The Orange Mane -  a Denver Broncos Fan Community  

Go Back   The Orange Mane - a Denver Broncos Fan Community > Jibba Jabba > War, Religion and Politics Thread
Register FAQ Members List Calendar Chat Room Mark Forums Read



Reply
 
Thread Tools Display Modes
Old 03-07-2013, 10:12 AM   #1
Rigs11
Ring of Famer
 
Rigs11's Avatar
 

Join Date: Dec 2002
Posts: 8,344
Default More bad news for the right

that evil communist obama's policies have ruined this country!

US household wealth regains pre-recession peak
WASHINGTON (AP) - It took 5 1/2 years.

Surging stock prices and steady home-price increases have finally allowed Americans to regain the $16 trillion in wealth they lost to the Great Recession. The gains are helping support the economy and could lead to further spending and growth.

The Federal Reserve says household wealth amounted to $66.1 trillion at the end of 2012. That was $1.2 trillion more than three months earlier. And it was 98 percent of the pre-recession peak.

Private economists calculate that further increases in stock and home prices this year mean that Americans' net worth has since topped the pre-recession peak of $67.3 trillion. Wealth had bottomed at $51.2 trillion in early 2009.

Some economists caution that the regained wealth might spur less consumer spending than it did before the recession.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

http://www.9news.com/news/article/32...recession-peak
Rigs11 is offline   Reply With Quote
Sponsored Links
Old 03-07-2013, 11:19 AM   #2
houghtam
Ring of Famer
 

Join Date: Jul 2006
Posts: 6,405
Default

Quote:
Originally Posted by Rigs11 View Post
that evil communist obama's policies have ruined this country!

US household wealth regains pre-recession peak
WASHINGTON (AP) - It took 5 1/2 years.

Surging stock prices and steady home-price increases have finally allowed Americans to regain the $16 trillion in wealth they lost to the Great Recession. The gains are helping support the economy and could lead to further spending and growth.

The Federal Reserve says household wealth amounted to $66.1 trillion at the end of 2012. That was $1.2 trillion more than three months earlier. And it was 98 percent of the pre-recession peak.

Private economists calculate that further increases in stock and home prices this year mean that Americans' net worth has since topped the pre-recession peak of $67.3 trillion. Wealth had bottomed at $51.2 trillion in early 2009.

Some economists caution that the regained wealth might spur less consumer spending than it did before the recession.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

http://www.9news.com/news/article/32...recession-peak
Either Obama is the worst socialist ever (i.e. not a socialist), or socialism works great!
houghtam is offline   Reply With Quote
Old 03-08-2013, 08:26 AM   #3
Rigs11
Ring of Famer
 
Rigs11's Avatar
 

Join Date: Dec 2002
Posts: 8,344
Default

More jobs added than expected, unemployment rate drops.countdown till righties come in here with their doomsday scenarios
Rigs11 is offline   Reply With Quote
Old 03-08-2013, 09:08 AM   #4
BroncoBeavis
Guest
 

Posts: n/a
Default

This is an awesome game you guys have going on.

Random Bad News response: "God damn Rethugs won't let Obamma do nothin to fix nothin. No more stimulus... now this seequester bull****. Those aholes are drivin' us back into a recession!"

Random Good News response: "Juslook how good Obamie did! Yeehaw! He dun fixed it all by hisself!"

In the good old Bush days this kind of 'recovery' was called a 'jobless recovery' Now suddenly the 99%'ers get all hot and bothered about the DJIA and any increase in the 1%'ers GDP.
  Reply With Quote
Old 03-08-2013, 09:12 AM   #5
houghtam
Ring of Famer
 

Join Date: Jul 2006
Posts: 6,405
Default

Quote:
Originally Posted by BroncoBeavis View Post
This is an awesome game you guys have going on.

Random Bad News response: "God damn Rethugs won't let Obamma do nothin to fix nothin. No more stimulus... now this seequester bull****. Those aholes are drivin' us back into a recession!"

Random Good News response: "Juslook how good Obamie did! Yeehaw! He dun fixed it all by hisself!"

In the good old Bush days this kind of 'recovery' was called a 'jobless recovery' Now suddenly the 99%'ers get all hot and bothered about the DJIA and any increase in the 1%'ers GDP.
And who was in here the day after the election talking about doom and gloom because the djia dropped?

