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Rampant Unemployment = The Death Of The Middle Class - The Working Class Is Being Wiped Out
The Economic Collapse ^ | 07/09/2011 | Michael Snyder

Posted on 07/10/2011 6:25:18 PM PDT by SeekAndFind

Without an abundance of good jobs, the middle class in the United States is going to shrivel up and die. Right now, rampant unemployment is absolutely killing communities all over America. Hopelessness and poverty are exploding and many are now wondering if we are actually witnessing the slow death of the middle class. There simply are not nearly enough "good jobs" to go around anymore, and even many in the mainstream media are referring to this as a "long-term structural problem" with the economy. The only thing that most working class Americans have to offer in the marketplace is their labor. If nobody will hire them they do not have any other ways to provide for their families. Well, there is a problem. Today wealth has become incredibly centralized. The big corporations and the big banks dominate everything. Thanks to incredible advances in technology and thanks to the globalization of our economic system, the people with all the money don't have to hire as many ordinary Americans anymore. They can hire all the labor they want on the other side of the globe for a fraction of the cost. So the rich don't really have that much use for the working class in America anymore. The only thing of value that the working class had to offer has now been tremendously devalued. The wealthy don't have to pay a lot for physical labor anymore. Thousands of our factories and millions of our jobs have been shipped overseas and they aren't coming back. The big corporations are thriving while tens of millions of ordinary Americans are deeply suffering. Almost all of the wealth being produced by our economy is going to a very centralized group of people at the very top of the food chain. The rich are getting richer and the working class is being systematically wiped out.

So the fact that we are facing rampant unemployment that never seems to go away should not be a surprise to anyone. Today, the "official" unemployment rate went up to 9.2 percent even though a whopping 272,000 Americans "dropped out of the labor force" in June. The government unemployment figure that includes "discouraged workers" went up from 15.8% to 16.2%. The mainstream media is proclaiming that this was "a horrific report" because most economists were expecting much better news.

Well, guess what?

Things are going to get a whole lot worse.

More job cuts are coming. One recently released report found that the number of job cuts being planned by U.S. employers increased by 11.6% in June.

It is also being projected that state and local governments across the U.S. will slash nearly half a million more jobs by the end of next year.

Needless to say, things don't look good.

Most people that still have jobs are desperately trying to hold on to them.

Employers know that most workers are easily replaceable these days, so wages are not moving up even though the cost of living is.

We are right in the middle of the worst employment downturn since World War 2. Jay-Z recently summed up the situation this way....

"Numbers don't lie. Unemployment is pretty high."

Jay-Z certainly has a way with words, eh?

If something is not done about the rampant unemployment in this nation, the death of the middle class will accelerate.

Most Americans just assume that the United States will always have a large middle class, but there is no guarantee that is going to happen. In fact, there is a whole lot of evidence that the middle class in America is rapidly shrinking.

Take a few moments to read over the facts compiled below. Taken together, they provide compelling evidence that the working class is being systematically wiped out....

#1 Right now, the U.S. government says that 14.1 million Americans are unemployed.

#2 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million people to the population since then.

#3 The number of Americans that are "not in the labor force" is at an all-time high.

#4 The United States has never had an employment downturn this deep and this prolonged since World War 2 ended.

#5 There are officially 6.3 million Americans that have been unemployed for more than 6 months. That number has risen by more than 3.5 million in just the past two years.

#6 It now takes the average unemployed worker in America about 40 weeks to find a new job. Just check out this chart....

#7 There are now about 7.25 million fewer jobs in America than when the recession began back in 2007.

#8 Back in 2000, the employment to population ratio was over 64 percent. Today, it is sitting at just 58.2%.

#9 Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.

#10 During this economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic product in over 50 years.

#11 The number of "low income jobs" in the U.S. has risen steadily over the past 30 years and they now account for 41 percent of all jobs in the United States.

#12 Half of all American workers now earn $505 or less per week.

#13 According to a report released in February from the National Employment Law Project, higher wage industries are accounting for 40 percent of the job losses in America but only 14 percent of the job growth. Lower wage industries are accounting for just 23 percent of the job losses but 49 percent of the job growth.

