Posted on 06/15/2012 7:50:46 PM PDT by Kaslin
Round about this time in the election cycle, a presidential challenger finds himself on the stump and posing a simple test to voters: "Ask yourself — are you better off now than you were four years ago?"
But, in fact, you don't need to ask yourself, because the Federal Reserve Board's Survey of Consumer Finances has done it for you. Between 2007 and 2010, Americans' median net worth fell 38.8% — or from $126,400 per family to $77,300 per family. Oh, dear. As I mentioned a few months ago, when readers asked me to recommend countries they could flee to, most of the countries worth fleeing to Americans can no longer afford to live in.
Which means we'll just have to fix things here. How likely is Barack Obama to do this? A few days ago he came to Cleveland, a city that is a byword for economic dynamism, fiscal prudence, and sound government. He gave a 54-minute address that tried the patience even of the most doting court eunuchs.
"One of the worst speeches I've ever heard Barack Obama make," pronounced MSNBC's Jonathan Alter, as loyal Democrat attendees fled the arena to volunteer for the ObamaCare death-panel pilot program.
In fairness to the president, I wouldn't say it was that much worse, or duller, or more listless and inert than previous Obama speeches. In fact, much of it was exactly the same guff he was peddling when Jonathan Alter's pals were still hailing him as the world's greatest orator. The problem is the ever widening gulf between the speech and the slough of despond all about.
Take, for example, the attempt at soaring rhetoric:
(Excerpt) Read more at news.investors.com ...
How likely?
0.
Is Intrade needing a sucker bet or something?
ICE COLD ZERO.
How likely is Barney Frank to go straight?
How likely is the Pope going Mormon?
it’s much worse then stated when you realize net worth is really just a measure of buying power.
so what has happened to the average family’s buying power?
the avg gold price per ounce in 2007 was $695/oz. this means the avg family was worth about 181 ounces of gold.
today, gold is priced at $1626/oz while the avg family’s net worth is $77,300 ... or 48 ounces of gold
181 ounces ... to 48.
that’s a 73% drop in buying power
how’s that change working out for you
False premise. Obama IS AMERICA'S PROBLEM...
Very good, stupid question...
Exactly, and he will ask for a third term.
Obama’s whole life’s philosophy of authoritarian socialism and his type of cronyism are historical, abject failures.
I’ll play it safe and say he has a Zero of a chance. It’s better than a negative number. ..I think. ;-)
Posted earlier under a different title.
As likely as I am to discover the secret to 500 degree Fahrenheit superconductivity ...here at my house...
How likely does he even want to?
How likely is Sandra Fluke to join the Tea Party?
How likely was Rose Kennedy to never wear a black dress?
Yea, sorry no offense but... it’s a really dumb question, and it’s even more compounded by he most resent idiotic, asinine move, check this out.
Obama Bypasses Congress on DREAM Act, Stops Deporting Young Illegals
http://www.breitbart.com/Big-Government/2012/06/15/Illegals-Obama-Bypasses-Congress
As if our jobless and crime rate wasn’t bad enough?????
OMG!!!!
He is a mad man at the controls!!!
“How likely is Barack Obama to fix America’s problems”
If Uncle Fred had boobs he’d be Aunt Ruth.
"[A]n old Soviet academic joke: the faculty party chief assembles his party cadres and, warning against various ideological threats, proclaims, 'The future is certain. It’s only that damned past that keeps changing.'"
It's from a website of an American reporter Claire Berlinski living in Istanbul.
Her very interesting column includes what wikileak cables from our ambassadors to Turkey revealed especially Bush's U.S. Ambassador to Turkey Eric S. Edelman. Here. In case anyone is interested.
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