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progressoid

(53,168 posts)

78. If by 'many' you mean 'few'.

Sat Dec 6, 2014, 01:41 PM

Dec 2014

Even the White House has admitted this.

‘Little Benefit’

The wealthiest 10 percent of families earn 11 percent of their annual income from capital gains, interest and dividends, according to the Fed. The poorest three-quarters get less than 0.5 percent of their income from such sources.

“Many moderate- and middle-income households have seen little benefit from recent stock market gains and are still grappling with the implications of home prices that, despite recent progress, remain well below their previous highs,” the White House economic team wrote in a March 10 blog post.

The Bloomberg poll offered little cheer for the White House on the economic mood: 42 percent of respondents approve of Obama’s efforts to make people feel more secure economically while 52 percent disapprove. “He’s done a very poor job,” said Robin Walker, 41, a part-time executive assistant in Tucson, Arizona. “Low-income people get all the blessings, while those of us who work out butts off -- we get nothing.”

http://www.bloomberg.com/news/2014-03-12/stock-market-surge-bypasses-most-americans-poll-shows.html

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Do I have this right: Obama shouldn't get credit for saving the US economy [View all] apples and oranges Dec 2014 OP

He's supposed to be MAGIC!!! bravenak Dec 2014 #1

Well, in a way, he is. Major Hogwash Dec 2014 #61

Hell yeah!! bravenak Dec 2014 #66

His legacy will go down as one of the best in history. JaneyVee Dec 2014 #2

In neighborhoods, the reality is crushing. Savannahmann Dec 2014 #8

Technology, automation, and China. What now? apples and oranges Dec 2014 #14

President Obama will tell you the solution is the TPP or SHAFTA Elmer S. E. Dump Dec 2014 #31

"SHAFTA" Brilliant! Odin2005 Dec 2014 #57

I can't remember where I heard that - some MSNBC show Elmer S. E. Dump Dec 2014 #91

Well I suppose we can dismiss this reply eh? Savannahmann Dec 2014 #33

The labor participation rate isn't really a statistic to gripe about bhikkhu Dec 2014 #18

You do know that was one of the numbers right? Savannahmann Dec 2014 #34

62.8% currently bhikkhu Dec 2014 #40

An utterly false chart. former9thward Dec 2014 #46

The increase in the labor participation rate is largely due to women entering the workforce bhikkhu Dec 2014 #48

The drop in the labor participation rate is not voluntary. former9thward Dec 2014 #73

Same old BS Andy823 Dec 2014 #23

+100 nt okaawhatever Dec 2014 #26

Have I ever given President Obama credit? Savannahmann Dec 2014 #39

I will give you credit for that one Andy823 Dec 2014 #79

What is the popularity of the party in polling? Savannahmann Dec 2014 #90

Yeah, Good News and the ODS Crowd busts out the Cha Dec 2014 #103

Agree with you on the fact that it's not so rosy for many GitRDun Dec 2014 #41

On Guantanamo btw . . . brush Dec 2014 #42

I am aware of Congress role. GitRDun Dec 2014 #43

Oh HELL YES ^^^THIS^^^ 99Forever Dec 2014 #71

Human beings don't live on paper. Odin2005 Dec 2014 #56

Hahahahahaha!!!!!!!!!! Major Hogwash Dec 2014 #62

Keep laughing, bro. Odin2005 Dec 2014 #63

I will, if you keep posting insane shit like that!! Hahahaha!!!! Major Hogwash Dec 2014 #64

You must be one of the senators one of FDR's cabinet members was talking to when... Odin2005 Dec 2014 #65

Really, eh?... SidDithers Dec 2014 #87

Legacies do though. JaneyVee Dec 2014 #68

But we have to govern by abstractions. Alittleliberal Dec 2014 #74

You must be smoking some gooood stuff. nm rhett o rick Dec 2014 #95

Thanks. elleng Dec 2014 #3

Most people are complaining about the number of part-time jobs and the lower wages. All recoveries okaawhatever Dec 2014 #4

You say F$%k the naysayers. I take that to mean you say F$%k to those making up rhett o rick Dec 2014 #96

Hyperbole much? My F$%k the naysayers comment was directed only at those who are okaawhatever Dec 2014 #97

Go ahead and celebrate your statistics. I'll celebrate when people I know personally rhett o rick Dec 2014 #105

I would say the workers who got their jobs back in the auto industry are not complaining Thinkingabout Dec 2014 #5

I don't believe that the economy has been "saved", yet. razorman Dec 2014 #6

Very interesting. OilemFirchen Dec 2014 #10

Exactly - nothing has really been passed for years. TampaAnimusVortex Dec 2014 #13

What the fed is doing, cheap cash in unlimited quantities, is huge. Low interest rates for years and Fred Sanders Dec 2014 #22

Well the question was what had the president done, not the fed. TampaAnimusVortex Dec 2014 #72

I remember the situation when Obama took over, some choose not to. Fred Sanders Dec 2014 #75

