More Proof To Obama's Economic Recovery
Jul 28, 2016 20:53:50 #
Just as obama's term nears it's final day's, so does evidenced of his fruits to recover America's fallen economy.
http://www.usnews.com/news/articles/2016-07-27/restaurant-recession-could-signal-tough-times-for-us-economy
http://www.usnews.com/news/articles/2016-07-27/restaurant-recession-could-signal-tough-times-for-us-economy
Jul 28, 2016 20:56:49 #
Wait till the big health care cost bumps next year.
jack sequim wa wrote:
Just as obama's term nears it's final day's, so does evidenced of his fruits to recover America's fallen economy.
http://www.usnews.com/news/articles/2016-07-27/restaurant-recession-could-signal-tough-times-for-us-economy
http://www.usnews.com/news/articles/2016-07-27/restaurant-recession-could-signal-tough-times-for-us-economy
Jul 28, 2016 22:05:16 #
missinglink wrote:
Wait till the big health care cost bumps next year.
There are several "Major " bubbles far greater than 08/09 on the (near) horizon. Combine unfunded liabilities, national debt, healthcare, petro dollar, short/long term loan defaults, the failing European /China /Japan QA all converging and to think with regret how different the economic landscape would look like had T***p w*n 08. Knowing by this time oil independence, manufacturing, trade, lower dependence on social programs, and so on.
Jul 28, 2016 22:11:52 #
missinglink wrote:
Wait till the big health care cost bumps next year.
That's assuming there are any insurers still participating..United Health, the largest in the garbage bill announced couple months back they were pulling out and starting non renewal notices...Since then 11 more have said they aren't playing anymore either...
Sooooooo, who is going to insure all these people and what will it do yet again to astronomical premiums with less coverage???
The POS who forced on everyone will be out of office is the only good thing about it..another for his history page of failures....
Maybe we won't have to worry about canning it, it's imploding on its own..
Jul 28, 2016 22:15:17 #
Babe Ruth held two records..one for home runs and another for strike outs.
The t***h NO one is admitting, we have set RECORD NUMBERS of companies going out of business and downsizing every year of Obama's Presidency.
The t***h NO one is admitting, we have set RECORD NUMBERS of companies going out of business and downsizing every year of Obama's Presidency.
Jul 28, 2016 22:34:58 #
America Only wrote:
Babe Ruth held two records..one for home runs and another for strike outs.
The t***h NO one is admitting, we have set RECORD NUMBERS of companies going out of business and downsizing every year of Obama's Presidency.
The t***h NO one is admitting, we have set RECORD NUMBERS of companies going out of business and downsizing every year of Obama's Presidency.
All time historical record of more businesses closing than opening the last 7 years.
Jul 28, 2016 22:46:58 #
lindajoy wrote:
That's assuming there are any insurers still parti... (show quote)
A couple weeks ago Humana, 5th largest, dropped Obama care in 39 states.
Jul 28, 2016 22:50:08 #
Here's why Biden's middle-class savior shtick is bullcrap
By: John Gray | July 28, 2016
Democrats, Republicans, and Independents can agree on one thing: a Hillary Clinton presidency will merely be an extension of the Obama Administration. In fact, her policies mostly reflect that.
At the Democratic Convention tonight, it has to make you wonder how in fact Biden can really try to convince the American public that the Democrats will be saviors to the middle class. The reality is that Obama’s policies are a disaster for the middle class, and Clinton’s will be, too.
Few households are growing richer; most are growing poorer.
There was one point in Obama’s presidency where the middle class was better off – and that was before he took office. It’s been downhill ever since. Nearly 85 months have passed since the recession ended, but yet, the median income in America is still 6 percent less than it was in 2007.
A recent Pew Research report titled, “The American Middle Class is Losing Ground,” paints a bleak picture for middle America. Pew researchers write, “After more than four decades of serving as the nation’s economic majority, the American middle class is now matched in number by those in the economic tiers above and below it.” Today, the middle class earns only 43 percent of the total U.S. income, the smallest share since the 1970s.
Pew’s report also notes, “[M]iddle-income Americans have fallen further behind financially in the new century... “and their median wealth (assets minus debts) fell by 28 percent from 2001 to 2013 (mostly during and after the financial crisis).”
Middle America is making less, while losing more wealth. Sounds great, huh?
Perhaps most troubling is the number of middle income families that have slid into the low-income threshold. The Washington Post highlighted this phenomenon in an article titled, “Majority of U.S. public school students are in poverty.” Yes, more children today come from low-income families. That is a fact that hasn’t been breached for more than 50 years.
A separate Pew Research analysis concluded that of the 229 U.S. metropolitan areas in the nation, 203 showed higher poverty in middle income families.
Few households are growing richer; most are growing poorer.
Take a moment to imagine the economic situation where 51 percent of all public school children in America come from homes that are eligible for federal welfare. Research shows that poor children have a higher levels of school dropout rates and fewer complete college – which leads to a repetitive cycle of poverty, substandard living, and crime.
