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PERSONAL INCOME DROPS 3.2% SINCE OBAMA... DEVELOPING...
Drudge ^ | April 12, 2010

Posted on 04/12/2010 3:35:10 PM PDT by library user

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To: rsobin

Bingo.

You’ve nailed the X-ring.


51 posted on 04/12/2010 4:17:31 PM PDT by NVDave
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To: library user

It’s going to drop even more.Wait and see.Fire all your democrap employees.


52 posted on 04/12/2010 4:17:41 PM PDT by HANG THE EXPENSE (Life is tough.It's tougher when you're stupid.)
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To: library user
PERSONAL INCOME DROPS 3.2% SINCE OBAMA...

Obama's Marxist plan right on schedule. What will it take to remove this Alien Enemy Kenyan Imposter in the White House?

53 posted on 04/12/2010 4:18:47 PM PDT by Jim 0216
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To: library user
Welcome to....Galt’s Gulch!
54 posted on 04/12/2010 4:23:34 PM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: library user

He never said redistribution would be easy. :)


55 posted on 04/12/2010 4:25:23 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: suijuris

You are not alone... tax revenues are going to be a bit off this year...


56 posted on 04/12/2010 4:27:33 PM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: DonaldC
I made the most money of my life during the Bush years.
57 posted on 04/12/2010 4:32:55 PM PDT by Big Horn (Rebuild the GOP to a conservative party)
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To: TexasFreeper2009
"Obama would usurer in socialism"

Usury is pretty much the way he's doing it, too

58 posted on 04/12/2010 4:33:10 PM PDT by cake_crumb (President Reagan on ObieCare: http://www.youtube.com/watch?v=fRdLpem-AAs&feature=player_embedded#)
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To: LuvFreeRepublic

yeah, income has dropped quite a bit more than 3.2% for some of us.


59 posted on 04/12/2010 4:35:05 PM PDT by skeeter
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To: DonaldC

Interesting. The Bush years were pretty darned good to us.


60 posted on 04/12/2010 4:37:43 PM PDT by cake_crumb (President Reagan on ObieCare: http://www.youtube.com/watch?v=fRdLpem-AAs&feature=player_embedded#)
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To: library user

Developing into 100% soon.

LLS


61 posted on 04/12/2010 4:37:49 PM PDT by LibLieSlayer ( WOLVERINES!)
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To: library user

Try just Michigan. I guarantee you that number is 10%. The company I worked for, as well as others in the same industry, made across the board 10% pay cuts in 2009. They have not been restored.


62 posted on 04/12/2010 4:40:08 PM PDT by rintense (Only dead fish go with the flow, which explains why Congress stinks.)
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To: library user; CSM

Wow. I guess I’m like Rush and I’ve refused to participate in this ‘recession.’

After reading all these hard-luck stories I looked back over my spreadsheets and our income and assets have GROWN for the past five years.

Of course, I’m a contrarian investor and a Goldbug, so take that FWIW. :)

I have a great job, Husband has his own one-man business, and I have a small business on the side. We have no debt other than our farm mortgage, so we can stash/invest a larger chunk of our cash each month than others because it’s not going to a car payment and credit cards, vacations, kids in college (pay your own way, Kids; we did!), etc.

Sorry to be a Ray Of Sunshine in a B*tch Session, but we’re NOT losing ground at our house. (And I am NOT defending 0bama in any way, shape or form.)

Maybe surviving Carter and Clinton taught me a thing or two? Never, EVER play into Mother Government’s hand. ;)


63 posted on 04/12/2010 4:40:52 PM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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To: pissant

“I’d have been ecstatic if it was only a 3.2% drop in income.”

Me too! I doubt I’d even miss that little. I’m down more like 60%.


64 posted on 04/12/2010 4:41:42 PM PDT by diverteach (D.C. has become Jonestown)
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To: A message

I agree.

LLS


65 posted on 04/12/2010 4:42:09 PM PDT by LibLieSlayer ( WOLVERINES!)
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To: TheThirdRuffian

2% down here due to forced relocation and spouse worked for less.


66 posted on 04/12/2010 4:43:12 PM PDT by omega4179 (www.JDforsenate.com)
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To: library user

This article is homophobic and racist. /chris matthews


67 posted on 04/12/2010 4:43:17 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: library user

68 posted on 04/12/2010 4:45:03 PM PDT by Zakeet (Will Rogers never met the Wee Wee)
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To: All

Now we must look at the bright side. I’m reading more and more about how dad and mom losing their jobs have brought them closer to their kids who now have no intention of ever moving out. And now mom and dad’s parents are moving in and board game Tuesday nights are a big hit. It’s gonna be just like The Walton’s folks and we have Barry to thank.


