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This is the WORST RECOVERY EVER

A forum for discussion of regional topics including oil depletion but also government, society, and the future.

Re: This is the WORST RECOVERY EVER

Postby Lore » Sun 17 Mar 2013, 12:04:44

$this->bbcode_second_pass_quote('John_A', '
')
Yup. Fortunately, even for all of that there are still places where innovation is appreciated and rewarded, and America is still one of those places. Unfortunate that those who can are forced to support the socialists agenda of a political organization doing its best to make sure those qualities are forced to pay for the sins of their supporters, but maybe that is just the way the majority want it nowadays. Give them the dole, and they are happy.


Welcome to democracy?
Last edited by Lore on Sun 17 Mar 2013, 12:38:35, edited 1 time in total.
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
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Re: This is the WORST RECOVERY EVER

Postby Lore » Sun 17 Mar 2013, 12:27:34

More evidence that we've become a nation beholding to a plutocracy.


$this->bbcode_second_pass_quote('', '[')b]Timothy Noah on America's income immobility

(CBS News) Americans have always believed that their children will have it better than they do. But now that's in doubt, according to our Contributor and New Republic editor Timothy Noah, whose latest book is titled "The Great Divergence":

Americans know their country has a lot of economic inequality. But they tell themselves that's OK. It's OK because America offers a wealth of opportunity to those at the bottom. We're unique that way.

The only problem is, it isn't true.

President Obama said so in the recent election: "The rungs on the ladder of opportunity have grown farther and farther apart."

Republican vice presidential nominee Paul Ryan said so, too: "Right now, America's engines of upward mobility aren't working the way they should."

Our self-image as the land of opportunity comes mainly from two writers: One was Horatio Alger, who wrote dime novels about plucky street urchins getting ahead. The other was James Truslaw Adams, an historian who coined the phrase "the American Dream."

Alger and Adams were not up-from-the-bottom types themselves; they were born into prosperous families and received good educations. But they lived in the late 19th and early 20th centuries, the time of America's rapid industrialization, and both saw that this young country offered many more opportunities for advancement than class-bound Europe.

Today we've got nothing like that kind of mobility.

The last time U.S. mobility was actually growing was the post-World War II era. Even then, the growth wasn't as rapid as in Alger's and Adams' time. Today, many researchers believe, we have less mobility than we did as recently as the 1970s.

Meanwhile, Europe started beating us at our own game. One recent study ranked U.S. mobility below Germany, France, Spain, even Canada. Another found that American men were more likely to inherit their parents' economic status than they were to inherit their parents' height and weight.

What happened? Economists aren't sure. But it's been noted that countries where incomes are notably unequal -- as they are in the U.S. -- tend to experience notably less mobility.

When those rungs get further apart, the ladder gets harder to climb. So even if you don't care about inequality, you may have to, if you care about opportunity.

timothynoah.com
"The Great Divergence: America's Growing Inequality Crisis and What We Can Do About It" by Timothy Noah (Bloomsbury) | eBook

http://www.cbsnews.com/8301-3445_162-57 ... mmobility/
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
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Re: This is the WORST RECOVERY EVER

Postby John_A » Sun 17 Mar 2013, 15:41:56

$this->bbcode_second_pass_quote('Lore', '')$this->bbcode_second_pass_quote('John_A', '
')
Yup. Fortunately, even for all of that there are still places where innovation is appreciated and rewarded, and America is still one of those places. Unfortunate that those who can are forced to support the socialists agenda of a political organization doing its best to make sure those qualities are forced to pay for the sins of their supporters, but maybe that is just the way the majority want it nowadays. Give them the dole, and they are happy.


Welcome to democracy?


America has been democratic a long time, but only recently has it been trending towards socialism and living on the dole as a life dream of so many.
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Re: This is the WORST RECOVERY EVER

Postby Lore » Sun 17 Mar 2013, 19:27:39

$this->bbcode_second_pass_quote('John_A', '
')America has been democratic a long time, but only recently has it been trending towards socialism and living on the dole as a life dream of so many.


