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Old 07-27-2010, 09:51 AM
 
Location: East Coast of the United States
17,259 posts, read 19,555,335 times
Reputation: 13033

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If you live in the DC area, it feels like people around you have largely become upper-middle class. And those that didn't are either living in the hood, moved way out in the distant suburbs or are newly arrived illegal immigrants.
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Old 07-27-2010, 10:51 AM
 
Location: Lower East Side, Milwaukee, WI
2,945 posts, read 4,150,737 times
Reputation: 1113
Quote:
Originally Posted by alphamale View Post
Don't worry. Under the Obama administration, we'll all meet somewhere between poor and destitute.

But there will be equality!
The Great Recession began in 2007, a full two years before Obama took office.
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Old 07-27-2010, 11:13 AM
 
7,598 posts, read 9,455,321 times
Reputation: 8962
Quote:
Originally Posted by hsw View Post
Meaningless stats

Define middle income and define a middle income standard of living (US middle-income suburbia often has a superior SOL vs allegedly wealthy SOL in EU/Asia)

And consider how many of today's wealthiest in US are relatively young guys who grew up in middle-income suburbia all over US and figured out how to make a few bucks without handouts from daddy or other taxpayers

Nowhere in world has as much upward mobility as does US for those willing to work to achieve, despite what commies in media/govt would like to claim

Entitlement nonsense is stuff of a welfare state, like US' unionized gvt "workers" or EU slackers
Wall Street is the Welfare State, personified. Put your hands back into your pockets, and try doing something constructive with your time.
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Old 07-27-2010, 11:41 AM
 
Location: Lower East Side, Milwaukee, WI
2,945 posts, read 4,150,737 times
Reputation: 1113
Quote:
Originally Posted by GLS2010 View Post
thats my point
No it wasn't. Here's what you posted:
Quote:
Originally Posted by GLS2010 View Post
Leave the US if you can't handle capitalism!
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Old 07-27-2010, 01:16 PM
 
Location: Soon to be Southlake, TX
648 posts, read 1,417,595 times
Reputation: 379
Quote:
Originally Posted by jjacobeclark View Post
The Great Recession began in 2007, a full two years before Obama took office.
And the savior has done nothing but rack up vacations. It must be nice taking 20 vacations a month when millions of Americans are unemployed. Using our tax dollars to vacation in Hawaii is real good for our deficit yes?
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Old 07-27-2010, 09:05 PM
 
Location: Lower East Side, Milwaukee, WI
2,945 posts, read 4,150,737 times
Reputation: 1113
Quote:
Originally Posted by RussianIvanov View Post
And the savior has done nothing but rack up vacations. It must be nice taking 20 vacations a month when millions of Americans are unemployed. Using our tax dollars to vacation in Hawaii is real good for our deficit yes?
President Bush's Vacation Habits : NPR
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Old 07-27-2010, 09:06 PM
 
129 posts, read 162,404 times
Reputation: 80
Corporations and businesses are the lifeblood of our country, not the middle class. You can't have a middle class without a strong private sector. The dwindling middle class is because the government and welfare state are encroaching on the private sector, not the other away around. If you hurt businesses, you hurt the middle class. If you grow the governement, the innovation and private jobs that drives and sustains is sucked away by beaurocrats and welfare bums.

Besides, the majority of our problems are caused by the real estate bubble wich was caused by Fannie and Freddie by allowing banks to make bad loans (largely encouraged by the Community Reinvestment Act from the Clinton years) and then offload them on the government secured "companies".
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Old 07-27-2010, 09:08 PM
 
20,976 posts, read 16,270,353 times
Reputation: 10270
Quote:
Originally Posted by jjacobeclark View Post
The Great Recession began in 2007, a full two years before Obama took office.
Hmmm.....right about the time the dems took over congress.
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Old 07-27-2010, 09:19 PM
 
129 posts, read 162,404 times
Reputation: 80
^Exactly. Even if the Dems don't do anything, the mere presense of them in power started us on the road to recession. The fact that their platform threatens private businesses can make businesses to stop growing. It's called business psychology. If the party in power threatens to reduce private sector rewards, the private sector will take less risk. Taking less risk means less inovation and less innovation means halted growth in the private sector. If the private sector stops growing, that's called a reccession.

Without this growth propping up the government inflated real estate market, the bubble broke and all hell broke lose.

Also enough with this vacation stuff. Presidents from both parties have always taken vacations and always will. Do you expect them to take no breaks ever? All this is is a distraction from the real issues which is progressive policies are killing the private sector and thus destroying our economy.
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Old 07-27-2010, 09:26 PM
 
291 posts, read 653,094 times
Reputation: 277
Americans are like crabs in a kettle over a slow burner. The water is getting hotter and you are all clueless.

If this was Europe or anywhere else people will be marching down Wall Street.

We should have pulled George Bush, Karl Rove and Dick Cheney out of the white house and flogged them in public on the mall for all the mess that they got us into.

And now that we have an intelligent president who just happens to be black, all of these frustrated white men with a sense of entitlement , tag all the problems on him.

Last edited by PittNewbie; 07-27-2010 at 09:34 PM..
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