The Rich Love High Unemployment

Discussion in 'Conspiracy Theories' started by georgephillip, May 24, 2011.

  1. georgephillip
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    georgephillip Gold Member Supporting Member

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    "The unemployment crisis has been a godsend for America's superrich, who own the vast majority of financial assets - stocks, bonds, currency and commodities...

    "America's labor market depression propels asset price appreciation. In the last two years, US corporate profits and share prices rose at the fastest pace in history - and the fastest in the G-7.

    "Considering the source of profits, the soaring stock market appears less a beacon of prosperity than a reliable proxy for America's new misery index. Mark Whitehouse of The Wall Street Journal describes Obama's hamster wheel recovery:

    "'From mid-2009 through the end of 2010, output per hour at U.S. nonfarm businesses rose 5.2% as companies found ways to squeeze more from their existing workers.

    "'But the lion's share of that gain went to shareholders in the form of record profits, rather than to workers in the form of raises.

    "'Hourly wages, adjusted for inflation, rose only 0.3%, according to the Labor Department. In other words, companies shared only 6% of productivity gains with their workers. That compares to 58% since records began in 1947.'"

    "Out of work Americans deserve more than unemployment checks - they deserve dividends.

    "The rich would never have recovered without them."

    Why the Rich Love High Unemployment | Truthout
     
  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    So the rich people like high unemployment because somehow they profit off no one being able to buy their services or products?
     
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  3. The T
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    The T George S. Patton Party Supporting Member

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    Or the fact that the 'RICH' know that the Statists will call for higher taxrates to shore it up?

    What ODD logic the OP has latched onto...self-defeating logic if you ask me.
     
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  4. initforme
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    initforme VIP Member

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    No, the rich dont like high unemployment. They like dirt cheap labor. Something for nothing.
     
  5. The T
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    The T George S. Patton Party Supporting Member

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    WRONG. They hire at what the free market will bear. IF you don't like what a JOB pays ACE? Don't take it. Individual CHOICE...what a concept...eh?
     
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  6. Political Junky
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    Political Junky Gold Member

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    If they get wages low enough in the US, they won't have to employ people in India and Mexico.
     
  7. The T
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    The T George S. Patton Party Supporting Member

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    Because there won't be anything of consequence left of substance...everything will have been chased offshore by the Statists in government so they can finishtheir implimentation of thier Socialist plans.
     
  8. initforme
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    initforme VIP Member

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    I agree one hundred percent young grasshopper. Thats why I walked off of two jobs with no phone calls nothing...no notification at all. Stone cold quit right in the middle of a work day. Got myself a better job each time. Proudest two moments of my life. STicking up for myself and sticking it to bad employers....gives one a tremendous sense of pride.
     
  9. xsited1
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    xsited1 Agent P

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    Another article slamming the Obama Administration. Buyers remorse is at an all-time high.
     
  10. The T
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    The T George S. Patton Party Supporting Member

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    And it isn't changing anytime soon.
     

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