So yeah, eat a big bag of dixncox.
houghtam is offline   Reply With Quote
Old 03-08-2013, 09:15 AM   #6
Rohirrim
Partisan
 
Rohirrim's Avatar
 

Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 52,966

Adopt-a-Bronco:
CJ Anderson
Default

These numbers are government bull****. They do not include those who have fallen off the rolls of the unemployed and are now in the category of "hopelessly" unemployed, or "discouraged" or "missing" or "underemployed." The real number is probably closer to 21%. But they don't want you to know that.
Rohirrim is offline   Reply With Quote
Old 03-08-2013, 09:20 AM   #7
Rohirrim
Partisan
 
Rohirrim's Avatar
 

Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 52,966

Adopt-a-Bronco:
CJ Anderson
Default

Here's an article from last July in California that gives an inkling of what is really happening:

"We don't follow them. We don't know what they're doing," said Tian Luo, an economist at the San Francisco office of the Bureau of Labor Statistics, the federal agency that compiles state and national unemployment numbers. "We do know they're not looking for work."
We do know that the "discouraged" - those out of work for more than six months and who have stopped trying to find a job - accounted for an astonishing 43 percent of the nation's unemployed in May - 5.4 million people, according to government figures.
In California, those out of work for more than a year accounted for 34.7 percent of the state's unemployed in June, a total of 709,000 people.


Read more: http://www.sfgate.com/business/botto...#ixzz2MyBZOi2x

Don't forget. One of the jobs of government, in both parties, is to keep the lid on.
Rohirrim is offline   Reply With Quote
Old 03-08-2013, 09:22 AM   #8
BroncoBeavis
Guest
 

Posts: n/a
Default

Quote:
Originally Posted by houghtam View Post
And who was in here the day after the election talking about doom and gloom because the djia dropped?

So yeah, eat a big bag of dixncox.
Not sure, you might have to refresh my memory.

And what is it with you being like the 5th left-leaner I've seen with the whole bag of ***** thing? Is there some kind of deep rooted castration anxiety I'm unaware of over there?
  Reply With Quote
Old 03-08-2013, 09:40 AM   #9
houghtam
Ring of Famer
 

Join Date: Jul 2006
Posts: 6,405
Default

Quote:
Originally Posted by BroncoBeavis View Post
Not sure, you might have to refresh my memory.

And what is it with you being like the 5th left-leaner I've seen with the whole bag of ***** thing? Is there some kind of deep rooted castration anxiety I'm unaware of over there?
Gamerslang.
houghtam is offline   Reply With Quote
Old 03-08-2013, 09:54 AM   #10
Rigs11
Ring of Famer
 
Rigs11's Avatar
 

Join Date: Dec 2002
Posts: 8,344
Default

The only people that this is a game to is the GOP,a political one.they want Obama to fail at all costs.look at the GOP approval ratings.Americans are waking up.the economy is improving even though the GOP are doing everything to stop it.
Rigs11 is offline   Reply With Quote
Old 03-08-2013, 10:10 AM   #11
BroncoBeavis
Guest
 

Posts: n/a
Default

Quote:
Originally Posted by Rigs11 View Post
The only people that this is a game to is the GOP,a political one.they want Obama to fail at all costs.look at the GOP approval ratings.Americans are waking up.the economy is improving even though the GOP are doing everything to stop it.
Quote:
Originally Posted by Rigs11 View Post
As soon as the unemployment rate goes up, expect the rightards to come into this board crying.only thing is is that the GOP is going to get the blame by the american public.
Just to get this on record, which is it? Is sequester going to drive unemployment up, or are you going to continue playing both angles, having a reason Republicans are to blame whenever things are bad, but giving Obama all the credit when things are positive?

Who's on the hook here, once and for all?
  Reply With Quote
Old 03-08-2013, 10:20 AM   #12
houghtam
Ring of Famer
 

Join Date: Jul 2006
Posts: 6,405
Default

Quote:
Originally Posted by BroncoBeavis View Post
Just to get this on record, which is it? Is sequester going to drive unemployment up, or are you going to continue playing both angles, having a reason Republicans are to blame whenever things are bad, but giving Obama all the credit when things are positive?

