How Obama lost the middle class

Ricter · Jan 17, 2015

Max E. Pad said:
Your the one who is under the impression that the dollar hasnt lost any value and you can still go out to a restaraunt and feed the family with a sawbuck, and im supposedly the one with an old mind???

I acknowledge food inflation. I also acknowledge population growth.

At any rate, I know which "bee is in your bonnet", and I have bad news for you: central banking is never going away.

Yes, you have an old mind.

Spike Trader · Jan 17, 2015

Who keeps on complaining ?

loyek590 · Jan 17, 2015

Spike Trader said:
Who keeps on complaining ?

it's a proven fact. Complaining helps you live longer.

Don't believe me?
Just hang out with some old geezers, that's all they do. It's the guy in the corner that has quit complaining you need to worry about. He probably isn't going to last long.

Max E. · Jan 17, 2015

Ricter said:
I acknowledge food inflation. I also acknowledge population growth.

At any rate, I know which "bee is in your bonnet", and I have bad news for you: central banking is never going away.

Yes, you have an old mind.

We have more movie theaters in our country than any time in history, and yet it costs 20 bucks to go to a movie today, even though less people go to movies than they used too, and it cost a quarter 40 years ago, what do you blame for that?

dbphoenix · Jan 17, 2015

Ricter said:
I acknowledge food inflation. I also acknowledge population growth.

At any rate, I know which "bee is in your bonnet", and I have bad news for you: central banking is never going away.

Yes, you have an old mind.

Arguing with the young is pretty much a waste of time. I get a kick out of the shared ignorance in that "is the bull market over" thread upstairs. How many times have I heard that? (far more than the young)

Ricter · Jan 17, 2015

Max E. Pad said:
We have more movie theaters in our country than any time in history, and yet it costs 20 bucks to go to a movie today, even though less people go to movies than they used too, and it cost a quarter 40 years ago, what do you blame for that?

Technology.

Edit: and noisy kids.

jem · Jan 19, 2015

the federal reserve pretty much sets the interest rates and the filters on who and how much.

the "they" are mostly the cronies and those who run the federal govt.

when the govt backs loans... it allows those with the money to lend out more of it with less protection... which then causes prices to go higher.

if everyone had to have 20% down... do you really think the average price of a house in san diego would be where it is.

a lot of 2 income earning familes can handle the payments but they don't have a 20% down payment. These 3% down govt back loans enable consumers to chase the price of homes up significantly.

Ricter said:
"the more they allow people to borrow the higher the..."
Who is "they"?

gwb-trading · Jan 19, 2015

Scataphagos · Jan 24, 2015

gwb-trading said:
How Obama lost the middle class
The poor and the wealthy have fared better under Obama than the majority of Americans in the middle.
http://finance.yahoo.com/news/how-obama-lost-the-middle-class-150142099.html

In spite of what he says, Obama doesn't care (nor has he ever cared) about the middle class. He sees us only as a "source of funds".

loyek590 · Jan 24, 2015

Scataphagos said:
In spite of what he says, Obama doesn't care (nor has he ever cared) about the middle class. He sees us only as a "source of funds".

Money? Isn't that the thing white people have? I don't know where they got it or how they made it. Probably were just born into it. Doesn't matter. My job is to take it from them and give it to my people. And I don't just mean blacks. All democrats should get a little of it.