Has your overall income droped since bush took over?

Has your overall income droped since bush took over?

I just wanted to know cause since bush took over the overall income my dad has been getting had droped.

Income = Yearly pay from work

yeah..a lot of people I know even had to cut back on spending dramatically. It's insane..and gas is up to almost three dollars a gallon. Other people I know were laid off from work, and that made it worse. So there was no income :P

Yes:

I went from positive-income employed to negative-income student

Wakka-wakka-wakka!

Yes - like a rock. But that's because I went back to school like a dumbass ...

No.. In fact it went up close to $20,000.


Without waxing intellectual on yet another political topic.. I'll try to make this concise.


The president has very little, if any, direct impact on the economy, especially if it's within 4 years of him taking office.

Mr. Greenspan has more of a direct effect on the economy.

VanillaThunder said:

The president has very little, if any, direct impact on the economy, especially if it's within 4 years of him taking office.

Mr. Greenspan has more of a direct effect on the economy.

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Very true. I'm sure that people will subsequently point to the job losses, but those really have more to do with corporate restructuring (i.e. moving factories the hell out of the US) than anything else.

VanillaThunder said:

The president has very little, if any, direct impact on the economy, especially if it's within 4 years of him taking office.

Mr. Greenspan has more of a direct effect on the economy.

Click to expand...

I couldn't of said it better, you have my eternal gratitude for putting the core argument in this thread to death early.

As for how overall economic trends relate to my family and I....

My income has remained pretty much static for the past 2 years, I'd like to think that I'm doing pretty well for a college student although I don't think it's absolutely nessicary to post a dollar amount on these boards.

As for my family my mother's an educator, nobody invests, and my extended family are in fields that aren't really vulnurable to the fluctuation in the economy as a whole. It's a secure existance, but it's not nessicarily an exciting or very lucrative one.

That said if I were to factor gas prices into our overall economic picture...at $2.05 a gallon that doesn't help.

Let's see how much damage gas does to galfordo and his little bitch-ass 4 cyrindar ....

~28 gallons/month (I use a tank about every two weeks)

~1.30 when Bush took office (correct me if I'm wrong here)

~1.75 now

.35*28*12 = $117.60

WTF, man??!! That's two good MVS games

I thought we were fighting this war to get extra oil??? Wouldn't this drive the price down?

galfordo said:

Let's see how much damage gas does to galfordo and his little bitch-ass 4 cyrindar ....

~28 gallons/month (I use a tank about every two weeks)

~1.30 when Bush took office (correct me if I'm wrong here)

~1.75 now

.35*28*12 = $117.60

WTF, man??!! That's two good MVS games

I thought we were fighting this war to get extra oil??? Wouldn't this drive the price down?

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The major culprit of the price hikes is OPEC...as a profit driven cartel and they'll cut production, while driving prices into the sky as they see fit.

Releasing the national oil reserve is useless....OPEC would just counter-balance that and cut production futher to counterbalance that effort and keep prices at the same level.

Killing the gasoline tax isn't viable because they'd just do the same and except they'd be pocketing a few extra cents directly.

We could try and play a game of political strong arm with OPEC but in the end that could possibly result in a situation similar to what happened during the 1970's oil crisis.

The only real way to reduce energy prices is to get more oil from non-OPEC producing countries, like Venezuela, the with drilling rights in the North Sea, Russia, and our own sources even though the Alaskan reserves are insanely controversial so we're not likely to touch that anytime soon. While simutaniously researching alternative energy so we can at least eventually move away from Oil in terms of power generation, therefore freeing more of it up for transportation, heating and everything else.

Basically there's no way out of this except for technological progress, conservation, exploration of our own domestic sources, the pacific rim, antartica and our government sweet talking certian key countries in South America and Russia.

Some scientists are actually starting to get a bit excited about Russia and some think that continued exploration will eventually prove that the Russian oil reserves could rival or exceed the amount of Oil found in the Middle East. I'm just glad this is starting to come to light after the Soviet Union fell

That said the short term analysis is that prices are going to keep rising past historic levels throughout the summer driving season, hit a wall in August, settle down in the fall, and then they'll rise back up to obnoxious levels just in time for home heating oil sales in the winter.

My income certainly went the heck down.

My income has went up about 30k/year, but that's just because I finally graduated and got a drastic increase in pay about a year ago.

Matt

No

And it's 'dropped' not 'droped'.

Droped, drooped, dropped. Drastically. The bad ecconomy (whatever the cause) forced the business I worked for pretty well under. I was living comfortably; now every day is a contstant scramble to find freelance work in a shrunken market.

