Americans Saw Wealth Plummet 40 Percent from 2007 to 2010

I'm not interested in your "let me keep all my money" libertarian/AynRandian bullcrap. The 16th Amendment says the government has the power to tax... Sit on it.

One story said the wealth had dropped to levels from the 1990's, were those inflation adjusted? If they weren't, then quite possibly American wealth has dropped even further.

One story did?...How fascinating.

Overall I am about even since 2006 before the "great housing recession" Ho Hum.

My expenses for Health insurance, gas and food are way up, so leisure spending is down a little to compensate.

The private sector economy is fine...

Retail sales fall in May

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for May, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $404.6 billion, a decrease of 0.2 percent (±0.5%)* from the previous month, but 5.3 percent (±0.7%) above May 2011. Total sales for the March through May 2012 period were up 5.7 percent (±0.5%) from the same period a year ago. The March to April 2012 percent change was revised from 0.1 percent (±0.5)* to -0.2 percent (±0.2%)*.

Retail trade sales were down 0.2 percent (±0.5%)* from April 2012, but 5.0 percent (±0.7%) above last year. Nonstore retailers sales were up 12.4 percent (±3.1%) from May 2011 and motor vehicles and parts dealers were up 10.0 percent (±2.1%) from last year.

http://content.govdelivery.com/attachme ... 2%2529.pdf

The latest sign that we’re heading into a third straight Wreckovery Summer

otisptoadwater wrote: The recent recession wiped out nearly two decades of Americans’ wealth, according to government data

That's why they call it a recession. :bash

Too bad that the worst of it was in 2007-2008.... I guess "trickle-down" didn't...doesn't...and won't.

Democracy4Sale wrote: Too bad that the worst of it was in 2007-2008.... I guess "trickle-down" didn't...doesn't...and won't.

More bad that we elected Obama who has no clue on how to restore America's wealth. 15 trillion dollars, poof, vanished.

And he is working on his golf game and hanging with George Clooney and the girls of the View, 3 visits so far since he has been elected.

Oh, you mean the $15 Trillion dollars that includes the $10 Trillion that it was when Bush's administration was finally [blessedly] over? Yes, I remember that $10 Trillion. (All those unpaid-for tax cuts for the rich--(oh, sorry, the "job-creators"), and two unnecessary wars certainly eat through a surplus and add up quickly, don't they...)

Democracy4Sale wrote: Oh, you mean the $15 Trillion dollars that includes the $10 Trillion that it was when Bush's administration was finally [blessedly] over? Yes, I remember that $10 Trillion. (All those unpaid-for tax cuts for the rich, and two unnecessary wars certainly eat through a surplus and add up quickly, don't they...)

You know... I think you cracked when Walker won Wisconsin and destroyed your 16 months of pronouncements about his inevitable lost. Constantly repeating the talking points you read on Huffington Post every morning is not going to change anything, and you are starting to look desperate.

http://www.gallup.com/poll/155156/Obama ... 20Politics

http://washingtonexaminer.com/politics/ ... ama/721241

http://www.weeklystandard.com/blogs/oba ... 47153.html

http://www.buzzfeed.com/zekejmiller/cli ... -for-obama

http://www.businessinsider.com/barack-o ... ina-2012-6

http://hotair.com/archives/2012/06/12/v ... tt-romney/

http://www.bbc.co.uk/news/world-us-canada-18417967

http://www.washingtonpost.com/politics/ ... ory_1.html

http://hotair.com/archives/2012/06/13/d ... ompetence/

Every one of these links above show President Obama loosing support from blacks, unions, progressives, Jews, Democrats, Europeans, politicians (with a "D" after their names) and WHITE BIGOTS. You're on the same track that you were for months in regards to Walker. At least with me, you've lost any credibility as someone who has a keen insight to American politics. You don't.

Stop drinking the kool aid... you look silly.