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Author Topic: Misery Index: The Obama Depression - "Private sector doing just Fine"  (Read 63330 times)
Straw Man
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« Reply #1375 on: July 26, 2013, 10:11:31 AM »

Im in WHITE Plains now - things are going fine.  Right near Metro North and Supreme Court. 

Im on the move. 

so the Obama depression is mysteriously having no effect on you

why didn't you sell your place back in 2008 before Obama got in office and destroyed the real estate market?

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« Reply #1376 on: July 26, 2013, 10:15:22 AM »

so the Obama depression is mysteriously having no effect on you

why didn't you sell your place back in 2008 before Obama got in office and destroyed the real estate market?



Been trying - found a willing sucker to pay double - all cash deal for it what I paid for it
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« Reply #1377 on: July 26, 2013, 10:21:17 AM »

Been trying - found a willing sucker to pay double - all cash deal for it what I paid for it

so you're saying that your property value is higher now (6 years into the Obama Depression) than when Obama took office

how is that possible?
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« Reply #1378 on: July 28, 2013, 10:30:00 AM »

Exclusive: 4 in 5 in US face near-poverty, no work [OBAMANOMICS!]
ap/big story ^  | 7/28/13 | HOPE YEN

Posted on Sunday, July 28, 2013 12:19:33 PM by SoFloFreeper

Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend.

The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality.

Hardship is particularly on the rise among whites, based on several measures. Pessimism among that racial group about their families' economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy "poor."


(Excerpt) Read more at bigstory.ap.org ...
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« Reply #1379 on: July 28, 2013, 07:34:14 PM »

http://www.huffingtonpost.com/2013/07/28/poverty-unemployment-rates_n_3666594.html#comments

 Cheesy Grin
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« Reply #1380 on: July 29, 2013, 10:35:30 AM »


economic security

By HOPE YEN
Associated Press
 

 
 
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 Poverty and Income Rates Nationwide: Released 8/28/07
 
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WASHINGTON (AP) -- Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.

The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality.

As nonwhites approach a numerical majority in the U.S., one question is how public programs to lift the disadvantaged should be best focused - on the affirmative action that historically has tried to eliminate the racial barriers seen as the major impediment to economic equality, or simply on improving socioeconomic status for all, regardless of race.

Hardship is particularly growing among whites, based on several measures. Pessimism among that racial group about their families' economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy "poor."

"I think it's going to get worse," said Irene Salyers, 52, of Buchanan County, Va., a declining coal region in Appalachia. Married and divorced three times, Salyers now helps run a fruit and vegetable stand with her boyfriend but it doesn't generate much income. They live mostly off government disability checks.

"If you do try to go apply for a job, they're not hiring people, and they're not paying that much to even go to work," she said. Children, she said, have "nothing better to do than to get on drugs."

While racial and ethnic minorities are more likely to live in poverty, race disparities in the poverty rate have narrowed substantially since the 1970s, census data show. Economic insecurity among whites also is more pervasive than is shown in the government's poverty data, engulfing more than 76 percent of white adults by the time they turn 60, according to a new economic gauge being published next year by the Oxford University Press.

The gauge defines "economic insecurity" as experiencing unemployment at some point in their working lives, or a year or more of reliance on government aid such as food stamps or income below 150 percent of the poverty line. Measured across all races, the risk of economic insecurity rises to 79 percent.

Marriage rates are in decline across all races, and the number of white mother-headed households living in poverty has risen to the level of black ones.

"It's time that America comes to understand that many of the nation's biggest disparities, from education and life expectancy to poverty, are increasingly due to economic class position," said William Julius Wilson, a Harvard professor who specializes in race and poverty. He noted that despite continuing economic difficulties, minorities have more optimism about the future after Obama's election, while struggling whites do not.

"There is the real possibility that white alienation will increase if steps are not taken to highlight and address inequality on a broad front," Wilson said.

---

Nationwide, the count of America's poor remains stuck at a record number: 46.2 million, or 15 percent of the population, due in part to lingering high unemployment following the recession. While poverty rates for blacks and Hispanics are nearly three times higher, by absolute numbers the predominant face of the poor is white.

More than 19 million whites fall below the poverty line of $23,021 for a family of four, accounting for more than 41 percent of the nation's destitute, nearly double the number of poor blacks.

Sometimes termed "the invisible poor" by demographers, lower-income whites generally are dispersed in suburbs as well as small rural towns, where more than 60 percent of the poor are white. Concentrated in Appalachia in the East, they are numerous in the industrial Midwest and spread across America's heartland, from Missouri, Arkansas and Oklahoma up through the Great Plains.

