Household wealth in the U.S. climbs to a record

[bedowin62]

The Consequences of Conservatism | Center for American Progress

Wealth destruction probably doesn’t adequately capture what happened in the early stages of the crisis. Wealth was vaporized at a breathtaking, eye-popping speed. American families lost a total of $19.4 trillion (in 2010 dollars) in household wealth from June 2007 to March 2009, when the stimulus started to take hold. First it was the housing market, and then it was the housing and the stock market together that tanked. American families lost $6.4 trillion in home value during this period.

Damn.....American families LOST $19.4 trillion under Bush and GAINED $20 trillion under Obama

Why would anyone want to vote for Republicans?

Who controlled congress?

Name a single bill passed by Congress at the time that had any impact on the great Republican economic collapse of 2008?

good one stupid; what DID Dems so for the last 2 bush years?

 

[TakeAStepBack]

The Consequences of Conservatism | Center for American Progress

Wealth destruction probably doesn’t adequately capture what happened in the early stages of the crisis. Wealth was vaporized at a breathtaking, eye-popping speed. American families lost a total of $19.4 trillion (in 2010 dollars) in household wealth from June 2007 to March 2009, when the stimulus started to take hold. First it was the housing market, and then it was the housing and the stock market together that tanked. American families lost $6.4 trillion in home value during this period.

Damn.....American families LOST $19.4 trillion under Bush and GAINED $20 trillion under Obama

Why would anyone want to vote for Republicans?

Who controlled congress?

Name a single bill passed by Congress at the time that had any impact on the great Republican economic collapse of 2008?

Name one bill that the Bush administration signed into law that had any impact on the great federal reserve and congress recession of 2007.

 

[TakeAStepBack]

I have to admit, I'm quickly running out of the want to interact with the lefties on this board. You are all a bunch of trolls. That's not to say you're the only trolls, but the vast majority of you are. And you're not even witty, intelligent or humorous trolls. You're annoying, like the kind when kids used to piss me off in high school so they got jammed into lockers or dumpsters annoying.

 

[bedowin62]

The Consequences of Conservatism | Center for American Progress

Wealth destruction probably doesn’t adequately capture what happened in the early stages of the crisis. Wealth was vaporized at a breathtaking, eye-popping speed. American families lost a total of $19.4 trillion (in 2010 dollars) in household wealth from June 2007 to March 2009, when the stimulus started to take hold. First it was the housing market, and then it was the housing and the stock market together that tanked. American families lost $6.4 trillion in home value during this period.

Damn.....American families LOST $19.4 trillion under Bush and GAINED $20 trillion under Obama

Why would anyone want to vote for Republicans?

good point stupid; so if it isnt just the wealthiest that have made all those gains under obama; why can welfare and food stamps be reduced from the RECORD, EMERGENCY LEVELS set at the end of the Bush years and beginning of the obama years?
if things are so peachy now why are idiots like you screaming at the top of your lungs that repubs want people to starve to death or freeze in the streets if welfare and food stamps and unemployment are cut by one penny or one day?

you're a fucking idiot; and you prove it every day. NOTHING you post holds up to scrutiny

 

[hjmick]

In spite of, not because of...

 

[rightwinger]

The Consequences of Conservatism | Center for American Progress

Wealth destruction probably doesn’t adequately capture what happened in the early stages of the crisis. Wealth was vaporized at a breathtaking, eye-popping speed. American families lost a total of $19.4 trillion (in 2010 dollars) in household wealth from June 2007 to March 2009, when the stimulus started to take hold. First it was the housing market, and then it was the housing and the stock market together that tanked. American families lost $6.4 trillion in home value during this period.

Damn.....American families LOST $19.4 trillion under Bush and GAINED $20 trillion under Obama

Why would anyone want to vote for Republicans?

good point stupid; so if it isnt just the wealthiest that have made all those gains under obama; why can welfare and food stamps be reduced from the RECORD, EMERGENCY LEVELS set at the end of the Bush years and beginning of the obama years?
if things are so peachy now why are idiots like you screaming at the top of your lungs that repubs want people to starve to death or freeze in the streets if welfare and food stamps and unemployment are cut by one penny or one day?

you're a fucking idiot; and you prove it every day. NOTHING you post holds up to scrutiny

Why do you hate America?