Socialism is defined as a system in which the means of production are owned and controlled by the state, often described as central planning. If I'm not mistaken, production in the US economy is controlled and owned within the private sector, so called, free market capitalist system. You only have to see that the rich are getting richer to understand how well that's working.

The US government since its inception has always distributed wealth through a variety of legislative means, this is nothing new. It's amusing though, that those who shout socialism come from conservative states that are receiving the most in government benefits.

What we have here is the ignoranti being fooled by the plutocrats of power who are adept at shifting blame.
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
... Theodore Roosevelt
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Re: This is the WORST RECOVERY EVER

Postby Oneaboveall » Mon 18 Mar 2013, 00:37:16

$this->bbcode_second_pass_quote('', 'W')hat we have here is the ignoranti being fooled by the plutocrats of power who are adept at shifting blame.


This is exactly why I hardly post here anymore. It's either resource depletion used as a justification for handing everything to our beloved corporate gods or complaints about poor people receiving help that completely ignores corporate subsidies and bailouts.
And here is a perfect example:
$this->bbcode_second_pass_quote('', 'A')merica has been democratic a long time, but only recently has it been trending towards socialism and living on the dole as a life dream of so many.


A lot of those "living on the dole" are working, but are paid so little that aid is a necessity. I also wonder why working is considered so indispensable. Most of the work we do is just bull@#$% busy work that is not essential at all.
When the banksters want something, our policymakers move with the speed of Mercury and the determination of Ares. It’s only when the rest of us need something that there is paralysis.

How free are we today with the dominance of globalist capital and militarized security apparatus?
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Re: This is the WORST RECOVERY EVER

Postby Buddy_J » Mon 18 Mar 2013, 08:49:28

$this->bbcode_second_pass_quote('Lore', '
')
Socialism is defined as a system in which the means of production are owned and controlled by the state, often described as central planning. If I'm not mistaken, production in the US economy is controlled and owned within the private sector, so called, free market capitalist system. You only have to see that the rich are getting richer to understand how well that's working.


Socialism as a definition appears to be more than just state ownership. Or at least that is Wiki's version.

http://en.wikipedia.org/wiki/Socialism

"Socialism is an economic system characterised by social ownership of the means of production and co-operative management of the economy.[1] "Social ownership" may refer to cooperative enterprises, common ownership, state ownership, or citizen ownership of equity.[2] There are many varieties of socialism and there is no single definition encapsulating all of them.[3] They differ in the type of social ownership they advocate, the degree to which they rely on markets or planning, how management is to be organised within productive institutions, and the role of the state in constructing socialism.[4"

Government Motors fits this definition nicely, as does the managed bankruptcy of both them and Chrysler. The US mortgage market, the health care system takeover....seriously...what is left now that the government is in cahoots with their campaign contributors in autos, houses and health care? In those three things a majority of the largest economy in the world has just been accounted for.
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Re: This is the WORST RECOVERY EVER

Postby Buddy_J » Mon 18 Mar 2013, 08:56:36

$this->bbcode_second_pass_quote('Oneaboveall', '
')And here is a perfect example:
$this->bbcode_second_pass_quote('', 'A')merica has been democratic a long time, but only recently has it been trending towards socialism and living on the dole as a life dream of so many.


A lot of those "living on the dole" are working, but are paid so little that aid is a necessity. I also wonder why working is considered so indispensable. Most of the work we do is just bull@#$% busy work that is not essential at all.


Aid is not necessarily a necessity, it is a subsidy by the government, a subsidy designed to make sure an ever larger portion of the population knows who puts butter on their bread.

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Re: This is the WORST RECOVERY EVER

Postby Lore » Mon 18 Mar 2013, 09:47:56

$this->bbcode_second_pass_quote('Buddy_J', '
')Government Motors fits this definition nicely, as does the managed bankruptcy of both them and Chrysler. The US mortgage market, the health care system takeover....seriously...what is left now that the government is in cahoots with their campaign contributors in autos, houses and health care? In those three things a majority of the largest economy in the world has just been accounted for.


As I said, the Wiki definition just confirms state ownership and management of production.

