I did the practical math and while you are correct wages are growing faster than inflation it's not by much, and prices are going up faster than both, and that's just a fact the data shows for the last few decades that predates Mr. Obama. That is true for most people except those in the upper income brackets who have seen great increases in their income despite the recession in which Obama's debts were incurred as well as adding hidden costs of wars and middle class tax cuts, and public works projects. Let's not forget either the under reported news of large companies and their underfunded pensions they did away with further exacerbating those middle class workers job losses.
I get why people say the economy on average is great, but the stories of those that fall below average cannot be ignored, as easy as that is to do if you are average and above. For those reasons that I outlined above and have articulated before I cannot get on the dufus as savior train given the many facets of this economy that you don't seem to know. It's not just about the dufus and his bragging, as I have seen this supply side economic roller coaster many times with the same results, but NEVER as much lying and exaggeration so easily swallowed by the least informed average and above citizens.Quote:
Moreover, there's evidence that some companies have taken unfair advantage of PBGC coverage when terminating pension plans. A report from the government's General Accounting Office showed that the sponsors of 10 underfunded pension plans paid 40 executives a total of $350 million in compensation shortly before killing the plans, resulting in employees getting smaller benefits and leaving the PBGC -- and ultimately, taxpayers -- to shoulder much of the shortfall. The report itself didn't name the companies, but independent sources said the companies involved includedUAL's (Nasdaq: UAUA) United Airlines, US Airways(NYSE: LCC), and Polaroid.
All I'm saying guy is judging the economy by a few parameters completely misses the over all picture and the people involved in it. You cannot ignore slow wage and economic growth while having such low unemployment but rising costs. That's fiscal malpractice.