More Bad News For The Middle Class

[Tom Sweetnam]

I sat up till the wee hours and watched Fox Business early this this morning. Subjects covered were the real estate market and the further erosion of middle class income compared to the rich. The National Association of Realtors reports that going into the first quarter 2015, per capita home ownership in the US is at its lowest level in 20 years. Furthermore, urban rents have risen to the point that that the average house rent now represents 30% of gross income. If you're not in a two-income domestic partner situation in many urban areas, you're probably dead in the water.

Furthermore, banks are reporting that the average American household has very little savings today, 21 days reserve being the norm. Add the considerable inflation we see at the grocery store year to year (especially last year), and all the economic fairy tales out of Obama's pie hole don't add up to squat.

Demonstrating the growing rift between the rich and everybody else, is the fact that housing starts in the low & mid seven-figures are booming, while those in the low & mid six figures are flat. It's been more than 15 years since The Economist started sounding the warning knells regarding the dangerously lopsided distribution of income in the US, to the point that our very free market system is in danger of collapsing.

 

[Flash]

The country elected Hussein Obama and a shitload of Democrats to office.

Why is anyone surprised that the middle class is getting screwed?

The Democrats have concentrated on taking money away from the people that earn it and giving it to the people that didn't earn it and not growing the economy like it should be so why are we surprised the middle class is getting screwed?

For instance, Obamacare screwed the middle class big time so that the welfare queens can get subsidized health insurance.

 

[Sonny Clark]

I sat up till the wee hours and watched Fox Business early this this morning. Subjects covered were the real estate market and the further erosion of middle class income compared to the rich. The National Association of Realtors reports that going into the first quarter 2015, per capita home ownership in the US is at its lowest level in 20 years. Furthermore, urban rents have risen to the point that that the average house rent now represents 30% of gross income. If you're not in a two-income domestic partner situation in many urban areas, you're probably dead in the water.

Furthermore, banks are reporting that the average American household has very little savings today, 21 days reserve being the norm. Add the considerable inflation we see at the grocery store year to year (especially last year), and all the economic fairy tales out of Obama's pie hole don't add up to squat.

Demonstrating the growing rift between the rich and everybody else, is the fact that housing starts in the low & mid seven-figures are booming, while those in the low & mid six figures are flat. It's been more than 15 years since The Economist started sounding the warning knells regarding the dangerously lopsided distribution of income in the US, to the point that our very free market system is in danger of collapsing.

So, come election day, voters will go to the polls and elect another professional politicians to serve in government ( the oval office ). And, voters will complain for another four years. Voters continue to do the same thing, yet expect a different result. Go figure. Voters haven't figure out what causes our many socioeconomic woes. They continue to blame one political party or the other, continue to take sides, and continue to aid abet the very ones doing us the most damage.

Yes, our economy stinks, to say the least. Yes, we're falling behind. Yes, the housing industry is in trouble, as is other sectors. Yes, we have created a poor and dependent society of citizens dependent on government assistance programs and unemployment checks. Yes, two incomes aren't enough to meet expenses in a lot of cases. Yes, rent is going up. Yes, the price of food and utilities is going up. Yes, the cost of health care is going up. Yes, most of our jobs are part-time, temporary, low paying, and with decreasing company paid benefits.

Our situation will not change as long as voters continue to elect and to re-elect professional politicians to serve in government. "THE WASHINGTON BROTHERHOOD" has become an entity unto itself, answerable to no one except itself. Once elected to office, they exert their will and not the will of the people. We have no representation in Washington. We have a Lobbyists controlled U.S. Congress, and an oval office with a puppet sitting in it.

Our economy is presently supported by government debt. That's the only catalyst keeping us afloat at present. We're not generating enough taxes through payroll deductions. The wealthy have tax loopholes and tax breaks. The government is forced to borrow money each and every day just to keep itself running. We're presently one economic catastrophe away from third world status. Our economy is sputtering along trying to keep its head above water as long as possible.

We don't have an adequate number of living wage jobs to meet the demand. We have college grads living with their parents and flipping burgers to earn a little money. We no longer have elders to pass along skills from generation to generation. We have workers forced to take early retirement. And many have lost equity in their homes. We have troubled pension funds, cities going bankrupt, infrastructure in need of repairs and upgrades, malls are shutting down, and business are announcing lay-offs almost daily. Yet, our government tells us that we're doing great and in a "RECOVERY". HINT: They don't live on Main Street America.

 

[Moonglow]

Rich people always ruin it for the rest of society.....

 

[Manonthestreet]

Quit handing the bankers billions every month......

 

[georgephillip]

Furthermore, urban rents have risen to the point that that the average house rent now represents 30% of gross income. If you're not in a two-income domestic partner situation in many urban areas, you're probably dead in the water.

