The net worth of the American family has fallen to its lowest level in two decades, according to government data released Monday, driven by a more than 40 percent drop in their stakes in their homes.
The Federal Reserve’s detailed survey of consumer finances showed families’ median wealth plunged from $126,400 in 2007 to $77,300 in 2010 — a 39 percent decline. That put them on par with median wealth in 1992.
Please go on MT... Just when, in your opinion, did the American economy suffer such a disaster that it bled 40% of our wealth???
My opinion... it started in 2005-2008 and is now in a slow (very slow) recovery.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Quoted from MobileTerminal In my best Tom voice ... "it's all GWB's fault"
Please go on MT... Just when, in your opinion, did the American economy suffer such a disaster that it bled 40% of our wealth???
My opinion... it started in 2005-2008 and is now in a slow (very slow) recovery.
And MT still doesn't blame GWB!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
this should be a surprise to no one. The globalist elitists have been planning this for decades!! Everyone in the world would be at the mercy of their government for their survival. The banks, corporations and the political globalist elitists will rule!
That was the plan......and unless someone other than romney or obama become president.......the globalist elitists have finally won!!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
That was the plan......and unless someone other than romney or obama become president.......the globalist elitists have finally won!!!
"unless someone other than romney or obama become president..."
Oh the dream...the impossible dream.. ... It's a 2 horse race... There is no 'OTHER'
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
"unless someone other than romney or obama become president..."
Oh the dream...the impossible dream.. ... It's a 2 horse race... There is no 'OTHER'
oh, there is an 'OTHER'.....it's called 'US' and not them......the president DOES NOT make or break wealth....it's ingrained generation by generation by generation about what a fiat system is, how to use it, how to function in it etc etc.......
ALOT of the teaching comes from public schools SOME of the teaching comes from parents
our elected aren't born out of a vacuum
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
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