Personal Wealth Up $26 Trillion Under Obama

[rightwinger]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

 

[Listening]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Well,

Here we go again.

Why don't you tell us who has the wealth. Or does this mean you are going to stop whining about obstuctionist republicans.

My guess is that it is the wealthy getting a lot wealthier (but I'll let you provide the data and show me wrong).

Which is it.

Just saying it is up is up is like saying an airplane in freefall is still flying.

 

[rightwinger]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Well,

Here we go again.

Why don't you tell us who has the wealth. Or does this mean you are going to stop whining about obstuctionist republicans.

My guess is that it is the wealthy getting a lot wealthier (but I'll let you provide the data and show me wrong).

Which is it.

Just saying it is up is up is like saying an airplane in freefall is still flying.

My own personal wealth has more than doubled.....why hasn't yours?

 

[B. Kidd]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Well,

Here we go again.

Why don't you tell us who has the wealth. Or does this mean you are going to stop whining about obstuctionist republicans.

My guess is that it is the wealthy getting a lot wealthier (but I'll let you provide the data and show me wrong).

Which is it.

Just saying it is up is up is like saying an airplane in freefall is still flying.

My own personal wealth has more than doubled.....why hasn't yours?

Then re-title the thread 'My Personal Wealth Up....(blah-blah-blah)'.

 

[rightwinger]

The Federal Reserve said Thursday that household wealth rose 1.7% in the second quarter to $81.5 trillion. Americans' stock and mutual fund portfolios gained $1 trillion. The value of their homes increased $230 billion.

 

[Mad Scientist]

OP calls it "Personal Wealth". The article is Titled "Household Wealth" yet the article itself calls it "Net Worth" and attributes it to Stock Markets and Inflated Home prices due to the Fed's QE no doubt.

Here's what the OP conveniently left out in a rather transparent attempt to show Obama in the best possible light (as always):

But the wealth gains are flowing mainly to affluent Americans. Broad stock market averages have jumped more than 150% from their trough in the spring of 2009. But roughly 10% of households own about 80% of stocks.

Fed Chair Janet Yellen highlighted the dearth of assets for lower- and middle-income families in a speech Thursday. She noted that the bottom fifth of American households had a median net worth of just $6,400 in 2013. Many had no or negative net worth. The next fifth had a median net worth of just $27,900.

1/5th plus 1/5th equals 2/5ths or 40%.

So 40% of Americans lives are suckin', the Rich get Richer and the OP thinks that's just great as long as there's a Black man in the White House.

 

[Tom Sweetnam]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Yea, I was just ruminating about that awhile back. I know that wealth has risen in my humble abode by several trillion.

 

[kaz]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Is this your way of letting us know you are getting ready to plunder us again?

 

[The Rabbi]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Well,

Here we go again.

Why don't you tell us who has the wealth. Or does this mean you are going to stop whining about obstuctionist republicans.

My guess is that it is the wealthy getting a lot wealthier (but I'll let you provide the data and show me wrong).

Which is it.

Just saying it is up is up is like saying an airplane in freefall is still flying.

My own personal wealth has more than doubled.....why hasn't yours?

That's because you found a dollar in the street.

In reality the wealthy are doing fine. The poor are doing fine.
The middle class is getting fucked.

 

[rightwinger]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Well,

Here we go again.

Why don't you tell us who has the wealth. Or does this mean you are going to stop whining about obstuctionist republicans.

My guess is that it is the wealthy getting a lot wealthier (but I'll let you provide the data and show me wrong).

Which is it.

Just saying it is up is up is like saying an airplane in freefall is still flying.

My own personal wealth has more than doubled.....why hasn't yours?

That's because you found a dollar in the street.

In reality the wealthy are doing fine. The poor are doing fine.
The middle class is getting fucked.

Rabbi

Its YOU!

You were the one predicting the eminent disaster of the Obama asministration. A collapsed economy, stagflation, runaway inflation.......mass hysteria, dogs and cats living together

Aren't you just THRILLED that you were wrong? I mean $26 trillion in added wealth. Even a Rabbi would be impressed

 

[B. Kidd]

According to the same Fed, 10% recovered nicely. It's the other 90% who will buy my pitchforks!

