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So America regains 6 trillion dollars of lost wealth but AMERICANS only gained 1.3%.....
Hmmmmm...lost 18 trillion...gained 6 trillion...that sounds like 33%
1.3% of 18 trillion divided by 300 million Americans....628 dollars each...
Bwa ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha
You dumb ass...since when is receiving your tax return considered "great economic news" and directly attributed to the stimulus? Another sucker has swallowed the hook, line and sinker!!!! Congrats rightwinger...you've been duped again.
You scoff at $6 trillion?
Math must not be your best subject
1.3% was just last quarter of 2009 which combined with 4.5% and 5.5% in the second and third quarters for a total of 11.3%
A $6 trillion increase in personal wealth equates to $20,000 per American not $628
So America regains 6 trillion dollars of lost wealth but AMERICANS only gained 1.3%.....
Hmmmmm...lost 18 trillion...gained 6 trillion...that sounds like 33%
1.3% of 18 trillion divided by 300 million Americans....628 dollars each...
Bwa ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha
You dumb ass...since when is receiving your tax return considered "great economic news" and directly attributed to the stimulus? Another sucker has swallowed the hook, line and sinker!!!! Congrats rightwinger...you've been duped again.
You scoff at $6 trillion?
Math must not be your best subject
1.3% was just last quarter of 2009 which combined with 4.5% and 5.5% in the second and third quarters for a total of 11.3%
A $6 trillion increase in personal wealth equates to $20,000 per American not $628
Tell that to the 15 million people who are unemployed right now dumb ass....I'm sure they'll run right out and spend that 20,000 dollars OF FUCKING MONOPOLY MONEY YOU JUST GAVE THEM!
You scoff at $6 trillion?
Math must not be your best subject
1.3% was just last quarter of 2009 which combined with 4.5% and 5.5% in the second and third quarters for a total of 11.3%
A $6 trillion increase in personal wealth equates to $20,000 per American not $628
Tell that to the 15 million people who are unemployed right now dumb ass....I'm sure they'll run right out and spend that 20,000 dollars OF FUCKING MONOPOLY MONEY YOU JUST GAVE THEM!
Once again you digress in your attempts at a straw man
That $6 trillion in increased wealth is the composite for ALL Americans. Some made lots of money, some made a little money, some made no money and some lost money.
The end result was a NET INCREASE in personal wealth of $6 trillion
MORE ECONOMIC GOOD NEWS
but
BAD NEWS for those hoping for the country to fail (right ihopehefails?)
Logic escapes Right Winger. I'm almost positive the millions upon millions losing homes and jobs saw a significant increase in net worth.
The term "clueless" always comes to the forefront when I see Right Wingers viewpoint.
Net worth climbs as stocks recover, rises 1.3% in 4Q - USATODAY.com
WASHINGTON American households saw their wealth increase at the end of last year, mainly because the healing economy boosted stock portfolios.
The Federal Reserve said Thursday that household net worth rose 1.3% in the fourth quarter to $54.2 trillion. It marked the third straight quarter of gains. Net worth rose 4.5% in the second quarter of 2009 and an even stronger 5.5% in the third quarter.
Net worth is the value of assets such as homes, checking accounts and investments minus debts like mortgages and credit cards.
Even with the gain, Americans' net worth would have to rise an additional 21% to get back to its pre-recession peak of $65.9 trillion. That shows the vast loss of wealth people have suffered from the worst downturn since the 1930s
So the Net Worth of Americans have gone up 11.3% in the last three quarters of 2009. This translates to an increase of over $6 trillion in the last year.
It should be noted that Americans lost $18 trillion in net worth in the last years of the Bush administration
How is that "Hopey/Changey" working out for ya??
Logic escapes Right Winger. I'm almost positive the millions upon millions losing homes and jobs saw a significant increase in net worth.
The term "clueless" always comes to the forefront when I see Right Wingers viewpoint.
Exactly. I have no debt other than a mortgage which is a fixed one, and my investments are well-balanced. I am actually still better off today.
I guess my fiscal sanity makes me evil. I must have done this at some one else's expense.
Lose $18 trillion in last years of Bush= ECONOMIC BAD NEWS
Regain $6 trillion since Obama has been president= ECONOMIC GOOD NEWS
Hows that Hopey/Changey thing working for ya???
