Gonna get worse

Discussion in 'Economy' started by JBeukema, Apr 25, 2011.

  1. JBeukema
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    JBeukema BANNED

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    A few examples of how we're losing the class war:



    The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds;

    There are now about 7.25 million fewer jobs in America than when the recession began back in 2007;

    Only 45.4 percent of Americans had a job during 2010, the lowest percentage since 1983;

    The average CEO made 343 times more money than the average American did last year;

    Over the past 12 months, the average price of gasoline in the United States has gone up about 30 percent;

    The average American now spends 23 percent of their income on food and gas;

    The average length of unemployment in the United States is now a record 39 weeks;

    more


    When will Americans rise up and demand a return to the socialism of the last generation?
     
  2. Douger
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    Douger BANNED

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    These will be looked back upon as the good old daze.
    Unfortunately, I'm correct.
     
  3. editec
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    editec Mr. Forgot-it-All

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    We don't need to become socialists to bring the economy back into line with reality.

    We do need to cut wasteful spending, increases taxes rather modestly on the people who have been enjoying a hiatus from taxation and we NEED to regulate banking and finance such that the diaster they brought us (and got rich while doing so, too) never happens again.

    It might help to publically execute some of the CEOs who are responsible for this mess, too but we all know that's not going to happen.
     
  4. Douger
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    You need to dump the military meatheads.
     
  5. mudwhistle
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    mudwhistle Diamond Member

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    How's that HOPE & CHANGE working for you????:eusa_whistle:
     
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  6. editec
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    editec Mr. Forgot-it-All

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    About like I expected.

    Not quite so bad as it might have been had the GOP taken the White House, but not as good as it might have been had I taken the White House.

    You?
     
  7. JBeukema
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    JBeukema BANNED

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    'bring the economy back into line with reality'?

    Is that supposed to mean something, because it sounds like nonsense.

    We need to return to the socialism (social democracy) under which we thrived. Return to the pre-Carter marginal tax rates, close tax loopholes, end all the British Free Trade crap we rejected in the first place when this nation was founded, strengthen private-sector unions...

    And yes, this includes returning the social programs to something like they once were before the cancerous growth of the modern bureaucratic clusterfuck.

    Or do conservatives only like the 50s because it the last decade before ******* and women started marching on the streets and demanding equal rights? :eusa_eh:
     
  8. JBeukema
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    I was a Paul supporter back in '08. Obviously, I didn't get the change in D.C. that I wanted.
     
  9. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Who's gonna lend us money to perpetuate our debt? The Chinese say they're cutting back, who's left? Once the Fed stops QE2 in June, who's gonna buy our treasuries? At 3%? How high are we going to have to raise the interest rate to attract buyers? Right now we pay about 200 billion in interest payments on the debt, and it will rise to almost 1 trillion in 10 years. But higher rates means higher interest payments, how'd you like to be paying 1.5 or 2 trillion in interest payments? EVERY FREAKIN' YEAR?

    There's only 3 ways out of this mess, and none of 'em are pretty.

    1. Raise taxes and cut spending to balance the budget. But raising taxes on the rich only gets you like 70 billion a year according to the CBO, so some really serious spending cuts have to be in the cards. And that means social security, healthcare, defense, and welfare, the big ticket items.

    2. Print more money. Sooner or later the crows come home to roost. Or something like that, but you can't keep printing money without the inevitable rise in inflation. You think the price of food and gas are bad now, wait a few years. You think the last recession was bad? Buckle up baby, a major shitstorm is coming.

    3. Default. Who's going to bail us out? Nobody. I have no idea what the world will be like if this happens, everybody says it can't happen.


    Do we have the guts and fortitude to take door #1? Hope so, but doubtful. Too much partisan bickering, look at us on this board. Do you see much compromise or even just basic courtesy here? Or in Washington? Look at the speech the president gave a week or 2 back, on the serious topic of debt and deficits. And he spent most of his time bashing Paul Ryan and the GOP. That SOB has no business being the POTUS, zero leadership skills.

    So, most likely we get door #2. You like $4 gas? $5 gas? How you feel about $10? You think food prices are high now? What'll they be when the price of gas is double what it is now? And the price of everything else. Not possible, ain't going to happen? I sure hope not, but that unsustainable path we're on is not as long or as far away as you think. Good luck.
     
  10. xsited1
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    xsited1 Agent P

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    OBAMA... "FROM NOW ON, we are going to use, a SQUARE WHEEL, instead of a ROUND ONE."

    LIBS... "Yeah, YES WE CAN...CHANGE!...HOPE!.....YEAH... square wheels!....If you don't believe in square wheels you are a racist who doesn't care about the future...YEAH"
     
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