#14 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#15 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

#16 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

#17 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe? Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.

#18 In 2010, South Korea exported 12 times as many automobiles, trucks and parts to us as we exported to them.

#19 The United States now spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

#20 Since China entered the WTO in 2001, the U.S. trade deficit with China has grown by an average of 18% per year.

#21 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

#22 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

#23 In 2002, the United States had a trade deficit in "advanced technology products" of $16 billion with the rest of the world. In 2010, that number skyrocketed to $82 billion.

#24 Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.

#25 Since 2001, over 42,000 manufacturing facilities in the United States have been closed.

#26 There were more manufacturing jobs in the United States in 1950 than there are today.

#27 Since the year 2000, we have lost approximately 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs. Meanwhile, our population has gotten significantly larger.

#28 When you adjust wages for inflation, middle class workers in the United States make less money today than they did back in 1971.

#29 One recent survey found that 9 out of 10 U.S. workers do not expect their wages to keep up with soaring food prices and soaring gas prices over the next 12 months.

#30 Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.

#31 One out of every six elderly Americans now lives below the federal poverty line.

#32 According to one recent study, approximately 21 percent of all children in the United States were living below the poverty line in 2010.

#33 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid.

#34 As 2007 began, there were 26 million Americans on food stamps. Today, there are more than 44 million Americans on food stamps, which is an all-time record.

#35 Today, one out of every four American children is on food stamps.

#36 59 percent of all Americans now receive money from the federal government in one form or another.

#37 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.

#38 In the United States today, the richest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

#39 According to Moody's Analytics, the wealthiest 5% of all households in the United States now account for approximately 37% of all consumer spending.

#40 The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States.

The cold, hard reality of the matter is that the United States is experiencing a long-term economic decline.

Every single day, more American families fall out of the middle class and into poverty. There are millions of American families out there tonight that are just barely hanging on by their fingernails.

More Americans than ever are constantly borrowing more money just to stay afloat. Even as rampant unemployment plagues this nation and even as wages remain stagnant, middle class Americans are increasing their use of credit.

A CNBC article noted the increase in consumer borrowing that we have seen recently....

The Federal Reserve says consumer borrowing rose $5.1 billion following a revised gain of $5.7 billion in April. Borrowing in the category that covers credit cards increased, as did borrowing in the category for auto and student loans.

It is very hard to live "the American Dream" without going into huge amounts of debt these days.

But for an increasing number of Americans, "the American Dream" is just a distant memory.

Tonight, there are large numbers of people living in the tunnels under the city of Las Vegas. As the wealthy live the high life in the casinos and hotels above them, an increasing number of desperate "tunnel people" are attempting to carve out an existence in the 200 mile long labyrinth of tunnels that stretches beneath Vegas. It is a nightmarish environment, but it is all those people have left.

Don't look down on them, because you never know who might be next.

If you lost your current job, how long would you be able to survive?

Unfortunately, as bad as things are now, the reality is that this is just the beginning.

You ain't seen nothin' yet.

Do what you can to make sure that you and your family are not totally wiped out by the next wave of the economic collapse.



TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: 0bipartisan; bhoeconomy; default; economy; fail; jobs; middleclass; nobama2012; obama; obamadepression; police; socialism; socialistdemocrats; soros; teachers; unemployment

1 posted on 07/10/2011 6:25:27 PM PDT by SeekAndFind
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To: SeekAndFind

we will look like every other socialist state.

Big state-subsidized industries without much competition, super wealthy friends of the political class and the politicians all at the top

everyone else dirt poor.

Leftist utopia!!


2 posted on 07/10/2011 6:27:30 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: SeekAndFind

The media is selling us Jimmy Carter’s prognosis for the nation for the second time.

A good leader will turn this around in short order.


3 posted on 07/10/2011 6:29:18 PM PDT by DoughtyOne (F me, you, everybody, the new Dem/Pubie compromise. No debt reduction, + wild spending forever...)
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To: DoughtyOne
A good leader will turn this around in short order.

And everyone knows it, too.