Just because our President Obama oversaw a $40 trillion swing in personal wealth?

 

[bedowin62]

The Consequences of Conservatism | Center for American Progress

Wealth destruction probably doesn’t adequately capture what happened in the early stages of the crisis. Wealth was vaporized at a breathtaking, eye-popping speed. American families lost a total of $19.4 trillion (in 2010 dollars) in household wealth from June 2007 to March 2009, when the stimulus started to take hold. First it was the housing market, and then it was the housing and the stock market together that tanked. American families lost $6.4 trillion in home value during this period.

Damn.....American families LOST $19.4 trillion under Bush and GAINED $20 trillion under Obama

Why would anyone want to vote for Republicans?

good point stupid; so if it isnt just the wealthiest that have made all those gains under obama; why can welfare and food stamps be reduced from the RECORD, EMERGENCY LEVELS set at the end of the Bush years and beginning of the obama years?
if things are so peachy now why are idiots like you screaming at the top of your lungs that repubs want people to starve to death or freeze in the streets if welfare and food stamps and unemployment are cut by one penny or one day?

you're a fucking idiot; and you prove it every day. NOTHING you post holds up to scrutiny

Why do you hate America?

Just because our President Obama oversaw a $40 trillion swing in personal wealth?

youre nothing but a sissy troll; who cant even defend the stupidity you post

 

[Harry Dresden]

$20 trillion dollars? That is alot of money

How much did our wealth increase under the Republicans?

RW....ill ask you this because Dean and Chris are well lets just say....they are kinda brainwashed .....your not there yet.....there are threads here by Democrats/Liberals saying everyone is getting poorer,from the middle class on down.....how can people be getting poorer and richer at the same time?...just askin.....

Let me give you a hint where the majority of that increase in wealth went

It wasn't our poorest 1%

so i should jump for joy like Chris and Dean are because the Kochs bros and Soros and the like are still getting richer at our expense?...

 

[OKTexas]

OH BOY! More imaginary wealth concentrated in two more bubbles. Looks great on paper, right until the pop. The pop will come.

Even when its good the right sees bad on the way...they swear...Pessimistic bunch they are arent they

75 billion a month from the fed pumping up the bubbles, what happens when they turn the pump off? No hurry, I'll wait.

 

[bedowin62]

rightwinger; the left-wing idiot; is PROUD the rich AND ONLY THE RICHEST AMERICANS are gaining wealth under obama

 

[cutter]

$20 trillion dollars? That is alot of money

How much did our wealth increase under the Republicans?

If things are so good why do we have so many on food stamps? Is all obamas household increase going to his top 1%?

 

[oreo]

The Consequences of Conservatism | Center for American Progress

Wealth destruction probably doesn’t adequately capture what happened in the early stages of the crisis. Wealth was vaporized at a breathtaking, eye-popping speed. American families lost a total of $19.4 trillion (in 2010 dollars) in household wealth from June 2007 to March 2009, when the stimulus started to take hold. First it was the housing market, and then it was the housing and the stock market together that tanked. American families lost $6.4 trillion in home value during this period.

Damn.....American families LOST $19.4 trillion under Bush and GAINED $20 trillion under Obama

Why would anyone want to vote for Republicans?

Who controlled congress?

Name a single bill passed by Congress at the time that had any impact on the great Republican economic collapse of 2008?

The economic collapse started in 1999--and you should know this. It didn't happen overnight.

All ROADS to the economic collapse of 2008 started at the doors of Fannie Mae and Freddie Mac in September of 1999.

