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Re: Obamanation

By: killthecat in FFFT3 | Recommend this post (1)
Fri, 09 Jan 15 3:55 AM | 52 view(s)
Boardmark this board | Food For Further Thought 3

Msg. 07335 of 65535
(This msg. is a reply to 07333 by wilful)
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Wil:

Good point re the housing bubble in 2007. Not only did Americans lose equity in the 2008 crash, but we as a people incurred trillions in new national debt rescuing and rewarding the evil-doers. Thank goodness we will never have to payoff the national debt or even pay interest on it. Nobody bothers to factor in trillions of new debt when measuring Obama's economic accomplishments.

I think this is the link:

http://www.marketwatch.com/story/most-americans-are-one-paycheck-away-from-the-street-2015-01-07

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The above is a reply to the following message:

Re: Obamanation
By: wilful in FFFT3
Fri, 09 Jan 15 3:30 AM

Msg. 07333 of 65535

KTC - Although I agree with the overall message contained in the article, I must point out that the last paragraph is a typical shoddy example of selecting certain dates to make an argument for one's point. Using the American families' asset value in 2007 - at the top of the real estate bubble - while factually accurate - is a bit disingenuous. The stock touts, financial analysts, money managers, fund managers,investment brokers, etc. all do this to lure you in.

This is simply a case of one who bills himself as a "Personal Finance Reporter" doing this.

BTW - You really should attribute this stuff - especially since you selectively edit the content.

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