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You suck Obama

2001400ex2001400ex Member Posts: 29,457
http://www.msn.com/en-us/money/markets/incomes-rise-for-bottom-99-pct-us-inequality-still-worsens/ar-AAcizxo

The increase likely reflects robust hiring last year when employers added 3.1 million jobs — the most since 1999.

Incomes for the bottom 99 percent of American families rose 3.3 percent last year to $47,213, the biggest annual gain in the past 15 years, according to data compiled by economist Emmanuel Saez and released Monday by the Washington Center for Equitable Growth.
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Comments

  • dncdnc Member Posts: 56,799
    I gave you an awesome.

    I only read the headlines.
  • 2001400ex2001400ex Member Posts: 29,457

    Still, income inequality worsened in 2014. The richest 1 percent of Americans posted a much bigger increase in pay: their incomes soared an average of 10.8 percent to $1.3 million. The wealthiest 1 percent also captured 21.2 percent of all income in 2014, up from 20.1 percent the previous year.


    Party of the little guy doing a great job

    How do you propose we fix the income inequality race?
  • ThomasFremontThomasFremont Member Posts: 13,325
    dnc said:

    2001400ex said:

    Still, income inequality worsened in 2014. The richest 1 percent of Americans posted a much bigger increase in pay: their incomes soared an average of 10.8 percent to $1.3 million. The wealthiest 1 percent also captured 21.2 percent of all income in 2014, up from 20.1 percent the previous year.


    Party of the little guy doing a great job

    How do you propose we fix the income inequality race?
    Rainbow crosswalks
    Flags
  • ThomasFremontThomasFremont Member Posts: 13,325
    Swaye said:

    dnc said:

    2001400ex said:

    Still, income inequality worsened in 2014. The richest 1 percent of Americans posted a much bigger increase in pay: their incomes soared an average of 10.8 percent to $1.3 million. The wealthiest 1 percent also captured 21.2 percent of all income in 2014, up from 20.1 percent the previous year.


    Party of the little guy doing a great job

    How do you propose we fix the income inequality race?
    Rainbow crosswalks
    Flags
    I say we run unicorn horns and fairy dust through woodchippers to generate sustainable dreams for everyone!
    http://games.adultswim.com/robot-unicorn-attack-twitchy-online-game.html
  • HoustonHuskyHoustonHusky Member Posts: 5,993
    That has to be about the dumbest economic article I've read in a while, but considering it's from a Clinton aide its to be assumed.

    Saying everything is great when grouping 99% together misses the entire point. Add to that saying the average income for said 99% went up 3% in a year the stock market went up 12% and who knows how much housing went up almost guarantees the folks on the lower rungs aren't seeing much if any. But hey, if you have to bend over backwards that much in an attempt to make things look great for a few lapdogs more power to them. Look at median income and such...it actually went up in 2013 (after steadily decreasing the previous few years) to get yourself in a lather.

    And I know you are complete unaware of this but your article is propaganda straight from John Podesta (http://economix.blogs.nytimes.com/2013/11/06/podesta-starting-a-think-tank-on-inequality/). Maybe you should take it as a compliment...you gurgle on it without even knowing...


  • PurpleJPurpleJ Member Posts: 37,504 Founders Club
    2001400ex said:

    Still, income inequality worsened in 2014. The richest 1 percent of Americans posted a much bigger increase in pay: their incomes soared an average of 10.8 percent to $1.3 million. The wealthiest 1 percent also captured 21.2 percent of all income in 2014, up from 20.1 percent the previous year.


    Party of the little guy doing a great job

    How do you propose we fix the income inequality race?
    NINJA loans?
  • 2001400ex2001400ex Member Posts: 29,457

    That has to be about the dumbest economic article I've read in a while, but considering it's from a Clinton aide its to be assumed.

    Saying everything is great when grouping 99% together misses the entire point. Add to that saying the average income for said 99% went up 3% in a year the stock market went up 12% and who knows how much housing went up almost guarantees the folks on the lower rungs aren't seeing much if any. But hey, if you have to bend over backwards that much in an attempt to make things look great for a few lapdogs more power to them. Look at median income and such...it actually went up in 2013 (after steadily decreasing the previous few years) to get yourself in a lather.

    And I know you are complete unaware of this but your article is propaganda straight from John Podesta (http://economix.blogs.nytimes.com/2013/11/06/podesta-starting-a-think-tank-on-inequality/). Maybe you should take it as a compliment...you gurgle on it without even knowing...


