I Get $437 Dollars A Month From Santa Barrack…

December 4, 2012

The insight comes with the video at the end. Watch The Video, yeah I know it’s fiction, but …

The angle of a just-released New York University study is, of course, that ole’ left-wing canard known as “income inequality,” but the findings are still useful in drawing other conclusions, and not ones that are very pleasant. Is America now a bigger version of Chicago, where Democrats and the media have so expertly rigged the electoral game that, even as their policies fail they’re able to stay in power?

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Study: American Households Hit 43-Year Low In Net Worth

December 1, 2012

Democrats hitting on all cylinders. Hey kiddies, your inheritance just hit the toilet. job or no job.

Another proud Obama voter record set.

Democrats score on equal misery for all.

The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.

According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole.

According to Wolff, between 1983 and 2010, the percentage of households with less than $10,000 in assets (using constant 1995 dollars) rose from 29.7 percent to 37.1 percent. The “less than $10,000″ figure includes the numerous households that have no assets at all, or “negative assets,” which is otherwise known as “debt.”

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For the First Time In History, Canadians Net Worth Exceeds Americans

July 19, 2012

Maybe their roads are better?

The Canadian’s system is working, the American system is not. Canada is working the US Housing burned America down. Everybody does not need a house, nor can they afford one. Locally the real estate people were selling houses to any walk-in. And we know where they came from, and the distressed neighborhoods attest to what is going on now.

They could not afford the loans the Democrats gave them.

The U.S. may bill itself as the land of opportunity, but right now, Canadians are making out better.

That’s according to a column in the Toronto-based Globe and Mail, which reports, “Over the past five years, net worth per Canadian household has exceeded net worth per American household (total combined value of liquid and real estate assets minus debt) for the first time.”

According to Environics Analytics, a Canadian marketing and analytical services firm, the average household net worth in Canada was $363,202 in 2011; the figure for the U.S. was $319,970. That means the average Canadian household is more than $40,000 richer than its American counterpart.

“And these are not 60-cent dollars,” The Globe and Mail notes, “but Canadian dollars more or less at par with the U.S. greenback.” Making matters worse for the recession-ravaged U.S., these figures do not take into account the public sector debt that will someday come due for citizens of both countries; government debt as a percentage of GDP is higher in the U.S. than it is in Canada.


While Obama is Busy Destroying America and It’s Free Market Economy …

July 18, 2012

Canada is booming, and their wealth is not being reduced.

Meanwhile, Obama has destroyed 40% of Americans net worth. Some accomplishment for less that 4 years. Think what he can do in the next 4 years.

For the First Time, Canadians Now Richer Than Americans — The average Canadian household is worth about $40,000 more than their American counterparts.

While Americans might enjoy throwing politically-charged barbs at their neighbors to the north, Canadians now have at least one reason to be smug.

For the first time in recent history, the average Canadian is richer than the average American, according to a report cited in Toronto’s Globe and Mail.

And not just by a little. Currently, the average Canadian household is more than $40,000 richer than the average American household. The net worth of the average Canadian household in 2011 was $363,202, compared to around $320,000 for Americans.

The Obama TAX is already in effect.

 


This is the Ruling Class: Pelosi (9th)=$101 Million and Feinstein (14th)=$69 Million Among Richest in Congress

December 30, 2011

Let’s look at the 1 %ers in Congress.

9. Nancy Pelosi (D-Calif.)

House Minority Leader Nancy Pelosi (D-Calif.) was the ninth richest member of Congress in 2010, with an average net worth of $101,123,032. Much of her wealth is based on her husband’s investments in real estate, a football team and other assets.

14. Dianne Feinstein (D-Calif.)

Sen. Dianne Feinstein (D-Calif.) was the 14th richest member of Congress in 2010, with an average net worth of $69,046,622. Feinstein’s husband has a number of investments in a diverse range of industires, including a property management firm and a biotech venture.

Read more at washingtonpost.com …


Ho Ho Ho: The Fat Cats Of Congress … Economic Downturn Took a Detour at Capitol Hill

December 27, 2011

Minding their business — Congress Is Getting Richer While You’re Not … Need an example, look up Harry Reid and land deals, to see how it works.

A new analysis from The New York Times shows that members of Congress have gotten richer during the financial crisis, while the people they represent have seen their incomes decline.

The median congressional net worth rose from $800,000 in 2004 to $1.2 million in 2010, while that of the general public declined from $108,000 to $100,000.

Millionaires are also overrepresented in Congress, with at least 250 members worth at least seven figures.

For obvious reasons, lawmakers aren’t inclined to discuss their personal wealth — but they don’t even want to discuss whether family or friends have been affected by the financial crisis. The Times asked all 534 members about how close friends and family members weathered the downturn, and just 18 responded — raising questions about whether members of Congress are out of touch with the people they represent.

Congress has never been a place for paupers. From plantation owners in the pre-Civil War era to industrialists in the early 1900s to ex-Wall Street financiers and Internet executives today, it has long been populated with the rich, including scions of families like the Guggenheims, Hearsts, Kennedys and Rockefellers.

But rarely has the divide appeared so wide, or the public contrast so stark, between lawmakers and those they represent.

Read more at The New York Times


Americans’ household net worth suffered a massive loss in the third quarter

December 8, 2011

Americans’ household net worth suffered a massive loss in the third quarter, dropping about $2.4 trillion — the biggest decline in nearly three years, according to a Federal Reserve report released Thursday afternoon.

Household net worth is the difference between the value of assets and liabilities. As The Associated Press points out, the loss in net worth for the July-September period was the biggest decline since the fourth quarter of 2008.


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