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In reply to the discussion: So Manny... why are you so pissed off all the time? Things are actually pretty good. [View all]SunsetDreams
(8,571 posts)63. Daily KOS was not blaming Obama and neither
was Financial adviser Doug Short.
Kos
As can be seen, the trend has been upward since late 2010, 16 months after the National Bureau of Economic Research says the Great Recession ended. In fact, as Short notes, the "latest monthly gain was the second largest of the 170 data points in this series since the turn of the century."
Short
The next chart is my preferred way to show the nominal and real household incomethe percent change over time. Essentially I have taken the monthly series for both the nominal and real household incomes and divided them by their respective values at the beginning of 2000. The advantage to this approach is that it clearly quantifies the changes in both series and avoids a common distraction of using dollar amounts ("How does my household stack up?"
. [...]
The stunning reality illustrated here is that the real median household income series spent most of the first nine years of the 21st century struggling slightly below its purchasing power at the turn of the century. Real incomes (the blue line) hit an interim peak at a fractional 0.7% in early 2008, far below the nominal illusionary peak (as in money illusion) of 27.2% six months later and now at 30.3%, an all-time high. In contrast, the real recovery from the trough has been depressingly slight, although at first blush the latest monthly data, as I mentioned above, is the second largest of the century so far.
The stunning reality illustrated here is that the real median household income series spent most of the first nine years of the 21st century struggling slightly below its purchasing power at the turn of the century. Real incomes (the blue line) hit an interim peak at a fractional 0.7% in early 2008, far below the nominal illusionary peak (as in money illusion) of 27.2% six months later and now at 30.3%, an all-time high. In contrast, the real recovery from the trough has been depressingly slight, although at first blush the latest monthly data, as I mentioned above, is the second largest of the century so far.
Kos
Just one more example of how the guys who wrecked the economy keep taking their toll on the rest of us.
http://www.dailykos.com/story/2014/04/01/1288929/-Chart-s-of-the-Day-Median-income
Surely you don't think they mean Obama do you?
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So Manny... why are you so pissed off all the time? Things are actually pretty good. [View all]
MannyGoldstein
Apr 2014
OP
Spot on Manny. He could have banged heads, but instead tried to make friends with those
GoneFishin
Apr 2014
#167
Because SCHIP expansions had already passed twice while GWB was president
Progressive dog
Apr 2014
#161
Is that always your first response, to blame our President? Shame on you. n/t
A Simple Game
Apr 2014
#94
A little sedation would help a lot. They can't stand Manny but won't stay out of his threads
Autumn
Apr 2014
#104
Yep. I think its a case of some Obama hard core supporters thinking these are the best days ever,
quinnox
Apr 2014
#20
Democrats haven't held the Senate, the House or the Presidency for 50 years?
Fumesucker
Apr 2014
#84
I let it slip about KOS. It won't happen again, hopefully this thread will sink, and it can remain
quinnox
Apr 2014
#64
Look, Manny frequently calls out the President for things many of us don't see as his fault.
randome
Apr 2014
#117
Our common enemy is the GOP. For some reason, you want it to be the President.
randome
Apr 2014
#108
But is it Manny who is pissed off or the character he plays on the internet?
LordGlenconner
Apr 2014
#144
Then why do you continuously BASH the party that HAS given us progress?
VanillaRhapsody
Apr 2014
#118
Because they are giving a small number of those who already have far more of the pie
Fumesucker
Apr 2014
#119
My Grandmother who VOTED for FDR told me ALL Boats rise under Democrats....ONLY
VanillaRhapsody
Apr 2014
#120
That hasn't been adequately the case for the last thirty plus years unfortunately
Fumesucker
Apr 2014
#121
You are defending the make believe....FACTS are ALL Boats rise under Democrats...
VanillaRhapsody
Apr 2014
#133
Because I adore and so enjoy talking to Fumesucker. Why are you in this conversation?
Autumn
Apr 2014
#138
Of course you don't....BECAUSE its the very fact you want to ignore...
VanillaRhapsody
Apr 2014
#150