There is a big difference between loans and the ownership/management of production. Auto makers and banks still managed their own companies and have successfully paid back most of those loans. It's no different then farm loans, education loans or home loans, etc., backed by the government. Much of which has gone on since the beginning.
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
... Theodore Roosevelt
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Re: This is the WORST RECOVERY EVER

Postby Oneaboveall » Mon 18 Mar 2013, 12:47:04

$this->bbcode_second_pass_quote('Buddy_J', '
')Aid is not necessarily a necessity, it is a subsidy by the government, a subsidy designed to make sure an ever larger portion of the population knows who puts butter on their bread.

Image

Oh great...another Obama hater. :roll:
When the banksters want something, our policymakers move with the speed of Mercury and the determination of Ares. It’s only when the rest of us need something that there is paralysis.

How free are we today with the dominance of globalist capital and militarized security apparatus?
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Re: This is the WORST RECOVERY EVER

Postby kublikhan » Mon 18 Mar 2013, 13:26:33

$this->bbcode_second_pass_quote('Oneaboveall', 'T')his is exactly why I hardly post here anymore. It's either resource depletion used as a justification for handing everything to our beloved corporate gods or complaints about poor people receiving help that completely ignores corporate subsidies and bailouts.
Don't get discouraged by a small handful of posters who happen to be the noisiest. Not everyone here worships corporate gods.

$this->bbcode_second_pass_quote('Buddy_J', 'A')merica has been democratic a long time, but only recently has it been trending towards socialism and living on the dole as a life dream of so many.
People do not dream about being on welfare. Do you really think people are out there thinking to themselves "If only I was a little bit poorer, then I could be on welfare!" As Oneaboveall said, many on welfare work. But they are paid so little that they need government assistance to pay the bills. Others turn to welfare after they lose their job or after a disaster. It is not some great dream for people to be on welfare.

$this->bbcode_second_pass_quote('', 'M')oreover, many people who work full-time qualify for food stamps, subsidized housing and other forms of "welfare": there is no city in the United States where a person earning minimum wage can afford a market rate apartment.

The majority of people on welfare have been in and out of the work force, returning to the welfare rolls when they lost their job or disaster (illness, car accident, house fire) struck.
Eight Great Myths About Welfare

$this->bbcode_second_pass_quote('Buddy_J', 'A')id is not necessarily a necessity, it is a subsidy by the government, a subsidy designed to make sure an ever larger portion of the population knows who puts butter on their bread.
Most of the butter is going to the top 1%. If workers were paid a fair wage for their labor and the rules of the game were not rigged for the rich, poor workers would not have to rely so much on government assistance programs. Instead, we direct most of the income in this country to the top 1%. Global wealth has double in 10 years. Yet wealth for the middle class has flatlined and wealth of the poor has actually decreased. Workers wages as a percentage of GDP have hit their lowest point in US history.

$this->bbcode_second_pass_quote('', '2'). Wealth accumulation has been rigged for the rich.
The richest quintile of Americans owns 93% of non-home wealth. For Americans with incomes over $10 million, nearly half of their income comes from capital gains and dividends, on most of which they pay only a 15% tax. From 2002 to 2007, two-thirds of all income went to the richest 1%. Then, in the first year after the recession, a startling 93% of all new income went to the richest 1%.

Massive wealth holdings have accumulated for the richest Americans not only because of their appropriation of income, but also because of their manipulation of the tax code. The 15% capital gains tax is their proudest accomplishment. Other ploys include carried interest, performance-related pay, stock options, and deferred compensation.

The imaginary 'work' of financial gain gets taxed at a much lower rate than real work. Through the years, as the rich have fattened up on stocks and other financial assets, the stock market has grown three times faster than the GDP. Yet American workers have not benefited from their own productivity. Their wages have flatlined while the fruits of their labor have gone to investors.

