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Thread: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

  1. #51
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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by lpast View Post
    Your the one in for a surprise taylor...the teaparty supporters couldnt get rand paul elected to used prophylactic picker upper....the rich collectively have nothing for votes...when the working class turns on ya...its all down hill....and trust that they WILL eventually...then your teaparty is over
    Isn't the tea party mostly working class?

  2. #52
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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by tessaesque View Post
    I'm not talking about respect. I'm talking about hyperbolic attacks against whomever we feel like attacking because some people have it "rough" right now. Without knowing the circumstances or choices of those who have it rough, it makes no sense and serves no purpose to go around with torches and pitchforks looking for people to blame.
    You were one of the people making judgment calls about those living on credit cards though, so this post is ironic

  3. #53
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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by Taylor View Post
    If you think the tea party is raging now, you're in for a big surprise because you ain't seen nothing yet. This administration's repeated attempts to stimulate the economy have failed to produce significant results and are partly at fault for rising prices. QE has weakened the dollar, and Obama's unprecedented spending and the still lifeless recovery has us in a debt crisis.

    Prices are going up and wages are going nowhere (hello 70's?). So what to do about inflation? Typically, you raise interest rates to combat inflation, but that will only exacerbate the debt crisis -- we're already running trillion dollar deficits and an uptick in interest rates will only make things worse. And if you think home prices suck right now, how much do you think climbing interest rates are going to help?

    Maybe things will go your way and social security will be "saved" as it keeps paying that $1200 each month. Your delight may be short lived though when you find out that $1200 doesn't buy nearly as much as it used to, your house is worth even less than it is now, and... dare we bring up that nest egg that you were promised would bring a comfortable retirement over decades of compound interest?

    I wouldn't want to be Obama right now. Hell, I wouldn't want to be Obama's replacement, either.
    The TP isn't going to get anybody elected either though...

  4. #54
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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by Taylor View Post
    If he's willing to put in a little overtime, he can pull in over $100,000 driving a bus in SF.
    Driver salaries fueling deficit | Joshua Sabatini | Local | San Francisco Examiner

    Though if he's not much of a people person, I hear the average trash collector still pulls in $75k:
    Lockout by Oakland garbage company / Replacement workers hired to pick up trash

    Or, if he likes to live dangerously, he can make $150-200k as a firefighter:
    San Francisco Firefighter Salaries Grew During Recession CBS San Francisco
    That's ridiculous and so is your post. Highly doubt there is an opening for her husband to take there, and furthermore, those are very extreme examples.

  5. #55
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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by Baralis View Post
    Lets not forget 120K to be a lifeguard.

    Union Defends 13 Calif. Lifeguards Making Over $120,000: ‘Very Fair & Very Reasonable’ | Video | TheBlaze.com

    I see greed from both ends of the spectrum. Unions will often inflate wages/benefits beyond a reasonable level imo and corporations will keep wages/benefits as low as possible for the working class while those at the top receive ridicules packages.

    They both come out as self serving at the expense of others.
    Most politicians make over 100k too... any of those tea partiers taking pay cuts?

  6. #56
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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by Henrin View Post
    I wasn't. I was telling you pretty bluntly to know where to put blame. You can't expect inflation to be under control when the value of the dollar is falling faster than ever before. When the government just goes around playing with market like its a play thing, and in the process cause everything to cost more you can't just say Oh, its the rich. Lets do a history lesson real quick for you.

    When the government played with healthcare throughout the twentieth century they caused every part of it to be very expensive even being responsible for the system the insurance companies use. When the cost actually started to hurt the poor and the eldery like never before they just created Medicare and in predictably raised it again.

    You see this bull**** over and over and over again. Even some of the bull**** that people bitch about like power companies not moving forward is because the government pays their bill.

    I am completely tired of idiots that can't do any reasonable research telling me the rich are responsible for the **** that happens in this country.
    Everybody is responsible.... the voters and both parties.

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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by Henrin View Post
    Then when its over and the country still crashes because none of you people can stop printing money and stop taking loans. I guess as long as the middle class lives in rainbow land its all good. Until economics 101 shows up. I guess at that point its rioting time instead of reflection time.
    Nobody is really preaching economics here... it's class warfare coming from both sides...

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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by Lovebug View Post
    Isn't the tea party mostly working class?
    I think you mean racists...

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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    The tea party is a trend for the ignorant...

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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by SheWolf View Post
    The TP isn't going to get anybody elected either though...
    Obama will do it for them, or for someone else.

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