Buchanan County, in southwest Virginia, is among the nation's most destitute based on median income, with poverty hovering at 24 percent. The county is mostly white, as are 99 percent of its poor.

More than 90 percent of Buchanan County's inhabitants are working-class whites who lack a college degree. Higher education long has been seen there as nonessential to land a job because well-paying mining and related jobs were once in plentiful supply. These days many residents get by on odd jobs and government checks.

Salyers' daughter, Renee Adams, 28, who grew up in the region, has two children. A jobless single mother, she relies on her live-in boyfriend's disability checks to get by. Salyers says it was tough raising her own children as it is for her daughter now, and doesn't even try to speculate what awaits her grandchildren, ages 4 and 5.

Smoking a cigarette in front of the produce stand, Adams later expresses a wish that employers will look past her conviction a few years ago for distributing prescription painkillers, so she can get a job and have money to "buy the kids everything they need."

"It's pretty hard," she said. "Once the bills are paid, we might have $10 to our name."

---

Census figures provide an official measure of poverty, but they're only a temporary snapshot that doesn't capture the makeup of those who cycle in and out of poverty at different points in their lives. They may be suburbanites, for example, or the working poor or the laid off.

In 2011 that snapshot showed 12.6 percent of adults in their prime working-age years of 25-60 lived in poverty. But measured in terms of a person's lifetime risk, a much higher number - 4 in 10 adults - falls into poverty for at least a year of their lives.

The risks of poverty also have been increasing in recent decades, particularly among people ages 35-55, coinciding with widening income inequality. For instance, people ages 35-45 had a 17 percent risk of encountering poverty during the 1969-1989 time period; that risk increased to 23 percent during the 1989-2009 period. For those ages 45-55, the risk of poverty jumped from 11.8 percent to 17.7 percent.

Higher recent rates of unemployment mean the lifetime risk of experiencing economic insecurity now runs even higher: 79 percent, or 4 in 5 adults, by the time they turn 60.

By race, nonwhites still have a higher risk of being economically insecure, at 90 percent. But compared with the official poverty rate, some of the biggest jumps under the newer measure are among whites, with more than 76 percent enduring periods of joblessness, life on welfare or near-poverty.

By 2030, based on the current trend of widening income inequality, close to 85 percent of all working-age adults in the U.S. will experience bouts of economic insecurity.

"Poverty is no longer an issue of `them', it's an issue of `us'," says Mark Rank, a professor at Washington University in St. Louis who calculated the numbers. "Only when poverty is thought of as a mainstream event, rather than a fringe experience that just affects blacks and Hispanics, can we really begin to build broader support for programs that lift people in need."

The numbers come from Rank's analysis being published by the Oxford University Press. They are supplemented with interviews and figures provided to the AP by Tom Hirschl, a professor at Cornell University; John Iceland, a sociology professor at Penn State University; the University of New Hampshire's Carsey Institute; the Census Bureau; and the Population Reference Bureau.

Among the findings:

-For the first time since 1975, the number of white single-mother households living in poverty with children surpassed or equaled black ones in the past decade, spurred by job losses and faster rates of out-of-wedlock births among whites. White single-mother families in poverty stood at nearly 1.5 million in 2011, comparable to the number for blacks. Hispanic single-mother families in poverty trailed at 1.2 million.

-Since 2000, the poverty rate among working-class whites has grown faster than among working-class nonwhites, rising 3 percentage points to 11 percent as the recession took a bigger toll among lower-wage workers. Still, poverty among working-class nonwhites remains higher, at 23 percent.

-The share of children living in high-poverty neighborhoods - those with poverty rates of 30 percent or more - has increased to 1 in 10, putting them at higher risk of teenage pregnancy or dropping out of school. Non-Hispanic whites accounted for 17 percent of the child population in such neighborhoods, compared with 13 percent in 2000, even though the overall proportion of white children in the U.S. has been declining.

The share of black children in high-poverty neighborhoods dropped from 43 percent to 37 percent, while the share of Latino children went from 38 percent to 39 percent.

-Race disparities in health and education have narrowed generally since the 1960s. While residential segregation remains high, a typical black person now lives in a nonmajority black neighborhood for the first time. Previous studies have shown that wealth is a greater predictor of standardized test scores than race; the test-score gap between rich and low-income students is now nearly double the gap between blacks and whites.

