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Are You Better Off Than You Were Four Years Ago?

Tyler Durden's picture




 

The phrase "Are You Better Off Than You Were Four Years Ago?" and "It’s the Economy, Stupid" have become standards of American election discourse in recent decades. And seemingly for good reason. Although it is rare to unseat an incumbent, poor economic performance seems to play a role. We are less than four months away from the US Presidential election. Financial and economic developments have caused surprise political outcomes around the world from time to time.  UBS took a look back at the first terms of the nine presidents that preceded President Obama to determine if the performance of economic variables had any predictive power in determining the odds of re-election for a second term. The news is not good, from GDP growth to real disposable income, and from unemployment to the Misery Index, it seems the bailer-out-in-chief may just have an uphill battle.

 

The data suggest that economic growth plays a role in a candidate’s ability to win a second term. Real GDP grew slower under George HW Bush than all the other nine presidents, followed by his son, followed by Ford (when comparing compound annual growth rates). Real disposable personal income was even more definitive, growing at the slowest pace under the three presidents who were unseated (George HW Bush, followed by Ford, followed by Carter). With one more quarter left to be reported before the election, under Obama’s first term as president, real GDP is running slower than any of his predecessors, expecting only George HW Bush, and real disposable personal income is the slowest of any of his predecessors since 1953, running at 1.5% and 0.7%, respectively.

Unemployment also rose over Ford’s and George HW Bush’s presidencies by more than any of the others, and ticked up some under Carter’s.

 

Inflation has been relatively tame under Obama, but the misery index has risen. However, the misery index rose in 6 of the last 9 presidencies.

 

Critically though - given our recent chart on Obama Odds vs the S&P - Financial markets are less definitive in predicting the presidential outcome. Of the three candidates that were unseated after their first term, only Ford saw a decline in the S&P over his tenure.

 

Source: UBS

 

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Fri, 08/10/2012 - 22:19 | 2696115 Seer
Seer's picture

I suppose you were wanting to keep this corrupt Ponzi going?

Fri, 08/10/2012 - 14:26 | 2694793 Brokenarrow
Brokenarrow's picture

In a year, the world will look exactly the same. Rich will be richer, poor will be desperate.

I learned that the corrupt will always be in control. They are now and always will be.

I would weep with joy of nyc was under ten feet of water. Every wall st criminal would be shot on sight.

Cut their hands off and smother their children. ANd, I dont give a fuck who comes to me door.

Fri, 08/10/2012 - 14:27 | 2694799 Disenchanted
Disenchanted's picture

 

 

 

The better question for Americans is, are we better off than we were 99 years ago?

 

http://modernhistoryproject.org/mhp?Article=FedReserve&C=3

Fri, 08/10/2012 - 14:31 | 2694816 Walt D.
Walt D.'s picture

Jimmy Carter answered  "Yes - now  I'm no longer the worst President ever".

Richard Nixon answered  "Yes - now  I'm no longer the most dishonest President ever".

Fri, 08/10/2012 - 14:33 | 2694827 JR
JR's picture

Much of the over-proclaimed GDP growth is inflation, and you can’t improve your standard of living on inflation unless you are a banker.

Writes Johnny Silver Bear in Preservation:

“The U.S. Dollar has lost more than 60% of it purchasing power since 2002. The value of silver has not increased. The value of the dollar has tanked. Most people do not understand the insidious nature of inflation. It is not a natural occurrence. It is a contrived means of theft…

“A dime, minted in 1964 was comprised of 90% silver. Today, a pre 1965 dime will purchase a gallon of gasoline. Today, gasoline is cheaper than it was in 1964. The reason we can't buy gasoline for 10¢ with Federal Reserve notes is because we have been robbed by the Federal Reserve (owned by American and European Banking families) and a complicit government. Pretty much everything is cheaper now than it was in 1964. Advances in technology, manufacturing and distribution would have/should have provided a greatly enhanced standard of living for all Americans. That is if we hadn't been ripped off by the powers that be. This is the main reason that the middle class is shrinking. Until we abolish the Federal Reserve and prosecute the criminals, the future of the United States will remain in great peril.”

Fri, 08/10/2012 - 17:03 | 2695357 JimBowie1958
JimBowie1958's picture

A pre-1965 dime is worth about $2.

