More winning.......

[JustRalph]

https://www.washingtonpost.com/business/2018/09/12/middle-class-income-hit-an-all-time-high-last-year-us-census-says/?noredirect=on

The Washington Post tries its best to shit on this news, in its own article.

Too bad the genius Obama couldn’t have figured this out........

[GaryG]

But....it's not sustainable and meaningless. Plus, Obama is responsible. Yo mosty, you there?

[FantasticDan]

Too bad the genius Obama couldn’t have figured this out........
A familiar refrain..

http://www.paceadvantage.com/forum/showthread.php?t=145028

[Inner Dirt]

The Washington Post isn't even fit to line a bird cage with, even the sports page is full of the spewing of liberal crap.

[Tom]

I'm just waiting for 0bama to show up on Dancing With the Stars.

[Saratoga_Mike]

According to the census bureau (source of the WaPo article), 2017 real median income grew by 1.8%. In 2016 and 2015, real median income grew by 3.1% and 5.1%, respectively. The real median income numbers were $61,372, $60,309, and $58,476 and $55,613 (2017 back to 2014, respectively).

Of course, I'd readily concede the economy is stronger now than in the last few years under Obama, due to a higher level of confidence, ballooning deficits and late-cycle dynamics.

[burnsy]

According to the census bureau (source of the WaPo article), 2017 real median income grew by 1.8%. In 2016 and 2015, real median income grew by 3.1% and 5.1%, respectively. The real median income numbers were $61,372, $60,309, and $58,476 and $55,613 (2017 back to 2014, respectively).

Of course, I'd readily concede the economy is stronger now than in the last few years under Obama, due to a higher level of confidence, ballooning deficits and late-cycle dynamics.

Exactly. And how do Presidents get credit for this? The Govt. runs the economy? Give me a break. It had to rebound, it was at its worst.....Until the Govt. had to lend 700 billion to "Too big to Fail." So, The Govt. has that going for them.....:lol:. They are such great "watch dogs" that this cycle keeps :lol: repeating itself.....


What will the next flim flam be? RCA, Dot Com, Savings and Loan? The mortgage industry? The ballooning debt? Its coming to a theater near you in the not so distant future. By the way....He has it so "figured out" he's pisssing money away faster than Obama. Of course its gonna stimulate, like a line of Cocaine. Lets wait for the hang over. Figured out my ass. Everyone lives in the moment.....what happens down the road??????? Who gives a shit!.....:bang:

[mostpost]

The chart accompanying the article shows that this is nothing more than a continuation of the rebound which began in 2012 under Obama. Sorry, but facts are facts. If you look closely, you will see that the rate of growth has slowed in the last year.

Then there is the matter of how this growth was achieved. This same article points out that people are working longer hours and more people in a household are working. Higher household income does not mean higher hourly wages.

From the end of the article:
Clarification: This story has been updated to make clear that although household median income of $61,372 is the highest ever recorded by the Census Bureau, officials caution the figure is not to be treated as statistically different from previous highs reached in 2007 and 1999. Precise comparisons aren't possible due to a change in methodology in 2013.

Notice that says "Officials caution" not the Washington Post cautions. The Census Bureau is telling you JustRalph is full of carp; although they may not be using those precise words.


Then there is this article
https://www.washingtonpost.com/business/2018/08/10/america-wage-growth-is-getting-wiped-out-entirely-by-inflation/?utm_term=.63f42a271ef2
Which says that the 2.7% growth in wages last year was entirely wiped out by the 2.9% growth in inflation. It also predicts that the Trump tariffs will cause an additional increase in the cost of some products. In other words, more inflation.

Happy now, Gary G?

[burnsy]

Growth is growth and its still growing. That's not the point. The point is the Govt. allows Corporate America to interject artificial schemes while the Govt. just keeps generating debt. The problem is when it all ****s up , comes grinding to a halt and they come crying on TV...…….Sound familiar?, Cause its still not fixed!

[fast4522]

https://www.wsj.com/articles/wall-street-salaries-continue-to-soar-1537215032

[PaceAdvantage]

https://www.wsj.com/articles/wall-street-salaries-continue-to-soar-1537215032This is usally a sign of impending doom...