And this has what to do with anything? TampaAnimusVortex Dec 2014 #83

Aside from the fact that I am not convinced that it is really growing(at least not much), razorman Dec 2014 #20

You also talked about credit or blame, and its indisputable that the Pukes Elmer S. E. Dump Dec 2014 #35

If you don't toot your own horn the band will play their theme. nt CK_John Dec 2014 #7

Amen! Time for this admin to toot their own horn! nt babylonsister Dec 2014 #16

This. riqster Dec 2014 #104

His instincts on the state of the US economy was right, Old and In the Way Dec 2014 #9

Depends on if you're one of the people he helped save the economy for unrepentant progress Dec 2014 #11

"Most aren't" = BS. apples and oranges Dec 2014 #15

How soon some forget 2009... n/t Elmer S. E. Dump Dec 2014 #37

"Recovery bypassed 90% of American families-who have gained 0 in terms of wealth/income" progressoid Dec 2014 #50

Now the goal post has moved. I know people driving luxury cars who have no savings apples and oranges Dec 2014 #53

Nope. progressoid Dec 2014 #59

Excellent posts in this subthread. Thank you for all the links woo me with science Dec 2014 #100

A depression averted: are you kidding? Did you know a babylonsister Dec 2014 #17

You got it right. Obama gets credit for nothing, only blame. notadmblnd Dec 2014 #12

Two possibilities: Vattel Dec 2014 #19

You may have noticed that it was easier to fake support for the first-time black President, kelliekat44 Dec 2014 #21

Exactly Andy823 Dec 2014 #27

Now that you mention it, that describes the last 6 years of dems in congress well bhikkhu Dec 2014 #49

It's not better for VFX workers in Los Angeles abelenkpe Dec 2014 #24

Yes you have it right Andy823 Dec 2014 #25

Not all are right wingers. There is a pretty large Socialist contingent here. Not European Socialist okaawhatever Dec 2014 #29

Marxist here. U MAD BRO? U MAD??? Odin2005 Dec 2014 #58

There is a large Kermitt Gribble Dec 2014 #70

The reason he doesn't get credit is because minimum wage has been stagnant. People are working jillan Dec 2014 #28

Love your post, too true flamingdem Dec 2014 #30

There will always be people unemployed or sruggling financially, except not so many. Only demosincebirth Dec 2014 #32

Classic example of a bullshit argument MFrohike Dec 2014 #36

^^^^Good post.^^^^ This administration *covers up* Wall Street criminality woo me with science Dec 2014 #98

Here ya go..... DeSwiss Dec 2014 #38

Well I for one am willing to give him complete credit for the high profits of his Wall Street rhett o rick Dec 2014 #44

Why don't you ask those going out on strike for a decent wage if they think Obama rhett o rick Dec 2014 #45

So tell me one thing Andy823 Dec 2014 #80

Some here want it both ways. They want to give Pres Obama credit for the "recovery" and yet rhett o rick Dec 2014 #84

Many middle class families are depending on that stock market for their retirement apples and oranges Dec 2014 #54

I would love to see the numbers as to how many middle class families are getting retirements. rhett o rick Dec 2014 #77

If by 'many' you mean 'few'. progressoid Dec 2014 #78

Good for you, apples and oranges sticking up for what is evident.. Cha Dec 2014 #47

+10000000 nt steve2470 Dec 2014 #99

This message was self-deleted by its author 1000words Dec 2014 #51

Rachel Maddow pointed out it's the best since 1999, with charts, naming names.... Hekate Dec 2014 #52

Problem is you can't have it both ways. Not holding the President accountable for the state of the rhett o rick Dec 2014 #89

Where do you live? Major Hogwash Dec 2014 #93

Washington the State rhett o rick Dec 2014 #94

Nobody saved the US economy. The Banksters got saved, the rest of us were told to fuck off. Odin2005 Dec 2014 #55

Ya, right after Obama slashed Social Security and cut food stamps, he doesn't get credit for it. Major Hogwash Dec 2014 #60

No kidding! It is ridiculous how dems and repubs alike refuse to.... bobGandolf Dec 2014 #67

Yes, I do think you have it "right." Righties in their uncomfortable tighties want that to be the lonestarnot Dec 2014 #69

If John McCain would have won in 2008 INdemo Dec 2014 #76

Obama saved a shitty system rusty fender Dec 2014 #81

k&r.... spanone Dec 2014 #82

DU rec... SidDithers Dec 2014 #85

"More tears are shed over answered prayers than unanswered ones."-St. Teresa Of Avila DemocratSinceBirth Dec 2014 #86

He should get credit for this diseased debt bubble of an economy LittleBlue Dec 2014 #88

President Obama has consistently lowered the deficits every single year he has been in office. Major Hogwash Dec 2014 #92

Obama stemmed the panic, but it's hard to say he 'saved' the economy Albertoo Dec 2014 #101

how can someone get credit for something that hasn't happened? Man from Pickens Dec 2014 #102

Without Congressional help what specifically did the President to rhett o rick Dec 2014 #106