Obamanomics is working- US Lost 129,000 Millionaires in 2011

[francoHFW]

To review: Pub dupe insanity...Had NOTHING to do with the SECOND Pub Great World Depression? LOL!

 

[The Rabbi]

Companies like Wallmart come in because of the GOP and Free Trade and they send all the manufacturing jobs overseas and wonder why the upper middle class is disappearing along with the middle class.

You took away their customer base when you lowered our wages. And you made it impossible for those millionaires who were barely millionaires to compete with the Koch Brothers and the Big Multinational companies.

Quite simply, we don't manufacture anything anymore. You can't be a great country if you don't make anything, and if the top 1% have all the money. How can business' thrive when we don't have any money to spend? We're putting it all in our gas tanks and hospital bills and co pays.

Are you competing to see who can lie more in one post? If so you're doing a splendid job.

Why would any company or rich person invest in America when America won't even invest in America. Paul Ryan and Bush refused to spend money on our falling apart infrastructure. Then they refused to raise the debt ceiling, even though they did it for bush 400 times. Companies and rich people are over in china investing. They have citizens who's wages are going up and up and up. That's who they want to sell to. Not us. Our wages haven't gone up in 30 years. We spend all our money on gas and hospital visits.

Oh, and for those who think things were great when Bush was in office, let me remind you of where we were in 2007:

Roll Back the Reagan Tax Cuts | Common Dreams

8-2007

Since Bush has been president:

•over 5 million people have slipped into poverty;
•nearly 7 million Americans have lost their health insurance;
•median household income has gone down by nearly $1,300;
•three million manufacturing jobs have been lost;
•three million American workers have lost their pensions;
•home foreclosures are now the highest on record;
•the personal savings rate is below zero - which hasn't happened since the great depression;
•the real earnings of college graduates have gone down by about 5% in the last few years;
•entry level wages for male and female high school graduates have fallen by over 3%;
•wages and salaries are now at the lowest share of GDP since 1929.

And the numbers got even worse by the time he left office. And were still getting bad months into Obama's term. Hardly Obama's fault. Or Pelosi's. I won't even entertain the thought. That's a joke I'm sick of hearing. Makes me laugh at you for being stupid or makes me mad that you are such a liar. But I believe you believe the shit coming out of your mouth.

PS. I bet you were for the war in Iraq and you want to go to war with Iran, huh Rabies?

That's a good question. Why would anyone invest in America when Obama has essentially outlawed making money?
All fo those numbers for Bush are 10 times worse under Obama, btw.

 

[Moonglow]

Are you competing to see who can lie more in one post? If so you're doing a splendid job.

Why would any company or rich person invest in America when America won't even invest in America. Paul Ryan and Bush refused to spend money on our falling apart infrastructure. Then they refused to raise the debt ceiling, even though they did it for bush 400 times. Companies and rich people are over in china investing. They have citizens who's wages are going up and up and up. That's who they want to sell to. Not us. Our wages haven't gone up in 30 years. We spend all our money on gas and hospital visits.

Oh, and for those who think things were great when Bush was in office, let me remind you of where we were in 2007:

Roll Back the Reagan Tax Cuts | Common Dreams

8-2007

Since Bush has been president:

•over 5 million people have slipped into poverty;
•nearly 7 million Americans have lost their health insurance;
•median household income has gone down by nearly $1,300;
•three million manufacturing jobs have been lost;
•three million American workers have lost their pensions;
•home foreclosures are now the highest on record;
•the personal savings rate is below zero - which hasn't happened since the great depression;
•the real earnings of college graduates have gone down by about 5% in the last few years;
•entry level wages for male and female high school graduates have fallen by over 3%;
•wages and salaries are now at the lowest share of GDP since 1929.

And the numbers got even worse by the time he left office. And were still getting bad months into Obama's term. Hardly Obama's fault. Or Pelosi's. I won't even entertain the thought. That's a joke I'm sick of hearing. Makes me laugh at you for being stupid or makes me mad that you are such a liar. But I believe you believe the shit coming out of your mouth.

PS. I bet you were for the war in Iraq and you want to go to war with Iran, huh Rabies?

That's a good question. Why would anyone invest in America when Obama has essentially outlawed making money?
All fo those numbers for Bush are 10 times worse under Obama, btw.

Do you think recessions just disappear over night?

 

[bripat9643]

Yah when the value of the homestead dropped many lost their millionaire status.

I did not however lose mine.

Having a million flies buzzing around your house doesn't make you a millionaire.

 

[OohPooPahDoo]

Obamanomics is working- US Lost 129,000 Millionaires in 2011-

America’s millionaire population declined last year for the first time since the financial crisis, according to a new report.

The population of U.S. millionaire households (households with investible assets of $1 million or more) fell to 5,134,000 from 5,263,000 in 2011, according to The Boston Consulting Group’s Global Wealth study.

Virtually all of the growth in global millionaires came from emerging markets last year. While the United States lost nearly 130,000 millionaires, the rest of the world added 175,000 millionaires.
​

Socialism works!

The population of millionaries dropped only 2.5%?

Well good for them, they seem to be doing better than most of the rest of America

 

[Chris]

4.2 million private sector jobs have been created since the stimulus.

Thanks, President Obama.

 

[Chris]

Americans net worth is up $9 trillion dollars since the stimulus.

Thanks, President Obama.

 

[Chris]

We have just had the fastest 6 month drop in unemployment since 1984.