69 posted on 04/12/2010 4:45:52 PM PDT by ladyvet (WOLVERINES!!!!!)
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To: Lazmataz

Errr...

Your opinion may be needed here....


70 posted on 04/12/2010 4:46:32 PM PDT by knews_hound (Credo Quia Absurdium--take nothing seriously unless it is absurd. E. Clampus Vitus)
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To: Diana in Wisconsin

When we reach a certain point... you will feel the same pain some of us feel now... but in your case it will hurt more because the fall will be much quicker and complete. I am not trying to bash your success... I celebrate your good fortune... but these are times like no other and the worst is yet to come.

LLS


71 posted on 04/12/2010 4:48:20 PM PDT by LibLieSlayer ( WOLVERINES!)
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To: library user

It will go lower than that very soon.


72 posted on 04/12/2010 4:48:23 PM PDT by sport
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To: library user

I suspect the New York Times will down play this one...


73 posted on 04/12/2010 4:51:52 PM PDT by GOPJ (http://hisz.rsoe.hu/alertmap/index2.php?area=dam&lang=eng)
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To: library user

I work in health insurance. My company just announced a 30% pay cut effective 10/1/10, and a 30% cut in bonuses effective immediately. Both are a direct result of the anticipated budget shortfall caused by the new “healthcare reform” legislation.


74 posted on 04/12/2010 4:54:00 PM PDT by snowrip (Liberal? YOU ARE A SOCIALIST WITH NO RATIONAL ARGUMENT.)
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To: cake_crumb

lol

sorry, that spell checker tricks me sometimes :P


75 posted on 04/12/2010 4:57:55 PM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: library user

Hey, mine’s down 100%! (I was always an over-achiever).


76 posted on 04/12/2010 4:59:34 PM PDT by clintonh8r (I always look for the union label. So I know what NOT to buy.)
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To: dawn53

“3% across the board cut at my husband’s place of employment last year...”

My wifes company cut everyone in the company 30% and that’s over 10,000 people.


77 posted on 04/12/2010 5:04:15 PM PDT by dalereed
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To: library user

This is what Obammuh wants.


78 posted on 04/12/2010 5:08:29 PM PDT by Allegra (Pablo is very wily.)
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To: library user

Guess I’m grateful to have a private sector job but no salary increases since 2006.


79 posted on 04/12/2010 5:08:56 PM PDT by tflabo (Restore the Republic)
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To: autumnraine
and property taxes went up double this year.

What?? In this economy or any for that matter? Your townsfolk should be storming city hall en masse with very large utensils!

80 posted on 04/12/2010 5:13:06 PM PDT by tflabo (Restore the Republic)
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To: okie01

Correct as you say they reinvested that money in thje automobile industry.WHERE?


81 posted on 04/12/2010 5:17:17 PM PDT by rsobin
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To: LibLieSlayer

Of course you wish to bash my ‘success’ as you perceive it; or you wouldn’t of posted, LOL!

“...but these are times like no other and the worst is yet to come.”

Well, Duh. I’ve been reading the handwriting on the wall for a DECADE or more, now. Why do you think we’ve rearranged our life to compensate for the bad times ahead? Just for giggles? ;)

I’ll let you all know when I’m broke; but don’t hold your breath. And this isn’t ‘Pride’ talking; this is hard work, economic study, hard work meeting opportunity (some just call that, ‘Luck’) and a clear grasp of REALITY talking. :)

You know, not EVERYONE was jumping off of roofs during The Great Depression. My family was one that wasn’t. We’re made of tougher stuff. :)


82 posted on 04/12/2010 5:17:51 PM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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To: TexasFreeper2009
That's when the decline really hit.

The day this doofus socialist was elected.

Everyone knew it was all downhill from there.....

83 posted on 04/12/2010 5:19:43 PM PDT by ohioWfan (Proud Mom of a Bronze Star recipient!)
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To: rsobin
WHERE?

Probably in the U.S.

As were most of any profits taken from any plant-closing. The U.S. remains the most profitable venue in the world for investment.

See Capitalism, creative destruction.

Don't go all Pat Buchanan on us...

84 posted on 04/12/2010 5:25:23 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance on Parade)
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To: Diana in Wisconsin
You know, not EVERYONE was jumping off of roofs during The Great Depression.

