rich get richer in recession
 

JohnH wrote:
On Tue, 29 Sep 2009 20:26:16 -0400, The D wrote:

JohnH wrote:
On Tue, 29 Sep 2009 09:33:42 -0300, "Don White"
wrote:

"wf3h" wrote in message
...
i know, i know it's a shock!! but it actually happened. the rich, of
course, have only the best interests of the middle class at heart and
would never act out of greed. it's only the unworthy middle class that
takes everything and gives nothing in return, forcing the rich to live
on the scraps of the land:

http://www.msnbc.msn.com/id/33066877...s_and_economy/

WASHINGTON - The recession has hit middle-income and poor families
hardest, widening the economic gap between the richest and poorest
Americans as rippling job layoffs ravaged household budgets.

The wealthiest 10 percent of Americans — those making more than
$138,000 each year — earned 11.4 times the roughly $12,000 made by
those living near or below the poverty line in 2008, according to
newly released census figures. That ratio was an increase from 11.2 in
2007 and the previous high of 11.22 in 2003.

Household income declined across all groups, but at sharper percentage
levels for middle-income and poor Americans. Median income fell last
year from $52,163 to $50,303, wiping out a decade's worth of gains to
hit the lowest level since 1997.

Among other findings:

Income at the top 5 percent of households — those making $180,000 or
more — was 3.58 times the median income, the highest since 2006.

Twenty-one states and the District of Columbia had higher poverty
rates than the national average, many of them in the South, such as
Mississippi (21.2 percent), Kentucky, Arkansas and Louisiana (each
with 17.3 percent). That's compared with 19 states and the District of
Columbia that ranked above U.S. poverty in 2007.


-------

gee. the middle class had all its gains wiped out, but the rich, god
love 'em (and he DOES!!), did just fine

no wonder the right wing loves the current economic situation.

and the SOUTHERN states...with their GOP right wing mentality...are
among the poorest...

I went to see my financial guy last week. I moved to him after turfing the
other guy for bad advice leading up to the meltdown...where I lost 25% of my
modest nestegg.
Since moving over 5.5 months ago, my holdings have inreased at a 'yearly
rate' of 38%. Sure would be nice if this kept up for the entire year.


Donnie, why do you keep pretending so hard?
--

John H
I will never believe he's pretending to be so dumb.

You're simply not as congenial as I am.

I'm realistic. I know you can be, too.

rich get richer in recession
 

On Wed, 30 Sep 2009 20:47:12 -0400, The D wrote:

JohnH wrote:
On Tue, 29 Sep 2009 20:26:16 -0400, The D wrote:

JohnH wrote:
On Tue, 29 Sep 2009 09:33:42 -0300, "Don White"
wrote:


I went to see my financial guy last week. I moved to him after turfing the
other guy for bad advice leading up to the meltdown...where I lost 25% of my
modest nestegg.
Since moving over 5.5 months ago, my holdings have inreased at a 'yearly
rate' of 38%. Sure would be nice if this kept up for the entire year.


Donnie, why do you keep pretending so hard?
--

John H
I will never believe he's pretending to be so dumb.

You're simply not as congenial as I am.

I'm realistic. I know you can be, too.

OK, let's assume I'm wrong, and he's not pretending. If that were the
case, don't you think he'd get really ****ed at being told he's
pretending to be stupid? He hasn't said a word, therefore he must be
pretending.

QED!
--
John H

All decisions, even those of liberals, are the result of binary thinking.

rich get richer in recession
 

JohnH wrote:
On Wed, 30 Sep 2009 20:47:12 -0400, The D wrote:

JohnH wrote:
On Tue, 29 Sep 2009 20:26:16 -0400, The D wrote:

JohnH wrote:
On Tue, 29 Sep 2009 09:33:42 -0300, "Don White"
wrote:

I went to see my financial guy last week. I moved to him after turfing the
other guy for bad advice leading up to the meltdown...where I lost 25% of my
modest nestegg.
Since moving over 5.5 months ago, my holdings have inreased at a 'yearly
rate' of 38%. Sure would be nice if this kept up for the entire year.


Donnie, why do you keep pretending so hard?
--

John H
I will never believe he's pretending to be so dumb.
You're simply not as congenial as I am.
I'm realistic. I know you can be, too.

OK, let's assume I'm wrong, and he's not pretending. If that were the
case, don't you think he'd get really ****ed at being told he's
pretending to be stupid? He hasn't said a word, therefore he must be
pretending.

QED!

He has difficulty quoting a thread. He likely has the same problem
reading them.