1. If the US is doing as good as you seem to think under Obama why is more than 1 in every 5 Americans homeowners considered underwater with their mortgages?
Forget what Oldtimer says about Valley County Montana where the Bakken Reserve is causing a boom, we are talking about the REST OF THE US. :wink:
2.Why is 1 in 6 Americans worry about where their next paycheck is coming from? Again we are not talking about Valley County Montana where the Bakken Reserve is causing a boom, we are talking about the REST OF THE US where
3.Why is Washington DC now considered the richest city in the US bypassing Silicon Valley? It is even richer than all those cities in Texas where the big greedy oil companies reside so why is a GOVERNMENT CITY richer than any city built by the private sector?
While you ponder the version of personal attack you will use on me to distract the topic I will tell you what I think. :wink:
1. It is because people bought homes way over what they could afford and when the economy collapsed under the weight of Barney Franks, their got caught. They are still underwater as the Dems promised all kinds of bailouts and their bandaids only held in the poison and infected the whole system. So now not only are they underwater but according to this study they are getting paid less to cover their expenses and mortgages. That is if they even have a job.
Which brings me to the Unemployment rate of 7.8% due to all the money Obama spent. Just how many dollars did he spent creating jobs with his Jeffery Imelt headed Jobs Counsel to RAISE THE LONG TERM UNEMPLOYMENT RATE BY 2 FULL PERCENTAGE POINTS? Just think of what the rate could have been if Obama would not have cut all those jobs dealing with offshore drilling or all those jobs building a certain pipeline or maybe OKing a few drilling permits on Federal owned land? :? And gee just think of it, those jobs would not have been government tax payer funded jobs they would have been TAX PAYING JOBS.
And the final question, Washington DC, a GOVERNMENT CITY, is now the riches city in the US because of all that Lobbyist money buying off politicians to get their hands on your hard earned tax dollars. It has surpassed all other cities because politians keep upping your taxes to keep the lobbyists paying for their private lifestyles. I heard today GE spends over $100,000 per day lobbying Washington. We know Imelt's campaign donations bought him a chairmenship of the Jobs Counsel, so I have to wonder what $100,000 PER DAY buys him, while he PAID NO FEDERAL INCOME TAX because he banks his GE profits in an offshore bank to avoid the Dems continuing tax hikes. Flying a chef in from Chicago to make you a pizza costs a lot of dough, as does the finest booze available and flying to Hawaii on separate jets for a family holiday.
Now that I have had my rant as Bullhauler would call it, :wink: Can any of you explain the housing stats, unemployment rate and the wealth of DC? OR will this thread be distracted with typical liberal tactics so you don't have to explain why you think the US is better off under Obama?
Forget what Oldtimer says about Valley County Montana where the Bakken Reserve is causing a boom, we are talking about the REST OF THE US. :wink:
Underwater Homeowners Will Work For Lower Pay
By Karen Weise on December 31, 2012
More than one in five borrowers have underwater mortgage loans—they owe more than their homes are worth. This causes financial stress and emotional pain, but new research shows that underwater mortgages may also cause homeowners to work for less money. In a working paper from the Federal Reserve Bank of Atlanta, researchers Chris Cunningham and Robert Reed found that all things being equal, having an underwater mortgage causes a 5 percent to 9 percent decline in real wages.
2.Why is 1 in 6 Americans worry about where their next paycheck is coming from? Again we are not talking about Valley County Montana where the Bakken Reserve is causing a boom, we are talking about the REST OF THE US where
I wonder if this unemployment rate is why Harry Reid's son Rory works for a Chinese solar plant? :?US Unemployment Rate: 7.80% for Dec 2012
US Unemployment Rate is at 7.80%, compared to 7.80% last month and 8.50% last year. This is higher than the long term average of 5.80%.
3.Why is Washington DC now considered the richest city in the US bypassing Silicon Valley? It is even richer than all those cities in Texas where the big greedy oil companies reside so why is a GOVERNMENT CITY richer than any city built by the private sector?
While you ponder the version of personal attack you will use on me to distract the topic I will tell you what I think. :wink:
1. It is because people bought homes way over what they could afford and when the economy collapsed under the weight of Barney Franks, their got caught. They are still underwater as the Dems promised all kinds of bailouts and their bandaids only held in the poison and infected the whole system. So now not only are they underwater but according to this study they are getting paid less to cover their expenses and mortgages. That is if they even have a job.
Which brings me to the Unemployment rate of 7.8% due to all the money Obama spent. Just how many dollars did he spent creating jobs with his Jeffery Imelt headed Jobs Counsel to RAISE THE LONG TERM UNEMPLOYMENT RATE BY 2 FULL PERCENTAGE POINTS? Just think of what the rate could have been if Obama would not have cut all those jobs dealing with offshore drilling or all those jobs building a certain pipeline or maybe OKing a few drilling permits on Federal owned land? :? And gee just think of it, those jobs would not have been government tax payer funded jobs they would have been TAX PAYING JOBS.
And the final question, Washington DC, a GOVERNMENT CITY, is now the riches city in the US because of all that Lobbyist money buying off politicians to get their hands on your hard earned tax dollars. It has surpassed all other cities because politians keep upping your taxes to keep the lobbyists paying for their private lifestyles. I heard today GE spends over $100,000 per day lobbying Washington. We know Imelt's campaign donations bought him a chairmenship of the Jobs Counsel, so I have to wonder what $100,000 PER DAY buys him, while he PAID NO FEDERAL INCOME TAX because he banks his GE profits in an offshore bank to avoid the Dems continuing tax hikes. Flying a chef in from Chicago to make you a pizza costs a lot of dough, as does the finest booze available and flying to Hawaii on separate jets for a family holiday.
Now that I have had my rant as Bullhauler would call it, :wink: Can any of you explain the housing stats, unemployment rate and the wealth of DC? OR will this thread be distracted with typical liberal tactics so you don't have to explain why you think the US is better off under Obama?