Rents have risen for a single apartment in the urban area I live in from about $400 a month to $1000 a month for a 500 square foot single apartment. The biggest portion of that increase has come during our latest "recovery." Without Section 8 housing, I would be unable to remain in an area where a single minimum wage job enabled me to live comfortably in twenty years ago. For those of you who expect to be around two decades from now, where will you find a roof over your head?

 

[Manonthestreet]

You know what needs to happen....why we need millions and millions of more immigrants to do jobs that dont exist or will disappear........unions say so

 

[mudwhistle]

The country elected Hussein Obama and a shitload of Democrats to office.

Why is anyone surprised that the middle class is getting screwed?

The Democrats have concentrated on taking money away from the people that earn it and giving it to the people that didn't earn it and not growing the economy like it should be so why are we surprised the middle class is getting screwed?

For instance, Obamacare screwed the middle class big time so that the welfare queens can get subsidized health insurance.

The fact is, the Democrat base is the poor and the extremely rich. So who do you think they want to screw?

 

[Flash]

The fact is, the Democrat base is the poor and the extremely rich. So who do you think they want to screw?

The Democrats are a coalition of all the despicable special interest groups in the country, which includes the welfare queens and a bunch of limousine Liberals in addition to some wealthy people that make their money off of big government.

You are correct. Unless you are one of the welfare queens or the very rich Liberal policies do not help you at all. In fact you are the one that is getting screwed.

 

[rdean]

I sat up till the wee hours and watched Fox Business early this this morning. Subjects covered were the real estate market and the further erosion of middle class income compared to the rich. The National Association of Realtors reports that going into the first quarter 2015, per capita home ownership in the US is at its lowest level in 20 years. Furthermore, urban rents have risen to the point that that the average house rent now represents 30% of gross income. If you're not in a two-income domestic partner situation in many urban areas, you're probably dead in the water.

Furthermore, banks are reporting that the average American household has very little savings today, 21 days reserve being the norm. Add the considerable inflation we see at the grocery store year to year (especially last year), and all the economic fairy tales out of Obama's pie hole don't add up to squat.

Demonstrating the growing rift between the rich and everybody else, is the fact that housing starts in the low & mid seven-figures are booming, while those in the low & mid six figures are flat. It's been more than 15 years since The Economist started sounding the warning knells regarding the dangerously lopsided distribution of income in the US, to the point that our very free market system is in danger of collapsing.

The growing rift between the rich and everyone else? But that's how GOP policies work. It's how Republicans want their policies to work. That's been the goal for decades. How can they suddenly switch positions? Who would believe it. It would be as if they suddenly supported education or science. No one believes it.

 

[rdean]

The fact is, the Democrat base is the poor and the extremely rich. So who do you think they want to screw?

The Democrats are a coalition of all the despicable special interest groups in the country, which includes the welfare queens and bunch of limousine Liberals in addition to some wealthy people that make their money off of big government.

You are correct. Unless you are one of the welfare queens or the very rich Liberal policies do not help you at all. In fact you are the one that is getting screwed.

When Red States are the poorest, the least educated, they get the most welfare and food stamps and still, you guys continue to lie. You sit in front of the fucking internet. Go look shit up. Stop looking like a delusional moron.

 

[westwall]

Oh, just watch the Super Bowl and everything will be alright. Bread and Circuses...remember? Worked well for the Romans....right???

 

[westwall]

The fact is, the Democrat base is the poor and the extremely rich. So who do you think they want to screw?

The Democrats are a coalition of all the despicable special interest groups in the country, which includes the welfare queens and bunch of limousine Liberals in addition to some wealthy people that make their money off of big government.

You are correct. Unless you are one of the welfare queens or the very rich Liberal policies do not help you at all. In fact you are the one that is getting screwed.

When Red States are the poorest, the least educated, they get the most welfare and food stamps and still, you guys continue to lie. You sit in front of the fucking internet. Go look shit up. Stop looking like a delusional moron.

derpy, you're so one dimensional I wonder if you can wipe your own butt. The Dems AND Repubs have been in lock step. The fact that you only attack one side of the equation is sad.

 

[Flash]

When Red States are the poorest, the least educated, they get the most welfare and food stamps and still, you guys continue to lie. You sit in front of the fucking internet. Go look shit up. Stop looking like a delusional moron.

The blue states are the highest taxed, lowest amount of personal freedom and generally are referred to as the "rust belt" because the filthy unions, with the help of the Liberal politicians, have run industry out of America.

You sit in front of your computer making delusional statements without a clue of how Liberal policies have screwed up this country.

 

[initforme]

The GOP has never cared about the middle class... at least they don't try to hide that fact. After all, they need middle and lower class folk to fight their wars. The deems nibble a little but its easy to see the middle class and working poor are hated by the conservatives. That's why they hate SS, Medicare... two things middle class people need to make their lives better.

 

[rdean]

The fact is, the Democrat base is the poor and the extremely rich. So who do you think they want to screw?