Who's on the hook here, once and for all?
Have you ever registered an opinion on anything, ever?
houghtam is offline   Reply With Quote
Old 03-08-2013, 10:25 AM   #13
peacepipe
Ring of Famer
 
New to the Forum

Join Date: Aug 2007
Posts: 6,633

Adopt-a-Bronco:
None
Default

Quote:
Originally Posted by BroncoBeavis View Post
Just to get this on record, which is it? Is sequester going to drive unemployment up, or are you going to continue playing both angles, having a reason Republicans are to blame whenever things are bad, but giving Obama all the credit when things are positive?

Who's on the hook here, once and for all?
You must be one of the fools that don't realize that the sequester doesn't have an immediate impact.
peacepipe is online now   Reply With Quote
Old 03-08-2013, 10:30 AM   #14
BroncoBeavis
Guest
 

Posts: n/a
Default

Quote:
Originally Posted by peacepipe View Post
You must be one of the fools that don't realize that the sequester doesn't have an immediate impact.
That's why I said I wanted to get him on record. Just for future reference. He said Republicans would come crying when Sequester caused unemployment to rise. Now suddenly sequester strikes and everything's Obama's Homemade Peach Pie.
  Reply With Quote
Old 03-08-2013, 10:33 AM   #15
Rohirrim
Partisan
 
Rohirrim's Avatar
 

Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 52,966

Adopt-a-Bronco:
CJ Anderson
Default

Do thousands of furloughed employees count as unemployed? Ask the communities where those people live. These figures are so "edited" as to be useless. And they are designed to make the government, regardless of party, look better. Whoever is in office wants the numbers to look good. Same with cost of living. It's more instructive to look at what they don't count, than what they do count.
Rohirrim is offline   Reply With Quote
Old 03-08-2013, 10:38 AM   #16
BroncoBeavis
Guest
 

Posts: n/a
Default

Quote:
Originally Posted by houghtam View Post
Have you ever registered an opinion on anything, ever?
Not much point registering opinions as if the economy is some kind of partisan thermostat. What happens to the economic climate in this country is orders of magnitude beyond DC's ability to comprehend, let alone direct.
  Reply With Quote
Old 03-08-2013, 01:54 PM   #17
cutthemdown
A verbis ad verbera
 
cutthemdown's Avatar
 
Zimm to HOF

Join Date: Mar 2006
Location: Long Beach
Posts: 35,592
Default

Dems celebrating a policy where the fed prints and pumps money into the stock market is pretty funny. If a repubs was in office doing this you would be up in arms. Not helping the poor i will tell you that much.
cutthemdown is offline   Reply With Quote
Old 03-08-2013, 02:48 PM   #18
chadta
Atomic Meatball Keeper
 
chadta's Avatar
 

Join Date: Aug 2004
Location: Hamilton, Ontario
Posts: 2,941

Adopt-a-Bronco:
The Mc Rib
Default

Quote:
Originally Posted by cutthemdown View Post
Dems celebrating a policy where the fed prints and pumps money into the stock market is pretty funny. If a repubs was in office doing this you would be up in arms. Not helping the poor i will tell you that much.
its about wallstreet when it should be about mainstreet
chadta is offline   Reply With Quote
Old 03-08-2013, 03:02 PM   #19
houghtam
Ring of Famer
 

Join Date: Jul 2006
Posts: 6,405
Default

Quote:
Originally Posted by cutthemdown View Post
Dems celebrating a policy where the fed prints and pumps money into the stock market is pretty funny. If a repubs was in office doing this you would be up in arms. Not helping the poor i will tell you that much.
Again, you guys are such dishonest little roaches.

All this is in response to you conservative douchebags who on November 7th and again on January 1st (not to mention all throughout the election) complained and complained "ohhhh woe is the United States because of Obama's failed policies, the stock market is down, unemployment is up, the job numbers are too small, and housing prices are stagnant."

Now news comes out that the stock market is at a record high, unemployment is down, job numbers are as good as they've been in months, and housing prices rose by the largest amount in over 7 years, and we point out that you were at the very least too quick to jump the gun, and at the very most dead wrong, and you come in here and attempt to change the narrative.

We're calling your BS.