Where the heck do you buy your gas?

I think am coming over to fill up a couple of tanks!

Fri, 08/10/2012 - 18:54 | 2695664 JR
JR's picture

Good catch. I think Johnny wrote his article June 2011 when a real dime was worth $2.86, about the same as the average cost of a gallon of unleaded.

Michael Brown in an April 2012 article introduces a video quoting Peter Schiff that you could buy a gallon of gas today for a dime --  yes, a dime – if that was a real dime, one minted prior to 1965.

But even with the fluctuations, Johnny’s point is well made. Anyway, thanks for the heads up. And sorry I can't accommodate your order. Unleaded is more than $4.00 here on the California coast!

http://www.silverbearcafe.com/private/06.11/preservation.html

http://www.michaelbrowntoday.com/2012/04/blame-obama-for-rising-gas-prices-but-understand-why/

Fri, 08/10/2012 - 14:37 | 2694840 Walt D.
Walt D.'s picture

Romney is not going to flush the ObamaTurd - he's just going to polish it.

Fri, 08/10/2012 - 14:38 | 2694845 Totentänzerlied
Totentänzerlied's picture

The answer is very simple:

Did the iPad 2 and iPhone 4 exist 4 years ago? Was AAPL trading in the 600s?

I don't think soooo!

Life is good, baby!!!

Fri, 08/10/2012 - 14:40 | 2694852 Van Halen
Van Halen's picture

There is no one here who thinks Romney will be a great president or that he may be the one to turn things around. The problem is that things are SO bad under Obama that ANYONE would be better at this point. What we're going to be voting for is a slow death over a fast one with an... oh, 1% chance that Romney actually does the right thing if he wins. And what's the right thing? Massive tax cuts, massive spending cuts, every single government program to see cuts with many to be eliminated, pull the troops out of all foreign conflicts, lock down the border with Mexico, cut many of the oppressive government regulations, open up driling, fastrack nuclear plant permits - for starters. If we could even get a little of that...

In short, this sucks. We're given crappy choices for our leadership and everyone is still too comfortable to revolt.

Fri, 08/10/2012 - 14:52 | 2694885 Disenchanted
Disenchanted's picture

 

 

"The problem is that things are SO bad under (Hoover, FDR, Truman...LBJ, Nixon, Ford, Carter, Reagan, Bush I, Clinton, Bush II) Obama that ANYONE would be better at this point."

 

Same old song and dance my friend...right out of the status quo playbook. It's been playing for years, seems not many have caught on to the scam.

 

"Massive tax cuts, massive spending cuts, every single government program to see cuts with many to be eliminated, pull the troops out of all foreign conflicts, lock down the border with Mexico, cut many of the oppressive government regulations"

 

I'm with you there...but despite all the promises no one ever delivers.

Fri, 08/10/2012 - 14:57 | 2694901 Getting Old Sucks
Getting Old Sucks's picture

How in hell did we ever survive this long?  Don't tell me the guy behind the curtin is a real wizard.

Fri, 08/10/2012 - 15:04 | 2694931 Van Halen
Van Halen's picture

So we agree on the solution but WHO will do anything? That's why I say we're all too comfortable yet to get off our duffs and revolt. Everyone is still satisfied with a couch, TV, beer, and roof over their heads. TPTB know this and hand us crappier candidates every election cycle while taking our rights away via incremental totalitarianism. There are three hundred million of us and less than a thousand of them. We should be putting them on immediate notice or tar and feathering them, not bickering with each other on chatboards.

Fri, 08/10/2012 - 22:26 | 2696127 Seer
Seer's picture

"So we agree on the solution but WHO will do anything?"

Ah, here's a perfect example of why I quit dealing with "groups" that were promoting any change.  Everyone, fucking Left OR Right, is always expecting someone else to take care of whatever!

Just fucking create the environment that you'd like to see.  And don't whine if it's not easy cause that's how life is: my wife is from Manila and I can tell you that most folks here by comparison are nothing but a bunch of entitled whiners.

Bottom line: quit asking somebody else to do something (for YOU)!

Fri, 08/10/2012 - 16:18 | 2695202 JR
JR's picture

Saying that anyone would be better than past presidents, like anything, it is a matter of degrees.