Obama, Biden, and Clinton – they all have plenty of flashy employment statistics from the past seven years. Yet, most Americans will agree with my analysis: Americans and the middle class are hurting.
Since the recession, the middle class has been hurt the most. Fewer middle income males are working compared to the 1980s. Sadly, middle income jobs that were lost during the financial crisis never returned, but were instead replaced by low-income jobs. Even the Federal Reserve highlighted this concern, saying, “The vast majority of job losses during the recession were in middle-income occupations, and they’ve largely been replaced by low-wage jobs.”
Did you hear that in Biden’s speech? Me neither.
The Fed’s analysis concludes that most middle-income occupations were paying between $13.83 and $21.13 per hour. Yet, those jobs haven’t been recovered, as perhaps Biden thinks may happen under Clinton. They’ve been replaced by low-wage occupations that pay less than $13.83 per hour, which made up most of the job gains from 2010-2013.
This is the America that Obama has handed us. Americans today are saddled with as much credit card debt as they were prior to the financial crisis. And as early as mid 2014, 1 in 3 Americans, or 77 million, adults had their debts put into “collection.”
Middle-income wages are shrinking; wealth is deteriorating – and a larger portion of this middle-income demographic is simply leaving the “middle-class” and joining the ranks of the poor. According to the Federal Reserve, 38 million people were in poverty during George W. Bush’s last year in office. Today, there are nearly 10 million more Americans in poverty.
Will Hillary improve it? No. In fact, at best she’ll follow the path provided by Obama – a path that is wreaking havoc on the middle class. But more likely, she’ll make things far worse.
The non-partisan Committee for a Responsible Budget looked at policies offered by Clinton and concluded they would increase spending by more than $1.4 trillion. That amount of new spending would amount to a far larger amount of debt (plus interest). Furthermore, her policies will likely lead to lower growth that could lower middle class incomes by $3,000 over the next decade, and $77,500 over the next 50 years.
The facts speak for themselves; Obama has delivered nothing to the middle class. His policies of more spending, more debt, more taxes, and more regulations have failed. Obama is student of flawed economic policies, and so is Hillary Clinton. In the spirit of Ronald Reagan, perhaps this will help: “Ask yourself, ‘Are you better off now than you were four years ago (before Obama)?” For most of us, the answer is no. Obama had eight years to make us better off; we shouldn’t extend it by electing Hillary.
By: John Gray | July 28, 2016
Democrats, Republicans, and Independents can agree on one thing: a Hillary Clinton presidency will merely be an extension of the Obama Administration. In fact, her policies mostly reflect that.
At the Democratic Convention tonight, it has to make you wonder how in fact Biden can really try to convince the American public that the Democrats will be saviors to the middle class. The reality is that Obama’s policies are a disaster for the middle class, and Clinton’s will be, too.
Few households are growing richer; most are growing poorer.
There was one point in Obama’s presidency where the middle class was better off – and that was before he took office. It’s been downhill ever since. Nearly 85 months have passed since the recession ended, but yet, the median income in America is still 6 percent less than it was in 2007.
A recent Pew Research report titled, “The American Middle Class is Losing Ground,” paints a bleak picture for middle America. Pew researchers write, “After more than four decades of serving as the nation’s economic majority, the American middle class is now matched in number by those in the economic tiers above and below it.” Today, the middle class earns only 43 percent of the total U.S. income, the smallest share since the 1970s.
Pew’s report also notes, “[M]iddle-income Americans have fallen further behind financially in the new century... “and their median wealth (assets minus debts) fell by 28 percent from 2001 to 2013 (mostly during and after the financial crisis).”
Middle America is making less, while losing more wealth. Sounds great, huh?
Perhaps most troubling is the number of middle income families that have slid into the low-income threshold. The Washington Post highlighted this phenomenon in an article titled, “Majority of U.S. public school students are in poverty.” Yes, more children today come from low-income families. That is a fact that hasn’t been breached for more than 50 years.
A separate Pew Research analysis concluded that of the 229 U.S. metropolitan areas in the nation, 203 showed higher poverty in middle income families.
Few households are growing richer; most are growing poorer.
Take a moment to imagine the economic situation where 51 percent of all public school children in America come from homes that are eligible for federal welfare. Research shows that poor children have a higher levels of school dropout rates and fewer complete college – which leads to a repetitive cycle of poverty, substandard living, and crime.
Obama, Biden, and Clinton – they all have plenty of flashy employment statistics from the past seven years. Yet, most Americans will agree with my analysis: Americans and the middle class are hurting.
Since the recession, the middle class has been hurt the most. Fewer middle income males are working compared to the 1980s. Sadly, middle income jobs that were lost during the financial crisis never returned, but were instead replaced by low-income jobs. Even the Federal Reserve highlighted this concern, saying, “The vast majority of job losses during the recession were in middle-income occupations, and they’ve largely been replaced by low-wage jobs.”