4 posted on 07/10/2011 6:31:54 PM PDT by Talisker (History will show the Illuminati won the ultimate Darwin Award.)
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bump


5 posted on 07/10/2011 6:32:33 PM PDT by foreverfree
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To: SeekAndFind
There's nothing wrong with this country that sane economic, immigration and tax policy won't fix.

The biggest obstacles we have right now are the golf pro in lieu of a president sitting in the white house, a mostly Marxist congress , a bunch of useless czars and an army of bureaucrats. In other words our government is working against us.

6 posted on 07/10/2011 6:34:04 PM PDT by YankeeReb
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To: SeekAndFind

I have an idea... they wipe us out, then we wipe them out.


7 posted on 07/10/2011 6:36:36 PM PDT by Brilliant
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To: Talisker

In tem minutes.


8 posted on 07/10/2011 6:38:01 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: Brilliant

That is MAD!


9 posted on 07/10/2011 6:38:41 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: GeronL

Every two years. Remember that. It will happen slowly. But we will win. Sooner or later. Socialism never works.


10 posted on 07/10/2011 6:40:37 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: SeekAndFind

And we can THANK Obama’s entire economic team that left town under the cloak of darkness. All that Theory they’ve been teaching for decades blew up in their face, and they didn’t have the guts to stick around and face the music. We Get To face it...but THEY are “protected by tenure in Harvardland”!!!


11 posted on 07/10/2011 6:40:59 PM PDT by radioone (How Can an Obscure Guy Who Did Diddly Squat in the Senate Become President?)
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To: DoughtyOne
A good leader will turn this around in short order.

And they are out there in numbers just waiting to be known!

12 posted on 07/10/2011 6:42:01 PM PDT by EGPWS (Trust in God, question everyone else)
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To: YankeeReb

The first poketician that comes up with “trikle up poverty” wins the day.


13 posted on 07/10/2011 6:42:01 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: SeekAndFind

Barefoot, pregnant, unemployed and forever beholden to the Dems for scraps. Utopia indeed.


14 posted on 07/10/2011 6:45:40 PM PDT by Huskrrrr
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To: SeekAndFind; All

The solution is actually very easy...Get enough truly conservatives in office to lower coporate and personal taxes that will encourage US businesses to employ here.

LISTEN TO THIS.

I bought some Travelpro luggage via the internet last week. It’s beautiful luggage....the best I’ve ever owned. I bragged about it, showed it to my friends...Buying it through Amazon, I got a good price...didn’t pay tax on it... etc....

GUESS WHERE TRAVELPRO LUGGAGE IS MADE my friends?


15 posted on 07/10/2011 6:46:18 PM PDT by nikos1121
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To: screaminsunshine
The first poketician that comes up with “trikle up poverty” wins the day.

B.S.

All it takes is toilet paper to wipe the a$$ and flush (the beltway) and then start the process over with a better diet.

16 posted on 07/10/2011 6:46:29 PM PDT by EGPWS (Trust in God, question everyone else)
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To: screaminsunshine
Socialism never works.

Way too many have a fetish for it and sadly enough get away with their promotion when capitalism actually works and everyone becomes complacent with their freedoms.

17 posted on 07/10/2011 6:50:08 PM PDT by EGPWS (Trust in God, question everyone else)
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To: SeekAndFind

socialism is a poison, it just takes decades to kill it’s host.


18 posted on 07/10/2011 6:52:05 PM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: SeekAndFind

Whenever i read this propaganda, i realize we are right where the collectivists want us.I started my business at a time when you couldn’t buy a job. There was a time when the force generating the economy was, “Find a need and fill it.” Have all our needs been fulfilled? Isn’t there still work to do?
God help us find that we still can help ourselves


19 posted on 07/10/2011 6:53:01 PM PDT by griswold3 (Character is Destiny)
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To: EGPWS

Our fault?


20 posted on 07/10/2011 6:54:43 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: nikos1121

Where?


21 posted on 07/10/2011 6:55:04 PM PDT by davetex (All my weapons got melted by a meteor!! No Sh*t)
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To: nikos1121

Luxembourg?


22 posted on 07/10/2011 6:56:33 PM PDT by GnuHere
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To: davetex

Viet Nam


23 posted on 07/10/2011 6:56:42 PM PDT by nikos1121
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To: SeekAndFind
They can hire all the labor they want on the other side of the globe for a fraction of the cost. So the rich don't really have that much use for the working class in America anymore. The only thing of value that the working class had to offer has now been tremendously devalued.