---

Going back to the 1980s, never have whites been so pessimistic about their futures, according to the General Social Survey, a biannual survey conducted by NORC at the University of Chicago. Just 45 percent say their family will have a good chance of improving their economic position based on the way things are in America.

The divide is especially evident among those whites who self-identify as working class. Forty-nine percent say they think their children will do better than them, compared with 67 percent of nonwhites who consider themselves working class, even though the economic plight of minorities tends to be worse.

Although they are a shrinking group, working-class whites - defined as those lacking a college degree - remain the biggest demographic bloc of the working-age population. In 2012, Election Day exit polls conducted for the AP and the television networks showed working-class whites made up 36 percent of the electorate, even with a notable drop in white voter turnout.

Last November, Obama won the votes of just 36 percent of those noncollege whites, the worst performance of any Democratic nominee among that group since Republican Ronald Reagan's 1984 landslide victory over Walter Mondale.

Some Democratic analysts have urged renewed efforts to bring working-class whites into the political fold, calling them a potential "decisive swing voter group" if minority and youth turnout level off in future elections. "In 2016 GOP messaging will be far more focused on expressing concern for `the middle class' and `average Americans,'" Andrew Levison and Ruy Teixeira wrote recently in The New Republic.

"They don't trust big government, but it doesn't mean they want no government," says Republican pollster Ed Goeas, who agrees that working-class whites will remain an important electoral group. His research found that many of them would support anti-poverty programs if focused broadly on job training and infrastructure investment. This past week, Obama pledged anew to help manufacturers bring jobs back to America and to create jobs in the energy sectors of wind, solar and natural gas.

"They feel that politicians are giving attention to other people and not them," Goeas said.

---

AP Director of Polling Jennifer Agiesta, News Survey Specialist Dennis Junius and AP writer Debra McCown in Buchanan County, Va., contributed to this report.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.
 
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Straw Man
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« Reply #1381 on: July 29, 2013, 10:46:47 AM »

Exclusive: 4 in 5 in US face near-poverty, no work [OBAMANOMICS!]
ap/big story ^  | 7/28/13 | HOPE YEN

Posted on Sunday, July 28, 2013 12:19:33 PM by SoFloFreeper

Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend.

The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality.

Hardship is particularly on the rise among whites, based on several measures. Pessimism among that racial group about their families' economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy "poor."


(Excerpt) Read more at bigstory.ap.org ...


Who is SoFloFreeper ?

"Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives" ?

really

I've never been on welfare a day in my life nor do I know anyone who has

where is the data that 80% of adults in the US struggle with "near poverty" and reliance on welfare

Hey 333 - I assume this means that you yourself have at some point in your life relied on welfare and since I never have that means I've been supporting your lazy ass.

why don't stop posting so much and start working more so I don't have to support you
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Soul Crusher
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« Reply #1382 on: July 29, 2013, 10:48:01 AM »

The story is from the AP and was on HP as well.

Gettobamanomics has failed. 

Who is SoFloFreeper ?

"Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives" ?

really

I've never been on welfare a day in my life nor do I know anyone who has

where is the data that 80% of adults in the US struggle with "near poverty" and reliance on welfare

Hey 333 - I assume this means that you yourself have at some point in your life relied on welfare and since I never have that means I've been supporting your lazy ass.

why don't stop posting so much and start working more so I don't have to support you
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Straw Man
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« Reply #1383 on: July 29, 2013, 10:53:01 AM »

The story is from the AP and was on HP as well.

Gettobamanomics has failed. 


so you admit that you've been on welfare ?

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Soul Crusher
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« Reply #1384 on: July 29, 2013, 10:54:29 AM »

so you admit that you've been on welfare ?



Never took a penny of public welfare - EVER

Never took workers comp, UE, nothing. 

I am not like the drug addicted Grifters in the WH - thank you very much. 
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Straw Man
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« Reply #1385 on: July 29, 2013, 10:56:44 AM »

Never took a penny of public welfare - EVER

Never took workers comp, UE, nothing. 

I am not like the drug addicted Grifters in the WH - thank you very much. 

so neither you nor I have ever been on welfare

I assume then that at least 80% of the people you know (your family and friends) have been or are on welfare....correct?
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Soul Crusher
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« Reply #1386 on: July 29, 2013, 10:58:54 AM »

so neither you nor I have ever been on welfare

I assume then that at least 80% of the people you know (your family and friends) have been or are on welfare....correct?


