Personal Wealth Up $26 Trillion Under Obama

[Vigilante]

Damn, they forgot Warren Buffett!

 

[LoneLaugher]

USMB nutters have been predicting the collapse of the economy and massive job losses for 6 years now. Obama must be a fucking genius! He has figured out a way to stave off collapse for his entire term in office! All with QE and smoke and mirrors! Amazing.

 

[LoneLaugher]

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.

Now we are talk'n

Nothing gets folks screaming for wealth redistribution like attributing that wealth to Obama

So we got $26 trillion in new wealth out there. Really can't claim the rich are hurting. Should we raise capital gains or income taxes first?

Both just went up astronomically. You want to raise them more?? WIF is wrong with you??

They did? When? Who told you that?

 

[Mac1958]

.

That was one fucked up Meltdown.

We're still damaged, but a foundation is there, fingers crossed.

.

 

[bigrebnc1775]

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

And in other news record number on food stamps 92 million Americans not working, Black unemployment rate up at 13%.
Who said obama wasn't friends with the 1% crowd

 

[rightwinger]

USMB nutters have been predicting the collapse of the economy and massive job losses for 6 years now. Obama must be a fucking genius! He has figured out a way to stave off collapse for his entire term in office! All with QE and smoke and mirrors! Amazing.

All from the worst president in history. An unquestioned failure

 

[LoneLaugher]

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.

Now we are talk'n

Nothing gets folks screaming for wealth redistribution like attributing that wealth to Obama

So we got $26 trillion in new wealth out there. Really can't claim the rich are hurting. Should we raise capital gains or income taxes first?

Both just went up astronomically. You want to raise them more?? WIF is wrong with you??

$26 trillion in additional wealth and we can't expect the beneficiaries to carry more of the load.

WTF is wrong with you?

Not everyone has a house or is invested in the stock market. What about wages? Wage growth has barley kept pace with inflation. I guess those people are fucked, huh?

Thank Ronnie for that. Someone wants to raise the minimum wage.....and it ain't YOU!

 

[LoneLaugher]

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

And in other news record number on food stamps 92 million Americans not working, Black unemployment rate up at 13%.
Who said obama wasn't friends with the 1% crowd

The economy is improving. Doesn't it suck for you?

Didja see today's numbers for new unemployment applications? Lowest since before the Bush recession.

 

[Uncensored2008]

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

I've never met a Communist on the Interwebz who was not fabulously wealthy....

 

[Rocko]

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.

Now we are talk'n

Nothing gets folks screaming for wealth redistribution like attributing that wealth to Obama

So we got $26 trillion in new wealth out there. Really can't claim the rich are hurting. Should we raise capital gains or income taxes first?

Both just went up astronomically. You want to raise them more?? WIF is wrong with you??

They did? When? Who told you that?

Capital gains taxes went from 15% to 28% and income tax of the top marginal ratest went from 35% to 39.6%. Yeah I know he didn't raise income taxes, he let the tax cuts expire, but it amounts to the same thing.

 

[bripat9643]

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

I've never met a Communist on the Interwebz who was not fabulously wealthy....

His 401K went from $10 to $20.

 

[Vigilante]

"Stocks Are More Crash-Prone Than Ever," Fleckenstein Slams "Fed's Idiot Policies"
Submitted by Tyler Durden on 09/18/2014 - 15:56
Infamous short-seller Bill Fleckenstein left a CNBC anchor questioning her faith in the status quo in this brief interview. As she pestered him with questions about 'missing out on the rally', Fleckenstein snapped back "so what? I don't care, it doesn't matter" asking rhetorically "when the market declines, how fast will it all be taken away from you?" Fleckenstein warned "I don't think we will get through October without some accident," adding that "the stock market is more crash-prone than ever." When pressed again about sitting on the sidelines, Fleckenstein rebukes, "if you want to pursue idiots like the Fed doing crazy policies, and if you think you can get out in time, go for it. I don't want to try to do that."

 

[Manonthestreet]

Just a small heads up....been reading that if Scotland secedes all of the derivatives on UK sovereign debt trigger under a reorganization clause in them.

 

[LoneLaugher]

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.

Now we are talk'n

Nothing gets folks screaming for wealth redistribution like attributing that wealth to Obama

So we got $26 trillion in new wealth out there. Really can't claim the rich are hurting. Should we raise capital gains or income taxes first?

Both just went up astronomically. You want to raise them more?? WIF is wrong with you??

They did? When? Who told you that?

Capital gains taxes went from 15% to 28% and income tax of the top marginal ratest went from 35% to 39.6%. Yeah I know he didn't raise income taxes, he let the tax cuts expire, but it amounts to the same thing.

Astronomical? Not.

Long term cap gains are not 28%. Please..........full disclosure.

 

[Rocko]

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):

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.

Now we are talk'n

Nothing gets folks screaming for wealth redistribution like attributing that wealth to Obama

So we got $26 trillion in new wealth out there. Really can't claim the rich are hurting. Should we raise capital gains or income taxes first?

Both just went up astronomically. You want to raise them more?? WIF is wrong with you??

They did? When? Who told you that?

Capital gains taxes went from 15% to 28% and income tax of the top marginal ratest went from 35% to 39.6%. Yeah I know he didn't raise income taxes, he let the tax cuts expire, but it amounts to the same thing.

Astronomical? Not.

Long term cap gains are not 28%. Please..........full disclosure.

I don't invest for long term so I don't care. The point is I made a claim they went up a lot and they did.

 

[rightwinger]

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.

Now we are talk'n

Nothing gets folks screaming for wealth redistribution like attributing that wealth to Obama

So we got $26 trillion in new wealth out there. Really can't claim the rich are hurting. Should we raise capital gains or income taxes first?

Both just went up astronomically. You want to raise them more?? WIF is wrong with you??

They did? When? Who told you that?

Capital gains taxes went from 15% to 28% and income tax of the top marginal ratest went from 35% to 39.6%. Yeah I know he didn't raise income taxes, he let the tax cuts expire, but it amounts to the same thing.

Shit....and we still saw a $26 trillion increase in personal wealth

Expiring the Bush tax cuts didn't bring about the end of the world.....did it?

 

[Uncensored2008]

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

I've never met a Communist on the Interwebz who was not fabulously wealthy....

His 401K went from $10 to $20.

I'll bet if you press him he'll claim to be worth millions.

 

[Rocko]

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):

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.

Now we are talk'n

Nothing gets folks screaming for wealth redistribution like attributing that wealth to Obama

So we got $26 trillion in new wealth out there. Really can't claim the rich are hurting. Should we raise capital gains or income taxes first?

Both just went up astronomically. You want to raise them more?? WIF is wrong with you??

They did? When? Who told you that?

Capital gains taxes went from 15% to 28% and income tax of the top marginal ratest went from 35% to 39.6%. Yeah I know he didn't raise income taxes, he let the tax cuts expire, but it amounts to the same thing.

Shit....and we still saw a $26 trillion increase in personal wealth

Expiring the Bush tax cuts didn't bring about the end of the world.....did it?

No, but it's not good for the country long term.

 

[Harry Dresden]

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

History will be kind to President Obama. He has certainly been good for my personal wealth.

but those who havent been so fortunate?.....will history take them into account too?...

 

[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

And in other news record number on food stamps 92 million Americans not working, Black unemployment rate up at 13%.
Who said obama wasn't friends with the 1% crowd

Great point!

$26 trillion would pay for a lot of long deferred public works projects

How bout we put those people back to work? You in?