First, I disagree with blaming "the Rich", which seems to be the focus of the first part of this article.

Back up and see that some of "the rich" got that way, a few pennies at a time, providing goods and or services to people who aren't "the rich". They weren't 'the rich' when they started, they had an idea and pursued it.

Walmart is a prime example.

The middle class created the demand for those services and items, and collectively, the middle class, even in dwindling numbers, can alter the equation.

If it isn't made here, leave it on the shelf.

Don't buy it.

Change the equation.

Demand things made here, and make the origin of the labor part of the equation. If the demand for American made is high enough, the rest will follow--as will jobs.

American jobs left because of a combination of regulation, taxation, and the consumer demand for 'cheaper', regardless of where 'cheaper' came from. Now, we are paying the price for 'cheaper'.

The other part of the equation is simple. Provide something the 'rich' want, and you're in business.

There are, of course, impediments, regulatory and otherwise, to be overcome.

The Marxists have been putting the squeeze on the Middle Class for decades. After all, without a maleable 'proletariat' their whole line of crap won't fly. Marxism sells best to peasants and people completely intellectually detached from the trenches of the workaday world, and relies on the dissatisfaction of the former to produce the violent upheavals needed to emplace a system even more onerous than the status quo.

Marketing the status quo as unliveable, unchangeable, and the result of someone else is key to fomenting unrest. Blame someone, and why not those who are the targets of collective envy?--even if they started out with far less.

The promise of 'fairness', of redistributed wealth from 'the rich' (which either does not happen, or, if evenly divided works out to a pittance per persson) is scant promise for a nation to sell its soul, but there are those who envision themselves living as if they were rolling in lucre, when in fact, Marxist 'equality' merely brings all (but the party elite) down to the same dirt-grubbing poverty and squalor while convincing (at gunpoint, if necessary) the masses they are so much better off.

We must ever guard against the fallacies inherent in that philosophy, and remove the impediments to creating wealth right here at home if our nation is to survive.

Whether the already-programmed masses of disaffected youth and discouraged elders and the race-baiters and professional victims can ever be salvaged is up to them, and I pray daily they will see the light. For as their numbers grow, the prognosis for this nation becomes ever more grim if they do not see that freedom from the lash of regulation and the chains of taxation is the key to economic emancipation, not the enslavement of those who have prospered providing what they, the masses, have demanded in the marketplace.

24 posted on 07/10/2011 6:58:24 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: griswold3

In history there are people who have had their clothes, food, housing and jobs provided to them.

We call those people “slaves”.


25 posted on 07/10/2011 6:59:09 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: SeekAndFind

There are many reasons for loss of “good” jobs. But I wonder if the 99 weeks (almost 2 years) of unemployment benefit is not one of them. I personally know 2 individuals who were laid off and decided to not look for jobs for several months because of the unemployment checks.

The other obvious reason of course is too many regulations on small businesses. The paper work required to run a small business is daunting.


26 posted on 07/10/2011 7:00:08 PM PDT by repub4ever1 (Capitalism is not perfect, but it beats all other systems hands down.)
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To: DoughtyOne
A good leader will turn this around in short order.

I agree, but the fact is, some states and parts of states are finished unless they strike oil.

Michigan, most of Ohio, Nevada outside of Las Vegas and Reno, most of California, much of the Carolinas and big chunks of Florida...they're not coming back in our lifetime.

Watch for the Great Lakes region to flood south and west over the next decade.

27 posted on 07/10/2011 7:06:38 PM PDT by buccaneer81 (ECOMCON)
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To: SeekAndFind

bfl


28 posted on 07/10/2011 7:09:11 PM PDT by Attention Surplus Disorder (Both sides need to put aside the partisan bickering, & work out how much free stuff I get)
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To: SeekAndFind
They [rich] can hire all the labor they want on the other side of the globe for a fraction of the cost. That's not the problem. If they move a factory overseas they can use that cheap labor TO SELL TO THE LOCALS. Unfortunately, the locals can't afford to make the stuff they sell.**

The swindle that has been perpetuated is that they can use that cheap labor and bribe the pols into lowering our tariffs so they can sell to the once lucrative American consumer market. Again, unfortunately, they laid off each others customers and the middle class pays for it.

