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Thread: US Median Income Lowest Since 1995

  1. #21
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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by barbnf View Post
    "what's new when four times as many of our associates and relations drop out of the work force than find a job" ...

    Ahem! ... This is a REPUBLICAN "talking point" ... Actually, approximately, 10,000 Baby Boomers are retiring EVERY DAY ... That's about 300,000 per month of the approximately 400,000 who "drop out" ... IF you believe what the Republicans are trying to SELL ... YOU are not READING FOR UNDERSTANDING ...

    As for the level of poverty and homelessness in America today ... THAT has been developing for YEARS! ... The DISPARITY in income accelerated under the Bush Administration ... and IF allowed to do so again, the Republicans will exascerbate that SAD statistic ...

    The Middle Class DESERVES better and President Obama IS a champion of the Middle Class ... I have watched him since he won the Democratic nomination and although I supported then Senator Hillary Clinton, I have come to UNDERSTAND and TRULY APPRECIATE OUR great President! ...

    Some of our fellow citizens NEED to learn GRATITUDE ... We were SAVED from another GREAT DEPRESSION ... We did however experience a GREAT RECESSION, the WORST since the GREAT DEPRESSION ... We should ALL feel a GREAT DEAL OF GRATITUDE to President Obama and his Administration for delivering us ALL from the BRINK ... which the Republicans left us with ... OPEN YOUR EYES, PLEASE! ...
    I hate your use of capitalization to the point I couldn't finish reading your post.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  2. #22
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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by The Prof View Post
    US median income lowest since 1995 - FT.com

    mere confirmation of our own experience, what americans are living

    what can we expect when so many more of our neighbors, friends and family members are filing for disability and food stamps than are actually gaining employment

    what's new when four times as many of our associates and relations drop out of the work force than find a job

    when 58% of the frighteningly few of our friends who do hook up end up pulling down between $10 and $12 per hour

    CNN: Low-wage jobs explosion - Aug. 31, 2012

    when real middle class incomes are down TWICE as fast AFTER the recession officially ended than they declined DURING the deepest, darkest days of depression

    Household income fell 4.8% during economic recovery - latimes.com

    food stamps at a record hi, poverty at a record hi

    if the workforce were the same size today, even disallowing for natural population growth, as it was on jan 20, 2009, bls' unemployment # would be 11.2

    we can never hit bottom til housing, which brung us here, finds its basement

    Time: How ‘Shadow Inventory’ Is Killing the U.S. Housing Market

    3 to 10 million homes haunt the shadow inventory

    who's lying to you, time, cnn or ft?

    maybe it's sigtarp you shouldn't believe

    Bloomberg: Obama Loan-Modification Effort 'Failed Miserably'
    Yeah, I love a failing America....oh wait...
    You know the time is right to take control, we gotta take offense against the status quo

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by Cardinal Fang View Post
    As usual, not a fact in sight. Bush ACTUALLLY DID all the things that he gets blamed for. Stupid tax cuts. Stupid war. Stupid recession that his own stupid policies helped manufacture.
    Stupid Keynesian Stimulus. Stupid Bailouts. Stupid Deficit spending.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by TheDemSocialist View Post
    Yea so this "trickle down" theory is working out so well right?
    well.... how about you take the nations who practice socialism and break them out by GDP per capita. And then take the nations who practice more generally free market economics, and break them out by GDP per capita, and see which one spanks the other

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by cpwill View Post
    well.... how about you take the nations who practice socialism and break them out by GDP per capita. And then take the nations who practice more generally free market economics, and break them out by GDP per capita, and see which one spanks the other
    It will be hard to separate the 2, but lemme give it a try.

    List of countries by GDP (nominal) per capita - Wikipedia, the free encyclopedia

    1. Luxemburg is described as: Luxembourg's stable and high-income market economy features moderate growth, low inflation, and a high level of innovation . so socialists, -1.
    2. Qatar... not a socialist country by any means. -2 for socialists.
    3. Norway -> a bit of both really. so still -2 for the socialists.
    4. Switzerland... a bit of both really. still -2 for the socialists.
    5. UAE -> -3 for the socialists.
    6. Aussieland -> -3.5 for teh socialists.
    7. Denmark -> -2.5 for the socialists (it is a socialist heaven... it is known, more so than it is a free market capitalist economy)
    8. Sweden -> -1.5 for the socialists (same as denmark)
    9. Canada -> -1 for the socialists (its more socialist than the US... but less so than Sweden or the other great socialist paradises)
    10. The Netherlands -> -.5 for the socialists... Netherlands has extensive socialist programs, especially for migrants from arab and african countries... but they fail miserably. Anyway. It's almost a draw but the socialists come in defeat.

