Even the huffington post is showing an article that says Obama is going to increase the deficit, so when comparing McCain, Obama and Bush that one’s a draw. Comparing Clinton is pretty weak, again, considering he sat there sticking cigars where they don’t belong and rode out an inherited boom.
The huffington post Joe… they don’t get any more pro-obama than that.
Yeah, so glad Clinton didn’t go starting some “useless war” when al qaeda terrorists attacked our ship in Yemen. It was better to wait for them to do something bigger about a year later.
I don’t expect anyone to cut the national debt in this economy. But at least Obama was honest about it. He said maybe we can have a balanced budget in 10 years if the right cards fall into place. McCain sat there and lied through his teeth.
Not to mention, Obama will run up debt on things that matter to me. Middle class tax cuts, education, health care, I’m getting some value for my money. McCain will run up just as much on Iraq and extending the Bush tax cuts, and i’ll get nothing except taxes on my health insurance and more underfunded schools if i have a kid in the next 4-8 years.
Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.
I really wonder tho what any other President would have done tho. I think when the economy is booming, it would be hard to find someone who is not taking the gains and thinking “Well when the economy slows down we are all fucked”
slightly O/T. I can understand rich republicans… they want to keep/grow their money at the expense of others… but I can’t understand poor republicans (your jegs of the world)? do they think the rich will hook them up for the vote? and even if they did they should have voted democratic to get the hookup in the first place.
I read something a while back on news.bbc by a british guy who wrote a book / tried to figure out why poor people voted republican in america when all of the republican policies were clearly not going to help them. The conclusion was an ignorant pride that if they voted with the rich people then they are successful in life which was comforting.
Sorry I vote republican becuase I believe that success comes with hard work, not sucking of the government to barely get by. the only reason I’m “poor” right now is becuase I am laid off for the winter…but that will change as I have a job interview thursday and I am 100% posative I am getting it.
the belief that “hard work” take you from middle class to top 5% is utter B.S. anything can happen, but odds are it won’t. If you look at who controls the wealth in this country is has become VERY skewed at this point. The US has been a 3 class system for a long time, but it has become increasingly hard to move up.
that’s a really cool chart and works well for a basic illustration just as long as you remember that it’s calculated based on income and not wealth. Poor people don’t have wealth so in a year like 2008 they look a lot better off compared to a “rich” person who’s wealth generated less income (so the scale is really a lot higher for them once the economy improves)
here’s a decent way to explain the wealth breakdown:
One way to ‘see’ the distribution of wealth in the U.S. is to imagine a group of 100 people who have a $100 between them. Evenly distributed each would have one dollar of wealth. Alas, that is far from the actual distribution. According to the most recent study, Currents and Undercurrents, by the Survey of Consumer Finance (Federal Reserve, Department of Treasury, 2006) wealth is distributed accordingly:
50 individuals at the bottom have a nickel. ($0.05 times 50 = $2.50)
The next 40 each have $0.70 of wealth (40 times $0.70 - $28.00).
The next 9 each have $4.00 of wealth (nine times $4.00 = $36.00)
The last richest individual has $33.40 (one time $33.40).