It's official. The American Dream is dead.

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Grandluxe

<b>Income Stats Suggest American Dream Is Dead</b>
By Bernice Napach | Daily Ticker – 5 hours ago

A new report out Thursday from Sentier Research found that the median annual household income of Americans was $52,100 in June, after adjusting for inflation. That's 4.4% below the level in December 2009.

Even more dramatic, the median income is 6.1% lower than the level in December 2007, when the recession began, and 7.2% lower than January 2000. For many Americans incomes aren’t just stagnant, they’re falling along with their purchasing power and standard of living.

“This is yet another study that basically confirms what a lot of people already know: it’s getting harder to get ahead; it’s getting harder to pay the bills,” says Rick Newman of Yahoo! Finance.

http://finance.yahoo.com/blogs/daily-ticker/income-stats-suggest-american-dream-dead-161855152.html

How did things get so bad so quickly? Thanks OBAMA, you fucking asshole.

Welcum to Afrika.
 
Quote from Grandluxe:

<b>Income Stats Suggest American Dream Is Dead</b>
By Bernice Napach | Daily Ticker – 5 hours ago

A new report out Thursday from Sentier Research found that the median annual household income of Americans was $52,100 in June, after adjusting for inflation. That's 4.4% below the level in December 2009.

Even more dramatic, the median income is 6.1% lower than the level in December 2007, when the recession began, and 7.2% lower than January 2000. For many Americans incomes aren’t just stagnant, they’re falling along with their purchasing power and standard of living.

“This is yet another study that basically confirms what a lot of people already know: it’s getting harder to get ahead; it’s getting harder to pay the bills,” says Rick Newman of Yahoo! Finance.

http://finance.yahoo.com/blogs/daily-ticker/income-stats-suggest-american-dream-dead-161855152.html

How did things get so bad so quickly? Thanks OBAMA, you fucking asshole.

Welcum to Afrika.
More...
We had this little thingy called, by some, the Great Recession. Maybe you heard of it.

Asshole.

: )
 
And we had this leftist democrat policy called spend the dollar into worthlessness while backstopping their crony friends businesses. ..

Thereby destroying the standard of living, real wages and real income of those who work for a living.

Yet another story that confirms what we have been saying.
Obama's policies are destroying gdp and the middle class.


Quote from Ricter:

We had this little thingy called, by some, the Great Recession. Maybe you heard of it.

Asshole.

: )
More...
 
Quote from Ricter:

We had this little thingy called, by some, the Great Recession. Maybe you heard of it.

Asshole.

: )
More...

followed by a keynesian wet dream.. which amounted to nothing but more debt. And remember all that doom and gloom about cutting a tiny % of the future deficit, all bullshit, things have remained unchanged or gotten better since the sequester. We could probably cut 20% off the fed govt right now and suffer no consequences despite the best efforts of this admin, it's just waste.
 
Quote from PiggyBank:

followed by a keynesian wet dream.. which amounted to nothing but more debt.
More...
Bullshit, the vast majority of the debt was created by falling revenue and rising NON-discretionary spending.
 
Quote from jem:

And we had this leftist democrat policy called spend the dollar into worthlessness while backstopping their crony friends businesses. ..

Thereby destroying the standard of living, real wages and real income of those who work for a living.

Yet another story that confirms what we have been saying.
Obama's policies are destroying gdp and the middle class.
More...

The dollar's demise was brought on by the Fed - an institution that both parties let run wild because no one in either party was capable of understanding it. Just as the people continue to let the government spend to give them their entitlements, so does the government continue to let the Fed print to finance their wars and social programs.
 
Quote from Ricter:

Bullshit, the vast majority of the debt was created by falling revenue and rising NON-discretionary spending.
More...

All spending should be discretionary.
 
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