5. Debt has masked wealth inequality for 30 years
The authors of the Global Wealth Report state: "Rising household debt...began around 1975. Before this date, the ratio of household debt to annual disposable income within countries remained fairly stable over time and rarely rose above 75%." Today, Americans are burdened with over $11 trillion in consumer debt, including mortgages, student loans, and credit card liabilities. As the very rich have accumulated income and wealth, the middle class has kept up appearances by taking out loans. Five Facts About America's Pathological Wealth Distribution

$this->bbcode_second_pass_quote('', 'A') constant conservative charge against President Obama is that he is inherently anti-business. However, businesses keep defying the storyline by making larger and larger profits, rebounding nicely out of the Great Recession.

In the third quarter of this year, “corporate earnings were $1.75 trillion, up 18.6% from a year ago.” Corporations are currently making more as a percentage of the economy than they ever have since such records were kept. But at the same time, wages as a percentage of the economy are at an all-time low.

Corporations made a record $824 billion in profits last year as well, while the stock market has had one of its best performances since 1900 while Obama has been in office.
Meanwhile, workers are getting the short end of the stick. As CNN Money explained, “a separate government reading shows that total wages have now fallen to a record low of 43.5% of GDP. Until 1975, wages almost always accounted for at least half of GDP, and had been as high as 49% as recently as early 2001.” Corporate Profits Hit Record High While Worker Wages Hit Record Low
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Re: This is the WORST RECOVERY EVER

Postby dsula » Mon 18 Mar 2013, 16:30:16

$this->bbcode_second_pass_quote('kublikhan', ' ')If workers were paid a fair wage for their labor and the rules of the game were not rigged for the rich,

It's not that simple. The game is surely rigged in favor of the super rich. But claiming the poor only being victims is also wrong. As hard as it sounds, but poor/uneducated/unskilled/unreliable people are in no short supply and can be easily replaced. Highly skilled, motivated, productive people are not as easy to get.

Maybe you want to talk to some small family owned local business in your area and find out why they only pay their low-level employees small wages. You might even be surprised to learn that the owner of the business makes as little or even less than his employees.

Yep, it's tough out there, being a small or medium size business.

$this->bbcode_second_pass_quote('', 'T')he richest quintile of Americans owns 93% of non-home wealth.

Yeah, here we go. Non-home wealth. Counting the value of Bill Gates Microsoft shares at face value is simply wrong. The richest americans are probably not as rich as you think they are. But it sure is comforting to bitch about them.
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Re: This is the WORST RECOVERY EVER

Postby kublikhan » Mon 18 Mar 2013, 17:47:46

$this->bbcode_second_pass_quote('dsula', 'I')t's not that simple. The game is surely rigged in favor of the super rich. But claiming the poor only being victims is also wrong. As hard as it sounds, but poor/uneducated/unskilled/unreliable people are in no short supply and can be easily replaced. Highly skilled, motivated, productive people are not as easy to get.
That is another part of the problem. What does it takes to make a highly skilled, motivated, productive employee? A good start is a good education, sound upbringing, good role models, etc. How many of those growing up poor have all of that? They often have poorly funded schools, made all the worse by state level cut backs. One or more parents in jail, often brought about by bad policies like zero tolerance and 3 strikes. California now spends more money on jails than higher education.

I think you have a bit of a false dichotomy there with your "employee vs employer" thinking. There are many policies that could be implemented that would help both groups. The poor do not want to be unskilled, unmotivated, and unproductive. Education is traditionally a route for social mobility in this country, a route that is being increasingly closed off. With higher educated and skilled employees, both the employee and employer would benefit. Then there is the bad bankruptcy laws. Making it more difficult to declare bankruptcy(bush bankruptcy laws) hurts both the poor who are chained down by debt and the entrepreneur who just saw his business fail. And laws that promote multinationals at the expense of the small and medium business owner hurt the employees of that business too, who often have to get a walmart like job nowadays to replace his former well paying job.

$this->bbcode_second_pass_quote('', 'W')hether by default or conscious implementation, a variety of institutional policies contribute to ongoing poverty. These include federal policies around poverty assistance and student debt, institutional barriers to upward social mobility and criminalization of poverty. It's clear that the edifice - the socioeconomic and political framework that drives these trends - has failed.

