US Median Income Lowest Since 1995

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Since: Feb 08

Location hidden

#1 Oct 16, 2012

Since: Mar 09

Grandville, MI

#2 Oct 16, 2012
Obama is looking out for the middle class,......

LOL!!
Bob

Big Rapids, MI

#4 Oct 17, 2012
Steelie wrote:
Sounds like all those tax breaks that the job creators have gotten have really paid dividends to the working class.......

“lover”

Since: Feb 09

Dorr MI

#5 Oct 17, 2012
Democraps let the tax breaks ride for 4 years, even when they had 2 years of total control. President Dumbo doesn't have a clue on how to create real jobs. Send his worthless butt back to Chicago. Romney/Ryan 2012 **==

Since: Feb 08

Location hidden

#6 Oct 17, 2012
Good Day,

Ah, ah, ah... Most of the decline has occured since Obama took office (Jan. 2009)- funny that fun fact, huh? During the recession (post 2007) median income fell only 2.6%. But since Obama took office it has tumbled by another 4.8%.(7.2% overall since 2007.) And it is even worse for certain demographics. Since Obama took office - households headed by those between the ages of 25 and 34, real median annual income fell 8.9% from $54,520 in June 2009 to $49,659. And even more concerning for African American households - median income dropped 11.1% from $36,567 to $32,498. Obama's economy...

Steelie

Go Blue

Miami, FL

#7 Oct 17, 2012
Steelie wrote:
GREAT ECONOMIC NEWS FOR ALL AMERICANS....Nationally, New Home Construction increased by 15%, signalling hiring increase in construction trades.....also, explaining the increase in domestic pickup truck sales.....

Since: Feb 08

Location hidden

#8 Oct 17, 2012
Go Blue wrote:
<quoted text>GREAT ECONOMIC NEWS FOR ALL AMERICANS....Nationally, New Home Construction increased by 15%, signalling hiring increase in construction trades.....also, explaining the increase in domestic pickup truck sales.....
Good Day,

Hey Blue - I hate to say I find this questionable at best, much like the "mysterious" unemployment numbers. Maybe the numbers are correct - but I went back to the Commerce website and these are the numbers from previous months:

August -+2.3%
July --1.1%
June -+6.9%
May -- 4.8%

Then I dug even deeper into the Commerce Department's own numbers and I am a bit suspicious. A "housing unit" (as defined by Investopedia) is:

"A house, apartment, mobile home, trailer, group of rooms, or single room occupied or intended for occupancy as separate living quarters. Separate living quarters are classified as a place where the occupants do not live and eat with any other person in the structure."

Read more: http://www.investopedia.com/terms/h/housingun...

In other words single family or individual living quarters, which includes condos, apartments and so forth. Make of it what you will...

Steelie

Since: Mar 09

Grandville, MI

#9 Oct 17, 2012
It's actually "new home construction permits" that are on the rize.
Which is Good news!
New home construction permit's have risen 15% and are at almost 1/3 the level they were in July of 2008!
Think about it.....
Bob

Big Rapids, MI

#10 Oct 18, 2012
Steelie wrote:
Good Day,
Ah, ah, ah... Most of the decline has occured since Obama took office (Jan. 2009)- funny that fun fact, huh? During the recession (post 2007) median income fell only 2.6%. But since Obama took office it has tumbled by another 4.8%.(7.2% overall since 2007.) And it is even worse for certain demographics. Since Obama took office - households headed by those between the ages of 25 and 34, real median annual income fell 8.9% from $54,520 in June 2009 to $49,659. And even more concerning for African American households - median income dropped 11.1% from $36,567 to $32,498. Obama's economy...
Steelie
Well that makes all the difference........

Must be Obama sets the wage and hours for all the workers in this country. If that's the case, then there isn't any reason to give tax breaks to anyone other than Obama!
Bob

Big Rapids, MI

#11 Oct 18, 2012
Gville Jim wrote:
It's actually "new home construction permits" that are on the rize.
Which is Good news!
New home construction permit's have risen 15% and are at almost 1/3 the level they were in July of 2008!
Think about it.....
How dare you cast any sunshine on good news about the economy until after the election sweeps Mittens into the White House.
Go Blue

Miami, FL

#12 Oct 18, 2012
Bob wrote:
<quoted text>
How dare you cast any sunshine on good news about the economy until after the election sweeps Mittens into the White House.
...LOL...some have forgotten, even how to spell, Patriotism.....just sad, their chosing party politics over, good of their country....
Diggs

Willowbrook, IL

#13 Oct 18, 2012
Go Blue wrote:
<quoted text>...LOL...some have forgotten, even how to spell, Patriotism.....just sad, their chosing party politics over, good of their country....
You liberals make me laugh. Now it's unpatriotic if you don't jump up and do cartwheels because interest rate reduction has spurred a new home building increase. Meanwhile the US median income is the lowest some 1995, while the price of energy, fuel, groceries, and everything else we need to survive has increased exponentially under Obama's 4 years. So aside from the evil rich people you liberals hate so much, who's going to be able to pay for all these new homes popping up when the bills start coming due. Can you spell FORECLOSURES UP THE WAZZOO?