Presidents come into office beholden to the interests that have financed and worked to elect them, so that their terms are dominated by the service to these supporters. But since the advent of fiat currency and the Federal Reserve, no president can serve his supporters without first serving the banker cartel that owns the currency and determines the direction for the Congress and the President.

Obama, without question, is the worst president we’ve had, delivering a leftist socialist agenda. But his presidency has never crossed the banker agenda and he has supported the takeover of all three branches of government by the cartel like no other president before him.

Never has America sped toward the definition of a police state more rapidly than it has under this president.

His crimes against the citizens are almost too many to list but here are some: his Supreme Court appointments border on a Marxist agenda; his assassination policy of individuals including Americans and his widespread use of drones are crimes against humanity, his lawless approach to the wave of illegals and amnesty is far worse than any of his predecessors, his Obamacare rewards the monopolies while turning individual freedoms in many areas completely over to government control, his dividing the country to speed up wealth transfer is driven by creating class divisions, his war on families has encompassed an unquestioned loyalty to a radical feminist agenda for abortion and a radical homosexual agenda for gay marriage, he has without declarations of war carried on major conflicts in sovereign countries with threats of war and sanctions to increase that number, and, in a clear violation of the intent of the Founders, he continues to honor the foreign policy of a foreign country, Israel, over the best interests of the United States.

And the list goes on and the hits keep on coming.

Catherine Austin Fitts, who spent $6 million  and 11 years of her own time and money trying to stop the housing bubble, said in an On the Edge interview with Max Kaiser June 30, 2012: “Barack Obama has done more for the banks and the people who control them than any sitting president in the history of the United States.  So, basically, Barack Obama was used to engineer the bailouts -  depending on how you what to count them, 12 trillion to 27 trillion -  and the banks have been richly rewarded for doing what they were asked to do which is the fraudulent inducement of America. Barack Obama is here to help the banks, not here to control or stop them. Now the question for the American population is, now that that’s how it’s turned out, what do they do?”

Fri, 08/10/2012 - 19:10 | 2695701 smiler03
smiler03's picture

Ah yes but he did win the Nobel Peace Prize ;O)

Fri, 08/10/2012 - 15:20 | 2694988 juangrande
juangrande's picture

@ Van Halen...........Ted Nugent, that's not you, is it??

Fri, 08/10/2012 - 15:58 | 2695136 Van Halen
Van Halen's picture

I hope that Ted Nugent comment is not a slam against me for having the balls to suggest massive government cuts. Because at this point, anyone reading these boards and understanding what they are seeing in this economy would have to be smoking bath salts to think that even a penny more of additional spending or taxes would be a good thing.

So yes, I stand proud in my demand for massive tax cuts, massive spending cuts, every single government program and agency seeing cuts, with some to be eliminated, many government regulations removed entirely, US troops out of the wars and on the Mexican border, open the drilling, fasttrack the nuke reactor permits, and get while we're at it, throw a whole shitload of bankers, politicians, journalists, Hollywood freaks, and government agency heads in jail until they pay back everything they've stolen for us and learn to tell the truth.

Fri, 08/10/2012 - 16:01 | 2695142 Van Halen
Van Halen's picture

One more thing... three and a half years of Hope and Change Socialism has brought us record deficits, record unemployment, record bank failures, record foreclosures, record number of months unemployment above 8%, record death toll of US troops in Afghanistan, record number of golf games, US troops deployed in at least 12 MENA and central African countries, secret involvement in Syrian war, Solyndra, Gunwalker, debt to GDP ratio 103%, record number of unelected, unaccountable czars, lobbyists still running the White House, secret meetings in cafes offsite of the White House to avoid having to tell who they're meeting, Michelle Obama with over forty personal assistants, Obama lost over 600 seats for the Democrats in the 2010 elections...

The America-hating Kenyan Muslim Marxist has to go.

Sat, 08/11/2012 - 10:26 | 2697010 TheFourthStooge-ing
TheFourthStooge-ing's picture

Van Halen said:

fasttrack the nuke reactor permits

When you add in the insurance costs associated with operation and throw in the end-of-life-cycle costs of decommissioning, dismantling, and site cleanup, nuclear power plants are huge money losers. Without huge government subsidies and guarantees, they'd never be built.

How do you square this with your call (which I am in agreement with) for massive tax cuts, massive spending cuts, and cuts to all government programs and agencies?