The ongoing loss of the middle class in inner cities further evidences the fact that current policies favor a wealthy few, resulting in the return of once-modestly-integrated cities to near apartheid-like economic segregation. In the San Francisco Chronicle, Tyche Hendricks wrote in 2006, "The gentrification of San Francisco's neighborhoods reflects one facet of a national trend: the decline of middle-income neighborhoods in metropolitan America." The acceleration of economic inequity and social immobilization is not an artifact of nature or natural forces; like poverty itself, it stems from the powerful "edifice" King describes.

Changes in tax policies have allowed an elite few to escape the forces of gravity in terms of wealth and income, permitting large corporations to escape taxes almost altogether. A parallel trend is also seen in trade policy, where a failure to enforce antitrust laws and unregulated finance has promulgated business models that undermine the viability of the independent small- to medium-size businesses that were once the bedrock of communal prosperity across America. These conjoined policies have also resulted in the creation of lower paying "McJobs", increasing the ranks of the working poor.

Changes in bankruptcy laws over the last 20 years have made it harder to declare personal bankruptcy and to escape certain kinds of debts - discouraging entrepreneurs and students, and condemning many people to perpetual debt servitude. The bigger issue here is the new [Bush administration] bankruptcy laws, which leave many people in debt for decades."

Other government policies that reduce access to education - once the great driver of social mobility - make the prospect of escaping from poverty even more difficult. A case in point: The University of California (UC), California State University (CSU) and California Community Colleges (CCC) are the primary systems that constitute the (public) higher education system for the State of California. These systems used to receive far more state funding than did correctional facilities (prisons). However, higher education now receives slightly less funding than California's prison system. This shift in both state and federal policies is traceable through the shift in budgetary priorities. Instead of providing the poor with an opportunity to learn their way out of poverty, the poor are being offered to the prison-industrial complex as commodities. the current public education system is failing America's youth - especially kids of color - in achieving a better life.

The problem of educational access overlaps with the personal debt debacle: As the need for student loans has steadily increased, so has the number of borrowers who have fallen behind on making payments. According to The New York Times, "Nearly one in every six borrowers with a loan balance is in default." This is a number "greater than the yearly tuition bill for all students at public two- and four-year colleges and universities."
More and more loans have become necessary to finance a higher education, as Pell grants and other government sources of funding for lower-income students have decreased - and as states, including California where the public higher education system was once a public pride and glory - have significantly reduced funding to universities.

"When the state spends $200,000 to lock up a youth in a broken system, it's a divestment away from creating opportunities and lifting up impoverished communities," Kim said, speaking specifically of California. "Other states have provided real rehabilitation programs that not only improve youth outcomes but they do it at a fraction of the cost."
Failed "Welfare" Programs and the Web of Poverty

$this->bbcode_second_pass_quote('dsula', 'Y')eah, here we go. Non-home wealth. Counting the value of Bill Gates Microsoft shares at face value is simply wrong. The richest americans are probably not as rich as you think they are. But it sure is comforting to bitch about them.
Removing the qualifier "Non-Home wealth" does not change the numbers much. America still has a disgusting amount of wealth inequality.

$this->bbcode_second_pass_quote('', 'A')s of 2010, the top 1% of households (the upper class) owned 35.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 53.5%, which means that just 20% of the people owned a remarkable 89%, leaving only 11% of the wealth for the bottom 80% (wage and salary workers)

the lowest two quintiles hold just 0.3% of the wealth in the United States.
Wealth, Income, and Power

But if you feel anything I have posted is wrong, please correct me as I don't want to be ignorantly promoting erroneous data.
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Re: This is the WORST RECOVERY EVER

Postby Buddy_J » Mon 18 Mar 2013, 19:29:57

America is in decline for a myriad of reasons, the wealth gap, the functionality of home ownership, paper profit barons, the crating up and shipping out of the manufacturing sector because of wall street driven short term profit goals, and completely inexperienced executive branch leaders among them.

But there are other, more core reasons as well. Expectations of the youth who cannot see a path forward to the type of wealth their rapacious boomer parents have, the modern popularity driven culture driven home by TV and the likes of gangsta rap, get rich quick mentalities and me-first propensities among the youth of the country, hard work being an epithet rather than something to aspire to.