Speaking of blind party loyalty, can you spell HYPOCRITE? You liberals would be doing your best epileptic fit impressions on the floor if the best a GOP president could brag on was a propped up new home building increase, and you know it. But since it's your precious Obama who's residing over this economic dud you'll bury your head in the sand and demand anyone who doesn't do the same is unpatriotic.
Go Blue

Miami, FL

#14 Oct 18, 2012
Gville Jim wrote:
It's actually "new home construction permits" that are on the rize.
Which is Good news!
New home construction permit's have risen 15% and are at almost 1/3 the level they were in July of 2008!
Think about it.....
Wrong, as usual......
Go Blue

Miami, FL

#15 Oct 18, 2012
Steelie wrote:
<quoted text>
Good Day,
Hey Blue - I hate to say I find this questionable at best, much like the "mysterious" unemployment numbers. Maybe the numbers are correct - but I went back to the Commerce website and these are the numbers from previous months:
August -+2.3%
July --1.1%
June -+6.9%
May -- 4.8%
Then I dug even deeper into the Commerce Department's own numbers and I am a bit suspicious. A "housing unit" (as defined by Investopedia) is:
"A house, apartment, mobile home, trailer, group of rooms, or single room occupied or intended for occupancy as separate living quarters. Separate living quarters are classified as a place where the occupants do not live and eat with any other person in the structure."
Read more: http://www.investopedia.com/terms/h/housingun...
In other words single family or individual living quarters, which includes condos, apartments and so forth. Make of it what you will...
Steelie
Steelie....from today's paper...Associated Press...BUILDERS PICK UP PACE.....WITH CONSTRUCTION AT A FOUR-YEAR HIGH, APPLICATIONS ALSO INCREASE....Washington- U.S. Builders started construction on homes in September at the fastest rate since July 2008 and made plans to build even more homes in the coming months. The gains show the housing recovery is strengthening and could help the economy grow....The Commerce Department said Wednesday that home construction rose 15 last month to a seasonally adjusted annual rate of 872,ooo. Single-family construction rose 11 percent to the fastest rate in four years. Apartment building increased 25.1 percent.......Applications for building permits, a sign of future construction, jumped nearly 12 percent to an annual rate of 894,000, also the highest since July 2008....."This is a good report,"said Patrick Newport, U.S. economist at HIS Global Insight,"It is telling us that the housing market is improving and that there is no reason to think this will not continue, going forward"......Constructio n rose in three of the nation's four regions. The biggest increases came in the West and South. Housing starts increased by nearly 20 percent in both regions. Construction starts of new homes and apartments rose 6.7 percent in the Midwest. Housing starts fell 5.1 percent in the Northeast....Martin Crutsinger (AP).....
SOS in Mesa

Glendale, AZ

#16 Oct 18, 2012
Go Blue wrote:
<quoted text>Steelie....from today's paper...Associated Press...BUILDERS PICK UP PACE.....WITH CONSTRUCTION AT A FOUR-YEAR HIGH, APPLICATIONS ALSO INCREASE....Washington- U.S. Builders started construction on homes in September at the fastest rate since July 2008 and made plans to build even more homes in the coming months. The gains show the housing recovery is strengthening and could help the economy grow....The Commerce Department said Wednesday that home construction rose 15 last month to a seasonally adjusted annual rate of 872,ooo. Single-family construction rose 11 percent to the fastest rate in four years. Apartment building increased 25.1 percent.......Applications for building permits, a sign of future construction, jumped nearly 12 percent to an annual rate of 894,000, also the highest since July 2008....."This is a good report,"said Patrick Newport, U.S. economist at HIS Global Insight,"It is telling us that the housing market is improving and that there is no reason to think this will not continue, going forward"......Constructio n rose in three of the nation's four regions. The biggest increases came in the West and South. Housing starts increased by nearly 20 percent in both regions. Construction starts of new homes and apartments rose 6.7 percent in the Midwest. Housing starts fell 5.1 percent in the Northeast....Martin Crutsinger (AP).....
Stimulus plan at it's best. http://www.woodtv.com/dpp/news/target_8/Volt-...