Fri, 08/10/2012 - 16:08 | 2695165 malek
malek's picture

 The problem is that things are SO bad under Obama that ANYONE would be better at this point.

Total bullshit. What has the messias really done? Generally nothing (except Obamacare), so letting things slide further downhill.
One could easily mess up things even more.
If your narrative becomes the main supporting line on voting for Mitten I might vote for O., just because.

Fri, 08/10/2012 - 15:15 | 2694942 shovelhead
shovelhead's picture

I'd be more inclined to vote for someone who knows arithmetic.

You know, someone with basic cognitive skills and a familiarity with reality would be nice.

But that's just me. I ain't real fussy because I don't expect miracles.

After all, you're fishing in a temp pool.

Fri, 08/10/2012 - 15:15 | 2694956 jplotinus
jplotinus's picture

The "Are you better off...?" ditty is an appropriate one from a political perspective because its answer depends on whom you are inclined to vote for. That is because the measured metrics are endlessly variable and hopelessly arbitrary.

I utterly disagree with President Obama's choice of direction (given the limited power a US president has to set one or another direction). As a progressive, it goes without saying that I am disappointed in Obama. That said, I respect the daunting task that was put before him and that manifested itself in the form of a complete and total financial meltdown, from which there was no hope of recovery, that unfolded before the November 2008 election.

Despite having a vary diverse demographic makeup, the USA has a surprisingly narrow political perspective to vote for or against. The choice is between one flavor of corporatism, call it the Democricans and another, call it the Republicrats. They are both corporatist capitalist parties. What Obama accomplished, that was not an easy task, was that of maintaining social cohesiveness at a time when bolder action, of whatever kind he may have been able to choose, could have led to social upheaval. I do not envy the responsiblity he has had duiring the last four years. I also do not know of any D or of any R who could have done better.

It is surprising to me that Rs could be so angry with Obama, on the one hand, while offering us Romney on the other? Romney does not have the political savvy that Obama has and I think Americans know this. He is not even well regarded by Rs, who apparently can barely stand him themselves. The R Primary season was frought with corruption, with Ron Paul's vote and delegate count having been openly lowered and manipulated in one primary state contest after another. In my northeastern state, on the day of the R primary, there were nothing but Santorum signs on display on election day, even though, by then, Santorum had dropped out.

I do not think Romney would be able to maintain US social cohesiveness, let alone reverse the irreversible economic decline and fall of the existing corporatist system. Fall it will, the only question is when it will happen. Obama's first term has been a case study on political balancing. This is obvious. He has infuriated his supporters and deeply enraged his distractors. And, that could have been what he needed to do in order to keep the domestic peace. Even though there is no qualitative difference between R and D; Rs hate it if Ds propose it; and vice versa, even though they are both saying almost exactly the same thing.

We are divided because we are divided in much the same manner that the Kardashians are famous because they are famous.

In a few short weeks we will be on the other side of Labor Day and the Conventions. That means people will be inundated with election coverage and the opinions of those who pay attention to mainstream media will be formed for them by that stupid coverage. Obama and Romney will come under closer scrutiny and when they say tomato when the media claims they should have said tomato, their ability to cover for the claimed slips will be fodder for media field days. In that cauldron of fake and insipid pressure, Romney will be more likely to falter than will Obama. Plus that, Romney may ultimately be forced to reveal the taxes he has avoided and the financial fraud his company(ies) have committed. That won't likely be very pretty, folks.

In terms of measurement, yes, we are better off; I am better off now than I was during the terms of the incompetent GWBush who not only preceded Obama but who precipitated an epic decline in the stature, well being and life of the US of A. It is no wonder that GWBush has been written out of R party history, with scarcely any mention at all of late. Last I heard he will not be permitted to set foot in, let alone speak at, the R convention.

 

Blessings

Fri, 08/10/2012 - 15:32 | 2695032 shovelhead
shovelhead's picture

Lol.

Vote Obama-2012...

Because we're not Greece...yet.

Fri, 08/10/2012 - 16:38 | 2695273 boiltherich
boiltherich's picture

This is like saying there is NO difference between George BushCo and Obama just because they both had megaBusinessInc as their highest priority. And it is false. Anybody that will ever run (including RP) is going to have those giant corporations as their first priority, it is the second and third and 20th and 700th priorities that matter. And I am not saying this is how it should be or that I like it, but it is the truth.