In that context, the likes of Obama being elected is not a surprise, nor are his actions as he races to drag the country to the bottom in as many categories as possible. The WORST RECOVERY EVER being just another consequence of his goals.
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Re: This is the WORST RECOVERY EVER

Postby vision-master » Tue 19 Mar 2013, 09:18:46

fook off 1%er's.
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Re: This is the WORST RECOVERY EVER

Postby topcat » Tue 19 Mar 2013, 10:11:58

Kub wrote
$this->bbcode_second_pass_quote('', 'P')eople do not dream about being on welfare. Do you really think people are out there thinking to themselves "If only I was a little bit poorer, then I could be on welfare!"


No, they may not dream about being on welfare but many of the strive for it. Their role model(s), baby momma or baby daddy, don’t work but money magically appears on their debit and SNAP cards. Hey, ain’t magic beautiful. “I wanna grow up to me just like my mommy/daddy!”

$this->bbcode_second_pass_quote('', 'M')ost of the butter is going to the top 1%. If workers were paid a fair wage for their labor and the rules of the game were not rigged for the rich, poor workers would not have to rely so much on government assistance programs.


The game is not rigged; money, if used properly, makes more money. Don’t have money, then go out and make some. Throughout my entire life, not one day goes by that I have never seen a dirty car. Get a bucket, rag, towels, soap and water. What does that make? Money.

Don’t have enough money? Don’t buy that I-phone/pad. Drop the high speed internet. Don’t buy the smokes. Don’t buy the beer. Get a TV that will fit on a table, not one that is so big you have to mount it on the wall.

$this->bbcode_second_pass_quote('', 'T')hat is another part of the problem. What does it takes to make a highly skilled, motivated, productive employee? A good start is a good education, sound upbringing, good role models, etc. How many of those growing up poor have all of that? They often have poorly funded schools, made all the worse by state level cut backs. One or more parents in jail, often brought about by bad policies like zero tolerance and 3 strikes.


BINGO! A good education, sound upbringing, and good role models! You hit the trifecta!

Parents in jail? If you don’t want to do the time, DON’T do the crime. Hey, that was easy. Poor folks can have moral standards just as easy as rich folks can.

Dsula wrote
$this->bbcode_second_pass_quote('', 'M')aybe you want to talk to some small family owned local business in your area and find out why they only pay their low-level employees small wages. You might even be surprised to learn that the owner of the business makes as little or even less than his employees.


We are a seasonal employer of a couple people. First thing folks need to know, and I have told helpers this, is that I can and will ONLY hire someone IF I can make money. That is what a business does. Can this person do something that, after paying them, I have one dollar an hour more than they cost? If I break flat even, what is the point. I have spent time and money training and tasking them, I should have just done the work myself. I cannot run a deficit day in and day out as the government does.

And then, every year, the one's who actually treat me like an a-hole because I will not pay them under the table. One guy while we are discussing the job, pay, etc., up and says "But won't that affect my unemployment?" Then, the gal who berates me because a paycheck will cut off her housing and heat subsidies. Yes, both true stories.

I tried to explain to each of them, that if they do not pay their taxes, then someone else (namely me) has to pony up a bit more than I already do to make up for their shortfall. That kinda ended each conversation.
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Re: This is the WORST RECOVERY EVER

Postby Lore » Tue 19 Mar 2013, 10:48:34

Yes, unfortunately we're becoming a country that pays peanuts and then bitches it gets monkeys. We revel in ignorance and admire those who preach it. We aspire to the bottom and then berate those who wallow there.

We've let an elite group of wealthy overloads push the meme that it's your neighbor out to get something for nothing, when in reality it's them who have received much for nothing. Meanwhile, they laugh behind locked boardroom doors at the ruse they've played on their weak minded sycophants. Ultimately cutting their own throats and that of the country.
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
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Re: This is the WORST RECOVERY EVER

Postby Plantagenet » Tue 19 Mar 2013, 11:58:11

$this->bbcode_second_pass_quote('Lore', ' ')we're becoming a country that pays peanuts ......