If anyone is moving the goalposts, it's not us.
houghtam is offline   Reply With Quote
Old 03-08-2013, 03:26 PM   #20
houghtam
Ring of Famer
 

Join Date: Jul 2006
Posts: 6,405
Default

You base your entire narrative of this presidency on fear. You're afraid that if you give one iota of credit to Obama, your entire world view that he's a Muslim socialist terrorist non citizen who isn't legally allowed to become president and only won the election because of voter fraud perpetrated by the black panthers comes crashing down like a house of cards.

It's the same mentality that has seen the conservatives shunning guys like Christie for giving credit where credit is due.

It's also the same mentality that causes the republicans who signed that asinine pledge to look like idiots. "We can't raise taxes, because when they say that doomsday doesn't happen after all and taxes actually do good, our whole platform will suffer!"

Have fun covering your own tracks. Your posting history doesn't hide. Unless you want to be like pricejj and start deleting ****.
houghtam is offline   Reply With Quote
Old 03-08-2013, 05:07 PM   #21
cutthemdown
A verbis ad verbera
 
cutthemdown's Avatar
 
Zimm to HOF

Join Date: Mar 2006
Location: Long Beach
Posts: 35,592
Default

Unemployment only down because tons of people stopped looking for work and then once ineglible for unemployment they stop counting them. Housing is back up not because of Obama but because of TARP which was not his baby. Bush JR started that and left it for Obama. If the banks had crashed housing crashes with it. So I always expected housing to rebound. Job numbers aren't bad but they aren't good either. Really just sort of stagnant. Bush for many yrs had better numbers and only had problems because of the housing crash, which wasn't his fault.

Stock market in many experts opinions will soon correct down up to 20% because they money being pumped in is fed money. Sorry to burst your bubble.
cutthemdown is offline   Reply With Quote
Old 03-08-2013, 06:05 PM   #22
houghtam
Ring of Famer
 

Join Date: Jul 2006
Posts: 6,405
Default

Quote:
Originally Posted by cutthemdown View Post
Unemployment only down because tons of people stopped looking for work and then once ineglible for unemployment they stop counting them. Housing is back up not because of Obama but because of TARP which was not his baby. Bush JR started that and left it for Obama. If the banks had crashed housing crashes with it. So I always expected housing to rebound. Job numbers aren't bad but they aren't good either. Really just sort of stagnant. Bush for many yrs had better numbers and only had problems because of the housing crash, which wasn't his fault.

Stock market in many experts opinions will soon correct down up to 20% because they money being pumped in is fed money. Sorry to burst your bubble.
Exactly. Excuses are all you have. It's a no-win situation. If something improves, it was going to anyway or it will never last or it's not enough. Nice how you conveniently leave out being lied and warmongered into two unfounded wars. But then again, anchored in reality is not a phrase of use to describe you.

Sorry to burst your bubble.
houghtam is offline   Reply With Quote
Old 03-11-2013, 02:19 PM   #23
cutthemdown
A verbis ad verbera
 
cutthemdown's Avatar
 
Zimm to HOF

Join Date: Mar 2006
Location: Long Beach
Posts: 35,592
Default

If Obama gets his way he will lower unemployment just by letting everyone fall off this list but not get a job. Find new jobs for recent grads so they don't become unemployed, and completely forget about millions of people.
cutthemdown is offline   Reply With Quote
Old 03-11-2013, 02:30 PM   #24
Rigs11
Ring of Famer
 
Rigs11's Avatar
 

Join Date: Dec 2002
Posts: 8,344
Default

So cut,by your logic when unemployment was low during the bush years,the same rules apply correct?the unemployment was actually higher back then too?or is this strictly a dem logic?
Rigs11 is offline   Reply With Quote
Old 03-11-2013, 02:59 PM   #25
houghtam
Ring of Famer
 

Join Date: Jul 2006
Posts: 6,405
Default

Quote:
Originally Posted by cutthemdown View Post
If Obama gets his way he will lower unemployment just by letting everyone fall off this list but not get a job. Find new jobs for recent grads so they don't become unemployed, and completely forget about millions of people.
I thought all we needed to do to create jobs was lower taxes for rich people.
houghtam is offline   Reply With Quote
Reply

Thread Tools
Display Modes



Forum Jump


All times are GMT -7. The time now is 01:04 AM.


Denver Broncos