Can some one explain to me who is better off and how .
If I had 100 million dollars in 2001 today that same money is worth 83 million .
So exactly who is better off .
2007-12-20 06:16:43 · 18 answers · asked by TroubleMaker 5 in Politics & Government ➔ Politics
I wish that I could understand the answer myself. The majority of people that I know are not better off. My grown children are all employed and have good jobs yet they are struggling to pay their bills.....they barely make it from payday to payday. I do not believe there is such a thing as 'middle class' anymore....you are either working class poor or upper class.
I mean, don't you feel sorry for the CEO of the big investment firms who are reporting billion dollar losses for the first time in the history of the company...so the CEO is not going to get his $40 million dollar bonus???
Robert G - where are you banking that you earn 6% interest??? the norm for earning interest right now is 4.75%...just curious
2007-12-20 06:23:50 · answer #1 · answered by Becca 4 · 2⤊ 2⤋
Which poll is that? I am much better off. When Bush won the election '08, I had been laid off 2 months earlier with 1307 other people in the plant where I worked. Even after being out of work for almost 5 months last year due to illness with no income, I am still better off financially than when Bush took office. I got my first Fed tax break in about 18 years and know that as long as Bush is in office, we are relatively safe from our enemies, both foreign and domestic. You are a poor investor if you turned 100 million into 83 million in the last 6 years. I turned 20k into 30k. And my degree is in freakin' art.
2007-12-20 06:35:46 · answer #2 · answered by Anonymous · 1⤊ 1⤋
I think it is no secret even among politicians that the Republicans are pro-business and the majority of the wealth is amond the few. If middle and lower income class Americans want change they need to start by actively supporting a candidate that will best represent what they want for their country. That is why presidential election is important so that the single American voice is heard and that you listen carefully and do you research on those running for office. Who seems to want to a little more for the lower and middle class citizen. The reality is that America will never be a Socialist type where all the most important needs are taken care of by the government. That would be dreaming. But you can go out make your vote choose your candidate that will best represent you in office.
2007-12-20 06:24:43 · answer #3 · answered by Unblindisback 3 · 1⤊ 1⤋
I assume in your genius question you factored in the interest 100 million makes if it was invested modestly. Factoring that in at 6% interest over 7 years I got your total being 117 million and that is factoring your reduced dollar value. Math doesn't lie.
Becca, if you have 100 million to invest don't you think banks offer a better rate then the schmuck with 10000?
2007-12-20 06:22:13 · answer #4 · answered by Anonymous · 3⤊ 0⤋
The numbers show that the economy was "decent" during Bush's Presidency. Not saying that they were great, but we were moving forward a a decent pace. If you review all the economic indicators, you will see that they start heading south after the November election in 2008. I think this is significate evidence that the mere thought of Obama being our president was enough to destroy our economy. The reality is, companies recognized how radical the president was that they started to scale back. Until we get a new president in, this will continue.
2016-05-25 04:44:11 · answer #5 · answered by lindsay 3 · 0⤊ 0⤋
I doubt that there is such a poll and if there is I doubt its accuracy. If you had $100 mllion in 2001 and it is now worth $83 million it is your fault, not Bush's or the economy. My experience, which I believe is typical of investors, is that my portfolio has doubled since he has been in office. So, unless you are spending way too much, your investment choices have been imprudent.
2007-12-20 06:22:01 · answer #6 · answered by Anonymous · 6⤊ 1⤋
When refering to a poll, it helps to link the poll, but since you are just stating an opinion, rather than a question, It's safe to say the other 95% of Americans are the same as they were before Bush took office.
2007-12-20 06:22:22 · answer #7 · answered by mbush40 6 · 4⤊ 1⤋
If the Democrats get elected your 83 million will be taxed until you only have about 35 million.
2007-12-20 06:25:47 · answer #8 · answered by Sean 7 · 2⤊ 1⤋
I bought and sold a few houses in that time, made quite a mint on the rising real estate market.
Granted, the house I'm in now has lost some of the value on paper, but I'm still FAR FAR ahead of where I was in 2001. Just going to sit on it and ride out the dip.
2007-12-20 06:21:36 · answer #9 · answered by Anonymous · 7⤊ 1⤋
I'd like to read the results of that poll. Can you provide any link, web site, or written review?
Or is this just your way of spreading more misinformation, half-truths, lies, bias, prejudice and political bigotry?? -RKO- 12/20/07
2007-12-20 06:31:30 · answer #10 · answered by -RKO- 7 · 1⤊ 0⤋