uh,ooh Obama is in trouble again. Speeches are not working

[skookerasbil]

Oh.............almost forgot............its,


DISAPPROVAL RATE update time............................

 

[skookerasbil]

 

[rightwinger]

After losing $10 Trillion in peronal wealth in the last year of Bush, Americans personal wealth is rebounding

Americans are $2 trillion wealthier
Soaring stock market boosts household net worth for the first time since the fall of 2007. Real estate holdings rise in value too.
feed://rss.cnn.com/rss/money_topstories.rss
See all CNNMoney.com RSS FEEDS (close) By Tami Luhby, CNNMoney.com senior writer
Last Updated: September 17, 2009: 3:52 PM ET


NEW YORK (CNNMoney.com) -- Finally!

After nearly two years of declines, the net worth of Americans rose by $2 trillion to an estimated $53.1 trillion in the second quarter compared with the first three months of the year.

The soaring stock market accounted for much of the gain. Stock holdings rose by 22% to $6.3 trillion, while mutual funds' value jumped 15% to $3.7 trillion, according to a Federal Reserve report released Thursday.

To be sure, these are not exactly flush times for many people. Unemployment stands at 9.7%, the highest level in 26 years. And many people have yet to see their home values and portfolios recover from their recent trouncing.

Since only half of Americans own stocks, with even fewer having significant holdings, only a narrow group of people benefited from Wall Street's springtime gains. The Dow Jones industrial average and the Nasdaq had their best performances since 2003 and the broader S&P 500 since 1998.

Homeowners, who make up about two-thirds of the population, also saw a little relief. Real estate rose in value for the first time since the end of 2006, climbing 2% to $18.3 trillion.
Still, Americans have a long way to go before they recover the wealth they once had. U.S. net worth peaked at $65.3 trillion in the third quarter of 2007. That's 18.7% higher than the current level.

Much of the nation's wealth had been tied to the recent booms in the housing market and on Wall Street. At the end of 2006, Americans' homes were valued at nearly $22 trillion.

And in the following year, their stock holdings topped out at $10.2 trillion and their mutual fund portfolio at $4.9 trillion.

Thursday's report is not likely to prompt consumers to resume spending, said Scott Hoyt, senior director of consumer economics at Moody's Economy.com. Wealth is still down $12 trillion from its peak and many people may see the recent increase as a blip.

"Consumers are still focused on how much wealth they've lost," Hoyt said. "They still likely see themselves in a good-size hole."

Less debt
At the same time, consumers continue to pay off their bills. Household debt shrunk by an annual rate of 1.7% in the second quarter, the fourth consecutive decline. Debt loads had never contracted until the current downturn.

Businesses are also pulling back on the debt they carry. Debt contracted at an annual rate of 1.8%, the second decline in a row.

Governments, however, are loading up on debt as they try to prop up the economy. Federal government debt ballooned 28.2%, the fourth straight increase, while state and local governments increased their debt levels by 8.3%.

 

[skookerasbil]

Hmmm...........well here it is in black and white from one of the few economists that predicted to the T the financial collapse............William White, Chief Economist at the Bank for International Settlements...............

FT.com / Global Economy - Economist warns of double-dip recession



ummmmmm...............not so rosy a picture as the k00ks on these forums like to portray. In fact, read the article = things look pretty fcukking bleak!!!


sorry s0n..............

 

[rightwinger]

The right wing whines about the impending doom because President Obama raised the debt $2 Trillion

Did they whine when Americans lost $10 Trillion in personal wealth under Bush?

The economic recovery since TARP and Stimulus has already returned $2 Trillion in personal wealth to Americans

 

[Dr.House]

The right wing whines about the impending doom because President Obama raised the debt $2 Trillion

Did they whine when Americans lost $10 Trillion in personal wealth under Bush?

The economic recovery since TARP and Stimulus has already returned $2 Trillion in personal wealth to Americans

I'm sure that means a lot to all the recently unemployed...

No job, but hey the stock market is up so all the supposedly evil, greedy, rich corporations are getting richer... Cool, huh?

 

[Ame®icano]

The right wing whines about the impending doom because President Obama raised the debt $2 Trillion

Did they whine when Americans lost $10 Trillion in personal wealth under Bush?

The economic recovery since TARP and Stimulus has already returned $2 Trillion in personal wealth to Americans

I am not a right wing, but I did whine every time government reach into my pocket.

Now, those $10T lost... You're saying: But BOOOSH, and I am saying: But Clint0n!

 

[Dr Grump]

I'm sure that means a lot to all the recently unemployed...

No job, but hey the stock market is up so all the supposedly evil, greedy, rich corporations are getting richer... Cool, huh?

Yeah, it's all Obama's fault those rich bastards and Lehman Bros and AIG yadda, yadda, yadda, almost made your country bankrupt. After all, everybody knows that those CEOs making $10 million salaries plus that again in bonuses are diehard Dems.....

 

[oreo]

Daily Presidential Tracking Poll - Rasmussen Reports™

Maybe he should try staying off the television because the more he talks about this plan the further he drops in the polls.

