Under Obama, American Households Hit 43-Year Low In Net Worth; Middle Class Hit Hardest

December 1, 2012

obama worst president everThe median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.

According to a recent study by New York University economics professor Edward N. Wolff… the percentage of households with less than $10,000 in assets (using constant 1995 dollars) rose from 29.7 percent to 37.1 percent. The “less than $10,000″ figure includes the numerous households that have no assets at all, or “negative assets,” which is otherwise known as “debt.”

“This downbeat take on their economic situation comes at the end of a decade in which, for the first time since the end of World War II, mean family incomes declined for Americans in all income tiers,” the Pew Report stated.

From:  http://washington.cbslocal.com/2012/11/30/study-american-households-hit-43-year-low-in-net-worth/

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Poser-in-Chief: Obama Has Purchased Millions of Fake Twitter Followers!

August 27, 2012

President Obama’s Twitter account has 18.8 million followers — but far more than half of them really don’t exist, according to reports.

A new Web tool has determined that 70% of Obama’s crowd includes “fake followers,” The New York Times reports in a story about how Twitter followers can be purchased.

“The practice has become so widespread that StatusPeople, a social media management company in London, released a Web tool last month called the Fake Follower Check that it says can ascertain how many fake followers you and your friends have,” the Times reports.

“Fake accounts tend to follow a lot of people but have few followers,” said Rob Waller, a founder of StatusPeople. “We then combine that with a few other metrics to confirm the account is fake.”

Notes the Times:

If accurate, the number of fake followers out there is surprising. According to the StatusPeople tool, 71 percent of Lady Gaga’s nearly 29 million followers are “fake” or “inactive.” So are 70 percent of President Obama’s nearly 19 million followers.

From:  http://content.usatoday.com/communities/theoval/post/2012/08/obama-has-millions-of-fake-twitter-followers/1#.UDvRWIy3PMI

 


Barak “Welcome Back Carter” Obama: Job Approval Rating Drops to 40%….

August 15, 2011

President Obama’s job approval rating dropped to 40% during the week spanning Aug. 8-14, the lowest weekly average of his administration.

During this period, Obama’s three-day rolling average also hit a new low of 39% for Aug. 11-13, the first such average below 40% since he took office, though it recovered to 41% for Aug. 12-14.

With the exception of a dramatic national or international event, it is usually difficult to pinpoint the causes for the short-term ups and downs in a president’s job ratings.

In the current situation, it is reasonable to assume that several events of the last few weeks have played a part in depressing the public’s approval of Obama.

These include the widespread public disapproval of the way Washington handled the debt crisis, a substantial drop in the public’s confidence in the economy, and last week’s gyrations in the stock market.

Although the new lows in Obama’s job approval rating represent only a slight drop from his previous low readings, they symbolically underscore the weaker position the president is in as he begins a “listening tour” of the Midwest this week.

From:  http://www.gallup.com/poll/149003/Obama-Weekly-Job-Approval-Lowest-Administration.aspx?utm_source=alert&utm_medium=email&utm_campaign=syndication&utm_content=morelink&utm_term=All%20Gallup%20Headlines%20-%20Politics%20-%20Presidential%20Job%20Approval