. The unemployment rate stood at 8.3 percent in July 2012. Long-term unemployment ballooned in recent years alongside high unemployment rates.

    Worker productivity—the amount of goods and services produced in an hour of work in the nonfarm business economy—is a key measure of the economy’s global competitiveness. Productivity now stands 7.3 well below the average increase of 8.5 percent for similar periods in the past.


    Government spending cuts reflect the continued fiscal crisis among federal, state, and local governments, as well as declining business investment. The reasonable business investment and export growth were not enough to overcome lackluster consumption and shrinking government spending growth.


    The share of people with employer-sponsored health insurance dropped from 59.8 percent in 2007 to 55.3 percent in 2010. The share of private-sector workers who participated in a retirement plan at work fell to 39.5 percent in 2010, down from 42 percent in 2007. Families have less economic security than in the past due to fewer employment-based benefits, requiring more private savings to make up the difference.


    Total family wealth is down $10.9 trillion (in 2012 dollars) from June 2007—its last peak—to March 2012. Homeowners on average own a near-record low of only 40.7 percent of their homes, with the rest owed to banks. Homeowners feel pressure to save more and consume less to rebuild their equity, slowing consumer spending and holding back economic growth.

    The median new house price in June 2012 was 3.2 percent lower than a year earlier.



    One in eight mortgages is still delinquent or in foreclosure even though mortgage troubles have gradually eased since March 2010.



    Corporations used their resources for purposes other than investments in plants and equipment. The share of investment out of GDP stayed low with 10.4 percent in the first quarter of 2012.



    Economic Snapshot for August 2012 | Center for American Progress
     
  7. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Oh no, Obama saved 4 gazilliony trilliony jobs and real GDP is at 95% and we're actually running a $5,000,000,000,000 surplus and Social Security is in such good shep, they just lowered the retirement age to 27!
     
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  8. tinydancer
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    tinydancer Diamond Member

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    Rainbows, lollipops and unicorns. Everything is rosy with Obama.
     
  9. Seawytch
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    Seawytch Information isnt Advocacy

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    So it WAS getting better...until the GOP took over the House. How odd...
     
  10. tinydancer
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    tinydancer Diamond Member

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    I remember the days when the libs were slagging Bush for a 4. something unemployment rate. McJobs wasn't it?

    The jobs weren't good enough? Bad bad Bush. Obama's at 8. something for months on end and he's a champ to the libs.

    The world is upside down.
     

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