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Mon Jun 11, 2012, 09:11 PM

Middle class people make just one nest egg in their lives. If they are lucky they have a little bit

Last edited Tue Jun 12, 2012, 01:19 AM - Edit history (2)

more. Rich people make and remake many, many nest eggs over their lives. The bubble economy is only good for the richest Americans. It is not good for the middle class. Romney glosses over this fact when he talks about his ability to conduct business and steer the economy.

"Fed Says U.S. Wealth Fell 38.8% in 2007-2010 on Housing"http://www.bloomberg.com/news/2012-06-11/fed-says-family-wealth-plunged-38-8-in-2007-2010-on-home-values.html

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Reply Middle class people make just one nest egg in their lives. If they are lucky they have a little bit (Original post)
applegrove Jun 2012 OP
Skittles Jun 2012 #1
applegrove Jun 2012 #2
Raven Jun 2012 #3
LiberalFighter Jun 2012 #4
hedgehog Jun 2012 #5
MatthewStLouis Jun 2012 #6

Response to applegrove (Original post)

Mon Jun 11, 2012, 09:38 PM

1. a lot of that lost weath went to the 1%

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Response to Skittles (Reply #1)

Mon Jun 11, 2012, 09:39 PM

2. Yup. It was a transfer of wealth to the 1%. You are correct.

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Response to applegrove (Reply #2)

Tue Jun 12, 2012, 06:35 AM

3. I think a lot of it was in

declines in home values and losses in retirement account investments in the stock market.

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Response to applegrove (Reply #2)

Tue Jun 12, 2012, 07:33 AM

4. They connive to siphone what everyone else earns and saves for themselves.

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Response to applegrove (Original post)

Tue Jun 12, 2012, 07:48 AM

5. I heard that report and thought of the fact that

many of those nest eggs go to pay the first few months (sometimes only weeks) in a nursing home before the government picks up the remaining tab. As a society, we'd be better off allowing middle class families to pass their nest egg on to the kids. It might go for retirements or college bills.

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Response to applegrove (Original post)

Tue Jun 12, 2012, 11:22 AM

6. Oh come on! If you lose your nest egg all you have to do is sell off some of your stocks or

dip into your trust fund. That's what Mitt RMoney would tell you.

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