Thanks, President Obama.

 

[Chris]

The Fortune 500 companies just recorded record profits.


Thanks, President Obama.

 

[OohPooPahDoo]

Americans net worth is up $9 trillion dollars since the stimulus.

Thanks, President Obama.

So what the OP is pissed about is that those on top didn't get a bigger share.

Sounds like the OP is class warfarist, wouldn't you say?

 

[Chris]

Americans net worth is up $9 trillion dollars since the stimulus.

Thanks, President Obama.

So what the OP is pissed about is that those on top didn't get a bigger share.

Sounds like the OP is class warfarist, wouldn't you say?

More like a confused youngster.

 

[Care4all]

Obamanomics is working- US Lost 129,000 Millionaires in 2011-

America’s millionaire population declined last year for the first time since the financial crisis, according to a new report.

The population of U.S. millionaire households (households with investible assets of $1 million or more) fell to 5,134,000 from 5,263,000 in 2011, according to The Boston Consulting Group’s Global Wealth study.

Virtually all of the growth in global millionaires came from emerging markets last year. While the United States lost nearly 130,000 millionaires, the rest of the world added 175,000 millionaires.
​

Socialism works!

we lost 2.5 million millionaires in 2008, was that all president bush's fault?

The number of American households with a net worth of $1 million or more, excluding the value of their primary residence, fell 27% to 6.7 million in 2008 from an all-time high of 9.2 million the year before, according to a report from market research firm Spectrem Group. America lost 2.5 million millionaires in 2008 - survey - Mar. 11, 2009

 

[Neotrotsky]

4.2 million private sector jobs have been created since the stimulus.

Thanks, President Obama.

Papa Obama's lowest unemployment numbers come from the
first day he took over from Bush

 

[Neotrotsky]

Obamanomics is working- US Lost 129,000 Millionaires in 2011-

America’s millionaire population declined last year for the first time since the financial crisis, according to a new report.

The population of U.S. millionaire households (households with investible assets of $1 million or more) fell to 5,134,000 from 5,263,000 in 2011, according to The Boston Consulting Group’s Global Wealth study.

Virtually all of the growth in global millionaires came from emerging markets last year. While the United States lost nearly 130,000 millionaires, the rest of the world added 175,000 millionaires.
​

Socialism works!

we lost 2.5 million millionaires in 2008, was that all president bush's fault?

The number of American households with a net worth of $1 million or more, excluding the value of their primary residence, fell 27% to 6.7 million in 2008 from an all-time high of 9.2 million the year before, according to a report from market research firm Spectrem Group. America lost 2.5 million millionaires in 2008 - survey - Mar. 11, 2009

You do know there is a difference between
net worth (stated in your article) vs investable assets (stated in the op) ?

But it should make the left happy to know that according to the article

The ultra-rich were the largest losers in dollar terms.
Households in North America with investible assets of
more than $100 million saw their wealth decline 2.4 percent. Their population declined slightly to 2,928 from 2,989.​

 

[Neotrotsky]

Americans net worth is up $9 trillion dollars since the stimulus.

Thanks, President Obama.

So what the OP is pissed about is that those on top didn't get a bigger share.

Sounds like the OP is class warfarist, wouldn't you say?

More like a confused youngster.

Perhaps I am an enamored teenager of Papa Obama who
can see no bad in my man,,,
oh wait

that is you

 

[Neotrotsky]

Americans net worth is up $9 trillion dollars since the stimulus.

Thanks, President Obama.

and yet

one out of every four jobs in the United States pays $10 an hour or less at this point.

Thanks, Papa Obama

 

[Neotrotsky]

The Fortune 500 companies just recorded record profits.


Thanks, President Obama.

In November 2008, 30.8 million Americans were on food stamps. Today, more than 46 million Americans are on food stamps.

More than 25 percent of all American children are on food stamps.


Thanks, Papa Obama

 

[zeke]

one out of every four jobs in the United States pays $10 an hour or less at this point.

Hell who would have thought that you would be a supporter of wage and price controls.

But here in this country the President does not control either of those areas.

Please try again if you are trying to insult the President.

And what is really funny is that 10 dollars an hour will be the high side of the hourly wage scale IF Mittens gets in the WH.

 

[JoeB131]

Obamanomics is working- US Lost 129,000 Millionaires in 2011-

America’s millionaire population declined last year for the first time since the financial crisis, according to a new report.

The population of U.S. millionaire households (households with investible assets of $1 million or more) fell to 5,134,000 from 5,263,000 in 2011, according to The Boston Consulting Group’s Global Wealth study.

Virtually all of the growth in global millionaires came from emerging markets last year. While the United States lost nearly 130,000 millionaires, the rest of the world added 175,000 millionaires.
​

Socialism works!

So it's Obama's fault that home values continue to drop?

 

[Neotrotsky]

one out of every four jobs in the United States pays $10 an hour or less at this point.

Hell who would have thought that you would be a supporter of wage and price controls.

But here in this country the President does not control either of those areas.

Please try again if you are trying to insult the President.

And what is really funny is that 10 dollars an hour will be the high side of the hourly wage scale IF Mittens gets in the WH.

Wage and price controls do not work

Pushing more crony capitalism and failed leftist programs,
as Papa Obama has, will not help the overall demand for labour in any way

Assuming Mitt would pursue better and more free market choices
it is safe to assume wages would go up

Trying to insult the President
Never

His policies do that all by themselves