    I like to blast someone for incorrect information, then I like to include stock market gains and housing market gains as income. Cause that's what I like to do.
  • 2001400ex2001400ex Member Posts: 29,457

    Income inequality is a classic low information voter issue that the democrats run on every time and do nothing about because there is nothing they can do.

    The best you can do is have a robust economy with lots of good jobs. Not exactly an Obama strength as we have seen.

    When was the last time we had a robust economy with good jobs?
  • HoustonHuskyHoustonHusky Member Posts: 5,993
    So if you sell stock or your house and make money on it then its not considered income?

    You're a bright one...

    image
  • allpurpleallgoldallpurpleallgold Member Posts: 8,771
    Aren't you guys tired of this?

    One side takes something Obama has done a middling to poor job at and acts like it's 9/11 the remix. Then the other side takes something Obama has done a middling to ok job at and acts like he just gave Hitler an RKO out of nowhere.

    Obama isn't either extreme you idiots want him to be. He's been adequate. Now stop boring me with this shit.
  • HoustonHuskyHoustonHusky Member Posts: 5,993
    edited June 2015
    Just for the masses...here is the 2010-2013 data...most of the 2014 data hasn't been hashed through yet:

    http://www.federalreserve.gov/pubs/bulletin/2014/pdf/scf14.pdf

    Percentile of -------------Median-------------Mean-----------
    usual income______2010____2013__ %Change__2010___2013___%Change

    Less than 20_______15.8______15.2____-4_______16.5___15.2______-8
    20–39.9___________32.7______30.4____-7_______32.4___30.5______-6
    40–59.9___________51.8______48.7____ -6______49.9___ 49.6______ -1
    60–79.9___________79.5______77.9_____-2_____78.9_____80.0______1
    80–89.9__________125.3_____121.7 ____-3 _____124.3___123.5______-1
    90–100___________217.9_____223.2 _____2_____361.5____397.5_____ 10
  • allpurpleallgoldallpurpleallgold Member Posts: 8,771

    Just for the masses...here is the 2010-2013 data...most of the 2014 data hasn't been hashed through yet:

    http://www.federalreserve.gov/pubs/bulletin/2014/pdf/scf14.pdf

    Percentile of -------------Median-------------Mean-----------
    usual income______2010____2013__ %Change__2010___2013___%Change

    Less than 20_______15.8______15.2____-4_______16.5___15.2______-8
    20–39.9___________32.7______30.4____-7_______32.4___30.5______-6
    40–59.9___________51.8______48.7____ -6______49.9___ 49.6______ -1
    60–79.9___________79.5______77.9_____-2_____78.9_____80.0______1
    80–89.9__________125.3_____121.7 ____-3 _____124.3___123.5______-1
    90–100___________217.9_____223.2 _____2_____361.5____397.5_____ 10

    @zachlowedawg true?
  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 107,389 Founders Club

    Aren't you guys tired of this?

    One side takes something Obama has done a middling to poor job at and acts like it's 9/11 the remix. Then the other side takes something Obama has done a middling to ok job at and acts like he just gave Hitler an RKO out of nowhere.

    Obama isn't either extreme you idiots want him to be. He's been adequate. Now stop boring me with this shit.

    LEAVE
  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 107,389 Founders Club
    2001400ex said:

    Income inequality is a classic low information voter issue that the democrats run on every time and do nothing about because there is nothing they can do.

    The best you can do is have a robust economy with lots of good jobs. Not exactly an Obama strength as we have seen.

    When was the last time we had a robust economy with good jobs?
    Reagan's second term through W's first. Pretty good 20 year run. Did the gap widen? Yes it did. Imagine that. Must be a phony issue. Oh wait - it is.

    Bill Gates accumulating billions of dollars did not effect my income at all.

    You want to ask some more stupid questions or are we through here?
  • allpurpleallgoldallpurpleallgold Member Posts: 8,771

    2001400ex said:

    Income inequality is a classic low information voter issue that the democrats run on every time and do nothing about because there is nothing they can do.

    The best you can do is have a robust economy with lots of good jobs. Not exactly an Obama strength as we have seen.

    When was the last time we had a robust economy with good jobs?
    Bill Gates accumulating billions of dollars did not effect my income at all.
    Are you retarded? I realize Honda is a dunce and you don't need your A game for him but that is horrifically stupid.

    If you insist on engaging in these slap fights the least you can do is try.
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