**When Perot was running he showed a picture of a Ford plant in Mexico and asked "What's wrong with this picture?" I didn't see anything but a factory. He then pointed out that there were no parking lots - the workers were all bused in from the barrios as they couldn't afford to buy the cars they made.

29 posted on 07/10/2011 7:26:21 PM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: DoughtyOne

“A good leader will turn this around in short order.”

Having no leader would turn this around in short order.


30 posted on 07/10/2011 7:52:35 PM PDT by pieceofthepuzzle
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To: SeekAndFind

“Working class” suggests anyone with money is not working class and somehow gets their money for nothing.


31 posted on 07/10/2011 7:52:42 PM PDT by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: GeronL

some people make better slaves than others.
i will live for no man, nor ask another to live for me


32 posted on 07/10/2011 7:59:19 PM PDT by griswold3 (Character is Destiny)
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To: DoughtyOne
That's why I've said it feels like living the last two years of the Carter Administration right now.
33 posted on 07/10/2011 7:59:25 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: DoughtyOne
"A good leader will turn this around in short order. "

BS!

The electorate will not stand for the cuts necessary to turn this ship. We would have to cut at least 25% of the deficit every year for 4 years. $3260billion or better per year.

25% cuts to Medicare, Social Security and Medicaid.

It won't happen, I don't which or what party is in power.

It won't happen.

Collapse is the only outcome.

34 posted on 07/10/2011 8:15:31 PM PDT by Mariner (War Criminal #18)
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To: RayChuang88
That's why I've said it feels like living the last two years of the Carter Administration right now.

This is far worse. Thirty-two years ago we had a manufacturing infrastructure, 80% fewer illegal aliens, manageable government debt, no housing meltdown and probably 80% public participation in paying federal taxes.

35 posted on 07/10/2011 8:30:46 PM PDT by buccaneer81 (ECOMCON)
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To: Mariner
"A good leader will turn this around in short order. " BS!

Sadly, I must agree with you. The dependent class has too many votes. And every illegal that crosses the border will eventually add to that total.

If Reagan were alive today, yes, he could pull it off. But there is no Reagan today. Palin is the closest. She has Reagan's vision, but not his wide popularity. So Palin will not be able to get the job done, IMHO.

Collapse is the only outcome.

I'd bet against collapse, although it never hurts to prepare. More likely we'll drift into becoming a weak and flabby socialist state, with inner city riots every few years or so.

36 posted on 07/10/2011 8:32:37 PM PDT by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
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To: SeekAndFind

“They can hire all the labor they want on the other side of the globe for a fraction of the cost. So the rich don’t really have that much use for the working class in America anymore.”

Hmmm. All the electrical contractors in my area are firing all their employees, but I must have missed all the Asians they brought in to take their jobs. The boss must have been lying to me when he said government regulations and the threat of Obamacare were what was putting him out of business.


37 posted on 07/10/2011 9:32:16 PM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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To: SeekAndFind
.


.

38 posted on 07/10/2011 9:36:39 PM PDT by Cobra64 (Common sense isn't common anymore.)
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To: pieceofthepuzzle

To tell the truth, you’re probably right.


39 posted on 07/11/2011 12:12:13 AM PDT by DoughtyOne (F me, you, everybody, the new Dem/Pubie compromise. No debt reduction, + wild spending forever...)
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To: RayChuang88

RayChuang88, that’s a fairly good comment.

I think this guy is more devious, but he’s hell bent on taking this nation down, just like Carter thought he had.


40 posted on 07/11/2011 12:13:34 AM PDT by DoughtyOne (F me, you, everybody, the new Dem/Pubie compromise. No debt reduction, + wild spending forever...)
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To: Mariner

Mariner, in time you may be proven right.

We turn this economy around, put a rock solid lid on more spending and in five years we’ll be paying down the debt.

That’s my take, and you can hold me to it.

