Did you not read the last two sentences in the article?
Don't break out the champagne quite yet, though.
Americans' median income is still 4.8% lower than it was at the start of the Great Recession in December 2007 and 5.9% below its January 2000 level
webfoot wrote:
Darn it jamin, now I feel bad about being gruff with you. If you are ever in Eugene I'll buy you a beer and give you some advice. I was stupid in my 20s but didn't have to worry about internet history to document it. Sorry.
well at least you've remained consistent from your 20s. No sense in not being stupid if it got you where you are today!
Roy D. Mercer wrote:
webfoot wrote:Darn it jamin, now I feel bad about being gruff with you. If you are ever in Eugene I'll buy you a beer and give you some advice. I was stupid in my 20s but didn't have to worry about internet history to document it. Sorry.
well at least you've remained consistent from your 20s. No sense in not being stupid if it got you where you are today!
Preach it, brother.
Itty wrote:
http://money.cnn.com/2014/08/20/news/economy/median-income/index.html?iid=HP_LNWell done, POTUS.
..Try telling that to the millions whom are unemployed, the millions whom have given up on finding employment, and those whom have had to move in with mommy and daddy after graduating college and work as clerks at Circle K for minimum wage.
Well done POTUS. Well done indeed!
Hmmm... wrote:
..Try telling that to the millions whom are unemployed, the millions whom have given up on finding employment, and those whom have had to move in with mommy and daddy after graduating college and work as clerks at Circle K for minimum wage.
Isn't posting about it on letsrun doing just that?
Hmmm... wrote:
Itty wrote:http://money.cnn.com/2014/08/20/news/economy/median-income/index.html?iid=HP_LNWell done, POTUS.
..Try telling that to the millions whom are unemployed, the millions whom have given up on finding employment, and those whom have had to move in with mommy and daddy after graduating college and work as clerks at Circle K for minimum wage.
Well done POTUS. Well done indeed!
A record 109 million people are now on welfare. Way to go Obammy.
http://www.cnsnews.com/commentary/terence-p-jeffrey/354-percent-109631000-welfareWorlds greatest wrote:
Hmmm... wrote:..Try telling that to the millions whom are unemployed, the millions whom have given up on finding employment, and those whom have had to move in with mommy and daddy after graduating college and work as clerks at Circle K for minimum wage.
Isn't posting about it on letsrun doing just that?
TOUCHE!
leader of the free world? wrote:
Hmmm... wrote:..Try telling that to the millions whom are unemployed, the millions whom have given up on finding employment, and those whom have had to move in with mommy and daddy after graduating college and work as clerks at Circle K for minimum wage.
Well done POTUS. Well done indeed!
A record 109 million people are now on welfare. Way to go Obammy.
http://www.cnsnews.com/commentary/terence-p-jeffrey/354-percent-109631000-welfare
Liberal Policies "At WORK!"
leader of the free world? wrote:
A record 109 million people are now on welfare. Way to go Obammy.
http://www.cnsnews.com/commentary/terence-p-jeffrey/354-percent-109631000-welfare
I see that reading comprehension is not your strong point. Next time, provide a link that supports your statement.
Ole Timer wrote:
I don't blame pols for personal failings of the citizenry. Too many people bought homes above their price points (and knew it), plus too many people bought homes as "investments" assuming housing values would always go up. Just because you CAN buy something doesn't mean you should, the government (be in Obama, Clinton, Bush, or whoever you want to blame) forced no one to buy a home above their means.
Amen!
Subprime loans are for people with bad credit. I knew a ton of people with good credit that took 1st and 2nd's out on properties, so they were 100% leveraged. Stretched things in other ways. I know appraisers, that would just agree to whatever you asked. And I knew a lot of them that declared bankruptcy when the market crashed. All of the people I know are middle-class, usually making well over $100k per year for their household. We're talking $300k+ houses.
I'm sure sub-prime legislation was part of the problem, but I think it was a small part of the problem. The big problem was people of all classes, with good credit, buying stuff they couldn't afford.