I live in NY remember - most people around here are worthless slugs. 
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Straw Man
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« Reply #1387 on: July 29, 2013, 11:04:04 AM »

I live in NY remember - most people around here are worthless slugs. 

so you admit that 80% of the people you know (your family and friends) have been or are on welfare....correct?

I read the article but I can't find the part where it says this is Obama's fault or that it caused by his economic policies

can you cut and paste that part of the article
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Soul Crusher
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« Reply #1388 on: July 29, 2013, 11:07:16 AM »

so you admit that 80% of the people you know (your family and friends) have been or are on welfare....correct?

I read the article but I can't find the part where it says this is Obama's fault or that it caused by his economic policies

can you cut and paste that part of the article

Its only getting WORSE under his disastrous junta and occupation
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Straw Man
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« Reply #1389 on: July 29, 2013, 11:11:09 AM »

Its only getting WORSE under his disastrous junta and occupation

I see you're still too dumb to know the definition of the word junta

I'll ask you again

you admit that 80% of the people you know (your family and friends) have been or are on welfare....correct?

I read the article but I can't find the part where it says this is Obama's fault or that it caused by his economic policies

can you cut and paste that part of the article
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AbrahamG
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« Reply #1390 on: July 29, 2013, 06:35:09 PM »

I see you're still too dumb to know the definition of the word junta

I'll ask you again

you admit that 80% of the people you know (your family and friends) have been or are on welfare....correct?

I read the article but I can't find the part where it says this is Obama's fault or that it caused by his economic policies

can you cut and paste that part of the article

Arguing with that moron is akin to using a stationary bike for transportation purposes.
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Soul Crusher
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« Reply #1391 on: July 30, 2013, 11:09:02 AM »

http://www.bloomberg.com/news/2013-07-30/american-dream-erased-as-homeownership-at-18-year-low.html


 Angry
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Soul Crusher
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« Reply #1392 on: July 30, 2013, 02:04:55 PM »

http://www.huffingtonpost.com/peter-s-goodman/on-his-jobs-tour-obama-to_b_3678474.html


 Cheesy
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« Reply #1393 on: August 02, 2013, 06:00:54 AM »

http://www.businessinsider.com/part-time-jump-in-july-2013-8


Most are part time jobs - obamacare working out great. 
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« Reply #1394 on: August 02, 2013, 07:24:43 AM »

Obamacare Full Frontal: Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Are Part-Time
Tyler Durden's pictureSubmitted by Tyler Durden on 08/02/2013 09:04 -0400

BLSBureau of Labor StatisticsObamacare


When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America's conversation to a part-time worker society is not "tapering": according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were... not.



What is worse, however, is when one looks at job creation broken down by "quality" in all of 2013. The chart below does the bottom line some justice:



But what really shows what is going on in America at least in 2013, is the following summary: of the 953K jobs "created" so far in 2013, only 23%, or 222K, were full-time. Part-time jobs? 731K or 953K of total.



Source: Part-Time and Full-Time and BLS

Average:
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Your rating: None Average: 4.8 (17 votes)
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« Reply #1395 on: August 13, 2013, 01:19:28 PM »

Analyst: Wall St. layoffs ahead
New York Post ^  | 08/13/2013 | MARK DECAMBRE

Posted on Tuesday, August 13, 2013 3:26:06 PM by SeekAndFind
Edited on Tuesday, August 13, 2013 3:32:18 PM by Admin Moderator. [history]
 


If Wall Street thinks things are bad now, just wait — they’re about to get worse.

The US financial sector is facing an epic round of layoffs that could hit 100,000 workers as the big banks wrestle with a global contraction and a sluggish economic recovery in the US, according to prominent analyst Meredith Whitney.



(Excerpt) Read more at nypost.com ...
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« Reply #1396 on: August 22, 2013, 01:27:19 PM »

http://washingtonexaminer.com/under-obama-black-unemployment-back-to-twice-the-white-rate/article/2534597


 Sad
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« Reply #1397 on: August 29, 2013, 09:51:53 AM »

http://www.breitbart.com/Big-Government/2013/08/28/Labor-Participation-Rate-Hits-34-Year-Low

 Angry
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« Reply #1398 on: September 06, 2013, 08:15:47 AM »

http://www.cnsnews.com/news/article/terence-p-jeffrey/90473000-record-number-not-labor-force-almost-10m-under-obama


 Angry
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« Reply #1399 on: September 11, 2013, 12:36:45 PM »

http://www.foxbusiness.com/government/2013/09/11/citi-mulls-laying-off-2200-in-mortgage-unit/?test=latestnews

Andreisafag - eat a bullet
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