Obama: "The Private Sector Is Doing Fine"

[MARIS61]

Yeah... where could they possibly find more people to move boxes around and drive a truck?

I'm certain you couldn't do it, for example.

 

[MARIS61]

As for the UPS layoffs, they don't represent overall job loss, only jobs lost at UPS because an online retailer took their business to a competitor rather than continue using UPS. The competitor likely had to add a similar number of positions to handle the extra business, so it's a wash.

 

[MARIS61]

The private sector is doing fine. Mmmm hmmmm.

http://www.forbes.com/sites/halahto...mericans-wealth-net-worth-down-40-in-3-years/

Just how bad have the last three years been for some Americans? A Fed survey has some brutal data today showing that both median family income and net worth dropped dramatically over the last three years.

The median family net worth dropped a staggering 40% to $77,300 in 2010 from $126,400 in 2007, the Fed said in its Survey of Consumer Finances which is released every three years. The median family income dropped as well from $49,600 in 2007 to $45,800, or a 7.7% drop.

Middle-class families faced the brunt of the declines with those in the 60th to 80th percentile of income seeing a 40.4% drop in net worth from $215,700 to $128,600. Families with a net income in the the 20th to 39.9th percentile of income saw a 35.4% drop in net worth from $39,600 to $25,600.

You mis-state the time period as it was not "the last 3 years". It was 2007-2010, reflecting the Bush years and their aftermath.

 

[EL PRESIDENTE]

OnTrac can suck my cock.

 

[Denny Crane]

You mis-state the time period as it was not "the last 3 years". It was 2007-2010, reflecting the Bush years and their aftermath.

Democrats took control of the house and senate in 2006, took office in 2007.

Not a coincidence.

 

[blazerboy30]

I'm certain you couldn't do it, for example.

Really? What makes you think that?