Basically our Government thought it would be a great idea to co-sign our names to 50% of the mortgages in this country. This while democrats on the hill were pressuring bankers to lower their lending standards. No down payment--less than a desirable credit rating and low income and through the use of sub-prime lending--(fully supported and defended by Alan Greenspan and Clinton's treasury secretary--Robert Rubin) anyone could buy a home they really couldn't afford because these loans were backed by a co-signer called the American citizen. Bankers then took these mortgages--bought and sold them and then started playing them in what is referred to as the derivitives markets (also fully supported and defended by Alan Greenspan and Clinton's treasury secretary- Robert Rubin)--because Democrats also got rid of the Glass/Stegall banking act of the 1930's The Federal Government built a house of cards that collapsed leaving the American taxpayer holding the bag.

ALL DEREGULATION happened under none other the Bill Clinton administration--G.W. Bush just had to deal with the effects of what started during the Clinton administration.

Rightwinger you should already know this--you've been on this board for years now--and know exactly what happened and the when's and the why's of it.


To remind you:
Fannie Mae Eases Credit To Aid Mortgage Lending - NYTimes.com

 

[bedowin62]

if obama oversaw a $40 TRILLION swing in personal wealth how can food stamps, welfare and unemployment not be able to be cut by a penny of a day of eligibility?

why cant you answer a simple question left-wing moron?

 

[rightwinger]

rightwinger; the left-wing idiot; is PROUD the rich AND ONLY THE RICHEST AMERICANS are gaining wealth under obama

I made a couple hundred thousand dollars off the great Obama economic upturn. Is it just board conservatives who missed the boat?

 

[Harry Dresden]

Because wages and wealth are two different things.

The system is step up to reward ownership, not work.

ok so the rich are still getting richer and those that have a house are doing better because the value of the house went up.....so what about all those who lost their houses or dont own one and are Unemployed or have low paying jobs,and those threads say they are in the millions .....once again they are still struggling and getting poorer.....doesnt matter who is in charge.....the poorer amongst us are still getting the shaft....

That's the very design of our monetary policy. Shit, i haven't even beaten inflation in 5 years on salary.

so like i said earlier.....it doesnt matter who is in charge....the rich get richer....and everyone else hopes to catch a bone or two....

 

[bedowin62]

$40 trillion is a lot of money leftard; makes one wonder why food stamps have gone UP under obama BY 16 MILLION TO A RECORD 49 MILLION.


so who got all of that $0 trillion leftard?

why cant you answer?


lol

 

[rightwinger]

OH BOY! More imaginary wealth concentrated in two more bubbles. Looks great on paper, right until the pop. The pop will come.

Even when its good the right sees bad on the way...they swear...Pessimistic bunch they are arent they

75 billion a month from the fed pumping up the bubbles, what happens when they turn the pump off? No hurry, I'll wait.

$75 billion a month results in a $20 trillion increase in wealth?

We should have done it years ago

 

[bedowin62]

rightwinger; the left-wing idiot; is PROUD the rich AND ONLY THE RICHEST AMERICANS are gaining wealth under obama

I made a couple hundred thousand dollars off the great Obama economic upturn. Is it just board conservatives who missed the boat?

\
good one nutjob; but i asked you if any of that made it's way to the poor under obama; or the middle class. instead you basically proved my point that only the richest benefitted

you're a moron and a hypocrite

 

[bedowin62]

Even when its good the right sees bad on the way...they swear...Pessimistic bunch they are arent they

75 billion a month from the fed pumping up the bubbles, what happens when they turn the pump off? No hurry, I'll wait.

$75 billion a month results in a $20 trillion increase in wealth?

We should have done it years ago

the $75 billion is CORPORATE WELFARE TO BANKS leftard

own it

 

[rightwinger]

75 billion a month from the fed pumping up the bubbles, what happens when they turn the pump off? No hurry, I'll wait.

$75 billion a month results in a $20 trillion increase in wealth?

We should have done it years ago

the $75 billion is CORPORATE WELFARE TO BANKS leftard

own it

Any way you cut it. If it results in a $20 trillion increase in wealth for the country, it is worth it. $900 billion a year yeilds $20 trillion in five years?

I'll take that every day