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Old 07-26-2010, 12:18 AM
 
Location: Lower East Side, Milwaukee, WI
2,945 posts, read 4,147,650 times
Reputation: 1113

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Quote:
Originally Posted by GLS2010 View Post
Regulation is what is hurting the middle class! The government doesn't create jobs, the people do. The government has made it nearly impossible to do business because of all the regulations. People like you are the reason why the US is doing so poorly. Leave the US if you can't handle capitalism!
If we were truly a capitalist society, then we wouldn't allow bank bailouts, corporate welfare, or farm subsidies.
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Old 07-26-2010, 09:11 AM
 
291 posts, read 652,653 times
Reputation: 277
Quote:
Originally Posted by GLS2010 View Post
Regulation is what is hurting the middle class! The government doesn't create jobs, the people do. The government has made it nearly impossible to do business because of all the regulations. People like you are the reason why the US is doing so poorly. Leave the US if you can't handle capitalism!
The lack of regulations is what caused the financial fiasco that has lead to the downward mobility in America. Without proper regulations we permited wall street to gamble on risks and public companies to oiutsource good paying jobs to prop up thier bottom line.
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Old 07-26-2010, 12:14 PM
 
Location: Florida
4,186 posts, read 10,298,476 times
Reputation: 1589
Quote:
Originally Posted by jjacobeclark View Post
If we were truly a capitalist society, then we wouldn't allow bank bailouts, corporate welfare, or farm subsidies.
thats my point
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Old 07-26-2010, 12:49 PM
 
Location: Hernando County, FL
8,488 posts, read 17,934,538 times
Reputation: 5397
Quote:
Originally Posted by PittNewbie View Post
In denial? keep believing the lies.
A few things from the article.

He only compares to other time frames when it suits his viewpoint.

Notice he didn't bring up any other time frame when saying that 83% of stock is owned by 1% of the people. If you look at his chart in 1962 94% of all stock was owned by the top 1%. In 1998 it was 86%.

And "24 percent of American workers say that they have postponed their planned retirement age in the past year.". Thank you Captain Obvious, we are in a recession.

I didn't delve much further, not worth the time.
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Old 07-26-2010, 12:52 PM
 
20,976 posts, read 16,258,860 times
Reputation: 10270
Don't worry. Under the Obama administration, we'll all meet somewhere between poor and destitute.

But there will be equality!
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Old 07-26-2010, 10:24 PM
 
291 posts, read 652,653 times
Reputation: 277
Right Blame it on Obama. Is it because he is Black??? ( and half black at that).

Can you imagine anyone that has to spend the effort in cleaning up after that stupid S.O.B Republican BUSH and Cheney?

You want more of that garbage?

Last edited by PittNewbie; 07-26-2010 at 10:53 PM..
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Old 07-26-2010, 11:00 PM
 
Location: Orange County, CA
1,831 posts, read 1,947,143 times
Reputation: 879
Quote:
Originally Posted by jjacobeclark View Post
LOL @ the highlighted statement. Those "middle-income" suburbanites are the same crooks who go to work on Wall Street and gamble away our retirement pensions, all while receiving massive gov't handouts. Our country privatizes profit and socializes losses. It's a great system for those at the top, but not so much for people on the bottom like me.
If it weren't for Federal research grants and the military, his beloved Silicon Valley, in fact the IT industry in general, would have never gotten off the ground.
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Old 07-27-2010, 05:58 AM
 
Location: Hernando County, FL
8,488 posts, read 17,934,538 times
Reputation: 5397
Quote:
Originally Posted by PittNewbie View Post
Right Blame it on Obama. Is it because he is Black??? ( and half black at that).

Can you imagine anyone that has to spend the effort in cleaning up after that stupid S.O.B Republican BUSH and Cheney?

You want more of that garbage?
Just throw that race card out there for no reason at all.
Good call.
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Old 07-27-2010, 06:16 AM
 
Location: Soon to be Southlake, TX
648 posts, read 1,416,726 times
Reputation: 379
The middle class seems to be much existent in Texas and thriving.
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Old 07-27-2010, 06:22 AM
 
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,171 posts, read 12,794,440 times
Reputation: 4047
Quote:
Originally Posted by RussianIvanov View Post
The middle class seems to be much existent in Texas and thriving.
This is honestly true, in Texas it feels like it is largely middle class. And yes, you are right, this was the state that said "Huh, what recession?" the whole time.
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