Can he not see that for the TWO YEARS of HIS presidency, he has been Bush W. on STEROIDS?
Is Barack Obama TOO STUPID to realize that putting Bush's FAILED economic hacks - Ben Bernanke & little hatchet man Timmy Geithner - BACK in charge of the entire U.S. economy (with Obama's promotion of Geithner from NY Fed President to TREASURY SECRETARY, and Obama's renomination of Bush's Fed Chairman nominee, Ben Bernanke) was not "change"... but was MORE OF THE SAME economic larceny as under Bush & Cheney, but with his own (Obama's) kiss of approval??!
Is Obama TOO STUPID to notice that he has presided over the TRANSFER of BILLIONS upon TRILLIONS of dollars of household wealth owned by American families, to the financial swindlers, treasury looters, economy wreckers, social welfare sucking 'bailout' queens & robber barons on Wall Street?
via TRILLIONS of dollars of NO OVERSIGHT "bailouts," "liquidity injections," and now Quantitative Easings 1, 2, and, soon enough, 3?
Fed: Household wealth down 23% in two years
Charles Riley, staff reporter, On Thursday March 24, 2011
The average American family's household net worth declined 23% between 2007 and 2009, the Federal Reserve said Thursday.
A rare survey of U.S. households, first performed in 2007 but repeated in 2009 in order to gauge the effects of the recession, reveals the median net worth of households fell from $125,000 in 2007 to $96,000 in 2009.
Titled "Surveying the Aftermath of the Storm," the report offers a broad look at how the financial crisis impacted individual households.
It is widely known that the 2008 financial crisis resulted in the vaporization of trillions of dollars in household wealth. But Federal Reserve officials said Thursday the new report offers a look at exactly how hard the recession hit families [IS, STILL NOW, HITTING families], and how they reacted. (cont'd)