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Personal assets crash 22%
under Obama, recession

Washington Examiner, by Paul Bedard

Original Article

Posted By:Judy W., 2/25/2013 8:56:36 AM

The struggling economy, President Obama´s inability to fix unemployment and the sour housing market have cut the value of assets held by adult Americans by 22 percent since 2007, according to Pew Research. In a new analysis of American household fiscal healthiness, Pew also found that those 35 and older have a higher and out-of-whack debt-to-income ratio of 1.22, the highest in three decades. The crash in household assets and rise in debt comes as Americans are paying more in payroll taxes and at the gas pump, an unhealthy concoction that is sapping support for Obama.

      


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Reply 1 - Posted by: lylacat, 2/25/2013 9:36:30 AM     (No. 9194737)

Of course assets are worth a lot less; 0bama is printing 85 Billion Dollars each and every month out of thin air; that makes every dollar worth a lot less. 0bama says there is no inflation, but then, he does not have to buy groceries, buy gasoline, or pay his heating bills. Everyone knows we have huge inflation, but they just do not count food, housing, or energy (the three biggest purchases for an American family). But the number for inflation is "rigged" just like the unemployment numbers that they say are less than 8%; the real number is 16% or higher.

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Reply 2 - Posted by: Felixcat, 2/25/2013 9:45:44 AM     (No. 9194753)

But the latest Zobgy Poll has his favorables at 55% or so - unbelievable.

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Reply 3 - Posted by: blizzard, 2/25/2013 9:49:32 AM     (No. 9194772)

Not sure about my 401k, but I lost my job for over a year, and then had to take a 25% pay cut with my new one. At least I´m working...wish someone would work on getting rid of all of the Marxist traitors in our government... local and national.

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Reply 4 - Posted by: ROLFnader, 2/25/2013 10:07:50 AM     (No. 9194809)

The writer must be a racist because Obama wasn´t president in 07. Two totally white people,Reid and Pelosi, were in charge then.

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Reply 5 - Posted by: curious1, 2/25/2013 1:06:59 PM     (No. 9195236)

33, dealing with communists at home was left up to the citizens by the founders; using the soap box, ballot box and cartridge box, thus the inclusion of the 2nd amendment in the bill of rights.

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