Obama was booed today at a town hall meeting. Americans are getting very weary of all the speeches. Obama has given more speeches to-date than the number of days he has been President. The other day 4 speeches in one single day. The perfectly pronounced speeches are no longer working.

 

[Ame®icano]

 

[oreo]

I'm sure that means a lot to all the recently unemployed...

No job, but hey the stock market is up so all the supposedly evil, greedy, rich corporations are getting richer... Cool, huh?

Yeah, it's all Obama's fault those rich bastards and Lehman Bros and AIG yadda, yadda, yadda, almost made your country bankrupt. After all, everybody knows that those CEOs making $10 million salaries plus that again in bonuses are diehard Dems.....

DITTO--
Who enabled them to do that? The government did--when they deregulated the industry back in the 1990's.

To add--it was our new treasury secretary Timothy Geithner--that told Criss Dodd to stick in the 787 BILLION dollar stimulus bill 64 MILLION to AIG for executive bonuses--plus another 200+ MILLION for Fannie/Freddie bonuses--that glory be--WE GET TO PAY FOR--& after they bankrupted this country. Democrats made this mess with their handling of Fannie/Freddie--who decided to co-sign our names to 50% of the mortgages in this country while at the same time lowering lending requirements.

Let's not be swating Wall Street--it's our government who is soley to blame for this current economic collapse.

 

[Dr Grump]

Obama was today at a town hall meeting. Americans are getting very weary of all the speeches. Obama has given more speeches to-date than the number of days he has been President. The other day 4 speeches in one single day. The perfectly pronounced speeches are no longer working.

At least he's talking to people and not having a month's holiday.....

 

[Dr Grump]

Who enabled them to do that? The government did--when they deregulated the industry back in the 1990's.

Er, no, Raygun deregulated the industry in 1982.....

http://www.nytimes.com/2009/06/01/opinion/01krugman.html

 

[Xenophon]

BO will be on 5 shows sunday, and letterman again on monday.

A guy with tons of support would not being doing it.

Barry and his plan are doing a mighty fine Titanic impersonation.

 

[DiveCon]

Who enabled them to do that? The government did--when they deregulated the industry back in the 1990's.

Er, no, Raygun deregulated the industry in 1982.....

http://www.nytimes.com/2009/06/01/opinion/01krugman.html

and more was done in the 90's

 

[Dr.House]

I'm sure that means a lot to all the recently unemployed...

No job, but hey the stock market is up so all the supposedly evil, greedy, rich corporations are getting richer... Cool, huh?

Yeah, it's all Obama's fault those rich bastards and Lehman Bros and AIG yadda, yadda, yadda, almost made your country bankrupt. After all, everybody knows that those CEOs making $10 million salaries plus that again in bonuses are diehard Dems.....

No, No sir... All corporations are owned by evil, money-hungry conservatives - everyone knows that.... Sure there are outliers, like George Soros and Bill Gates and Ben & Jerry and, well, you see what I mean... Outliers...

0bama is not to be blamed for any of this... Gorge Booooosh and his cronies are the sole cause... It matters not that the current President is expanding the debt and printing extra money... Those things are what is turning this country back on it's head again, yes sir... The value of the dollar is unimportant now... We can always just print some more up if we run out!

Yep, thinks are going great!

 

[Dr Grump]

http://www.nytimes.com/2009/06/01/opinion/01krugman.html
and more was done in the 90's

True...but both parties took part...Clinton, Republicans agree to deregulation of US financial system

 

[Dr Grump]

No, No sir... All corporations are owned by evil, money-hungry conservatives - everyone knows that.... Sure there are outliers, like George Soros and Bill Gates and Ben & Jerry and, well, you see what I mean... Outliers...

0bama is not to be blamed for any of this... Gorge Booooosh and his cronies are the sole cause... It matters not that the current President is expanding the debt and printing extra money... Those things are what is turning this country back on it's head again, yes sir... The value of the dollar is unimportant now... We can always just print some more up if we run out!

Yep, thinks are going great!

So what does that tell you about the US's great Capitalist experiment? Not exactly a ringing endorsement is it? Your sarcasm aside, most CEOs would vote repub, and it is always the repubs pushing for deregulation and less govt. And this is what happens when they get free reign. I'm sure Gordon Gecko is a hero to most repubs.

Interestingly - and more worrying - is that a Harvard economics prof who specialises in Wall St was on the giggle box down here two nights ago. He says NOTHING has changed on Wall St, and that the CEOs have basically told Geintner (sp?) etc to go fuck themselves. When the interviewer asked the prof the reasons for the lack of introspection by these CEOs, his one word answer was "greed"....

The US has shown that rampant capitalism is an outright failure...

 

[oreo]

Oh.............almost forgot............its,


DISAPPROVAL RATE update time............................

Here's the statement in the article--so the liberals on this board can read it--

Those perfectly pronounced speeches are no longer working.

"Overall, 47% of voters say they at least somewhat approve of the President's performance. Fifty-two percent (52%) now disapprove."

 

[Centrism'sVoice]

And the minute those numbers turn around, which they always do, you very same clowns are going to say (again) that you don't believe in polls.