    Ofc, these are taken according to the IMF... if we are to believe the CIA and their stat book... it would be a slightly different story.

    Overall, socialism is a failure and can only exist if there is a solid capitalist base that will produce the huge amount of money needed to fund socialist programs... without it... you get countries like most in Eastern Europe. Countries who have been the victims of a failure communist mentality, with extensive social programs, and with no means of properly funding them. So you get universal healthcare and pensions... but healthcare is **** and pensions are always cut... you have no money to build up the infrastructure and thus, it leads to even less profit over time... and lack of tourism. So yeah, socialism sucks.

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    Re: US Median Income Lowest Since 1995

    actually you are underestimating some of those nations.



    Australia, Canda, Switzerland, all three of them are more free-market oriented than the United States.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by Arbo View Post
    As usual, more statements of fantasy. 'Helped manufacture'... how nice of you to skip all those that came before him that helped drive us into the mess as well. But that's what partisan hacks such as yourself excel at...
    Well, despite the desperate attempts of feckless fiction writers (e.g., Thomas DiLorenzo) at the Mises Institute and other sham outlets, the seeds of the credit crisis were planted, nurtured, watered, and fertilized between 2002 and 2006, coming to full flower in 2007 and then toppling over onto tne house in 2008, all because of a bunch of greedy cowboy capitalists and the inane fiscal, monetary, and regulatory policies of a bunch of laissez-faire Republicans.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by Cardinal Fang View Post
    Well, despite the desperate attempts of feckless fiction writers (e.g., Thomas DiLorenzo) at the Mises Institute and other sham outlets, the seeds of the credit crisis were planted, nurtured, watered, and fertilized between 2002 and 2006, coming to full flower in 2007 and then toppling over onto tne house in 2008, all because of a bunch of greedy cowboy capitalists and the inane fiscal, monetary, and regulatory policies of a bunch of laissez-faire Republicans.
    Fascinating. I never knew Bill Clinton was a laissez-faire Republican. How very bipartisan of the Democrats to let him speak at their convention.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by cpwill View Post
    Fascinating. I never knew Bill Clinton was a laissez-faire Republican. How very bipartisan of the Democrats to let him speak at their convention.
    Bill Clinton was a neocon/neolib who didn't desert the Democratic Party simply because the radical left of the 60's and 70's would not be silenced. More spine than that. He has also been a lifelong defender of the middle class -- you know, the group of people that Republicans are trying to wipe out? That's why he spoke at the convention.

    His eventual signature on the long-time Republican wet-dreams of GLB and CFMA were mistakes of course, regardless of the concessions he was able to extract in exchange for letting them pass. These bills could fairly easily be connected for instance to the wave of rigged IPO's that followed almost immediately and bilked ordinary investors out of billions, and also the wave of Enron-style (remember good old Kenny-Boy?) accounting scandals that swept through the economy and created the necessity for things like Sarbanes-Oxley to come into being.

    Despite the wanton lies of various Mises Institute types however, nothing that Clinton did contributed to the genesis of the credit crisis and eventual Great Bush Recession that it finally bled out into. Unless of course you want to stoop to the level of arguing that paving downtown streets makes bank robberies more likely by smoothing the path for potential getaway vehicles.

    All this carnage that you still see around you was actually caused by the unrestrained greed of cowboy capitalists and the god-awful fiscal, monetary, and regulatory policies of a hapless bunch of laissez-faire, free-market Republicans. No Carter, no Clinton, no CRA, no Dodd, no Frank, no Pelosi. Just cowboy capitalists and a hapless bunch of laissez-faire, free-market Republicans. That's all it took.
    Last edited by Cardinal Fang; 09-18-12 at 11:00 AM.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by Cardinal Fang View Post
    Bill Clinton was a neocon/neolib who didn't desert the Democratic Party simply because the radical left of the 60's and 70's would not be silenced. More spine than that. He has also been a lifelong defender of the middle class -- you know, the group of people that Republicans are trying to wipe out?


    I forget every once in a while you pull out a line that makes you sound like Debbie Wasserman Schultz

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