Posted on 12/31/2011 11:36:54 AM PST by SeekAndFind
ping
The true unemployment numbers are probably double what the official numbers are, or worse.
The classification “no longer working” is a statistician’s ruse to hide the true number. If you are unemployed long enough that your benefits run out, you aren’t counted anymore.
And if you graduate from school but can’t find a job, you aren’t counted.
Most companies are running scared. If they want to launch a new project, they can’t get permission. Or they are tied up with regulations for years on end as they wind, slowly, through the maze of approvals and studies and hearings they have to go through before the permission is finally denied anyway.
Who can survive waiting years to start a project?
So they hang on and hope for better days, or slide slowly toward bankruptcy. Or skip it and build in China and get on with life.
The middle class are the ones THAT WORK...
Lower classes don’t want to work and pretty much dont work..
UNless selling drugs, stealing, and cashing gov’t checks can be considered work..
Obama is destroying the middle class.. by destroying the employers..
Who are also middle class..
I mean, seriously . . . where does this myth come from?
Waaaaa. Most of the middle class is getting its incomes directly or indirectly from government. Starve the bipartisan, socialist, parasitic B.
Most already are. The underground economy continues to grow as a direct response to the continued growth of onerous and invasive government.
The numbers in the "official" economy continue to erode as more and more people learn to survive outside of it.
Actually, I meant to say "no longer looking" is a statisticians's ruse.
The establishment people want this to happen. Only way to consolidate power.
Everything the middle class has saved and have their wealth in, devise indirect ways to strip it away. Certain critical areas, allow to increase costs (via laws and regulations so it’s not directly traceable) much faster than inflation and any kind of potential raise in your job. Insurance. Taxes. Energy. Food. Water utilities. Fuel. Medical. Higher Education. School taxes for public education and county technical colleges (whether you have kids in school or not!).
They ignore the financial problem they put us all in and even in these times attempt to pass huge budget spending items (new spending) while the old spending is killing us. They can’t collapse the currency and old framework fast enough. It’s their excuse to say “The Constitution doesn’t work with today’s problems (they manufactured, of course). We need a NEW structure, a new global way of doing things since everything is interconnected now.”
One catastrophe can be enough to wipe out a middle class family’s savings. It’s what they hope for because the establishment can’t be blamed directly for any one family’s fall from the middle class to poor status. But they are totally happy they are wiping out the middle class, that’s the whole point. Savings and wealth are sliced down through inflation, rising taxes, fees, service charges, regulations, losses, rising costs of commodities and utilities, personal/physical disasters, medical and insurance rates. You are either slowly having it taken away in ever increasing, but small chunks (death by a thousand cuts) - but the cuts are getting bigger; or you may lose it all in one or two large problems that you can’t recover from.
It’s all designed. In the age of fiat money (value of money not tied to any tangible thing - in our case the “full faith and credit” of the US, whatever that ethereal term may be) there is no need to have anyone pay taxes. Taxes are just control over people. Taking away their money (ie freedom and power), and also giving a legal way to jail someone if they are too “uppity” (18,000 pages of tax law nobody can master or not be in violation of if they put their infinite govt resources after you). When you have fiat money you can print as much as you want because you don’t have to have a certain amount of anything backing it. Fractional reserve banking allows banks to creating 90% of their “money” out of thin air based on a small percentage of fiat notes physically held by their bank. The system fails when people don’t pay their loans (ie give the bank real money to cover the 90% created out of thin air money the bank loaned out, but never physicall had). In this particular small way you can see fractional reserve lending might lead one to think of the similarities it has compared to derivatives. If banks make a lot of loans where most of their “money” created out of nothing is lent, and bets wrong and more and more of the loans fail, the bank tanks big time. Same with derivatives.
The statistics comparing the year 2000 to now in #4 and #8 are a bit misleading. 2000 was the year the tech bubble burst, and many of those high paying tech jobs that were created to set up the servers for ecommerce and modify the mainframes for Y2K were no longer needed and were eliminated.
Not buying this semantic argument over poor and middle classes. Today’s poor are in better shape than the middle class of 25 years ago.
“According to a recent report produced by Pew Charitable Trusts, approximately one out of every three Americans that grew up in a middle class household has slipped down the income ladder.”
Cheating by only telling part of the story. One in three is a low number considering the current economic situation. In the last 15 years a significant fraction of the middle class has moved into the lower-upper class. Those that have slipped will catch up as the demographics become more favorable.
This is typical static model fallacy, usually a province of liberal thought. We have a difficult ten years to work through. This is mainly due to the interface of demographics with under-funded social programs. When all is said and done we will have gone through about 14 years of tough times to make up for 50 years of stupidity and a baby boom that had consequences.
This has been evident and baked in the cake since the early 90’s.
Unfortunately, the middle class is too brainwashed to defend itself.
“How can this idiot country possibly have anyone who thinks the Kenyan is doing a good job or even has a clue assuming he would want to make it better? “
I looked at the gifts I bought and received and I saw where the middle class jobs have gone.
Elections have consequences. Unfortunately, our educational system has been dumbed down so much that an entire generation has no understanding of the enslavement of socialism.
“How can this idiot country possibly have anyone who thinks the Kenyan is doing a good job or even has a clue assuming he would want to make it better? “
I looked at the gifts I bought and received and I saw where the middle class jobs have gone.
If you’re already spending most of your time trying to keep your head above water, you can’t make dinner and walk the dog, too.
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