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

EarlzP said:
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
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The cost of food is rising. It's the speculators!

The cost of energy is rising. It's the speculators!

We're past peak oil. It's the speculators!

We're running out of oil. It's the speculators!

We're out of oil. It's the speculators!

It's not really the speculators. It's one man.

Emmanuel Goldstein.
 
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Neomalthusian said:
The cost of food is rising. It's the speculators!

The cost of energy is rising. It's the speculators!

We're past peak oil. It's the speculators!

We're running out of oil. It's the speculators!

We're out of oil. It's the speculators!
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In fairness, 3 of those were the same things. And market speculation is a clear force. If everyone is buying put options on a particular commodity, what confidence would you have in it for the price to rise?
 
whysoserious said:
In fairness, 3 of those were the same things. And market speculation is a clear force. If everyone is buying put options on a particular commodity, what confidence would you have in it for the price to rise?
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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.
 
Neomalthusian said:
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.
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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.
 
Neomalthusian said:
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.
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Why do you think energy (specifically the price of a barrel of oil) fluctuates so wildly even when supply is consistent? It's the only explanation I have been given so far that makes good sense, but I am always open to others.
 
Any oil that's drilled out of our country isn't going to be our oil anyway, as multi-national owned companies drill and the oil just all goes into the international pot. Our oil resources are not nationalized.

What is the real unemployment figure supposed to be (counting all the people who aren't getting unemployment any longer)?
 
rosie1 said:
What is the real unemployment figure supposed to be (counting all the people who aren't getting unemployment any longer)?
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Impossible to know with any accuracy. There could be multiple reasons why a person isn't on unemployment any more. Could be that they got a job right after unemployment ran out, could be they started up thier own buisness, could be anything. It's not kept track of because of those things and more.
 
Lachean said:
Whenever I hear about poverty in America this video comes to mind:
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Funny Lachean, whenever I hear about poverty in America, I also think about condescending ****s lying with stats to make you look like an asshole when you don't revel in your poverty.

"The average third world country is rife with true starvation, therefore you're a whiney little bitch to complain about high fat, high sugar, high salt malnutrition."

"Consumer goods are dirt cheap because we've been exporting manufacturing jobs to China, so stop complaining that you can't find a manufacturing job."

"Most people manage to retain some of those low-resale consumer goods when they fall from middle class, therefore poverty doesn't suck and you're an ungrateful **** for saying we need social safety nets."

"America has a lower population density than Europe, therefore you've no right to complain about housing costs."


What he says isn't completely devoid of merit, but the mother****er is looking at a waterfall and trying to spin it as something other than water flowing downhill by focusing on the mist and spray it kicks up.
 
Catawba said:
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:
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It wasn't meant to. It was to counter the idea that prices weren't up.
 
Higgins86 said:
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.
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South America has been finding massive oil fields off their shores.
 
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!:roll:
 
Neomalthusian said:
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.
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What did oil fall to 3 years ago? $38 a barrel? Somewhere around there.
 
1Perry said:
What did oil fall to 3 years ago? $38 a barrel? Somewhere around there.
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Amid the largest global recession since the Great Depression... oil prices act like the limiting reagent in the reaction known as real GDP growth.
 
Catawba said:
Inflation is at historical lows.
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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.
 
EarlzP said:
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
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No, they are not. Declining value of the USD plays a larger role than speculators.
 
j-mac said:
So Yahoo is supporting Obama's class warfare meme....I am shocked I tell ya!


j-mac
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The class warfare is being done by the right. The right can't get their mouths off of the corporate shaft long enough to wipe their chins.
 
"Class Warfare" is a phrase right wing talk likes to use a lot. There is no class warfare, except that which has been going on against the shrinking middle class and poor. Census figures can't be denied.
 
whysoserious said:
Yes, Yahoo! is in cahoots with Obama, clearly, or they just spun census data provided to them.

-wss
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Fixed it for you....You're welcome.

TheNextEra said:
The class warfare is being done by the right. The right can't get their mouths off of the corporate shaft long enough to wipe their chins.
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Well, that certainly is graphic....Are you obsessed with shafts of some sort? Seems so. Anyway, I suggest you look up class warfare, and then start reading demo releases.

rosie1 said:
"Class Warfare" is a phrase right wing talk likes to use a lot. There is no class warfare, except that which has been going on against the shrinking middle class and poor. Census figures can't be denied.
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And instead of taking personal responsibility for your circumstance, you think it is the responsibility of everyone else to pull you out of your situation by the force of the government gun to take from productive members of society, and just give it to unproductive members? How long do you think that would last....?


j-mac
 
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