Ok, even by that chart, income is down to 1995 levels, and declining. Wonderful.
Misstatement Of The Union
- Thread starter Tsing Tao
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Ok, even by that chart, income is down to 1995 levels, and declining. Wonderful.
No, that goes to Bernanke and Yellen. So you can blame Obama for putting those guys in charge (in Ben's care, reappointing him).
exactly what I was thinking.
which makes sense considering the whole economic expansion since the 90s had been based on artificially cheap money being mis allocated to spots like real estate and the jobs surrounding it.
I don't blame Obama for the bad economy he inherited from the Fed and Wall street... but I blame him for the ignorant economic policies he supported which predictably stuffed the snap back we should have had.
which makes sense considering the whole economic expansion since the 90s had been based on artificially cheap money being mis allocated to spots like real estate and the jobs surrounding it.
I don't blame Obama for the bad economy he inherited from the Fed and Wall street... but I blame him for the ignorant economic policies he supported which predictably stuffed the snap back we should have had.
Yes, bad recession this last time. Still, up long term.
Do you? He raised taxes on the wealthy, right?
So, just to be clear, O'Reilly mentions that wages are stagnant, you say they aren't. I show they are, and you show they are, but not stagnant by some arbitrary long term you're picking. Do I have that accurately?
Artificially inflated by easy money? Ok, take a look at all data for this index.
I don't know about Republicans, but I remember the whole line of it. Horrible monetary policy, which we'll pay for. If we're not paying for it as we speak, it's just the beginning.
That stock market has gone a long way towards wealth equality, as has monetary policy.
He's chosen an arbitrarily short interval. Looking at the chart you can see that this time is not the first time wages have been "stagnant". Just like the LFPR, "it's down under Obama!!" Yeah, it's down under a lot of guys, and it will be down under the next president, too. Until immigrants pick up the slack I suppose.