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Originally Posted by bjo
hmm, stock market over 12000, low unemployment, taxes still fairly low. what was wrong again?
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What is wrong is that an increasing number of Americans are "underemployed", meaning they are college educated professionals working at low wage part-time jobs and such. They are not considered "unemployed" by government statistics.
What is wrong is that an increasing number of Americans are living below the poverty line including about 13% of all Americans and over 20% of all American children. The poverty line is $18k per year for a family of 4, or $12k for a single person. So if you and your wife have a combined gross income of $20k per year ($384 per week before taxes) and you have 2 kids, you are not considered to be living in poverty and your kids are better off than 20% of American kids.
What is wrong is that over 45 million Americans have no heath insurance.
What is wrong is that fewer than 25% of Americans own any stocks or have anything vested in that 12000 DJIA.
What is wrong is that there is a continous increase in the divide between the wealthy and the poor and the middle class is slowly disappearing in this country.
As we are on an BMW X5 message board here, most of us are upper middle-class or above. So maybe you do not care about all of this as it does not personally affect you. But as you saw yesterday at the polls, may Americans are very upset as things are not doing so great for them.