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You're 50% Poorer

Posted: Thu Jul 10, 2014 4:31 am
by snakeoil
In the past 14 years your real spendable income has dropped about 50%. There are many factors and this article does a good job of explaining this. This is 8 years under Bush and 6 years under Obama. (Am I to infer that there is really no difference in politicians?) Read the entire article.

http://www.economicnoise.com/2014/07/07/feel-poorer/" onclick="window.open(this.href);return false;

Re: You're 50% Poorer

Posted: Thu Jul 10, 2014 7:40 am
by RealJustme
WOW, what happened in 2008? The chart shows that's when incomes plunged and have been dropping since.

Re: You're 50% Poorer

Posted: Thu Jul 10, 2014 8:32 am
by johnforbes
Just a day or so ago, a Fed official said, in essence, there's no inflation.

I agree, unless you buy gas, or heating oil, or propane, or coffee, or pay a cable TV bill, or a cable Internet bill, or buy any article of clothing, or pretty much any food item...

Re: You're 50% Poorer

Posted: Thu Jul 10, 2014 8:37 am
by Clownkicker
"WOW, what happened in 2008?"-RealTool

In 2007 W. Bush started the policy of printing money to the tune of $1 trillion dollars a year because of the Bush financial collapse.
The effect of this inflationary policy began to be felt in 2008.

Why, what did you think it was?

Re: You're 50% Poorer

Posted: Thu Jul 10, 2014 9:12 am
by johnforbes
Clownhicker's postings are precisely 50% poorer in content quality than they were years ago.

Sadly, even back then Clownhicker's posts were silly and leftist.

Re: You're 50% Poorer

Posted: Thu Jul 10, 2014 9:27 am
by snakeoil
Oh my. It seems that our members have forgot that we invaded Iraq and afghanistan without funding those wars. It seems that our members have forgot that the prescription drug plan was unfunded and the tax breaks for the rich were unfunded. No funding? Don't worry about it! We can always borrow the money. Our citizens don't worry about paying the principle and a bit of interest. Of course, you can't raise taxes to pay back the principle and interest or the people will bitch. Just run the money printing presses a bit faster, no one will notice that we just cheapened the dollar.

Of course, doing away with the Glass-Stegal Act that allowed the crisis of 2008 to happen (and wiped out many trillions of dollars of wealth) had nothing to do with the ness we are in.

Re: You're 50% Poorer

Posted: Thu Jul 10, 2014 2:07 pm
by RealJustme
Oh my. It seems that our members have forgot that we invaded Iraq and afghanistan without funding those wars.
That would have been against the law, Congress did in fact vote for those war and fully funded them.
It is important to remember that it was not just those in the Bush White House who voted for the Iraqi war and the funding, but leading members of Congress as well, including the Democratic-controlled Senate, some of whom are now in senior positions in the Obama administration. John Kerry, Joe Biden, Harry Reid and other leading Democratic supporters of the war led the charge and "ordered" President Bush to pursue the war they voted into law.

Re: You're 50% Poorer

Posted: Thu Jul 10, 2014 5:53 pm
by Clownkicker
And johnforbes still can't refute a thing I said.

If my posts are so poor, imagine what john's intelligence level must be to be unable to refute any of them.

Re: You're 50% Poorer

Posted: Thu Jul 10, 2014 6:14 pm
by johnforbes
Clownhicker must accept my humble apology for my failure to read his posts.

Surely, had I the time, my green eyes would have been dazzled by Clownhicker's Einsteinian brilliance.

But vita brevis.

Re: You're 50% Poorer

Posted: Thu Jul 10, 2014 6:24 pm
by Grog
Ah, the ruffle of taffeta and the preening prance of typing with a discernible lisp of effete and effeminate effrontery can only mean Forbes is in the house once again seeking out JustFreedManMe's minuscule scepter to validate their co-rule of the clueless conservative cadre.

Re: You're 50% Poorer

Posted: Thu Jul 10, 2014 10:05 pm
by sillydaddy
Someone replace grog's battery....it left him with his hand in a kung fu grip on his cock and at half jerk.

Re: You're 50% Poorer

Posted: Fri Jul 11, 2014 4:50 am
by snakeoil
Justme-The wars in Iraq and Afghanistan were authorized by Congress and were in the budget. But, no new or reaportioned funds were available for the wars. We borrowed the money on the biggest credit card in the world.

Here's an inquiry into th total costs and impacts of the wars if you're interested.

http://fas.org/sgp/crs/natsec/RL33110.pdf" onclick="window.open(this.href);return false;

Re: You're 50% Poorer

Posted: Fri Jul 11, 2014 7:53 am
by Clownkicker
"His Lorship must accept my humble apology for my failure to read his posts.
Surely, had I the time, my green eyes would have been dazzled by Clownhicker's Einsteinian brilliance.
But vita brevis."-dimwit

See? When johnforbes is intellectually impotent to refute a thing I say, he hides behind his idea of wit in which he admits he's either lying or else he's completely ignorant of what he's criticizing in my posts.

So his idea of wit is to say "Yuck, yuck, I'm ignorant of what I'm talking about."
Trust me, johnforbes, that's old news.

Yeah, RealTool, johnforbes I'm supposed to "try and match wits" with this witless buffoon. :lol:

Re: You're 50% Poorer

Posted: Fri Jul 11, 2014 8:13 am
by RealJustme
Yeah, RealTool, johnforbes I'm supposed to "try and match wits" with.
I'm not sure why you keep trying, you must be a masochist because you certainly enjoy being humiliated.

Re: You're 50% Poorer

Posted: Fri Jul 11, 2014 8:15 am
by Clownkicker
^^^^^^One liar supports another liar. What are the odds?

Re: You're 50% Poorer

Posted: Fri Jul 11, 2014 8:17 am
by Clownkicker
And of course he does it with a made up quotation, which is typical for this clown RealTool.

Re: You're 50% Poorer

Posted: Fri Jul 11, 2014 9:23 am
by johnforbes
50 percent of Clownhicker's posts are 100 percent dumber than anybody anticipated.

Re: You're 50% Poorer

Posted: Fri Jul 11, 2014 10:12 am
by Clownkicker
How would you know since you don't read them, johnny?


What is it with these reactionaries who must lie to make their points?

Re: You're 50% Poorer

Posted: Fri Jul 11, 2014 10:18 am
by RealJustme
What is it with these reactionaries who must lie to make their points?
:roll: Confession is good for the soul, I'm sure you now feel better clown.

Re: You're 50% Poorer

Posted: Fri Jul 11, 2014 2:13 pm
by johnforbes
It is true that I don't read Clownhicker's posts.

Vita is just too brevis for that.

However, I have a staffer assigned to peruse Clownhicker's postings, and his report is that Clown's posts are 100 percent dumb.