The right wants their social priorities carried out, turning the clock back to 1951, even though the version of 1951 they seek never existed. What they really want is not to stop out of wedlock sex, gay marriages, or illegitimate children, or even abortions, they want to stop all reference to it because in their minute little minds if they never hear about it then it does not exist. They don't want to end these things they consider unpleasant, they just want to force them all back into the closet. That is why they hold the view that government should not pay $1,000 for an abortion but the government will then be forced to pay $100,000 or more for the child that would have been born had the fetal tissue not been terminated. Totally inconsistent views, but that does not matter to the right.

And it is not easy to be a liberal/progressive, there is nobody out there reducing complex arguments to syrupy slogans, sound bites, and talking points for us. Damn, thinking is hard.

There is a HUGE difference between the parties and candidates, and it matters a great deal on the street which is elected even if the corporations get all the phat shit the economy can generate. We the people need to (but never will) end legalized bribery in politics by ending corporate personhood. We need one man one vote by secret ballot in all 50 states on the same election day. We need to end "safe seats" in congress by ending gerrymandering of district lines, and we need TERM LIMITS! We need a comprehensive ban on electronic campaigning, buying TV and radio air time that is, because that is what is driving the costs and thus the need for bribery. There is the internet and there is e-mail, and there is public speaking appearances, direct bulk mail, and there is newspaper. Cheap to free. Till those are done nothing else matters and the right knows it, and they know it will not be done, so what the hell, take some pot shots at those kind of people, the ones they don't like or want next door. The left is unable to fix it as well, but it was the fascist business "friendly" right that got us into this fucked up mess to start with.

Sat, 08/11/2012 - 05:45 | 2696618 Disenchanted
Disenchanted's picture

 

 

"The choice is between one flavor of corporatism, call it the Democricans and another, call it the Republicrats. They are both corporatist capitalist parties."

 

I like Jesse Ventura's terms for them, "the DemoCRIPS and the ReBLOODlicans."

 

 

Fri, 08/10/2012 - 15:17 | 2694977 billwilson
billwilson's picture

Yeah but the alternative is Mitt the Twit. Not even brain dead Americans will vote for the Twit for Chief. The GOP has royally fucked this on eup.

Fri, 08/10/2012 - 15:24 | 2695001 Ralph Spoilsport
Ralph Spoilsport's picture

Yahoo Finance Headline:

Analysis: Obama presidency great for stocks. Will it help him?

http://finance.yahoo.com/news/analysis-obama-presidency-great-stocks-174...

Fri, 08/10/2012 - 15:31 | 2695024 mrktwtch2
mrktwtch2's picture

im better off only because i got rid of my ex wife (and her annoying 2 kids) and now have the woman of my dreams..should have done it sooner..though..lol..but i will give her credit she is now married again and has another kid so she completed the white trash trifecta..3 kids by 3 differnet men..thank god i got a vasectomy when i was 22..

Fri, 08/10/2012 - 16:17 | 2695196 boiltherich
boiltherich's picture

Say WHAT?  Hang on there a minute, are you saying someone else besides the gay men are threatening the sanctity of marriage?  Better vote Romney, he is way for the sanctity of marriage, in fact as many wives as a man can afford, but with a STRICT minimum age of 13. 

Fri, 08/10/2012 - 15:31 | 2695029 Walt D.
Walt D.'s picture

Will you be better off in four years than you are now?

That is the real question. Do you see things getiing worse? Will you be satisfied if things don't get any worse but just stay the same?

Fri, 08/10/2012 - 15:32 | 2695031 Monedas
Monedas's picture

Yeah, I used to have to bust my ass .... now I get paid to stay home !

Fri, 08/10/2012 - 15:33 | 2695034 Venerability
Venerability's picture

Because you skew so heavily to under 30 traders, Tyler, you've become increasingly out of touch with the majority of non-high frequency market participants, both in the US and abroad.

We are mostly Boomers, well-educated and sophisticated,  and you're not even making an effort to understand us.

Fri, 08/10/2012 - 15:54 | 2695124 Lednbrass
Lednbrass's picture

Boomers are quite easy to understand to anyone familiar with both Aesop's Fable of the Ant and the Grasshopper and the behavior of ostriches. While there is obviously considerable variation in a group that large, collectively you partied and sang while the sun shone on you then stuck your heads in the sand when the bills started showing up.

