Who is better off now than 4 years ago?

tag

frank

WALL STREET & CORPORATE PROFITS (for the major corporations)

estero

tag wrote: »

Obama is. He is making millions.

phlatsphil

me

Conchy Cracker

Definitely not this guy....

cadman

No I

chubasco

Mitwit is for sure, maybe he'll vote for Obama.

dragon bait

i am

chubasco

cadman wrote: »

No I

Government's fault or yours?

cadman

The economy. I am not going to blame the government for the recession. My business is retail. Retail is just now back up to 2006 numbers. But I took on significant debt to survive 2008, 2009, and 2010. That is going to take time to recover from. My business, like most other convenience stores in this area are still down in sales due to many factors.

Should I have taken an offer to sell in 2007? That was one mistake I made, but then if I knew this recession was coming I would have sold.

Should I have reacted faster to the downturn in sales? Probably, but if I known the recession would be this bad and our President incompetent, I would have,

So it was partly my fault for not seeing the recession coming and not reacting quick enough when it did hit. Is it the Governments fault for not taking the correct action to pull us out of this crappy economy, I believe so. I think if Obama had spent his first year focused on the economy instead of healthcare, we would be better off financially right now instead of worried another recession is going to hit us early next year.

Between cashing out my retirement and other stocks at a loss to survive, the loss in value of my business due to the fact no one is buying in this economy except the bottom feeders looking for a deal, and the decrease in my home value, I lost about $500,000 due to the recession. I could have sold out in 2007, not worked a day since and be better off. But, as I said, if I only knew what was going to happen back then.

Petealan

cadman wrote: »

The economy. I am not going to blame the government for the recession. My business is retail. Retail is just now back up to 2006 numbers. But I took on significant debt to survive 2008, 2009, and 2010. That is going to take time to recover from. My business, like most other convenience stores in this area are still down in sales due to many factors.

Should I have taken an offer to sell in 2007? That was one mistake I made, but then if I knew this recession was coming I would have sold.

Should I have reacted faster to the downturn in sales? Probably, but if I known the recession would be this bad and our President incompetent, I would have,

So it was partly my fault for not seeing the recession coming and not reacting quick enough when it did hit. Is it the Governments fault for not taking the correct action to pull us out of this crappy economy, I believe so. I think if Obama had spent his first year focused on the economy instead of healthcare, we would be better off financially right now instead of worried another recession is going to hit us early next year.

Between cashing out my retirement and other stocks at a loss to survive, the loss in value of my business due to the fact no one is buying in this economy except the bottom feeders looking for a deal, and the decrease in my home value, I lost about $500,000 due to the recession. I could have sold out in 2007, not worked a day since and be better off. But, as I said, if I only knew what was going to happen back then.

I can't believe I actually agree with a Gville Resident, gotta be a first. I'm in the same boat as you, as well as tens of millions of other Americans. The only trouble with cashing out back then is that the interest on cash was/is .5% and dividends on high paying stocks is only 3-4%, so without spending our capitol for living expenses, it would be a pretty frugal living (by my standards).

tommyr904

I am,I have killed 3 gators in the last 2 weeks.love me some gator tail.:grin

Petealan

frank wrote: »

WALL STREET & CORPORATE PROFITS (for the major corporations)

What Wall Street is doing really has nothing to do with our economy for the average taxpayer. Does it affect the average TP because Apple is at $700 and Google is at $650?

cpr

I'm not, gas and food are way up and my pay as most salaried workers has not kept up and overtime has been eliminated. I have been lucky to get a raise yearly but I know many who have had their pay frozen for the last 2-3 years.

Unknown

Petealan wrote: »

I can't believe I actually agree with a Gville Resident, gotta be a first. I'm in the same boat as you, as well as tens of millions of other Americans. The only trouble with cashing out back then is that the interest on cash was/is .5% and dividends on high paying stocks is only 3-4%, so without spending our capitol for living expenses, it would be a pretty frugal living (by my standards).

I am not, I did sell a couple years ago and have been lending my money in order to have a return, however, my house is worth $500K less as is my office building and another rental house is worth half.

estero

Prices are up on most needed items. Overall incomes are down on an average. Consumers are spending more because of rising gas and food prices. More consumers are having to dip into savings to make purchases. Inflation is going to increase.
Most are really not doing better.

frank

Petealan wrote: »

What Wall Street is doing really has nothing to do with our economy for the average taxpayer. Does it affect the average TP because Apple is at $700 and Google is at $650?

i know
but the question was "Who is better off now than 4 years ago?"
not whether or not we are
personally i'm not doing too badly, in the past four years i've learned two new programming languages and am in a position to become an oracle applications developer
however my mortgage is upside down, gas keeps going up as does the grocery bill, and those things won't change no matter which bobble head is at the white house podium

Day Tripper

Don't forget home insurance, keeps going up, state farm gets another 6% in Feb.

snooknomore

I am because I trade stocks to make most of my money, a lot of my friends are not they were in construction.

WaterEngineer

I am not as good or better off by a longshot. By reasonably conservative calculations I am behind 650K to more than 700K.

heathen

i'm doing better. the market is up. things are getting better.

i'll take 4 more from O rather than 4 of mittwit "bush redux" romney.

Conchy Cracker

I'm up substantially from 4 years ago, that's why I'm voting for Romney. I need a vacation to spend some of this cash.

Gardawg

since late '08 my income has tripled and my net worth has more than doubled ...

fins4me

Actually the last 10 yrs have been very good,, so yes I am better off,, that said,, barry had nothing to do with it.

Unless,,,, you consider the stupid continuation of the ethanol program which has driven up corn prices... I am glad to take advantage of their stupidity.

ben17

Better off but not because of the federal government.

Conchy Cracker

Interesting observation here. Everyone who sucked the cash out of their real estate or bought in an inflated market are the ones now blaming Obama for their ignorance and hoping Romney will bring back those days of no responsibility for your actions. Losing 1/2 million in real estate and telling everyone about it is fricken priceless.....

Bimini Twisted

Conchy Cracker wrote: »

Interesting observation here. Everyone who sucked the cash out of their real estate or bought in an inflated market are the ones now blaming Obama for their ignorance and hoping Romney will bring back those days of no responsibility for your actions. Losing 1/2 million in real estate and telling everyone about it is fricken priceless.....

Ironic that the party of personal responsibility can do nothing but blame the bad man in the White House for their personal foibles and failures.

mustang190

Bimini Twisted wrote: »

Ironic that the party of personal responsibility can do nothing but blame the bad man in the White House for their personal foibles and failures.

Actually the blame goes to those who signed the dotted line. And knowing they could never afford or payoff something so over priced.
There are winners and losers in every aspect of a free market capitalistic economy, and thats why it works. And socialism and other centralized economies fail.
Check out the riots in Europe.

Menzies

Hell yes, in fact hell hell yes yes.

brentsum

I am better off for sure, I can say that sentiment is true for nearly all my extended family.

rodz

Better off here also. I think most can evolve with the ever changing economic picture. Projects in the pipeline with Fortune 500 companies up 25% this coming year.
:crossed