Growth in stock portfolios delivered the biggest lift to net worth in the October-to-December period. The value of stocks rose by nearly 4% to $7.7 trillion. Higher home prices helped a bit. The value of real-estate holdings edged up 0.2%.
During the recession, which began in December 2007, household net worth plunged as low as $48.5 trillion in the first quarter of 2009. Stock holdings and home values nose-dived. As their net worth evaporated, Americans felt less inclined to spend.
For all of last year, consumer spending dropped 0.6%. This year, as wealth, the economy and financial conditions slowly recover, consumer spending is projected to grow around 2.2%, according to the National Association for Business Economics.
Anyway, the market will tank.. big time later this year. And the same Bozo's that are heavily invested in the market for LT will watch their increases vaporize. It is a suckers market, for most.
BANK ON IT.
Growth in stock portfolios delivered the biggest lift to net worth in the October-to-December period. The value of stocks rose by nearly 4% to $7.7 trillion. Higher home prices helped a bit. The value of real-estate holdings edged up 0.2%.
During the recession, which began in December 2007, household net worth plunged as low as $48.5 trillion in the first quarter of 2009. Stock holdings and home values nose-dived. As their net worth evaporated, Americans felt less inclined to spend.
For all of last year, consumer spending dropped 0.6%. This year, as wealth, the economy and financial conditions slowly recover, consumer spending is projected to grow around 2.2%, according to the National Association for Business Economics.
OK, so you support Bush's effort to allow people to invest a portion of their Soc Security in US equities.
Better late than never
Lose $18 trillion in last years of Bush= ECONOMIC BAD NEWS
Regain $6 trillion since Obama has been president= ECONOMIC GOOD NEWS
Hows that Hopey/Changey thing working for ya???
Wow. Talk about historic and economic illiteracy.
The wealth destruction during the Aughts (the decade of 2000-2009 - aside, I do think the decade was screwed from the beginning because of its horrible nickname) was due to the DotCom/Y2K/Telecom Crash (have you heard of it?) and the aftermath of 9/11 (have you heard of it)?
Google up what happened to the markets after 9/11. No President could have prevented the subsequent ugliness, especially with the tsunami of the still quaking tech crash. The 2007 market correction is the logical result of years and years and years of expanding the money supply; money is always in search of an asset. In this case, the asset play was mortgages and derivates. Thank the Clinton Adminstration for putting this one into play via the CRA.
It wasn't Bush (or any President's job) to manage stock market returns. The job is to defend the country and The Constitution so that The People conduct our private lives and businesses unmolested by foreign threats or those who wish to transgress our rights.
If you'd really like to understand the macro game, I suggest you read "The Creature from Jekyll Island".
Budget deficit sets record in February
By MARTIN CRUTSINGER (AP) 1 day ago
WASHINGTON The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year's record for the full year.
The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.
The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.
The Obama administration is projecting that the deficit for the 2010 budget year will hit an all-time high of $1.56 trillion, surpassing last year's $1.4 trillion total. The administration is forecasting that the deficit will remain above $1 trillion in 2011, giving the country thrree straight years of $1 trillion-plus deficits.
The administration says the huge deficits are necessary to get the country out of the deepest recession since the 1930s. But Republicans have attacked the stimulus spending as wasteful and a failure at the primary objective of lowering unemployment.
Ooooooooooooooops!!!!!!!
Logic escapes Right Winger. I'm almost positive the millions upon millions losing homes and jobs saw a significant increase in net worth.
The term "clueless" always comes to the forefront when I see Right Wingers viewpoint.
Have problems dealing with facts Titanic?
Foreclosures lowest in 4 years
Foreclosure rates up by smallest amount in 4 years - USATODAY.com
That looks like MORE ECONOMIC GOOD NEWS!
Maybe I need to start another thread
Logic escapes Right Winger. I'm almost positive the millions upon millions losing homes and jobs saw a significant increase in net worth.
The term "clueless" always comes to the forefront when I see Right Wingers viewpoint.
Have problems dealing with facts Titanic?
Foreclosures lowest in 4 years
Foreclosure rates up by smallest amount in 4 years - USATODAY.com
That looks like MORE ECONOMIC GOOD NEWS!
Maybe I need to start another thread
No foreclosures going up is actually bad.