lies, damned lies, and..........

Discussion in 'Economy' started by sparky, Jul 16, 2010.

  1. sparky
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    sparky VIP Member

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    statistics

    have at 'em........

    83 percent of all U.S. stocks are in the hands of 1 percent of the people.
    Controlling the wealth of America ? top 1 percent control 83 percent of U.S. stocks. As a share of personal income mortgage debt ate up 19 percent in 1949. In 2003 it went up to 85 percent. 80 percent of Americans 65 years and older depend on Socia



    61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
    News Headlines




    66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.

    The United States bubble economy and lessons from Japan | Harvard Magazine Jul-Aug 2010



    36 percent of Americans say that they don't contribute anything to retirement savings.

    News Headlines


    A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
    Most Americans still unprepared for retirement - survey - Mar. 9, 2010



    24% of American workers say that they have postponed their planned retirement age in the past year
    Most Americans still unprepared for retirement - survey - Mar. 9, 2010


    Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008
    1.41 Million Americans Filed for Personal Bankruptcies in 2009 a jump of 32 Percent from 2008. More and More Average Americans Resorting to Bankruptcy even with Tougher Rules to File.

    Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975
    Are the Rich Getting Richer? The Data Say Yes - DailyFinance


    For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together

    Read http://endoftheamericandream.com/archives/living-the-dream-what-do-you-own-reallymore:


    In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one
    America's Race To The Bottom | The Smirking Chimp



    As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.

    Are the Rich Getting Richer? The Data Say Yes - DailyFinance




    The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

    *Finance 101: Blame the Poor***** : Information Clearing House -* ICH


    Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.

    N.Y. comptroller: Wall St. bonuses up 17% - Washington Times




    In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector
    Government jobs: Bloated pay, benefits cost us all - USATODAY.com



    The top 1% of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago
    Extra: Rich getting richer faster - MSN Money

    In America today, the average time needed to find a job has risen to a record 35.2 weeks.
    With the US trapped in depression, this really is starting to feel like 1932 - Telegraph


    More than 40% of Americans who actually are employed are now working in service jobs, which are often very low paying

    Wal-Mart sales suggest the economy is still shaky - May. 20, 2010

    For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011


    More than 40m now use food stamps - The Boston Globe

    This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour


    Bangladesh: Factory fire kills 21 garment workers | Workers & Labor |Axisoflogic.com

    Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009

    U.S. millionaire ranks up 16 percent last year | Reuters

    Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years

    Children's quality of life declining, says report - CNN.com

    The top 10% of Americans now earn around 50% of our national income


    Emmanuel Saez's Home Page


    18 States face austerity cuts

    46 States Facing Greek-Like Budget Crisis

    ~S~
     
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  2. Mini 14
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    Mini 14 Senior Member

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    The top 1% asked me to tell you all

    "Booyah!"
     
  3. Pepe
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    Pepe Senior Member

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    This reads like another Socialist down on his knees begging Obama, ala Linda Lovelace, to save him from himself.

    Get a grip.

    Those of us middle income folks out here in Flyover Amerika that lived below our means, have a "Rainy Day Fund", paid for old cars and trucks, mortgages we can afford, are supposed to support all the ignorant, "I wanna keep up with the Jones" "I gotta have the latest I-Pad, G-Pad, Z-Pad or Gee Whiz Pad"?
     
  4. sparky
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    sparky VIP Member

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    grand socialist/sexual word salad Pepe

    actually refreshing after all the droll nazi/commie/hitler thing.....
     
  5. sparky
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    sparky VIP Member

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    thank you sir, can i have another?
     
  6. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    "Nicely done!" and "Good job, lad!"

    Damn glad to see you among the lucky and on the right side of most of those statistics!!

    It's nice to be among the 60 to 70% of Americans who're looking forward to retiring but don't you think an America crawling with 30% to 40% po' folk is gonna be a real buzz-kill as we age for those of us who got lucky?
     
  7. sparky
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    sparky VIP Member

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    the thing is , there seems to be little indicative of these items being left or right

    they are, imho, entirely vertical in nature , insinuating a progerssive dualopoly

    much in the way of issues economic these days reek of it

    thus the thread title, are the fact? or fiction?

    can any here that claim America is not on this road effectively discredit more than 1/2 of these?

    inquiring minds who like to know.....
     
  8. sparky
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    sparky VIP Member

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    [ame=http://www.youtube.com/watch?v=8tP9tGAnsCI]YouTube - Relaxation - Full Moon Night Time sounds - Meditation[/ame]
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    It mean that the Progressive plan to create a permanent government dependent underclass has worked flawlessly!

    I give them a standing ovation for it!

    You have to admire how they done it so perfectly, the majority of Americans can't tell they're fucked, don't know how it happened and have no idea how to get out of it.

    They couldn't have done it without the Department of Education.

    Bravo!
     
  10. editec
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    editec Mr. Forgot-it-All

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    I'll trade you Baltic Avenue for $200 and your Get out of jail free card.


    If you call that living, I suppose.



    But they earned it the old fashioned way -- by social darwinism

    What do you have against science, dude?





    Saving your life NOW is a kind of retirement plan, isn't it?


    I seriously doubt that 57% of the population could scrape up $10,000 if their lives depended on it.



    And another staggering percentage of American workers had retirement thrust upon them via pink slips.

    They don't actually know they've retired yet, but it's beginning to dawn on them as their job search proves fruitless.




    I was once so poor and indebted that I could not AFFORD to file for bankruptsy.

    That's right fans, disguised as a mild mannered USMB correspondent, his true identity was JUDGEMENT-PROOF MAN.

    Able to mounting debts in a single bound!

    More powerful that a steaming writ of eviction!

    Look! Out on the streets?

    It's......Judgement-proof man!

    He fights for truth, just us, and the AMERICAN WAY (of indebtedness!)



    Houses?

    We don need no stinking houses!


    Fish gotta swim.
    Birds gotta fly
    Bank's gotta foreclose
    You gotta go.
    Bye-bye!


    Just when we thought we were finally winning the rat race

    Along came faster rats!



    That must explain why I'm always having to run to the store for more tonic.




    The bottom 50% of the population are all 1%ers?

    Jesus! there's more Hell Angels out there than I realized.

    Oh man! ~ does this mean I have to get a tatoo?

    Well in their defence, 2008 wasn't a very good year for exploiting the workers.


    Yeah, but that's because they all have jobs.


    Which wouldn't be so annoying if they weren't holding so much of that wealth in FOREIGN BANKS, I suppose

    That's just Mammon's way of telling you that you missed your calling in the wonderful world of fast food.

    Embrace your McJOB.


    What they lack in salary and benefits, they more than make up for in paper hats.

    The American Philatelic Society must be thrilled that so many Americans are now interested in stamp collecting.




    Let me try to Nip this in the bud and put a new slant on it, shall I?

    Pity the poor Chinaman who has got the Cambodians poisted to take their jobs.

    Well you know how it is with those damned millionaires.

    They bred like rabbits!

    Parasites.

    That must mean that they work... wait a minute I can do this..


    Let's see

    .1 p = .5I

    .9p = .5I

    carry the .9, multiply .1p by a tax break here and a tax break there

    divide by the LCD of NINJA loans by the amount of blood you can get out of a stone.

    Yup!

    According to my math, the top 10% must work about 30 gagillion times harder than all those lazy sods in the lower 90%

    Well that explain it then, doesn't it?

    Those states didn't study hard enough in school!
     
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