SouthtownKid said:

Droped, drooped, dropped. Drastically. The bad ecconomy (whatever the cause) forced the business I worked for pretty well under. I was living comfortably; now every day is a contstant scramble to find freelance work in a shrunken market.

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Sorry to hear that man.

The company I work for, before the 'war' was stable but not making much money. Considering we do some of our sales to the military, you can only imagine the profits we've been seeing!

I may not have wanted the US to go to war, but it's lining my pockets rather well I must say.

slerch666 said:

Sorry to hear that man.

The company I work for, before the 'war' was stable but not making much money. Considering we do some of our sales to the military, you can only imagine the profits we've been seeing!

I may not have wanted the US to go to war, but it's lining my pockets rather well I must say.

Click to expand...

So for you it's not a war for oil -- but a war for anime! I had a friend who worked in defense technology contracting-type stuff and did real well financially, but after the Gulf War ended, things kind of dried up for them, and now he's a teacher. Hope things continue well for you (err, as long as that doesn't necesitate prolonging the war, that is).

Actually, the I work for a company that makes fabric that is wind proof/water proof/breathable that the military uses for a lot of it's outfits and boots. Even if there is no war, the Gov't still buys from us, just not as much (we just make the fabric, other compnaies make the parkas, boots, pants and whatever else). Plus we also have the 'consumer' side of fabrics... so I should have a job for awhile, war or not. Once the war is over, however, it's likely I won't see as big a profit share check.

So the war does need to be prolonged for us to continue making money, but it is nice for me financially.

The war for Anime... that sounds about right!

I went up in my part-time job status from $7.75/hr to $12.75/hr woo hoo. I hope my salary next year, though, when I graduate is at least average for a Computer Engineer: $55,000/yr.

Went up.

And my tax refund was hella good. I'm buying new appliances w/ it soon.

galfordo said:

Very true. I'm sure that people will subsequently point to the job losses, but those really have more to do with corporate restructuring (i.e. moving factories the hell out of the US) than anything else.

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But then, bush has not exactly been an opponent of free trade, and other practices that allow such mass outsourcing.

I'm currently making more myself, but I can't attribute my money to the president directly.

jethrek said:

But then, bush has not exactly been an opponent of free trade, and other practices that allow such mass outsourcing.

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So you think we should abolish free trade or what? To me, it seems like a catch 22 type situation. If you allow oursourcing people lose jobs, plain and simple. If you don't allow it, US companies can't compete effectively in the world market, and the economy suffers. Personally, I'm still undecided on this one. Seems pretty complicated to me.

Down, then up, then down again, then up again.

Basically, I was in a 40-hour co-op job during the "transition" and the job ended March 2001. I then worked retail. Then, I got another co-op job (again, 40 hours) and after that, I went back to retail. After that, I got a second job tutoring kids. So... whatever.

And you kids and your anime... I'm sort of saving up for a second-hand Ultrabook to get more experience at Solaris or some shit.

galfordo said:

So you think we should abolish free trade or what? To me, it seems like a catch 22 type situation. If you allow oursourcing people lose jobs, plain and simple. If you don't allow it, US companies can't compete effectively in the world market, and the economy suffers. Personally, I'm still undecided on this one. Seems pretty complicated to me.

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Well, sometimes I feel like "free trade" is an oxymoron.

Part of my problem is that once you establish free trade with a nation, it's something that too many companies come to rely on, so I certainly don't think we can turn back the clock on it. But I do think we should be slower and more picky about our partners considering the outsourcing situation.

jethrek said:

Well, sometimes I feel like "free trade" is an oxymoron.

Part of my problem is that once you establish free trade with a nation, it's something that too many companies come to rely on, so I certainly don't think we can turn back the clock on it. But I do think we should be slower and more picky about our partners considering the outsourcing situation.

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OK - so you believe that there should be some form of restriction. I can agree with that. I definitely think that we should consider some of the ethical implications that come with sending US jobs to just any foreign country.

Hell Yeah!

...but mostly because I quit my job.

...well, pretty much entirely due to me quitting.

Still, it's Bush's fault.

VanillaThunder said:

No.. In fact it went up close to $20,000.


Without waxing intellectual on yet another political topic.. I'll try to make this concise.


The president has very little, if any, direct impact on the economy, especially if it's within 4 years of him taking office.

Mr. Greenspan has more of a direct effect on the economy.

Click to expand...

You must be a finance or econ major