During the Depression, my dad and a couple of his brothers bought a couple of balers and got to work baling hay. They made enough money that they could buy new cars while a lot of people in the area were going down to the county seat to pick up a bag of free groceries.

85 posted on 04/12/2010 5:32:48 PM PDT by Wissa (Gone Galt)
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To: Diana in Wisconsin
I’ve been reading the handwriting on the wall for a DECADE or more, now.

I'm curious as to what you saw and what steps you took.

86 posted on 04/12/2010 5:42:54 PM PDT by Norman Bates
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To: okie01

I do realise beyond any doubt that capitalism is the only system that ever has really worked. This remains true and probably because of human nature will always be the case. The shrinking middle class,though, must be addressed. Service jobs will not do this. Green manufacturing jobs will not either. We need value added jobs such as manufacturing and mining.
I realise that modern environmental regulation make this all but impossible, so it is not the fault of corporations for the most past. It seems though my original statement bears some truth. Example: G.E. lighting Division in N.C. has always been a profitable division. There was an attempt to relocate production to Mexico.Because the quality could not be achieved there the Mexican plant production was put on hold.This was money and jobs to be taken from a small community. There were no plans to reinvest anything in that community. Unbridled capitalism gave us the Love Canal and sometimes worse.


87 posted on 04/12/2010 5:43:10 PM PDT by rsobin
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To: tflabo

It only doubled because we lost homestead exemption on our property. Everyone in Georgia did. And since my property tax was equal to the homestead exemption, it doubled for me.


88 posted on 04/12/2010 5:45:34 PM PDT by autumnraine (America how long will you be so deaf and dumb to the chariot wheels carrying you to the guillotine?)
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To: library user

Oh for my family its dropped a whole lot more then that.


89 posted on 04/12/2010 5:47:06 PM PDT by linn37 ( "The problem with socialism is that you eventually run out of other peoples money.)
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To: mowowie

[My personal income has dropped a lot farther than 3.2%]

My commissions are the same, I just can’t collect my receivables!


90 posted on 04/12/2010 5:50:01 PM PDT by DaxtonBrown (HARRY: Money Mob & Influence (book on amazon written by me!))
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To: library user

It is still 96.8% too high for Obastard.


91 posted on 04/12/2010 5:50:21 PM PDT by Blood of Tyrants (The US will not die with a whimper. It will die with thundering applause from the left.)
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To: Wissa

Exactly!

My Grandpa (who I miss to this day!) was a young man of 25 during the Depression. He had a wife, a two year old son (my Dad) and his aged Father-in-Law to support.

Grandpa cleaned out barns. He delivered milk and eggs and newspapers. He worked in a bakery. He collected ‘recyclables’ (tin cans and glass bottles and newspapers) for the pennies they would bring. He’d find old furniture at the curb, fix it up and sell it. He’d change the oil in your car or fix a flat for a buck. He’d hunt and fish and glean; anything to make sure his family was fed and housed. He ended up with a stash of yarn from someone...so he learned to knit rather than let it go to waste, LOL!

(My Grandma was VERY wealthy; her side of the family truly lost it ALL during those years; hence the reason for Grandpa having to support his FIL as well as his wife & child.)

And when all of that was over with...what? Seven YEARS of Hard Times and THEN WWII? He went on to be a machinist (due to the war) and eventually made parts for the NASA space missions.

I mean, let’s get a grip, LOL! I’m not going to let the idiots in Congress put ME in the Poor House. I’ll roll up my sleeves and get to work instead of standing around b*tchin’ about it. :)


92 posted on 04/12/2010 5:51:09 PM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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To: Norman Bates

Twelve years ago I came into my inheritence (from the Grandpa who worked so hard in my previous post) and instead of p*ssing it away on a car or a boat or a vacation home or a McMansion (this WAS the Roarin’ 90’s mind you), I bought gold and silver. Not on paper; the physical stuff.

I was just out of the Army three years, and of course I was used to living on next to nothing all that time, LOL! During those years, I had real estate holdings, which I sold at small profits along the way. (Dad managed them for me while I was overseas or in another state.)

So, I bought a small farm, knowing that I could at least FEED myself if push came to shove. (Large garden; orchard, small livestock, etc.)

