Class envy, or just realism?

[xxl]

Pew Research Center released this study of how Americans have fared over the last decade. Some excerpts:

"...for the first time since the end of World War II, mean family incomes declined for Americans in all income tiers."

"For the half century following World War II, American families enjoyed rising prosperity in every decade—a streak that ended in the decade from 2000 to 2010, when inflation-adjusted family income fell for the middle income as well as for all other income groups, according to U.S. Census Bureau data. "




"The net worth of middle-income families—that is, the sum of assets minus debts—also took a hit during the past decade, according to data for 2001 to 2010 from the Federal Reserve’s Survey of Consumer Finances. Median net worth fell 28%, to $93,150, erasing two decades of gains."



"Over the 1983 to 2010 period, only upper-income families registered strong increases in wealth."

More here:


http://www.pewsocialtrends.org/2012/...-middle-class/

[NJBiker72]

Pew Research Center released this study of how Americans have fared over the last decade. Some excerpts:

"...for the first time since the end of World War II, mean family incomes declined for Americans in all income tiers."

"For the half century following World War II, American families enjoyed rising prosperity in every decade—a streak that ended in the decade from 2000 to 2010, when inflation-adjusted family income fell for the middle income as well as for all other income groups, according to U.S. Census Bureau data. "




"The net worth of middle-income families—that is, the sum of assets minus debts—also took a hit during the past decade, according to data for 2001 to 2010 from the Federal Reserve’s Survey of Consumer Finances. Median net worth fell 28%, to $93,150, erasing two decades of gains."



"Over the 1983 to 2010 period, only upper-income families registered strong increases in wealth."

More here:


http://www.pewsocialtrends.org/2012/...-middle-class/

So. Over the last few years Obama has cut middle income wealth nearly in half.

What can he do with 4 more years??

[bahueh]

So. Over the last few years Obama has cut middle income wealth nearly in half.

What can he do with 4 more years??

yep, I'm sure the housing price market correction had nothing to do with it.

let me guess, all those pesky regulations that the middle class had to endure? nope that's not it.

must be higher taxes then!! oh, wait....

[NJBiker72]

yep, I'm sure the housing price market correction had nothing to do with it.

let me guess, all those pesky regulations that the middle class had to endure? nope that's not it.

must be higher taxes then!! oh, wait....

Of course. And it has rebounded so well under Obamanonics.

[bahueh]

Of course. And it has rebounded so well under Obamanonics.

got it, so folks like you think a problem 25+ years in the making should be corrected and all made right and back to its fake, inflated bubble in less than 4....of course....

[Snakebit]

got it, so folks like you think a problem 25+ years in the making should be corrected and all made right and back to its fake, inflated bubble in less than 4....of course....

The man said he could and would fix it. All of it.

[bahueh]

The man said he could and would fix it. All of it.

and he is...slowly and properly.....but although aside from signing the appropriate legislation, he's got very little to do with it.

nice try Snakey.

[xxl]

So. Over the last few years Obama has cut middle income wealth nearly in half.

What can he do with 4 more years??

Do you have a source for that?

My figures apply to a broader timeframe; essentially bookending the Bush administration. If you'd examined the study, you'd have found that the Great Recession, which gets the lion's share of the credit for evaporation of middle-class wealth, occurred from 2007-2009, during the Bush years.

Another way of saying it: clear evidence of Republican policy results.

[RTSO2112]

Do you have a source for that?

Counto down to Fox-type link in 5, 4, 3......

[SwiftSolo]

So. Over the last few years Obama has cut middle income wealth nearly in half.

What can he do with 4 more years??

He will make it fair by reducing everyones' net worth to the level of the poorest group. That is what is meant by "making sure the wealthiest pay their fair share". Do understand that "a falling tide lowers all boats" and that everything he does moves us closer to his goal of low tide..

[Snakebit]

and he is...slowly and properly.....but although aside from signing the appropriate legislation, he's got very little to do with it.

nice try Snakey.

Hey, if the exterminator says he is killing bugs it helps if you can see a few of them scattered around with their legs in the air.

[NJBiker72]

He will make it fair by reducing everyones' net worth to the level of the poorest group. That is what is meant by "making sure the wealthiest pay their fair share". Do understand that "a falling tide lowers all boats" and that everything he does moves us closer to his goal of low tide..