The Democrats are a coalition of all the despicable special interest groups in the country, which includes the welfare queens and bunch of limousine Liberals in addition to some wealthy people that make their money off of big government.

You are correct. Unless you are one of the welfare queens or the very rich Liberal policies do not help you at all. In fact you are the one that is getting screwed.

When Red States are the poorest, the least educated, they get the most welfare and food stamps and still, you guys continue to lie. You sit in front of the fucking internet. Go look shit up. Stop looking like a delusional moron.

derpy, you're so one dimensional I wonder if you can wipe your own butt. The Dems AND Repubs have been in lock step. The fact that you only attack one side of the equation is sad.

You said: derpy, you're so one dimensional I wonder if you can wipe your own butt. The Dems AND Repubs have been in lock step. The fact that you only attack one side of the equation is sad

Oh wow, now you've gone completely delusional. You turned 180 degrees and got your head stuck. As has been posted many times with links, we know the Chinese and Russian funded US Chamber of Commerce gives to Republicans 10 to 1 over Democrats. If the parties were the same, it would be 50/50.
We know only 6% of scientists are Republicans. Again, it would be 50/50.
Republicans had one Jew, Eric Cantor in the House and Senate, but they got rid of him and replaced him with "David Dukes without the baggage". Now we know the GOP is 90% white and in congress, 100% Christian.

Just the very simple fact the two parties are so very different, Leads one to understand their policies will be too. Only a blind fool could say: The Dems AND Repubs have been in lock step. Are you a blind fool?

 

[rdean]

The GOP has never cared about the middle class... at least they don't try to hide that fact. After all, they need middle and lower class folk to fight their wars. The deems nibble a little but its easy to see the middle class and working poor are hated by the conservatives. That's why they hate SS, Medicare... two things middle class people need to make their lives better.

And yet so many Republicans make up the middle class and poor. How can these people be so easily misled? I truly believe it's all about race at this point. With no Obama, what will they bring to the table? It's hard enough getting the base to hate the gays after shows like Will and Grace.

 

[westwall]

The fact is, the Democrat base is the poor and the extremely rich. So who do you think they want to screw?

The Democrats are a coalition of all the despicable special interest groups in the country, which includes the welfare queens and bunch of limousine Liberals in addition to some wealthy people that make their money off of big government.

You are correct. Unless you are one of the welfare queens or the very rich Liberal policies do not help you at all. In fact you are the one that is getting screwed.

When Red States are the poorest, the least educated, they get the most welfare and food stamps and still, you guys continue to lie. You sit in front of the fucking internet. Go look shit up. Stop looking like a delusional moron.

derpy, you're so one dimensional I wonder if you can wipe your own butt. The Dems AND Repubs have been in lock step. The fact that you only attack one side of the equation is sad.

You said: derpy, you're so one dimensional I wonder if you can wipe your own butt. The Dems AND Repubs have been in lock step. The fact that you only attack one side of the equation is sad

Oh wow, now you've gone completely delusional. You turned 180 degrees and got your head stuck. As has been posted many times with links, we know the Chinese and Russian funded US Chamber of Commerce gives to Republicans 10 to 1 over Democrats. If the parties were the same, it would be 50/50.
We know only 6% of scientists are Republicans. Again, it would be 50/50.
Republicans had one Jew, Eric Cantor in the House and Senate, but they got rid of him and replaced him with "David Dukes without the baggage". Now we know the GOP is 90% white and in congress, 100% Christian.

Just the very simple fact the two parties are so very different, Leads one to understand their policies will be too. Only a blind fool could say: The Dems AND Repubs have been in lock step. Are you a blind fool?

No, I'm a registered Dem, but have been leaning far more towards anarchy for well over three decades. I'm a rational anarchist though. The two parties aren't very different. You're just too stupid to realize that fact.

 

[Roadrunner]

The country elected Hussein Obama and a shitload of Democrats to office.

Why is anyone surprised that the middle class is getting screwed?

The Democrats have concentrated on taking money away from the people that earn it and giving it to the people that didn't earn it and not growing the economy like it should be so why are we surprised the middle class is getting screwed?

For instance, Obamacare screwed the middle class big time so that the welfare queens can get subsidized health insurance.

The middle class IS the electorate.

Fuck 'em, they brought it on themselves.

 

[Roadrunner]

The fact is, the Democrat base is the poor and the extremely rich. So who do you think they want to screw?

The Democrats are a coalition of all the despicable special interest groups in the country, which includes the welfare queens and bunch of limousine Liberals in addition to some wealthy people that make their money off of big government.

You are correct. Unless you are one of the welfare queens or the very rich Liberal policies do not help you at all. In fact you are the one that is getting screwed.

When Red States are the poorest, the least educated, they get the most welfare and food stamps and still, you guys continue to lie. You sit in front of the fucking internet. Go look shit up. Stop looking like a delusional moron.

The Red States have the most black, brown and red people too.

You got a point?