Fri, 08/10/2012 - 17:25 | 2695419 Venerability
Venerability's picture

My point proved.

Neither of the above posts were from Boomers. The Botnets are exhibiting their Tin Ears, as per usual. 

We'd never use profanity in a post.

And what we are angry about is Those Who Cheat, in any way, shape, or form, including Sentiment Skewing.  

 

Fri, 08/10/2012 - 17:49 | 2695496 Getting Old Sucks
Getting Old Sucks's picture

Unless you live in the colo at the NYSE, you don't have a chance against Goldman.  Get angry with them.

Fri, 08/10/2012 - 17:29 | 2695430 Getting Old Sucks
Getting Old Sucks's picture

I wanted to junk back at the girl above but your post grabbed my attention.  You're wrong.

Fri, 08/10/2012 - 16:16 | 2695195 shovelhead
shovelhead's picture

Then again, some of us boomers don't want to be understood at all. Some of us just want our Ponzi money back and to be left the fuck alone.

Fat chance of that happening.

Sat, 08/11/2012 - 06:16 | 2696629 Disenchanted
Disenchanted's picture

 

 

+1000  Absolutely right.

 

I just want some kind of return on what I and my employers have paid in on my behalf(FICA taxes) while I was naively following the friggin ever changing rules. I am sitting here right now looking at the last statement I received from the SS Admin in March 2011. I was born in 1959 and made my first 'contribution' to SS in 1973. In the almost 40 years since, according to this SS statement, all told I and my employers have paid in on my behalf $204,394(and that was as of 3/2011). I won't even ask for a simple 5% rate of return on that money over those forty years. But if someone there in DC hears this(Paul Ryan?), just cut me a check for about $210,000 and you'll never hear from my greedy, entitled, boomer ass again. And then all of you sold out pieces of DC shit can go fuck yourselves. I'm making no distinctions between (R) or (D).

 

edit: Also please kindly refrain from making any further FICA deductions from my current paychecks. Fuck you very much, and have a nice day.

 

Btw I'm a blue collar boomer and I will from time to time employ profanity...and I'm not a trader.

Fri, 08/10/2012 - 19:36 | 2695751 AurorusBorealus
AurorusBorealus's picture

You have confused cause with effect.  Boomers pay no attention to internet bloggers and tend, almost exclusively, to get their news, opinions, and fashion from television and radio: every boomer that I know does (and I know a lot).  That boomers are ignored here is not why there are few boomers here.  Boomers tend to be ignored here because there are few here.  Most of your generation is rooted in television, radio, and coporate-government controlled media.  Good on you, however, for realizing the independence of views and thought that the internet provides.

Fri, 08/10/2012 - 15:36 | 2695045 Walt D.
Walt D.'s picture

"Massive tax cuts, massive spending cuts, every single government program to see cuts with many to be eliminated, pull the troops out of all foreign conflicts, lock down the border with Mexico, cut many of the oppressive government regulations"

Actually, mo0st of this this sounds great. Guess I'm in the minority here.

Fri, 08/10/2012 - 16:06 | 2695154 Lednbrass
Lednbrass's picture

I don't think so, there is a group of Team Blue progs that came along when GW started contributing articles but for many I think this is closer to what they would like to see also. There is a sizable contingent of the non-statist political right here.

Doesn't matter though, its a small fragment of US society as a whole. Just as the Team Blue progs will never let go of their appetite for federal spending on social programs to make life fair so they can tell themselves what good people they are, the Team Red progs are never going to let go of their appetite for foreign entanglements and the world cop mentality so they tell themselves what good people they are.

Fri, 08/10/2012 - 15:40 | 2695060 Meesohaawnee
Meesohaawnee's picture

http://finance.yahoo.com/news/analysis-obama-presidency-great-stocks-174...

guys  .Serious. Reuters needs to be really "lit up " for this one. I want to puke!! the lies are just unreal

Fri, 08/10/2012 - 15:56 | 2695129 shovelhead
shovelhead's picture

Honestly,

How could anyone dislike skittle shitting unicorns?

What's wrong with you?

The markets are up and everythings okey-dokey.