Exactly. You can always make people equal by reducing everyone to the lowest common denominator.

[NJBiker72]

Do you have a source for that?

My figures apply to a broader timeframe; essentially bookending the Bush administration. If you'd examined the study, you'd have found that the Great Recession, which gets the lion's share of the credit for evaporation of middle-class wealth, occurred from 2007-2009, during the Bush years.

Another way of saying it: clear evidence of Republican policy results.

You posted it. Check your own link. Bush was president in 2009? Hmm. This must be the new Obama strategy. Extend the Bush term. Blame Bush.

Creative.

[bahueh]

Hey, if the exterminator says he is killing bugs it helps if you can see a few of them scattered around with their legs in the air.

all of my friends who lost their jobs in 2008 and 09 are all back to work in prosperous new jobs. many of my friends are new home owners since the price correction.

if you put on your prescription glasses, maybe you'll see the dead bugs a little better....it helps to actually look for them.

[RTSO2112]

You posted it. Check your own link. Bush was president in 2009? Hmm. This must be the new Obama strategy. Extend the Bush term. Blame Bush.

Creative.

Obama took over on exactly Jan 20, 2009....so, yes, Bush was President in 2009.

Civics 101.

But, but, but, Clinton...

[Fireform]

The 2009 budget was signed into law by Bush months before Obama took office. Also Civics 101.

[RTSO2112]

The 2009 budget was signed into law by Bush months before Obama took office. Also Civics 101.

....and, I am sure....like all Presidents before him, Bush was very busy signing all kinds of "legislation" and the like in those last few weeks!

[NJBiker72]

Obama took over on exactly Jan 20, 2009....so, yes, Bush was President in 2009.

Civics 101.

But, but, but, Clinton...

Good point. All of the fault can be traced to those 19 days.

Democrat Blame Game 101.

[den bakker]

Good point. All of the fault can be traced to those 19 days.

Democrat Blame Game 101.

figure shows data for a decade together. Blanked claim is made everything bad within the decade is in a year bin. no evidence provided but manages conveniently to have people bickering over a 19 day period instead.
Well done. Skills learned in the banking sector?

[NJBiker72]

figure shows data for a decade together. Blanked claim is made everything bad within the decade is in a year bin. no evidence provided but manages conveniently to have people bickering over a 19 day period instead.
Well done. Skills learned in the banking sector?

And the endpoint is Obama's failed administration. Normally we rebound after recessions. Both parties are to blame for the housing crisis which is all the chart shows. But Obama owns this economy now. Time to stop blaming everyone else.

[xxl]

You posted it. Check your own link. Bush was president in 2009? Hmm. This must be the new Obama strategy. Extend the Bush term. Blame Bush.

Creative.

Actually, Bush was President in 2009, for about three weeks. And unless you think that policies are immediately effective throughout the nation the second the Chief Justice finishes administering the presidential oath, you can figure that the nation was suffering through a Bush hangover for awhile after the 2009 inauguration.

And of course there's that decline in income and wealth that occurred during the eight years Bush was in power, mentioned in my post and the link shown.

Hmm indeed.

"Creative" is taking a decade's results, and attributing them to the guy who covered the one-fifth at the end, while ignoring the guy who handled the four-fifths at the beginning (and got us into two wars, blew up the budget, etc.)

Of course, that's not a new strategy; Fox has been doing it for years.

[Snakebit]

all of my friends who lost their jobs in 2008 and 09 are all back to work in prosperous new jobs. many of my friends are new home owners since the price correction.

if you put on your prescription glasses, maybe you'll see the dead bugs a little better....it helps to actually look for them.

How large a circle of friends do you have and how many of them were out of work?

[gus68]

unfortunately both sides ***** at each other (like this) and nothing gets done. The weathly, through lower taxes over the last 20 years and higher pay, have out gained every other class by a ton. CEOs made 40x the average worker in 1960, now its 400x, all the while their tax rates have come down. We all talk about small business, well those guys make up about 3% of the top 1%, most are corporate guys etc...

[bahueh]

How large a circle of friends do you have and how many of them were out of work?

I thought this was about the evidence you do and do not choose to look at?