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Real Disposable Income And Historical Events [Pic]

Hits: 11347 | Rating: (2.7) | Category: News & Politics | Added by: elkingo
Jump to: Bottom    Last Post
5Cats
Male, 50-59, Canada
 24468 Posts
Friday, September 07, 2012 7:01:38 PM
@elkingo: Excellent! Well done and all that good stuff!

elkingo
Male, 30-39, Eastern US
 3332 Posts
Friday, September 07, 2012 5:05:58 PM
@VirtualParty -- It comes from the US Federal Reserve and Department of Commerce.. who do you want to "peer review" it? China?

themax275
Male, 30-39, Midwest US
 16 Posts
Friday, September 07, 2012 4:07:03 PM
@Mackenburger,

Wars ultimately cost a lot more than they produce. The reason WWII led to a sustainable boom in U.S. and Soviet economy was due to a large chunk of European and English infrastructure being obliterated. After all was said and done, the U.S.S.R. and U.S. were the only countries able to keep up with any kind of demand.

A line graph like this is not very usefull with so many drastic peaks and valleys. The only thing this shows is that the U.S. economy is volatile, but has ultimately sustained itself over the last 25 years. If you were to introduce a line showing the trend, it would be going straight across the board.

VirtualParty
Male, 18-29, Eastern US
 794 Posts
Friday, September 07, 2012 3:57:07 PM
This graph is not peer reviewed I looked on the source site.

OutWest
Male, 50-59, Western US
 548 Posts
Friday, September 07, 2012 2:38:19 PM
Don't forget to not only look at who was the President at each time. But also who was in control of the House and Senate.

Sometimes a President not only gets all the blame, but all the credit when he has a co-equal branch of government that he is supposed to work with.

MackenBurger
Male, 18-29, Western US
 46 Posts
Friday, September 07, 2012 1:21:37 PM
@trippyhippy9: Don't start as many wars? Wars HELP the economy. The last war we were in was WWII and and it helped us get out of the depression. We haven't been in a war since then, only conflicts, which don't really impact our economy.

trippyhippy9
Male, 18-29, Eastern US
 562 Posts
Friday, September 07, 2012 12:51:45 PM
Both parties are socially irresponsible. As far as fiscal issues go, the Democrats have the republicans beat. The only reason they have the republicans beat fiscally is because they don't start as many wars.

They are all crooks. None of them have our best interest in mind. Nothing will change for the better until the government is violently overthrown and replaced.

Monosandalos
Male, 30-39, Europe
 253 Posts
Friday, September 07, 2012 12:41:12 PM
elkingo, it's not how much money you HAVE, this is a graph of the average rate of change. It doesn't show how that change is different for different income strata.

Furthermore, the statement "Bush's stimulus" compared to the "trillions Obama spent" is simplistic because a lot of that money went to banks and corporations.

Thank you for annotating and sharing it with us though

slut_etta
Female, 50-59, Southern US
 3261 Posts
Friday, September 07, 2012 11:41:14 AM
let's all just agree that right now the economy sucks. AND let's hope it gets better soon. simplistic, i know, but my brain hurts and this is the best i could come up with.

elkingo
Male, 30-39, Eastern US
 3332 Posts
Friday, September 07, 2012 11:29:25 AM
I got this graph from the US department of Commerce btw. So yell HOAX!! and FAKE!! all you want. However, I challenge you to look it up yourself.

elkingo
Male, 30-39, Eastern US
 3332 Posts
Friday, September 07, 2012 11:27:41 AM
The high points in Clinton's economics and the early Bush years should be attributed to the housing boom created by Clinton. Likewise, the crash should also be attributed to Clinton. It is all there in the 1s and 0s.

elkingo
Male, 30-39, Eastern US
 3332 Posts
Friday, September 07, 2012 11:26:01 AM
BTW - this is a graph of how much money YOU have to spend on things other than bills.

elkingo
Male, 30-39, Eastern US
 3332 Posts
Friday, September 07, 2012 11:25:00 AM
This graph wasn't created (I labeled it myself) to "prove" anything. I made it to show historical facts when they occurred and how the economy was when these facts occurred.

The facts are:

1. Clinton economics were no better than Bush economics.

2. Historical facts impact the economy, and are often ignored.

3. Obama is worse for the economy than Bush or Clinton.

If you look farther, you can see what Bush's stimulus did at a fraction of the cost in an effort to save us from the housing market crash as compared to the trillions Obama spent for the same end.



CodeJockey
Male, 40-49, Southern US
 4977 Posts
Friday, September 07, 2012 11:00:54 AM
"The biggest downturn here, other than the current crisis, occurred during Clinton...but it's not labeled. Why?"
What are you looking at?
The biggest one 'other' is people not being able to fly in 2001.

freddyferret
Male, 40-49, Midwest US
 11639 Posts
Friday, September 07, 2012 10:45:07 AM
Numbers and stats can be twisted to work for anyone. I've seen polls that show Romney in the lead, while others have Obama winning. Whatever.

Link_Hiei
Male, 18-29, Eastern US
 5188 Posts
Friday, September 07, 2012 9:43:36 AM
People will find a way to blame people no matter the facts.

Fixed that for ya.

Andrew155
Male, 18-29, Eastern US
 2564 Posts
Friday, September 07, 2012 9:26:01 AM
I'm not sure what this is trying to prove. That Bush's stimulus didn't work? Because I sure do see a mighty fall after his stimulus.

2005 "War in Iraq". While the war was going on during that time, it had started like 2 years before that. Knowing that, remember correlation != causation.

Community Reinvestment act didn't seem to help much either, based on this.

The biggest downturn here, other than the current crisis, occurred during Clinton...but it's not labeled. Why?

Nickel2
Male, 50-59, Europe
 4427 Posts
Friday, September 07, 2012 8:45:27 AM
Lies, damned lies and statistics.

CodeJockey
Male, 40-49, Southern US
 4977 Posts
Friday, September 07, 2012 8:36:25 AM
That second valley being blamed on housing is actually the US price of fuel heading to $4.50 and people responding by not driving (in turn, less shopping.)

Rick_S
Male, 40-49, Eastern US
 3173 Posts
Friday, September 07, 2012 7:43:29 AM
"Republicans will find a way to blame democrats no matter the facts."

Once could just as easily say "Deomcrats will find a way to blame Republicans, no matter the facts."

Both sides are equally guilty of that.

madest
Male, 40-49, Eastern US
 6457 Posts
Friday, September 07, 2012 7:20:15 AM
Republicans will find a way to blame democrats no matter the facts.

con_uk
Male, 30-39, Europe
 89 Posts
Friday, September 07, 2012 7:13:58 AM
this is obviously a statistic board created by some guy called Fred in St.Louis.
check the board.
it's a hoax.
Oh!Bam!Ahh! is a Mujahideen bent on destroying Greece because of the movie 300.

elkingo
Male, 30-39, Eastern US
 3332 Posts
Friday, September 07, 2012 7:01:08 AM
Link: Real Disposable Income And Historical Events [Pic] [Rate Link] - It's like people forget history.


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