Gonna get worse

JBeukema

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Apr 23, 2009
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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?
 
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.
 
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?

How's that HOPE & CHANGE working for you????:eusa_whistle:
 
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?

How's that HOPE & CHANGE working for you????:eusa_whistle:

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

'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:
 
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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?

How's that HOPE & CHANGE working for you????:eusa_whistle:


I was a Paul supporter back in '08. Obviously, I didn't get the change in D.C. that I wanted.
 
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.
 
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"
 
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?


hello, gas has gone up 108% since jan of 2009....:rolleyes: why play around with one year?

the recession has been over for 21 months now, that has been traditionally where the stats coming out of one start, this linear cal. year body count is not the way it has worked.


anyway, we are screwed and they both contributed, so the key is what now?
 
Only 45.4 percent of Americans had a job during 2010, the lowest percentage since 1983;

America is a lot greyer than back in '83.......
 
How can you expect any different when you elect an idiot for President and continue to re-elect idiots in Congress to fill out the dance card? Nobody to blame except for ourselves.
 
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?



I agree that things are going to get worse, but you are spreading misinformation.

That "343 Times" meme is a study of companies in the S&P 500 (only 299 firms were in the study) which are some of the larges companies in the world. The Average CEO of a small or medium business earns a far lower multiple, closer to 4 to 10X the average worker pay.

http://www.wibw.com/nationalnews/he...imes_more_than_typical_workers_120235354.html

You are also leaving out a very important stat:

The median family pays approximately 40% of their income on their total tax burden - more than double the ration they paid in the 1950s.
 
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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?

How's that HOPE & CHANGE working for you????:eusa_whistle:

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?

If the GOP had taken the White House that would mean John McCain. Not sure that would have been an improvement, but at least those New Black Panther idiots would be in jail and we wouldn't be helping the Muslim Brotherhood take over Egypt. Oh, and we'd still have a Space Program instead of a Muslim outreach program.
 
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I don't think McCain would have done the Porkulus Bill which propped up unnecessary state and local public employee union jobs. It would have been better to fire those people back in 2009.
 

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