Fri, 08/10/2012 - 15:40 | 2695064 Frank N. Beans
Frank N. Beans's picture

no

Fri, 08/10/2012 - 16:04 | 2695151 Winston Smith 2009
Winston Smith 2009's picture

It makes little difference which oligarchy front men are in the White House or CONgress if you're talking about clowns from either of the major parties.   They're both bought and paid for by pretty much the same special interests and listen to the same clowns posing as "experts, the same "experts" who got us into this mess.  I just wish everyone in this country would wake up to that fact and stop validating them by going to the polls and voting for them.

Fri, 08/10/2012 - 16:42 | 2695285 Red Heeler
Red Heeler's picture

"I just wish everyone in this country would wake up to that fact and stop validating them by going to the polls and voting for them."

Ie everyone stopped voting it would certainly get their attention, in a good way.

Fri, 08/10/2012 - 17:24 | 2695416 DeadFinks
DeadFinks's picture

But if you do vote, you'll have to make the choice between the Paw Paw Negro Blowtorch and Mitt.

Fri, 08/10/2012 - 20:48 | 2695882 TheFourthStooge-ing
TheFourthStooge-ing's picture

Mitt? You mean Willard, an' eno better than Debt Bro.

Fri, 08/10/2012 - 16:11 | 2695175 boiltherich
boiltherich's picture

I am NOT better off than 4 years ago, my pay is the same but I have lost about 30% of my purchasing power to unreported inflation (just finished a lg fries from Wendy's that cost $2.29 compared to $1.29 4 years ago).

 

But, I am a damned sight better off than I will be in 4 years if Mr. Magic Underpants, the neocon lite gets into office.  I used to think he was fluff, relatively benign and was just spouting shit for the consumption of the GOP base which hates his guts so they will not simply stay home on election day, but no, he is not benign, he is as malignant as anybody that has run in 20 years. 

Fortunately, unless gasoline is $5 a gallon on election day Romney has zero chance of winning, and even then it will be close. 

Fri, 08/10/2012 - 16:22 | 2695219 Zap Powerz
Zap Powerz's picture

Am I better off than I was 4 years ago? Yes.  But I have a business in one of the few industries that, so far, has been recession proof.

My business has grown measureably each of the last four years.  I am making more money and have less debt.  This has allowed me to purchase the necessary items, in large quantities, that will allow me to be better off (hopefully, if I can survive the zombies) in 4 years from now.

The past 4 years are just that: the past. Im more worried about the next 4 years and planning accordingly.

Fri, 08/10/2012 - 17:02 | 2695355 boiltherich
boiltherich's picture

 I have a business in one of the few industries that, so far, has been recession proof.

My business has grown measureably each of the last four years.

 

You must be the guy that sends out all those penis elargement pill e-mails. 

Fri, 08/10/2012 - 18:22 | 2695594 Zap Powerz
Zap Powerz's picture

Penis enlargement scams are over done.  I think outside the box.  I market vagina shrinking pills.  Same result and the women go crazy if I throw in something shiney.

Fri, 08/10/2012 - 16:23 | 2695223 Zap Powerz
Zap Powerz's picture

Am I better off than I was 4 years ago? Yes.  But I have a business in one of the few industries that, so far, has been recession proof.

My business has grown measureably each of the last four years.  I am making more money and have less debt.  This has allowed me to purchase the necessary items, in large quantities, that will allow me to be better off (hopefully, if I can survive the zombies) in 4 years from now.

The past 4 years are just that: the past. Im more worried about the next 4 years and planning accordingly.

Fri, 08/10/2012 - 16:32 | 2695250 jbvtme
jbvtme's picture

that's a better quesion to ask the folks in libya, iraq, afganistan, pakistan, sudan, palestine...  no?

Fri, 08/10/2012 - 16:32 | 2695254 jomama
jomama's picture

my income is actually smaller, but i am in a better financial position solely because i have been consistently buying gold and silver.

Fri, 08/10/2012 - 16:42 | 2695286 shovelhead
shovelhead's picture

The bad news is that I saw your name on Homeland Security's Financial Terrorist list.

I think it's called the Dollars or Dungeons Act.

