The Washington Post is reporting that the Fed has announced a 40% decline in Americans' wealth...
"The net worth of the American family has fallen to its lowest level in two decades, according to government data released Monday, driven by a more than 40 percent drop in their stakes in their homes.
The Federal Reserve’s detailed survey of consumer finances showed families’ median wealth plunged from $126,400 in 2007 to $77,300 in 2010 — a 39 percent decline. That put them on par with median wealth in 1992."
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Well, BRAVO Barack, you've better than kept your promise to spread the wealth misery around and all of that inside of four years. OUTSTANDING!
I think he meant to say splatter the wealth. Something like that.
ReplyDeleteThe goal of socialists is forced homogenization of wealth. Government payments to the shiftless have increased during the same period and that has been funded by a combination of massive government borrowing and looting the middle class.
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