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Forums - Politics - Dow Jones is highest it has ever been! Thank Obama and His strategies?

Demensha on 13 May 2013
chapset said:
It's weird how the money hasn't tricking down yet


Speak for yourself. 5 years ago I was about to lose my home. jobs were being slashed all around me insurance was sky high. Fast forward to today my home mortgage is half what it was with a 2% interest rate lowest that's been in decades. I purchased a new 2012 Chevy traverse for my wife I bought a new 3.8 premium version genesis coup( granted I had to trade in my corvette). My insurance is 40% of what it was my taxes are lower. I don't understand why people are complaining. Get over yourselves and look around us minus gas it's a lot better out there than the last 5 years. Hell the value of my home has doubled in 3 years. My bank account has never been larger. If you have not picked up two or three homes to rent out over the last few years you lost out. Easy money. People who complain are the ones who sit on the couch and want crap for free or they are avid fox news watchers. 



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Demensha on 13 May 2013
Kasz216 said:
theprof00 said:
Politics is sickening. What a waste of time.
Country is back on track lets fucking shit on obama over and over.
Makes sense.


It's really only on track if your SUPER rich or own stocks.  

The stock market is up, great for people who own money or stocks. (Think people in unions, with retirement plans, smarter frugal people)

~120% or so of income growth has gone to the top 1% (in otherwords, the bottom 99% have lost income, more specifically the less rich and middle class.  Hence why the gini coefficent isn't hugely effected. Also worth noting, it's not even the 1% so much as specific people in that one percent that are in specific fields.  Like stocks.)

and non payroll benefits actually saw a reduction last economic report, in the first time in a long time... as people get ready for Obamacare, because Obamacare penalties are based on employee numbers at the end of... I want to say this year. (Maybe 2014?)  

 

Which is sadly ironic.

Though again.. that's thanks to Bernake, not Obama.  Monetary policy can't really help the poor and lower middle class... since they rarely have access to financial institutions... and things that only increase the stock market increase the value of already owned assets... and who wants to sell those assets when they're the only things doing well?

The stimulus hasn't really done anything... for different reasons ranging from "Stimulus don't work" to the Keynsian interpretation of "Stimulus' don't work when you have a high trade deficit".

Really? That is the problem people use the I'm not rich excuse. How do you think They got rich in the first place? Buy stocks and like I said before if you have not picked up a few rentals properties you lost out. Idiots were selling their homes for under 50k in good condition easy purchase and rent scenario.



outlawauron on 13 May 2013
Demensha said:
chapset said:
It's weird how the money hasn't tricking down yet


Speak for yourself. 5 years ago I was about to lose my home. jobs were being slashed all around me insurance was sky high. Fast forward to today my home mortgage is half what it was with a 2% interest rate lowest that's been in decades. I purchased a new 2012 Chevy traverse for my wife I bought a new 3.8 premium version genesis coup( granted I had to trade in my corvette). My insurance is 40% of what it was my taxes are lower. I don't understand why people are complaining. Get over yourselves and look around us minus gas it's a lot better out there than the last 5 years. Hell the value of my home has doubled in 3 years. My bank account has never been larger. If you have not picked up two or three homes to rent out over the last few years you lost out. Easy money. People who complain are the ones who sit on the couch and want crap for free or they are avid fox news watchers. 

I'm curious as to where you live for the interest rate to be so low. (and for your taxes to be lower as well as lower insurance costs, as mine are up)



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Kasz216 on 13 May 2013
Demensha said:
Kasz216 said:
theprof00 said:
Politics is sickening. What a waste of time.
Country is back on track lets fucking shit on obama over and over.
Makes sense.


It's really only on track if your SUPER rich or own stocks.  

The stock market is up, great for people who own money or stocks. (Think people in unions, with retirement plans, smarter frugal people)

~120% or so of income growth has gone to the top 1% (in otherwords, the bottom 99% have lost income, more specifically the less rich and middle class.  Hence why the gini coefficent isn't hugely effected. Also worth noting, it's not even the 1% so much as specific people in that one percent that are in specific fields.  Like stocks.)

and non payroll benefits actually saw a reduction last economic report, in the first time in a long time... as people get ready for Obamacare, because Obamacare penalties are based on employee numbers at the end of... I want to say this year. (Maybe 2014?)  

 

Which is sadly ironic.

Though again.. that's thanks to Bernake, not Obama.  Monetary policy can't really help the poor and lower middle class... since they rarely have access to financial institutions... and things that only increase the stock market increase the value of already owned assets... and who wants to sell those assets when they're the only things doing well?

The stimulus hasn't really done anything... for different reasons ranging from "Stimulus don't work" to the Keynsian interpretation of "Stimulus' don't work when you have a high trade deficit".

Really? That is the problem people use the I'm not rich excuse. How do you think They got rich in the first place? Buy stocks and like I said before if you have not picked up a few rentals properties you lost out. Idiots were selling their homes for under 50k in good condition easy purchase and rent scenario.

Actually, a lot of people got rich by other means... most people actually get rich via starting their own company, getting good jobs... etc.

Though i'm not really seeing how that's relevant to the topic at hand.

Espiecally since artifically inflated stocks now, likely mean a crash later, unless you convert it into something else... though that really doesn't prevent the fact that somebody is going to be stuck holding the bag.  Though considering just how low frequency in the market has been lately...



Ckmlb1 on 15 May 2013
chapset said:
It's weird how the money hasn't tricking down yet

The effects of trickle down economics are vastly exaggerated. Of course if some parts of the economy improve then other parts can be positively effected, but the actual trickling down of lots of wealth is a myth. There were still huge pockets of poverty in the Clinton boom years. 



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