The one problem we have, is we still have public enemy number one in there, and he can do things that can’t be reversed.

It’s like holding stocks that tank. When the economy turns around, they’ll be worth a lot again. Then you get a guy like Obama, and he sells at the bottom to do you ‘a favor’.

That’s how he’s be governing.


41 posted on 07/11/2011 12:18:05 AM PDT by DoughtyOne (F me, you, everybody, the new Dem/Pubie compromise. No debt reduction, + wild spending forever...)
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To: Mariner

People still don’t understand that demographic tsunami that is approaching the country in the form of retiring baby boomers.

Unless the cuts to the entitlement programs are really severe, our SS/Mediscare spending will go up in the next 20 years. The number of claimants about to rise very quickly.

Couple that with the widespread and increasing duration of unemployment of the yutes that are supposed to be paying FICA taxes and the 25% cuts you’re suggesting will be necessary, but insufficient.

Now, none of the solutions that I see people increasingly proffering will actually increase employment. Cutting the government budget will increase unemployment levels as government employees are laid off. That’s OK in a philosophical sense, but it then creates yet another burden on the economy as all these people laid off start collecting unemployment, OR (if they’re old enough) they start taking Social Security payouts earlier than previously intended.

As I’ve been saying on many a thread now, the stuff that the GOP candidates are all offering to turn our economic situation around are necessary, but not sufficient. Not one of them has given anything resembling a coherent plant how they’re going to increase employment with increasing wages. Not one of them has breathed a word about the corruption in the financial sector. Somehow, the GOP field is truly ignorant abou the breadth and depth of financial corruption in the US markets and banking system.


42 posted on 07/11/2011 1:56:12 AM PDT by NVDave
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To: SeekAndFind

“many are now wondering if we are actually witnessing the slow death of the middle class.”
/////////////////////////////////////////////////////////////

Of course not! This is ridiculous nonsense, where do people get such crazy ideas? We are actually witnessing the RAPID DEATH of the middle class.


43 posted on 07/11/2011 5:33:35 AM PDT by RipSawyer (Trying to reason with a liberal is like teaching algebra to a tomcat.)
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To: SeekAndFind

Are all of the teachers, social workers, environmentalists, lawyers, regulatory employees and most of the police in your locale laid off, yet? Are your property taxes way down? Has your HOA ceased bothering to have meetings? If not, then the consequence of their stealing and spending hasn’t progressed far enough for a good housecleaning.


44 posted on 07/11/2011 2:27:56 PM PDT by familyop (Shut up, and eat your brains!)
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To: GeronL

Big socialism cannot continue without a large manufacturing base while making its currency increasingly worthless. Leadership will be replaced in all levels of politics, business and academia several times, until a reversal is accomplished. A greater degree of morality and willingness for hard work will prevail in the eventual outcome, because those are the foundations of survivability for a country.

Nearly all contemporary politicos disagree angrily with that, and we (truly private interests) are aware as to why.


45 posted on 07/11/2011 2:36:10 PM PDT by familyop (We Baby Boomers are croaking in a thunderous avalanche of rottenness smelled around the earth.)
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To: familyop

The problem with modern leftists is that they want capitalism to fund their programs even after they kill all the capitalists.

It ain’t ever gonna work.


46 posted on 07/11/2011 2:45:04 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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47 posted on 07/11/2011 3:00:45 PM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list.)
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To: GeronL
"The problem with modern leftists is that they want capitalism to fund their programs even after they kill all the capitalists.

It ain’t ever gonna work.


Very well said, and I agree with that 100%. After their default and a few retries to install their kinds of leaders, they won't have any wealth with which to control politics (not even foreign wealth or monetization). We'll continue to prepare for now, become more technically inclined, and rebuild.


48 posted on 07/11/2011 3:02:00 PM PDT by familyop (We Baby Boomers are croaking in a thunderous avalanche of rottenness smelled around the earth.)
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To: familyop

This could be considered a related thread:

http://www.freerepublic.com/focus/f-news/2746978/posts


49 posted on 07/11/2011 3:08:28 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: SeekAndFind

truth


50 posted on 07/11/2011 4:10:20 PM PDT by dennisw (NZT - "works better if you're already smart")
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