Yup. The data on median household data shows that family earnings went down during the recession in 2008---- and have continued down year after year in 2009. Dropped again in 2010, fell more in 2011

Who ever heard of a recovery where things get worse year After year. That's just more evidence this is the WORST RECOVERY EVER :!:
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Re: This is the WORST RECOVERY EVER

Postby Plantagenet » Wed 20 Mar 2013, 20:54:33

Since a rising GDP translates to more wealth, the slow growth since 2009 corresponds to a loss of about $3200 per year for each and every person in America.

The WORST RECOVERY EVER costing Americans big bucks

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Re: This is the WORST RECOVERY EVER

Postby ralfy » Thu 21 Mar 2013, 01:13:34

I think Lore's phrase refers to paying a small amount, getting a lot more in return, then complaining that a lot isn't good enough. In short, it's a country of entitlement, ignorance, and narcissism, and has been going on for several decades. What took place after 2009 onward is the result of such.
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Re: This is the WORST RECOVERY EVER

Postby kublikhan » Thu 21 Mar 2013, 15:15:07

$this->bbcode_second_pass_quote('Buddy_J', 'E')xpectations of the youth who cannot see a path forward to the type of wealth their rapacious boomer parents have, the modern popularity driven culture driven home by TV and the likes of gangsta rap, get rich quick mentalities and me-first propensities among the youth of the country, hard work being an epithet rather than something to aspire to.
That's the rhetoric. The reality is that americans are working harder, longer, and getting paid less. We are working more than anyone in the industrialized world. And more than our boomer parents. All the while taking home less pay.

$this->bbcode_second_pass_quote('', 'A')mericans work more than anyone in the industrialized world. More than the English, more than the French, way more than the Germans or Norwegians. Even, recently, more than the Japanese. And Americans take less vacation, work longer days, and retire later, too.

Author Juliet Schor, who wrote the best-selling book The Overworked American in 1992, concluded that in 1990 Americans worked an average of nearly one month more per year than in 1970.
Americans Work More Than Anyone

$this->bbcode_second_pass_quote('', 'T')he working and living standards for the majority of Americans have been on a downward spiral since the 1970s. While workers’ productivity is up, allowing their bosses to bring in greater profits, most workers have been working longer hours and doing more work per hour, while their wages have remained stagnant. In 2007, the average American worker toiled 1,868 hours, 181 hours longer (10.7% more) than in 1979—the equivalent of an extra 4.5 weeks per year. There was also a large increase in working hours among the lowest 20% of wage earners, whose working hours increased 22% (compared with a 7.6% increase for the top 5% of earners), again due mostly to hours over and beyond what they were already working.

One reason for the increased working hours was, of course, increased demands by employers. However, workers’ wages were stagnant during the period, in many cases not keeping up with inflation, forcing people to work longer hours to make ends meet. Thus, in terms of spending power and the value of their paychecks, workers living standards were either stagnant or declined during this period. For example, annual income increased during this time period, but for the majority of workers this was the result of their longer working hours—not from any significant increase in hourly wages. For the lowest-wage workers, hourly wages rose only 7.7% over the past three decades. However, for the past decade, their wages have actually declined 3.2%.
Americans Working Longer, Harder and Paid Less

$this->bbcode_second_pass_quote('', 'R')ecent studies have painted a grim picture of the American working world: Longer days, less vacation time, and later retirement, and — and that was all during the good years of the 1990s. The last few months have done nothing to ease those conditions, adding job insecurity to the mix as an increasing number of companies lay off workers to "downsize" in the slumping economy. Those lucky enough to still have a job can expect to be asked to do more, to make up for the "streamlined" workforce.

Not only are Americans working longer hours than at any time since statistics have been kept, but now they are also working longer than anyone else in the industrialized world. And while workers in other countries have been seeing their hours cut back by legislation focused on preventing work from infringing on private life, Americans have been going in the other direction.
Americans: Overworked, Overstressed
The oil barrel is half-full.
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