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rich get richer in recession
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... |
rich get richer in recession
"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. |
rich get richer in recession
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. Good move Donny. Fire one account churner and hire another. It's a good thing the market was ticking it's way up to make your new guy look good. |
rich get richer in recession
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 |
rich get richer in recession
On Sep 29, 7:20*am, wf3h wrote:
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... "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. .." Odd, my buisness has done fairly well this year. So much so, that I don't really have any reason to gripe. Then again, I never really found complaining worthwhile anyhow. |
rich get richer in recession
On Sep 29, 9:12*am, wrote:
On Tue, 29 Sep 2009 05:20:52 -0700 (PDT), wf3h wrote: 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 find it interesting that DC is one of those "southern states" that is racked with poverty. I suppose most of this is due to the construction business going to hell and manufacturing moving offshore (thank you Bill Clinton and the NAFTA/GATT people) but I am not sure what happened to DC. The government is still there isn't it? They sure are not laying off anyone. I will say those who adapted to change are still doing fine. My wife is making more money than any time in her life (upper 5 figures) and that ain't to shabby for a "girl" in Florida. My investments are doing OK. I am out performing the idiots who manage my 401k. * * * *I still say that is a scam and I am glad I am not heavily invested in it. Unfortunately the same idiots manage my pension fund.- Hide quoted text - - Show quoted text - My wife's retirement fund is in vested company stock,w hich I'm really not tickled about, but she's taking advantage of the low price. With their matching her stock purchases, and investing up to 9% she's doing a good job of hauling in the stock. So when people in her company see the stock go down the always have the knee-jerk "lose money" idea. But when It goes back up they never brag about how well they are doing with all the extra stock they have. Odd. People can't be glad for what they have. |
rich get richer in recession
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rich get richer in recession
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. The sad part is that you have NO idea what that means, dummy. Yesterday, my 401K and IRA's were up $774,000 on an annualized basis! Today? Notsomuch. |
rich get richer in recession
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. |
rich get richer in recession
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. -- John H All decisions, even those of liberals, are the result of binary thinking. |
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