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Your opinion is based on partisan rhetoric and not valid economic analysis. Hence, it will be taken with a grain of salt.
As soon as Obamacare is fully implemented and Americans have LESS access to healthcare, we'll some bad results.
Your opinion is based on partisan rhetoric and not valid economic analysis. Hence, it will be taken with a grain of salt.
No, you have your facts wrong. By the time 1994 rolled around, Bush had already been out of office for two years.You're reading the chart wrong, it does correctly indicate Reagan-Bush until 1994. The tick mark is for 1995.
A heavily indebted society is more likely to pay down debt with windfall proceeds. This can be observed by the Bush tax cuts throughout the 2000's. When Americans lose $15 trillion in net wealth, it is hard to believe they will alter their consumption patterns in a way that circumvents an economic downturn.
Yes it would have worked.I might not be understanding exactly what you are trying to convey. You don't think my $10K Visa card plan would hav worked? Remember, you couldn't use it as cah, so you couldn't make your payments with it. It would only be useful if you bought something.
The housing bubble really distorted everything. People borrowed against their new paper wealth only to have the wealth evaporate. Now, they are playing catch-up.
My bad.No, you have your facts wrong. By the time 1994 rolled around, Bush had already been out of office for two years.
I might not be understanding exactly what you are trying to convey. You don't think my $10K Visa card plan would hav worked? Remember, you couldn't use it as cah, so you couldn't make your payments with it. It would only be useful if you bought something.
I find it a bit ominous that they (the USG) even has this information. How do they know what I'm worth? Did they scan my bank accounts, value my car, list my real estate, check my credit card balances, review any loans I might have and then use that information to average me out with all you guys. Where is all that information? Of course, they know what we earn (unless we don't tell them) but all the rest of this data?
usatoday tuesday, an ap story
Pew: 93% of households lost net worth 2009-11
the top 7% are 8 million households, whose avg worth grew from 2.5M to 3.2
the rest of us 93 are 111 million strong, we own 134K but we used to sit on 140
the rich are 24:1 bigger than us, 18:1 in 09
that's net worth
look at incomes
october: Under Obama, Poor, Middle Class Incomes Fall Sharply, Rich Get Richer - Investors.com
and wages? the la times reported in august that 58% of the way too few jobs created in the "obama recovery" pay between 8 and 12 dollars per hour
Majority of new jobs in recovery are low-paying, study finds - Los Angeles Times
who's lying to you?
are you sure this guy knows what he's doing?
If you believe Obama's campaign rhetoric, you know, the balance the budget stuff, and a rather lengthy list of transgressions, then perhaps you can believe McCain's, or Romney's. The point remains that you don't know whether they would have done worse, or better, or marginally the same. It's pure conjecture.I think we can make some educated guesses, at least if their campaign rhetoric is to be believed.
I pay all my bills with my American Express and/or discover, so how would you be able to stop electronic fund transfers of the consumers choice? The government would have to create an entirely new payment system that restricts payments to specific entities; a most difficult task when time is of the essence. People who were losing their homes would have little use for consumable goods outside of necessities. Telling them they can purchase a television made in China, but cannot get caught up on their mortgage or credit cards would create quite the outrage.
Just try not to think about it.
It's worse than you think.
Said it before, say it now, and will say it in 6 months--if you want to see massive economic growth in the private sector, have the fed start raising the interest rates.
Private sector? We don't need no stinkin' private sector.
We need somebody to oppress the masses since the government can't any more.
They can and they will.
Be very afraid.
the majority of the net worth decline is directly tied to depressed real estate value
Instead, they printed up a Trill or so
To jumpstart the recovery, the Fed has undertaken three rounds of so-called quantitative easing since 2008, more than tripling its balance sheet to just over $3 trillion. It is currently buying $85 billion per month of mortgage-backed securities and Treasuries.
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