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

[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!

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

Not him, per se
just his non free market, incentive killing, market crowding policies


Speaking of home values
Thanks for reminding me


They are now down a total of 35 percent from the peak of the housing bubble.
The last time that home prices in the United States were this low was back in 2002.

 

[The Rabbi]

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?

Yes, actually it is. His stupid policies have kept the housing market in the doldrums for 3 years.

 

[naturegirl]

No jobs, less wages, less millionaires, housing prices continue to fall, more people than ever getting government assistance. Jeeze I thought we were in a recovery??

Wonder what the progressives are going to do when there aren't enough millionaires to support those on welfare.

Oh snap......................there aren't enough today, there weren't enough yesterday and there weren't enough 3 years ago.

 

[Neotrotsky]

Unemployment ticked up to 8.2% today. GDP growth was revised down to 1.9%.

Thanks, Papa Obama

 

[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!

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

Yes, actually it is. His stupid policies have kept the housing market in the doldrums for 3 years.

Truth is hard for the left
In fact, it is their worst enemy