I’ve been trading commodities since I was a teenager; most girls bought Tiger Beat magazine and lipstick with their allowance; I bought cocoa bean futures. I learned all I could about commodities; remember the Hunt Brothers and silver in the mid-70’s? An excellent example of getting a little too greedy. ;)

I also learned EVERYTHING I could about keeping my tax dollars in MY pocket and out of the hands of Government. After President Reagan, I knew we were sunk for a good, long time...as far as real leadership and fiscal restraint was concerned; and yes, even HE spent more money than I thought necessary!

I’ve always lived below my means. I’m as self-sufficient as I can be, though I don’t want to give up my computer. :)

I read anything I could get my hands on having to do with economics and money and how to make it and how to save it. Seriously, I’ve never made over $40K a year in my entire working life, 35 years and counting; but I lack for nothing.

No secret. Just paying attention to the bottom line, really. You know the good times never last long and the bad times will ALWAYS follow. Be prepared.

I could go on about the Bad Times I’ve lived through, but really, I don’t dwell on the negatives when life is generally so sweet. :)


93 posted on 04/12/2010 6:07:44 PM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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To: Canedawg
Ozero is destroying wealth and destroying the means to recoup lost wealth.

Ozero wants a larger permanent underclass - he is succeeding spectacularly, and the radicals on the left know it.
94 posted on 04/12/2010 6:07:50 PM PDT by Cheerio (Barack Hussein 0bama=The Complete Destruction of American Capitalism)
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To: Diana in Wisconsin

Good lesson there. But you know the government can and has seized gold before.


95 posted on 04/12/2010 6:13:42 PM PDT by Norman Bates
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To: Diana in Wisconsin
No, I promise you that I am happy when someone that deserves it can beat the financial system today. Every facet of the government and media are doing everything that they can do to worsen the problem. The odds are against success for anyone but those directly receiving our stolen future earnings in the form of government jobs, graft, payoffs and grants.

I hope you retain ALL of your hard earnings and attain as much wealth as you can legally. More power to you... that is what I believe in. I am a Capitalist... not a corporatist. I know that you probably will not believe this but I hope that you prove me wrong.

I have owned my own businesses for over 36 years now. I grew them and nurtured them and made myself and others wealthy in the process. Half of what we all built together has been destroyed. I should be so busy at this time that I would normally have to work 30 hours overtime per week. My businesses are not dead but they are at maybe 20% of what we had last year. My customers are all feeling the crunch and hate what is happening to our Country, cannot stand to even listen to obama’s voice and see everything that they ever loved and believed about America being destroyed. This does not make them secure enough to spend any more money than they absolutely have to spend or that they feel justified in spending on right now due to the coming hyper-inflation that will rise and a VAT tax that has been promised... sooner or later... but it will ALL happen.

LLS

96 posted on 04/12/2010 6:19:29 PM PDT by LibLieSlayer ( WOLVERINES!)
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To: library user

nah NY times says we should not be worried all is well as they have to lay off their own workers,

that is so far out of the mainstream and how far they push their B/S and now this


97 posted on 04/12/2010 6:20:54 PM PDT by manc (WILL OBAMA EVER GO TO CHURCH ON A SUNDAY OR WILL HE LET THE MEDIA/THE LEFT BE FOOLED FOR EVER)
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To: Norman Bates; Diana in Wisconsin
Good lesson there. But you know the government can and has seized gold before.

I expect Diana will being doing just fine even if they do.

98 posted on 04/12/2010 6:21:07 PM PDT by Wissa (Gone Galt)
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To: DaxtonBrown

Join the club. AR is brutal right now.

I really dont think some people get just how bad things are for many people.


99 posted on 04/12/2010 6:24:01 PM PDT by GlockThe Vote
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To: LibLieSlayer

Thank you! I’m glad you came back and explained yourself. That makes all the difference. I didn’t know your business background. :)

I don’t feel I’m any more ‘deserving’ than the next guy; I truly don’t compete or keep score...I just want Government to leave me the h#ll alone! (I’m sure you do, too.)

Maybe you’re right; I am in a relatively recession-proof business. I manage a Garden Center. Our sales have been up for the past four years; mainly due to people wanting to grow more of their own food and be more self-sufficient. Also, no one can afford to move, so they’re making their ‘nest’ nicer and enjoying the back yard and patio instead of a trip to DisneyLand these days. I’m the one now working those extra 20-30 hours picking up the slack; we had a key person leave our staff right before Crunch Time. (I should be in bed, but FR is my free therapy, LOL!)

So, there is a silver lining to the down times for some of us. Kind of like the Undertaker being really busy during a plague. ;)


100 posted on 04/12/2010 6:31:32 PM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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