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MartiniMan
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Census Bureau Report on Income, etc.
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9/22/2015 8:49:15 AM
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Heard anything about from the White House or the govt media?!?!? Yeah, me neither and no surprise there. For you rose colored glasses left wing nuts I would avoid it like the plague. It is an ugly wake up call once again demonstrating the failure of left wing big government economic policies....as opposed to the failure of left wing international policies. But hey, with all those folks out of the work force U-2 is at 5.1%!!! Happy days are here for those that have low expectations for our first black president. Why is that? You never seem to want to answer that pertinent question do you? I think I know why......
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architect
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If rates had been raised MM would have been wrong
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9/22/2015 9:19:58 AM (updated 9/22/2015 9:23:30 AM)
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all these past months he has been spreading gloom and doom? Reading his post "If the economy is so great why no rate increase?" obviously implys that when rates to tick up 1/8 or 1/4 in the next few months we can all expect MM to say "Finally, the economy is GOOD!" Of course that would bring logic into the equation and MM and logic don't always walk hand in hand. He demonstrates that by his post above...what the he// is he bloviating about?!
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MartiniMan
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Really? Archibald only?
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9/23/2015 12:56:13 PM
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No other left wing nuts have comments about this report? Didn't read Archie's but I am guessing it is fact free and probably didn't even address the report in question. Real income falling is such an inconvenient factoid to the delusional suffering from the soft bigotry of low expectations for our first black president. Somehow I doubt they will have equally low expectations for a black president named Carson but who knows, maybe their bigotry extends even to Republicans.
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architect
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Did you even read it your omnipotence?
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9/23/2015 1:23:56 PM (updated 9/23/2015 1:39:08 PM)
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if you had you would have seen that in 2014 the median income has held steady for the 3d year in a row after years of decline, the poverty rate was unchanged for 4th year in a row after years of increase, the percentage of those with no health coverage dropped from 13.3% to 10.4% (an unheard of drop of 22% in just one year...hum, wonder why?)
All in in all a pretty positive report, especially since MM insists the economy is still terrible and getting worse. MM needs to read the reports he calls attention to...sometime they are not as bad as he assumes. Of course Anytime he reads a government report and finds it not to his liking he would just explains it was more cooking the books by Oblamer !!!
OK folks, instead of taking MM's uninformed and warped word for it, all need to read the report from the census for themselves then, as Faux News says "you decide".
BTW: Since MM doesn't have the fortitude to read my posts (at least so he says), could one of you ask how he explains one of the very interesting graphs in the report...in general median income went steadily up 1991 - 1999, declined 2000 -2011 and has slowly increased since 2012...WHY?
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MartiniMan
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Subject: |
Census Bureau Report on Income, etc.
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Date:
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9/23/2015 4:05:58 PM (updated 9/23/2015 4:09:07 PM)
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Here are some additional details from the report.
"Many households have still not regained the purchasing power they had before the recession that began in December 2007. Median household income was 6.5 percent lower in 2014 than in 2007, the bureau said. The number of households with income above the median is the same as the number below it."
“Despite decent employment growth in 2014, the persistent high unemployment yielded no improvements in wages and no improvement in the median incomes of working-age households or any reduction in poverty,” said Lawrence Mishel, president of the Economic Policy Institute, a liberal research group influential with Democrats in Congress. Continue reading the main story Drop in Uninsured Percentage of Americans who are uninsured, by age. Nationwide, the average dropped to 10.4 percent in 2014. 30% 2013 20 2014 10 Age 18 1 65+ –1.3 –4.2 –0.1 Average change in three age brackets, in percentage points Source: Census Bureau By The New York Times “Anyone wondering why people in this country are feeling so ornery need look no further than this report,” Mr. Mishel continued. “Wages have been broadly stagnant for a dozen years, and median household income peaked in 1999.”
This from the NY Times of all places and doesnt take into account inflation during that period which was farly low because of the weak recovery. Interestingly, the article mostly focuses on gains in those being covered by health insurance. Well duh, it is now mandated by law or you pay a fine....oh, I'm sorry Justice Roberts, a tax. Yep, this is good news to left wing nuts. No improvement and no better than before the recession began.....such low expectations. And they refuse to tell us why........hmmmmm
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architect
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Maybe you just don't understand it
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Date:
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9/23/2015 5:55:43 PM (updated 9/23/2015 6:01:20 PM)
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Bottom Line:
Purchasing power peaked in 1999 and still hasn't gotten back to that level. Median Income...peaked in the late Clinton years and declined during all of W's years (adjusted and unadjuated) and the 1st of Obama's, then began to inch up (unadjusted) in 2012 and has continued to do so with the inflation adjustment keeping it stable in real terms. Sorry MM, but when it is slowly getting better after 11 years of getting worse, a reasonable person would be mildly pleased not disparaging.
Poverty stopped going up 4 years ago after getting worse every year for years. The rate is now stable which may not be what we want to see, but it is a damn site better than continuing to get worse!
Your analysis of the uninsureds numbers is about as clear as the Chattahoochee in March after a 6" rain! In ONE year (2013 to 2014), that's 12 months, 52 weeks, 365 days the number of people who did not have health insurance went down by almost 9 million people. Down from 13.3% uninsured to 10.4%. Down in every single state, even Alabamastan. Down 22% in ONE year...unprecedented. MM you and me and every other person on this forum knows why!!!
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GoneFishin
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[Message deleted by author]
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9/23/2015 6:57:36 PM (updated 9/23/2015 7:00:29 PM)
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GoneFishin
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Maybe you just don't understand it
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Date:
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9/23/2015 6:57:36 PM
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MM, how do you explain one of the very interesting graphs in the report...in general median income went steadily up 1991 - 1999, declined 2000 -2011 and has slowly increased since 2012...WHY?
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MartiniMan
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No, I understand it
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9/24/2015 11:17:48 AM
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Real income is less today than it was in 2007 when the recession ended. You can change the focus to prior administrations in another thread. The fact is that whatever Obama has tried it hasn't worked. And you don't seem to care or are actually happy with him. Such low expectations.....tsk, tsk.....
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architect
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Yep and higher than it was in 2010...understand??
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9/24/2015 12:29:21 PM (updated 9/24/2015 12:31:59 PM)
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It is now above the low point and continuing to rise unadjusted or stable when adjusted and above the lows. The trend has reversed! Anyway you read the report it is more positive than negative...except, of course, in the superior mind of MM...The fount of all knowledge!
PS: In 2007 the recession STARTED not ENDED. It does make a difference you know.
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architect
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Yep and higher than it was in 2010...understand??
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9/24/2015 1:16:59 PM
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The Great Recession began in Dec 2007 a full year before Bush left office and technically ended in June 2009 less than 6 months in to Obama's first term. The median income began to go down in the waining months of Clinton's admin in 1999 after rising since 1991! Today it is still lower than in 2007 but it was also lower in 2007 than in 1999. It is now slowly rising again under Obama after hitting bottom in 2010. Occasionally facts do get in the way of a good post or a good lie don't they?
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GoneFishin
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[Message deleted by author]
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9/24/2015 4:55:41 PM (updated 9/24/2015 4:56:46 PM)
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GoneFishin
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Yep and higher than it was in 2010...understand??
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9/24/2015 4:55:41 PM
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"Real income is less today than it was in 2007 when the recession ended." If the recession ended in 2007, when did it start?
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architect
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Yep and higher than it was in 2010...understand??
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9/25/2015 8:29:05 AM
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See my post above but DON'T ask MM or expect him to admit error. His arrogant omnipitance has his blinders on and his head in the sand...as is his custom.
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