Since: Feb 08

Location hidden

#17 Oct 18, 2012
Go Blue wrote:
<quoted text>Steelie....from today's paper...Associated Press...BUILDERS PICK UP PACE.....WITH CONSTRUCTION AT A FOUR-YEAR HIGH, APPLICATIONS ALSO INCREASE....Washington- U.S. Builders started construction on homes in September at the fastest rate since July 2008 and made plans to build even more homes in the coming months. The gains show the housing recovery is strengthening and could help the economy grow....The Commerce Department said Wednesday that home construction rose 15 last month to a seasonally adjusted annual rate of 872,ooo. Single-family construction rose 11 percent to the fastest rate in four years. Apartment building increased 25.1 percent.......Applications for building permits, a sign of future construction, jumped nearly 12 percent to an annual rate of 894,000, also the highest since July 2008....."This is a good report,"said Patrick Newport, U.S. economist at HIS Global Insight,"It is telling us that the housing market is improving and that there is no reason to think this will not continue, going forward"......Constructio n rose in three of the nation's four regions. The biggest increases came in the West and South. Housing starts increased by nearly 20 percent in both regions. Construction starts of new homes and apartments rose 6.7 percent in the Midwest. Housing starts fell 5.1 percent in the Northeast....Martin Crutsinger (AP).....
Good Day,

Hey Blue! With all due respect - I am not trying to be negative Nelly but rather a bit more pragmatic about the numbers. I find them a bit odd. For example, look at the job numbers over the past two weeks for example. Were were given this highly questionable rate of 7.% and what happened this week? It collapsed as jobless claims soared. What happened? Maybe the numbers were fudged in the first place...

More construction is great. However, the new apartment starts is frankly a bit concerning. Now certainly there are people who choose to live in an apartment much like those who may choose a condo. My concern is that a great many of the people who live in apartments is because they cannot qualify for a home loan. This may be a reflection of the foreclosure crisis as people look for a place to live. If they can't own a home (or lost it) what other choice do they have other than family? I think you see where I am going with this. With that said, if the single family homes vs. apartment numbers (you provided) were flipped, then I would most certainly be much more willing to call that a recovery. IMHO...

Steelie
Go Blue

Miami, FL

#18 Oct 18, 2012
Apartments and condos are a relevant choice, for those that don't want the responsibility of a home, or don't need that large a living space....To spin it into, the possibility that they cannot afford a house, is shortsighted at best....perhaps we should do everything possible, to get people into homes, they can't afford....sound familiar?.....call it what ever you like, but don't electioneer, and call it worse than four years ago.....
Go Blue

Miami, FL

#19 Oct 18, 2012
...BTW, Almost forgot, Mitt Romney has been saying that President Obama's tax plan will cost the middle class, an additional $4,000.....Believe that?..... www.factcheck.org ...Here's your chance to find out, without someone having to tell you how to think.....
Sassy

Grand Rapids, MI

#20 Oct 18, 2012
OMG what do you want the silver spoon or good economic news. Cut in interest rate? That has been going on for years. You fail to realize that things are turning around.
Diggs wrote:
<quoted text>
You liberals make me laugh. Now it's unpatriotic if you don't jump up and do cartwheels because interest rate reduction has spurred a new home building increase. Meanwhile the US median income is the lowest some 1995, while the price of energy, fuel, groceries, and everything else we need to survive has increased exponentially under Obama's 4 years. So aside from the evil rich people you liberals hate so much, who's going to be able to pay for all these new homes popping up when the bills start coming due. Can you spell FORECLOSURES UP THE WAZZOO?
Speaking of blind party loyalty, can you spell HYPOCRITE? You liberals would be doing your best epileptic fit impressions on the floor if the best a GOP president could brag on was a propped up new home building increase, and you know it. But since it's your precious Obama who's residing over this economic dud you'll bury your head in the sand and demand anyone who doesn't do the same is unpatriotic.

Since: Mar 09

Grandville, MI

#21 Oct 18, 2012
Go Blue wrote:
<quoted text>...LOL...some have forgotten, even how to spell, Patriotism.....just sad, their chosing party politics over, good of their country....
Speak for yourself a-hole!
Did I NOT say that it was good news???
Just who is it that is chosing party politcs, over the good of their country?
Jesus Christ! I agree with you on a subject, and you yourself, and bob go and attack me over it, because thats what you're trained to do from your hypocritical liberal handbook.
I SAID THAT WAS GOOD NEWS!!!!!!!!
It looks to me like it is YOU that is chosing party politics!
Sad thing that you turn on people that agree with you.
What a sad life you must have.

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