Warpath  

Home | Forums | Salary Cap Info | Shop | Donate | Stay Connected




Go Back   Warpath > Off-Topic Discussion > Debating with the enemy


Income falls 3.2% during Obama's term thus far

Debating with the enemy


Reply
 
LinkBack Thread Tools Display Modes
Old 04-12-2010, 11:12 PM   #1
Swearinger
 
GMScud's Avatar
 
Join Date: Sep 2006
Location: Washington, DC
Age: 35
Posts: 12,623
Income falls 3.2% during Obama's term thus far

...and the White House has no comment.

Income falls 3.2% during Obama's term - Washington Times

(On a side note, he's bowing his head to communists now)
__________________
Insert witty signature here
GMScud is offline   Reply With Quote

Advertisements
Old 04-12-2010, 11:14 PM   #2
Gamebreaker
 
tryfuhl's Avatar
 
Join Date: Mar 2008
Location: Waldorf, MD
Age: 30
Posts: 12,514
Re: Income falls 3.2% during Obama's term thus far

That was to be expected well before, no matter who took office.
tryfuhl is offline   Reply With Quote
Old 04-12-2010, 11:33 PM   #3
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,217
Re: Income falls 3.2% during Obama's term thus far

To be fair when interpreting this, it's important to note that the biggest driver of per-capita income is the number of paying jobs there are out there. As companies have been laying people off, obviously that takes a toll on income earned.

So this is not to say that pay is going down 3.2% among those who have jobs. This is to say income is staying flat for those who have jobs, but because we've shed so many jobs, the overall per-capita income has taken a hit.

One could then pick at the jobs issue and take aim at Obama's policies on jobs. But the reality is the economy was going in the crapper regardless of his policies.

The federal government, simply put, has very little control over the course of the nation's economy. Even the Federal Reserve has limited impact.
Schneed10 is offline   Reply With Quote
Old 04-12-2010, 11:35 PM   #4
Swearinger
 
GMScud's Avatar
 
Join Date: Sep 2006
Location: Washington, DC
Age: 35
Posts: 12,623
Re: Income falls 3.2% during Obama's term thus far

Quote:
Originally Posted by tryfuhl View Post
That was to be expected well before, no matter who took office.
I don't deny that it's going to take some time before we can accurately judge the affects of the Obama administration's drastic fiscal measures, but they sure aren't moving in the right direction as of yet.
__________________
Insert witty signature here
GMScud is offline   Reply With Quote
Old 04-12-2010, 11:41 PM   #5
Swearinger
 
GMScud's Avatar
 
Join Date: Sep 2006
Location: Washington, DC
Age: 35
Posts: 12,623
Re: Income falls 3.2% during Obama's term thus far

Quote:
Originally Posted by Schneed10 View Post
To be fair when interpreting this, it's important to note that the biggest driver of per-capita income is the number of paying jobs there are out there. As companies have been laying people off, obviously that takes a toll on income earned.

So this is not to say that pay is going down 3.2% among those who have jobs. This is to say income is staying flat for those who have jobs, but because we've shed so many jobs, the overall per-capita income has taken a hit.

One could then pick at the jobs issue and take aim at Obama's policies on jobs. But the reality is the economy was going in the crapper regardless of his policies.

The federal government, simply put, has very little control over the course of the nation's economy. Even the Federal Reserve has limited impact.
Correct. I'm no economist. Far from it. However government payouts are way up (SS, unemployment benefits, medicare, foodstamps, etc), and despite a $900B stimulus plan, numbers continue to move further into the red. No bueno.

You can easily say Obama inherited this issue. You can also easily say at this point his measures to correct said issue have been ineffective thus far, and have pushed our debt/deficit to record levels.

All in all government is total shit show right now, on both sides of the aisle.
__________________
Insert witty signature here
GMScud is offline   Reply With Quote
Old 04-12-2010, 11:42 PM   #6
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,217
Re: Income falls 3.2% during Obama's term thus far

Quote:
Originally Posted by GMScud View Post
I don't deny that it's going to take some time before we can accurately judge the affects of the Obama administrations drastic fiscal measures, but they sure aren't moving in the right direction as of yet.
Just wait until he unfairly has to take the heat for the double-dip recession that's coming in the next 12-18 months thanks to a second wave of bad mortgages and lending practices.

That will be the thing that forces him out of office, when the country (and the GOP) blames his policies for a double dip recession (assuming the GOP doesn't nominate Palin, Obama could defeat Palin in a 1934 economy).
Schneed10 is offline   Reply With Quote
Old 04-12-2010, 11:46 PM   #7
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,217
Re: Income falls 3.2% during Obama's term thus far

Quote:
Originally Posted by GMScud View Post
You can easily say Obama inherited this issue. You can also easily say at this point his measures to correct said issue have been ineffective thus far, and have pushed our debt/deficit to record levels.

All in all government is total shit show right now, on both sides of the aisle.
I would say that he inherited the problem 100% (can't blame him), that he has indeed pushed our deficit to record levels (can blame him), but the jury is still way out on his policies.

Judging his policies now would be akin to judging a rookie QB on his preseason performance, before he ever makes his regular season debut. You just need to give it enough time to pass meaningful judgment.