Did you hear that in Biden’s speech? Me neither.
The Fed’s analysis concludes that most middle-income occupations were paying between $13.83 and $21.13 per hour. Yet, those jobs haven’t been recovered, as perhaps Biden thinks may happen under Clinton. They’ve been replaced by low-wage occupations that pay less than $13.83 per hour, which made up most of the job gains from 2010-2013.
This is the America that Obama has handed us. Americans today are saddled with as much credit card debt as they were prior to the financial crisis. And as early as mid 2014, 1 in 3 Americans, or 77 million, adults had their debts put into “collection.”
Middle-income wages are shrinking; wealth is deteriorating – and a larger portion of this middle-income demographic is simply leaving the “middle-class” and joining the ranks of the poor. According to the Federal Reserve, 38 million people were in poverty during George W. Bush’s last year in office. Today, there are nearly 10 million more Americans in poverty.
Will Hillary improve it? No. In fact, at best she’ll follow the path provided by Obama – a path that is wreaking havoc on the middle class. But more likely, she’ll make things far worse.
The non-partisan Committee for a Responsible Budget looked at policies offered by Clinton and concluded they would increase spending by more than $1.4 trillion. That amount of new spending would amount to a far larger amount of debt (plus interest). Furthermore, her policies will likely lead to lower growth that could lower middle class incomes by $3,000 over the next decade, and $77,500 over the next 50 years.
The facts speak for themselves; Obama has delivered nothing to the middle class. His policies of more spending, more debt, more taxes, and more regulations have failed. Obama is student of flawed economic policies, and so is Hillary Clinton. In the spirit of Ronald Reagan, perhaps this will help: “Ask yourself, ‘Are you better off now than you were four years ago (before Obama)?” For most of us, the answer is no. Obama had eight years to make us better off; we shouldn’t extend it by electing Hillary.
Jul 28, 2016 22:51:04 #
America Only wrote:
Babe Ruth held two records..one for home runs and another for strike outs.
The t***h NO one is admitting, we have set RECORD NUMBERS of companies going out of business and downsizing every year of Obama's Presidency.
The t***h NO one is admitting, we have set RECORD NUMBERS of companies going out of business and downsizing every year of Obama's Presidency.
Thanks to the EPA, excessive regulation, and general liberal stupidity.
All Trump ammo.
Jul 28, 2016 22:51:25 #
Docadhoc wrote:
A couple weeks ago Humana, 5th largest, dropped Obama care in 39 states.
Domino effect Doc..If no insurers, seriously it goes belly up and what happens?? Trump plan?? Or another that will leave many uninsured until the stale mate in the house is resolved...
Good luck with that one!!!
Jul 28, 2016 22:54:44 #
Docadhoc wrote:
Thanks to the EPA, excessive regulation, and general liberal stupidity.
All Trump ammo.
All Trump ammo.
Ohhh correct, but the lies omg how will they bail themself out of this one??
Why isn't it in every ad being put out??? All these on it likely do not follow it to know in a few months their boy wonder and Hillary will be leaving them with no coverage.....
That is a social program they rely on, they should be made aware of what all this really means to them..
Jul 29, 2016 00:16:29 #
lindajoy wrote:
That's assuming there are any insurers still parti... (show quote)
Trump's plan is free market and competitive cross state lines. Not forcing the company's to cover medicaid with cost offsets of 7-1.
So far the ones who have run the numbers, free market gives both patients and insurance companies best outcomes, unlike a 25,000 page government controlled program that was designed to end up a state run program once hillary entered office. I truly believe obama and the l*****t completely counted on a l*****t following into office after obama and Trump is the "fly in the ointment "
http://www.donaldjtrump.com/positions/healthcare-reform
Jul 29, 2016 06:25:48 #
jack sequim wa wrote:
Trump's plan is free market and competitive cross ... (show quote)
Every time "government" injects itself into business, it fails. Business cannot be run "by committee". In business, someone is responsible and accountable for mistakes made that affect "the bottom line", in government no one is responsible or accountable. In government, "the buck never stops".
Jul 29, 2016 07:31:41 #
snowbear37 wrote:
Every time "government" injects itself into business, it fails. Business cannot be run "by committee". In business, someone is responsible and accountable for mistakes made that affect "the bottom line", in government no one is responsible or accountable. In government, "the buck never stops".
Something THE leftest can not comprehend.
In their world the solution is increase taxes from the higher income. The worse a policy is the higher they raise taxes. i.e. Obamacare
Jul 29, 2016 07:59:09 #
time to buy some gold or silver
jack sequim wa wrote:
There are several "Major " bubbles far greater than 08/09 on the (near) horizon. Combine unfunded liabilities, national debt, healthcare, petro dollar, short/long term loan defaults, the failing European /China /Japan QA all converging and to think with regret how different the economic landscape would look like had T***p w*n 08. Knowing by this time oil independence, manufacturing, trade, lower dependence on social programs, and so on.
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