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Thread: Census shows 1 in 2 people are poor or low-income

  1. #111
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    Nowhere in your article is QE mentioned for the cause of rising costs of world food costs. Here is what your article suggests is the way to address these high food prices:
    It wasn't meant to. It was to counter the idea that prices weren't up.

  2. #112
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by upsideguy View Post
    credible cite please!
    Thread after thread discuss this. Read a few.

  3. #113
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Higgins86 View Post
    plus I think we are all agreed on peak oil! If the US had masses of oil fields they would not be offshore drilling or even talking about oil sands.
    South America has been finding massive oil fields off their shores.

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    Re: Census shows 1 in 2 people are poor or low-income

    I think it's scandalous that less than 1% of the poor have jacuzzis and only 78% have air conditioning! Where is the justice, people! We are a third world country! Revolution now!

  5. #115
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Neomalthusian View Post
    It's a matter of timelines. Over the short term you might be able to make a case as to why something is more expensive now than it was before. But with energy (and hence everything intimately tied to it), the general trend is certain. We'll never return to prices we saw 10 years ago. Ever ever again. And why is that, really? Is it because of speculators? Inflation?

    At some point one needs to return to consideration of supply v. demand of finite resources, rather than resort to blaming speculation or inflation.
    What did oil fall to 3 years ago? $38 a barrel? Somewhere around there.

  6. #116
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    Quote Originally Posted by 1Perry View Post
    What did oil fall to 3 years ago? $38 a barrel? Somewhere around there.
    Amid the largest global recession since the Great Depression... oil prices act like the limiting reagent in the reaction known as real GDP growth.
    "A witty saying proves nothing." Voltaire

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    Inflation is at historical lows.
    The RATE of inflation is at historical lows. Doesn't mean the dollar is as valuable as it's been in the past, because that statement has not been true in the US since the federal reserve got started up.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by EarlzP View Post
    Lets be fair the prices at the grocery store are being pushed up by greedy Wall Street speculators, remember the truth will set us free
    No, they are not. Declining value of the USD plays a larger role than speculators.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Wake View Post
    Census shows 1 in 2 people are poor or low-income - Yahoo! News

    To me I find this to be shocking. In my opinion, I would think the right is primarily to blame, for catering to the wealthy.

    As they say, "the rich get richer and the poor get poorer."

    So Yahoo is supporting Obama's class warfare meme....I am shocked I tell ya!


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by j-mac View Post
    So Yahoo is supporting Obama's class warfare meme....I am shocked I tell ya!

    j-mac
    Yes, Yahoo! is in cahoots with Obama, clearly, or they just used census data provided to them.

    -wss
    Ted Cruz is the dumbest person alive.

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