But as for our government's shit show, I'm right there with you on that. The whole thing stinks.
Schneed10 is offline   Reply With Quote
Old 04-13-2010, 12:07 AM   #8
Most Interesting Man in the World
 
hooskins's Avatar
 
Join Date: Dec 2005
Location: Chantilly, VA
Age: 26
Posts: 8,606
Re: Income falls 3.2% during Obama's term thus far

firstdown just got some movement.
__________________
Vacancy
hooskins is offline   Reply With Quote
Old 04-13-2010, 12:12 AM   #9
Gamebreaker
 
tryfuhl's Avatar
 
Join Date: Mar 2008
Location: Waldorf, MD
Age: 30
Posts: 12,514
Re: Income falls 3.2% during Obama's term thus far

Quote:
Originally Posted by GMScud View Post
I don't deny that it's going to take some time before we can accurately judge the affects of the Obama administration's drastic fiscal measures, but they sure aren't moving in the right direction as of yet.
Hell we can't really even judge Reagan's policies. There's still great debate on that. Either way, it's been trending this way for awhile. Loss of jobs, etc doesn't change overnight, within a year, etc after so long of fiscal irresponsibility.
tryfuhl is offline   Reply With Quote
Old 04-13-2010, 02:41 AM   #10
Eternally Legendary
 
saden1's Avatar
 
Join Date: Feb 2004
Location: Seattle
Age: 34
Posts: 9,841
Re: Income falls 3.2% during Obama's term thus far

LOL...Viceroy Drudge strikes again. A near depression and people are worried about 3.2% drop in income? Unfuckingbelievable. You should be thanking your lucky stars the stimulus passed and it's only a 3.2% dip.

I suppose birds of a feather flock together...flap flap.

__________________
"The Redskins have always suffered from chronic organizational deformities under Snyder."

-Jenkins

Last edited by saden1; 04-13-2010 at 03:19 AM.
saden1 is offline   Reply With Quote
Old 04-13-2010, 08:04 AM   #11
The Starter
 
budw38's Avatar
 
Join Date: Mar 2006
Location: Northern,Va.
Posts: 2,362
Re: Income falls 3.2% during Obama's term thus far

Quote:
Originally Posted by Schneed10 View Post
Just wait until he unfairly has to take the heat for the double-dip recession that's coming in the next 12-18 months thanks to a second wave of bad mortgages and lending practices.

That will be the thing that forces him out of office, when the country (and the GOP) blames his policies for a double dip recession (assuming the GOP doesn't nominate Palin, Obama could defeat Palin in a 1934 economy).
It is not Obama's fault we have the problems that were in place when he got elected , but the Clinton Admin. policies < his cabinent members ran , Fannie/ Aig / Citigroup / GS. ect. caused < in part > the problems ... » Robert Rubin: The Nexus Of Big Government and Wall Street - Big Government. The Glass-steagall Act’s Loss is the Community Reinvestment Act’s Gain . Financial Crisis: The Blame Continues, with No End in Sight - FOXBusiness.com
budw38 is offline   Reply With Quote
Old 04-13-2010, 08:14 AM   #12
MVP
 
dmek25's Avatar
 
Join Date: Oct 2005
Location: lancaster,pa
Age: 52
Posts: 10,504
Re: Income falls 3.2% during Obama's term thus far

thank god for Fox. if they weren't around, who would we have to blame all ill will on the Dem's?
__________________
"It's better to be quiet and thought a fool than to open ones mouth and remove all doubt."
courtesy of 53fan
dmek25 is offline   Reply With Quote
Old 04-13-2010, 08:21 AM   #13
MVP
 
dmek25's Avatar
 
Join Date: Oct 2005
Location: lancaster,pa
Age: 52
Posts: 10,504
Re: Income falls 3.2% during Obama's term thus far


you have to start somewhere
__________________
"It's better to be quiet and thought a fool than to open ones mouth and remove all doubt."
courtesy of 53fan
dmek25 is offline   Reply With Quote
Old 04-13-2010, 08:25 AM   #14
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,217
Re: Income falls 3.2% during Obama's term thus far

Quote:
Originally Posted by dmek25 View Post

you have to start somewhere
That's nice, but the performance of the stock market has ZERO to do with the administration in place.
Schneed10 is offline   Reply With Quote
Old 04-13-2010, 08:29 AM   #15
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,217
Re: Income falls 3.2% during Obama's term thus far

Quote:
Originally Posted by budw38 View Post
It is not Obama's fault we have the problems that were in place when he got elected , but the Clinton Admin. policies < his cabinent members ran , Fannie/ Aig / Citigroup / GS. ect. caused < in part > the problems ... » Robert Rubin: The Nexus Of Big Government and Wall Street - Big Government. The Glass-steagall Act’s Loss is the Community Reinvestment Act’s Gain . Financial Crisis: The Blame Continues, with No End in Sight - FOXBusiness.com
Agreed, we had years and years of various factors leading up to this.

I blame the lack of savings and growing consumerism amongst the general populace, more than anything. In the 90s and 00s, Americans just decided they didn't need to save money anymore.
Schneed10 is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 05:44 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
This site is not officially affiliated with the Washington Redskins or the NFL.
Page generated in 0.28459 seconds with 9 queries

Search Engine Friendly URLs by vBSEO 3.2.0 RC5

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25