Fri, 08/10/2012 - 16:33 | 2695261 Arnold Ziffel
Arnold Ziffel's picture

0.06% interest on savings is killing seniors. I can tell you that. I see it all around me...poor things counted on a 4% return at least. However, they must feel warm and cuddly to know they are propping up the banks and housing bubble.

 

Then again. Maybe not.

 

PS: Wait until the 0.06% return trickles down to pension funds that expected 8%. So to answer your question; "No, I do not think things are getting better."

Fri, 08/10/2012 - 16:49 | 2695312 Westcoastliberal
Westcoastliberal's picture

As I've been telling you guys since I don't know when, Cheney and his cabal buddies are still in charge and running the show.  How can you otherwise explain the wrong-headed executive orders, NDAA, and murder of American citizens (Murder by drone), plus cover for all the Banksers that Obama has engaged in?  It's sure NOT what you'd expect from a Dem president, is it?

Fri, 08/10/2012 - 18:07 | 2695552 shovelhead
shovelhead's picture

Hmmm,

I guess that could explain why the waters aren't receding and the Earth is not healing...

I'll have to think about that.

Fri, 08/10/2012 - 17:05 | 2695365 JimBowie1958
JimBowie1958's picture

I am better off, but no thanks to Obama.

If he gets a second term I might be unemployed after May of 2014.

Fri, 08/10/2012 - 18:00 | 2695531 Spastica Rex
Spastica Rex's picture

Four years ago my family and I were middle class. We went skiing most weekends during the winter and traveled around the Pacific Northwest during the summer. Occasionally we would take a trip to San Francisco. We ate out when we felt like it.

Now, I'm unemployed, my wife teaches at a Catholic school and my children qualify for free lunch at their public schools (however, they get peanut butter sandwhiches in paper bags). We eat beans and other meatless meals most nights. I no longer drive and ride a bike. I've lost 60 lbs. I also NO LONGER WORK FOR THE GOVERNMENT AS AN EDUCATION BUREAUCRAT HAVING QUIT IN DISGUST 2 YEARS AGO.

I'm better off.

Fuck BO.

Fri, 08/10/2012 - 18:57 | 2695673 q99x2
q99x2's picture

Yes I'm doing better but maybe its time to say something about that trillion in student debt.

Fri, 08/10/2012 - 19:39 | 2695758 GoldandSilverTrain
GoldandSilverTrain's picture

Obamney 2012. Either way we won't get change for the better

https://miningstockvaluator.com/

Fri, 08/10/2012 - 20:24 | 2695833 boiltherich
boiltherich's picture

The devil you know...

Don't like and did not vote for Barry O, but sure the shit will not vote for MIT!  I know the fascists will give him 90% of their vote (the other 10% of fascists will vote Obama only because they were too stupid to figure out how the ballot worked). 

But really, it is a moot point since Romney has about as much chance of winning as a snowball stands in hell.

Fri, 08/10/2012 - 22:22 | 2696117 Vendetta
Vendetta's picture

I'm doing a lot better, only it has taken a lot of 80 plus and 90 plus hour workweeks.  Beats being unemployed in the worst job market since I was born

Fri, 08/10/2012 - 22:55 | 2696194 DarthVaderMentor
DarthVaderMentor's picture

Yes, I'm better off because I now know clearly who is robbing me and I wasn't so sure 4 years ago.

Sat, 08/11/2012 - 02:04 | 2696499 knowshitsurelock
knowshitsurelock's picture

Shut up you slaves, get back on your hamster wheels, run as fast as you can, work your asses off, give all your FRN's back to the banks in interest on debt, eat their shitty food and watch their propaganda TV, do as your told and die broke.

You want to make a run for the fence and get off the plantation?   They'll just take you out, no questions asked.

Sat, 08/11/2012 - 03:48 | 2696567 Monk
Monk's picture

Are you better off than you were three decades ago? Yes, and thanks to Reagan clones. Are you better off than you were four years ago? No, and for the same reason.

 

Sat, 08/11/2012 - 05:14 | 2696603 sessinpo
sessinpo's picture

One is this or that. You only have control over so much. Be like water and flow with the changes or non changes. Make the most of whatever situation is presented, after all you only have so much control.

Tue, 08/14/2012 - 23:52 | 2705857 GlomarHabu
GlomarHabu's picture

 

 

Anyone who thinks they are better off than four years agao ,by any measure they wish to use is delusional.

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