For 90 Of Americans There Has Been No Recovery Zero Hedge

 

[boedicca]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Obama is pwned by Wall Street.

How HopeyChangey!

 

[rightwinger]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Obama is pwned by Wall Street.

How HopeyChangey!

Damn boe....

Sounds like you are rooting for the economy to fail
$26 trillion and you sitting there with a sour puss

 

[boedicca]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Obama is pwned by Wall Street.

How HopeyChangey!

Damn boe....

Sounds like you are rooting for the economy to fail
$26 trillion and you sitting there with a sour puss

No, I just don't see how printing $7T of Debt and the Zero Interest Rate policy make for a healthy economy.

We have a Fed Fueled bubble...and those always end so well....not.

 

[Pennywise]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Well,

Here we go again.

Why don't you tell us who has the wealth. Or does this mean you are going to stop whining about obstuctionist republicans.

My guess is that it is the wealthy getting a lot wealthier (but I'll let you provide the data and show me wrong).

Which is it.

Just saying it is up is up is like saying an airplane in freefall is still flying.

My own personal wealth has more than doubled.....why hasn't yours?

When your starting point is $200 cash and a box of old Hustler mags under your bed in Mommy's basement, things can only improve.

 

[The Rabbi]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Well,

Here we go again.

Why don't you tell us who has the wealth. Or does this mean you are going to stop whining about obstuctionist republicans.

My guess is that it is the wealthy getting a lot wealthier (but I'll let you provide the data and show me wrong).

Which is it.

Just saying it is up is up is like saying an airplane in freefall is still flying.

My own personal wealth has more than doubled.....why hasn't yours?

That's because you found a dollar in the street.

In reality the wealthy are doing fine. The poor are doing fine.
The middle class is getting fucked.

Rabbi

Its YOU!

You were the one predicting the eminent disaster of the Obama asministration. A collapsed economy, stagflation, runaway inflation.......mass hysteria, dogs and cats living together

Aren't you just THRILLED that you were wrong? I mean $26 trillion in added wealth. Even a Rabbi would be impressed

Imminent.
And it happened. The real UE rate is over 12%. It looks low because all the people dropping out of the workforce. And no, that wasnt baby boomers retiring. That was 25-52 yr old workers leaving and not coming back.
Growth is sub 3%, which is well below norm. Inflation is picking up. Check the price of food lately? I realize since you are on food stamps it doesnt matter much to you But people who actually pay for food are concerned. The stock market is up, as noted many times, only because of the fed's zero interest rate polciy, which has punished middle class people, esp those on fixed incomes.
It is a disaster. Only an idiot wouldnt see that. Oh wait, you are one.

 

[Manonthestreet]

and yet somehow govt pension funds are even more underfunded........

 

[R.D.]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Well,

Here we go again.

Why don't you tell us who has the wealth. Or does this mean you are going to stop whining about obstuctionist republicans.

My guess is that it is the wealthy getting a lot wealthier (but I'll let you provide the data and show me wrong).

Which is it.

Just saying it is up is up is like saying an airplane in freefall is still flying.

My own personal wealth has more than doubled.....why hasn't yours?

Slacker, mine quadrupled

 

[Rocko]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Another thread about you giving credit to Obama for the stock market, huh? If not for the market retracing after the bank crisis, having no interests rates over the past 8 years, and numerous rounds of fed pumping, you wouldnt have your talking point. The fact of the matter is you can't point to anything Obama has done to better the market. Everybody who makes a living in the stock market hates obama.

 

[Yurt]

Household wealth rises 1.7 to record level

Personal wealth which had dropped $13.2 trillion under former president Bush has increased $26 trillion under the Obama administration to a record $81.5 trillion

Well,

Here we go again.

Why don't you tell us who has the wealth. Or does this mean you are going to stop whining about obstuctionist republicans.

My guess is that it is the wealthy getting a lot wealthier (but I'll let you provide the data and show me wrong).

Which is it.

Just saying it is up is up is like saying an airplane in freefall is still flying.

My own personal wealth has more than doubled.....why hasn't yours?

$10 isn't much to brag about....