The Obama ‘Hope & Change’ Years: Median Net Worth of Families Fall 39% from 2007 to 2010

More great economic news for American’s from Barack Obama’s ‘Hope and Change’. According to the Federal Reserve, the median net worth of US families have plunged 39% in the past three years under Barack Obama. But of course we all know who Obama will blame for this. This is yet more proof that the private sector is doing fine. Let’s wait for Obama’s next presser when he says the American family is #DoingJustFine.

The recent recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with ­middle-class families bearing the brunt of the decline.

The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were in 1992.

The data represent one of the most detailed looks at how the economic downturn altered the landscape of family finance. Over a span of three years, Americans watched progress that took almost a generation to accumulate evaporate. The promise of retirement built on the inevitable rise of the stock market proved illusory for most. Homeownership, once heralded as a pathway to wealth, became an albatross.

Read the full story at the WAPO.

Remember in November, as opined by the Lonely Conservative, when you ask yourselves if you are better off than you were four years ago, the answer for many is an obvious no.

“Missed It By That Much” … Obama’s Budget Goes Down in Flames in US Senate, 99-0 … Not One Democrat Vote

How come the MSM is not talking about this bi-partisanship?

THUD!!! What was that sound? Barack Obama’s budget crashing to the ground with a 99-0 vote against. That’s correct, not one single Democrat Senate vote. This is hardly a ringing endorsement for Obama and Obamanomics. These Democrat Senators are going to have a difficult time justifying their vote against the Obama budget, their misgivings on voting for Obamacare and the $787 billion stimulus and campaigning for or with Barack Obama in 2012. Just a reminder from the Lonely Conservative, the US Senate is controlled by Democrats.

Gotta love the sarcasm from Michelle Malkin.com, ‘Senate narrowly votes down Obama budget’.  The final vote tally reminded me of the hit TV Show ‘Get Smart’. The TV Show, not the movie. Don Adams, Agent 86, Maxwell Smart was famous for saying, “missed it by that much”.

President Obama’s budget suffered a second embarrassing defeat Wednesday, when senators voted 99-0 to reject it.

Coupled with the House’s rejection in March, 414-0, that means Mr. Obama’s budget has failed to win a single vote in support this year.

Republicans forced the vote by offering the president’s plan on the Senate floor.

Democrats disputed that it was actually the president’s plan, arguing that the slim amendment didn’t actually match Mr. Obama’s budget document, which ran thousands of pages. But Republicans said they used all of the president’s numbers in the proposal, so it faithfully represented his plan.

Sen. Jeff Sessions, Alabama Republican, even challenged Democrats to point out any errors in the numbers and he would correct them — a challenge no Democrats took up.

“A stunning development for the president of the United States in his fourth year in office,” Mr. Sessions said of the unanimous opposition.

Weasel Zippers reminds us that the Obama budget also received zero votes in the House as well. The end result, not one Democrat was willing to go out on a limb and attach themselves to Obama’s budget. Hardly a vote of confidence for the leader of their party.

Barack Obama, the Not So “Marvelous” President … Google & You Tube Are Just So Unforgiving

BARACK OBAMA, THE NOT SO MARVELOUS, BUT DESPERATE PRESIDENT … I GUESS OBAMA WAS OUT OF TOUCH WHEN HE SAID HAT MICHELLE OBAMA WAS DOING A “MARVELOUS” JOB …

Dear President Barack Obama, “Isn’t it  marvelous” that search engines like Google and Internet sites like You Tube can record all of your comments so that when you try to mock and belittle individuals, your BS gets thrown back in your face? Like when you pathetically tried to make fun of GOP Presidential primary candidate Mitt Romney and ridiculously tried and paint him as an out of touch individual at an April 3, 2012 AP luncheon? Just this past week Obama criticized Romney for using the term “marvelous” to describe Paul Ryan’s budget. Really Mr. President, before you mock others, you best check what you have said in the past yourself.

Sorry Barack, if “Marvelous” is good enough for Billy Crystal and Fernando, it is good enough for me

When President Barack Obama criticized Mitt Romney by name this week for embracing a controversial Republican budget proposal, he worded his attack carefully and with bite.

