Coming "The Greatest Depression"

by **ReverseEngineer** » Sat 27 Dec 2008, 06:30:29

$this->bbcode_second_pass_quote('Novus', 'H')ere is a new name for you.

I call it: The Dark Age 2.0

by **Sixstrings** » Sat 27 Dec 2008, 06:32:58

$this->bbcode_second_pass_quote('', 'S')o your states don't distribute funds based on per capita for the whole state (rich and poor alike)? what money is in each suburb or city area stays strictly to that area?

I see what you mean now. It is a relatively small amount, though it sounds a hell of a lot more drastic the way he put it.

Also I guess they can only get certain teachers in certain areas. No ivy league teacher wants to work in a drug and gun infested area. eh?

by **Cloud9** » Sat 27 Dec 2008, 09:06:41

The drop out rate is fueled by inability, dysfunctional families and a culture of failure. The last two factors are enhanced by the welfare state. Ambition and self reliance are mindsets that run counter to the inadvertent goals of the nanny state. Therefore they are discouraged. The service bureaucracy feeds off a perpetual state of dependency.

by **Blacksmith** » Sat 27 Dec 2008, 10:55:40

$this->bbcode_second_pass_quote('rainbowfires', '')$this->bbcode_second_pass_quote('Blacksmith', 'C')all it what you will, but we will all be sucking the hind tit.

by **vtsnowedin** » Sat 27 Dec 2008, 11:12:05

$this->bbcode_second_pass_quote('Sixstrings', '[')Again, this is a large country, so you can't say the sky is falling after seeing a few ghettos. The same article points out that as a whole, American high school graduation rates are 70%. (and a lot of those 30% do get GEDs and go on to college.. an argument could be made too many people go to college, we need more in trade schools).

by **ReverseEngineer** » Sat 27 Dec 2008, 16:31:47

$this->bbcode_second_pass_quote('vtsnowedin', '
') To understand drop out rates you need to look at the history of desegregation in our inner city and southern schools. The government could and did forceably open the schools to blacks but they could not force the whites to stay and white flight happened. Once the majority of students are non white in an area where the majority of voters are white school budgets start going down and stay down. Bussing was the next step and whites then fled to private schools which puts them out of government reach. Those left in public schools of all races are left with the dregs all the money and most of the good teachers having moved on to the private schools. Just an example of the government tring to do a good thing and not getting anywhere near the result they wanted or promised.

by **Sixstrings** » Sat 27 Dec 2008, 22:41:34

Cloud9 wrote:
$this->bbcode_second_pass_quote('', 'T')he last two factors are enhanced by the welfare state.

by **Sixstrings** » Sat 27 Dec 2008, 22:52:41

vtsnowedin wrote:
$this->bbcode_second_pass_quote('', 'I') have to doubt that. Having put three daughters through college I'm pretty familar with the system and absent an excellent set of SAT scores and IQ test few colleges and universites of merit will accept a student that just holds a GED.

by **Cloud9** » Sat 27 Dec 2008, 22:54:50

This all stems from President Johnson’s well intentioned war on poverty. His administration identified our most needy. They turned out to be young women attempting to raise their children alone. The aid for dependent children programs were written to target this specific group. To receive the aid a person had to meet the criteria of being a woman trying to raise her children alone. This left no position for the men in these low income families. Chris Rock said it best: “If you call your grandma mom and you call your mom Pam, you are going to jail.”

by **threadbear** » Sat 27 Dec 2008, 22:55:30

$this->bbcode_second_pass_quote('Cloud9', 'T')he drop out rate is fueled by inability, dysfunctional families and a culture of failure. The last two factors are enhanced by the welfare state. Ambition and self reliance are mindsets that run counter to the inadvertent goals of the nanny state. Therefore they are discouraged. The service bureaucracy feeds off a perpetual state of dependency.

by **Cloud9** » Sat 27 Dec 2008, 23:15:25

Threadbear, you beat the odds. Most don't.

by **patience** » Tue 30 Dec 2008, 10:02:40

Here is the 2009 picture according to Roger Wiegand, at webeatthestreet:

Link to Silverbearcafe

Quote:
"...later September and early October, the New York, London, Tokyo and Asian markets take a monster crash. How low is low and how bad can it get? We think the Dow could end-up on November 1st, 2009 anywhere from 5,600 to a low of 3,000 or even 1,500. One guideline will be a falling overshoot of PE's on our largest, so-called international corporations posting lows of 4 to7. Today, many of them are near 18. What does this tell us about the severity of our projections? Unemployment nationally in the USA is now touching 16%. The officially posted number is somewhere near half of that. By the fall of 2009, American Real unemployment will be near the all time, 1930's depression high of 25% unemployed. Sadly, that is not the worst, as it gets more dire. We predict real USA unemployment reaches 30-40%. In the rust belt states of Michigan and Ohio, 40% is not unrealistic." end quote.

He says this will follow a dead cat bounce the first part of the year, from Obama's handouts, followed by reality setting in. Nope, an individual ain't gonna make it alone on a mediocre job without severe hardship.

by **Byron100** » Tue 30 Dec 2008, 11:45:46

$this->bbcode_second_pass_quote('cbxer55', '
')Here-Here! Not me. A friend of mine. His daughter has worked for Home Depot for over 5 years now. She has yet to see $10.00 per hour. Yet the 7-11 right up the street offers a starting pay of $12.50 per hour!! Something is not right here. And yet I can understand one's reluctance to work at a neighborhood STOP-AND-ROB!

My friend's daughter is 23, divorced due to a azzhat husband, has a daughter, and lives at home with mom and dad because she does not make enough to make it on her own.

Everytime I go into Home Depot or Lowes, or one of those other nameless big box stores, I wonder how anyone of the employees can make it there on the pay they make. Depressing.

And now that I will be out of work come December 31, I wonder just what is in store for me? I have been working since I was 18(before that if you consider newspaper routes and lawn mowing since I was 12). Rarely have I made less than $15 per hour since 18. Will I have to lower my standards now? Can I afford to? Can my wife afford to? $10 per hour is less than unemployment pay.

The future looks pretty bleak IMHO.