Poverty goes down, coverage goes up, and America gets a raise

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Don't tell me, lemme guess: the figures are all lies, right? Lol, you guys keep playing that tune for the next 2 elections...

http://www.msnbc.com/rachel-maddow-show/poverty-goes-down-coverage-goes-and-america-gets-raise

[h=1]Poverty goes down, coverage goes up, and America gets a raise[/h] 09/13/16 04:23 PM



By Steve Benen

Just a couple of days ago, the Washington Examiner published a curious op-ed from House Speaker Paul Ryan (R-Wis.), who’s convinced that President Obama will be remembered as a leader done in by an ineffective ideology. Obama’s “ultimate legacy,” the far-right Speaker complained, “will be showing the country that progressivism in practice just doesn’t work.”

Ryan added, “For all the tax hikes and reckless spending and red tape, America is not better off.”
It’s hard to overstate how profoundly wrong the Speaker is: by practically every imaginable metric, the country is vastly better off. Take today’s news from the Census Bureau, for example.
Americans finally got a raise last year after eight years of stagnating incomes.

The typical U.S. household’s income rose 5.2 percent in 2015 to $56,516, the Census Bureau said Tuesday…. The government’s annual report on incomes and poverty portrays an economy that is finally starting to benefit a wider range of Americans, roughly six years after the recovery began. It’s been quite a while since Americans saw a report this good on incomes and poverty. Jason Furman, chairman of the White House Council of Economic Advisers, said on Twitter this afternoon, “I usually try to be restrained, but this is unambiguously the best Income, Poverty & Health Insurance report ever.”

That probably sounds hyperbolic. It’s not. Furman fleshed out the details from the Census Bureau’s document and highlighted several key findings, including the fact that income growth last year was the fastest on record (this report dates back roughly a half-century); the income growth was widespread across every income group and racial/ethnic demographic, with Americans at the bottom seeing the largest percentage increase; poverty rates saw their largest one-year drop since 1968; and the number of Americans without health insurance dropped to the lowest point ever recorded in the United States. Even the pay gap between men and women has improved to its lowest level ever.
It’s not often we see economic news this encouraging.New York’s Jon Chait’s take on today’s data rings true.
It is almost impossible to overstate how thoroughly this data nullifies the central charges made against the administration’s policies. The left-wing version of the economic stagnation claim charges that Obama’s program has failed at the root level, allowing the rich to hoover up all the gains and doing almost nothing for the suffering masses. The more popular right-wing version argues that, whatever social benefits Obama has purchased – 20 million more insured, strict new regulations on Wall Street, lower greenhouse gas emissions – they have come at a terrible and unacceptable

price. Obama’s big-government agenda has snuffed out the entrepreneurial genius of American capitalism, dooming its people to endless stagnation, unless and until Paul Ryan can liberate them from stifling taxes and regulation. These sweeping philosophical arguments hinged in large measure on a now-moot statistical artifact. […]
[F]or the vast majority of Americans who don’t resist Obama’s policies philosophically – and the Republican primaries have revealed just how few committed economic libertarians the Grand Old Party truly has – the practical outcomes are growing harder and harder to gainsay.
Paul Ryan probably should’ve held onto that op-ed for a couple of additional days before sending it in for publication.
 

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“1.2% growth, the weakest so-called recovery since the great depression.”
Since the US recovery began in mid-2009, the economy has grown at an annual rate of 2.1%, according to data from the commerce department. That is the slowest recovery since 1949, by which point the US had emerged from the great depression; the financial crisis of 2008 was the worst since the stock market crash that began the great depression.
 

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“There are now 93.4 million Americans outside of the labor force. It was 80.5 million when President Obama took office, an increase of 14 million.”
 

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Beets doing his thing while emasculating the moose cock lover.



Yep.

I don't know what's more amusing...Beets making the dipshit clown look this stupid, or the fact that the dipshit clown believes his sacred government has the power to make all those things happen simply by instructing private businesses to do so.

A visual of how dimocraps view government...

Muslims+Hold+Day+Prayer+Capitol+Hill+NXTobTKsYGal.jpg
 

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Yep.

I don't know what's more amusing...Beets making the dipshit clown look this stupid, or the fact that the dipshit clown believes his sacred government has the power to make all those things happen simply by instructing private businesses to do so.

A visual of how dimocraps view government...

Muslims+Hold+Day+Prayer+Capitol+Hill+NXTobTKsYGal.jpg
Oh definitely Beets making the dipshit clown look that stupid.
 

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“Home ownership is at its lowest rate in 51 years.”

That's probably a good thing - it wasn't too long ago that Harry Reid and Nancy Pelosi were pitching America and the banks that everyone needs to own a home - everyone including all those that cannot afford a home - worked great - oh, I forgot - it was George Bush's fault
 

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That's probably a good thing - it wasn't too long ago that Harry Reid and Nancy Pelosi were pitching America and the banks that everyone needs to own a home - everyone including all those that cannot afford a home - worked great - oh, I forgot - it was George Bush's fault

When it's a republican president and a dem congress......everything is congress fault

When it's a democrat president and repub congress..... everything is the presidents fault

funny how that works.

And seyless.....you don't want home ownership to increase. That means you cash less govt vouchers from poor people.
 

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:):):):):):):):):):)

This guy is such a dipshit it is unbelievable. 1% economic growth and AMERICA GETS A RAISE!!!

CsSIZM0UEAAPSGm.jpg
 

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When it's a republican president and a dem congress......everything is congress fault

When it's a democrat president and repub congress..... everything is the presidents fault

funny how that works.

And seyless.....you don't want home ownership to increase. That means you cash less govt vouchers from poor people.

You mean like when the Republican subcommittee saw the housing crisis coming, and begged for regulations... and the Democrats demeaned them, insulted them, and said nothing is wrong?

https://www.youtube.com/watch?v=jb03-UI3LC8

Ever watch this?
 

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Yeah....if there is one thing repubs are known for.....its strict regulation. :ohno:

Haha, for the most part no, but when it comes to certain things, they got their nose right up there. But, got to give them credit for predicting it several years before it happened, Like I can give credit to Obama for predicting going into Iraq would be bad.
 

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Yeah....if there is one thing repubs are known for.....its strict regulation. :ohno:

Nice non-response, idiot. Whether or not "repubs are known for....regulation" (you have made 25,000+ posts here incorrectly using ellipses) isn't really an answer.

But this is:

New Agency Proposed to Oversee Freddie Mac and Fannie Mae


The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
...

'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Representative Melvin L. Watt, Democrat of North Carolina, agreed.

:):):):):):):):)

You're a complete fucking moron.
 

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[h=1]GOOD NEWS! WE’RE AS RICH AS WE WERE IN 1998[/h]
[FONT=&quot]average household incomes are still less than they were in 2007, after adjusting for inflation. And, in 2007, average household income was less than what it had been in 1999. So another way of looking at the report is that household income in 2015 was almost exactly the same as it was in 1998.[/FONT]
 

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Nice non-response, idiot. Whether or not "repubs are known for....regulation" (you have made 25,000+ posts here incorrectly using ellipses) isn't really an answer.

But this is:

New Agency Proposed to Oversee Freddie Mac and Fannie Mae


The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
...

'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Representative Melvin L. Watt, Democrat of North Carolina, agreed.

:):):):):):):):)

You're a complete fucking moron.

You show your face again after monkey pollgate!!:pointer:
 

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