“(Romney) said that he’s ‘very supportive’ of this new budget, and he even called it ‘marvelous’ – which is a word you don’t often hear when it comes to describing a budget,” Obama said during a speech on Tuesday, before adding:

“It’s a word you don’t often hear generally.”

How pathetic that we have a president that at every turn tries to pit American against American, play the race card and in this case the affluent card. How desperate could he be? Obama tries to pin using the word “marvelous” to being rich and out of touch. Although as stated at Powerline what takes even more nerve is for Obama to criticize anothers budget when Obama’s could not garner a single  vote and his Democrat Senate refuse to write one. Yet Obama did exactly that.

Obama’s riff on Romney’s use of the word “marvelous” to describe Representative Paul Ryan’s budget plans carried a subtle message.

“It’s a word you kind of associate with the upper class, and I think that the intention was to tweak Romney for being wealthy and, you know, sort of brought up in the kinds of circles where they would say ‘marvelous,’” said Kenneth Sherrill, a political science expert at New York’s Hunter College.

Barack Obama should have had his minions check Google and You Tube before he made such ignorant comments regarding “marvelous” not often being heard. I guess Barack Obama does not even listen to his own words.

So marvelous is a term you generally don’t hear at all, eh Barack? How about the time when Obama used the term “marvelous” to describe Martin Luther King’s oratory. Or when Obama described his “marvelous” surrounds. Finally when Obama used the term “marvelous” to describe the job that his wife, the First Lady Michelle Obama was doing.

 Could Barack Obama be any more of a decisive clown? Seriously, how ridiculous, childish and small could this man possibly be?  He would mock some one for using a word that he uses all the time. Obama does not anyone to look at his record on the economy, instead he thinks he is cute by mocking Romney instead, how marvelous.  He thinks you are stupid America.

Thank You Barack & Obamanomics … Credit Rating Agency Egan Jones Downgraded the United States Because of Unsustainabible Debt

How bad for America is Obamanomics? Another credit agency has downgraded the United States economy over debt concerns. Obama and Democrats answer is to just keep on spending and increasing the debt. Credit rating agency Egan Jones downgraded the United States … Thanks Obama, why on Earth would any credit agency have concerns with a $15.6 trillion debt and growing.

Credit rating agency Egan Jones downgraded the United States Thursday on concern over the sustainability of public debt. Egan Jones is one of the most important ratings firms in the world; they lowered our credit level from AA+ to AA. The firm reduced America from AAA to AA+ in July 2011, just before Standard & Poor’s did the same.

Egan Jones warned. “Without some structural changes soon, restoring credit quality will become increasingly difficult . . . without some structural changes soon, restoring credit quality will become increasingly difficult.”

The Gatway Pundit reminds us of when Obama complained about what GWB did in 8 years with regards to the national debt? Barack Obama called it irresponsible and unpatriotic.  Obama stated that W increased the debt from $5 trillion to $9 trillion. Meanwhile in less than 4 years Obama has increased the debt to 15.6 trillion. If GWB was unpatriotic, then Obama’s handling of the debt is an act of treason.

Barack Obama Calls Out the Ryan Budget Yet WH Spokesperson Jay Carney Refuses to Address Why Obama Will Nor Call Out Democrat Controlled Senate To Pass Budget

The Barack Obama Presidency has no credibility. Obama is quick to call out Republican House Rep Paul Ryan’s budget, yet Obama and his minions are as quiet as a church mouse when it comes to why “The One” says nada when it comes to Harry Reid and the US Senate’s and the president’s own budget. What is most incredible is when Obama references Ryan’s budget as radical, it sounds like he is talking about his own policies and agenda.

Hot Air nails the duplicity of Barack Obama and his mouth piece minions. Obviously Jay Carney can’t handle the truth … nor questions about Obama’s budget or the lack there of.

To cleanse the palate, a simple question: Since only 51 votes are needed to pass a budget in the Senate and there are 53 Democratic and left-leaning independent senators, why doesn’t smilin’ Harry Reid ram through O’s latest spending blowout? The White House gets awfully fidgety when the media presses them on this, to the point where even former OMB director Jack Lew was forced to play dumb about how many votes are needed for Democrats to pass this thing.