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...right, people have no disposable income because of Obama.
You guys are either 12 years old, Fox News devotees, or really naive/uninformed..or all of the above.
You want to know what we are dong with our disposable income? We are plowing it into our house to pay off our mortgage. No one knows what the future holds with Obama and his love for taxes. Inflation is coming and most people can see it from a mile away.
Businesses are waiting to see how big a bite taxes will take away from them before they expand. It's like Steve Wynn said--nothing will move until Obama is gone.
Businesses are waiting to see how big a bite taxes will take away from them before they expand.
That would make no business sense. Taxes are based on profit, and businesses expand or contract primarily due to perceived demand.
I don't think you can find a business owner out there who has customers lining up and has a business rationale to expand, but is deciding not to do so because of "taxes."
That'd be like finding a $100 bill on the sidewalk, but deciding not to pick it up because you think you might find two of them on a different sidewalk.
That's some kind of logic... but it's not a businessman's logic.
I’m 46 and I come from a working class background and a small city that’s within the rustbelt. Since I was a boy, I’ve seen nothing that would lead me to believe that we’ve ever come out of a recession that seems to be lasting for three or four decades now.
Jobs have been leaving this country since the late 50s, so that by the middle 70s, I could see the evidence within my city. Abandoned factories began popping up. By the middle 80s, they were nearly all gone. The few holdouts in the neighboring counties all disappeared by the mid 90s. What replaced them were warehouses that paid significantly less per hour than the factories. While the wage went down, the cost of goods and services went up.
Once we bled our manufacturing jobs, those people had to go on the dole or take jobs that paid a lot less, so they could no longer afford many services and goods. It’s a ripple effect.
As I walk around the small cities and towns, I see one abandoned house after the other with sheriff sale signs becoming the norm. When I cycle around the countryside, I see all sorts of homes that are also up for auction due to mortgage defaults.
The evidence is all around you that things are worse today than they were ten years ago. Ten years ago, things were far worse than they were in the 50s through the 70s. People seem to be stuck on stupid that we live better today because we have cars with a/c, cell phones, and all those electronic gadgets that are supposed to make our lives better, but we’ve really become enslaved to this useless technology that’s made abroad.
The story I’m about to tell is similar to many of the people I’ve known when I was a kid, as well as my mom and dad’s many friends. In 1965, my dad bought a brand new Pontiac Tempest for 2,200 dollars. He also bought a modest semi detached home in the suburbs immediately next to a small city. He paid 5,000 dollars for the house. The note on the car was for 18 months and the mortgage was for 10 years. He spent 7,700 dollars on these two major purchases, and he earned 7,500 dollars while working at the Bethlehem Steel Corporation. He also supported a non-working wife and two small children under the age of five. This was a job that was readily available to anybody that was capable of hard manual labor. Try doing that today. Moreover, for the example I used with my father, jobs like his were plentiful, and one didn’t even need a high school diploma to secure said employment. At that time, nothing was out of reach for the common working man, so I have to ask, what evidence are you seeing that tells you how the economy isn’t that bad. It’s far worse today than it was 30, 40, and 50 years ago. Open your eyes.
I could go on and on providing not just anecdotal evidence, but all sorts of other articles and common sense that all point to the fact that America is quickly becoming a 3rd world nation, police state, and imperialistic nation.
For those that wanted to go to college, in 1970, one could work part-time and pay their way through college. I mean minimum wage! They could pay their own way. I don’t mean live at home with mom and dad getting free room and board, I mean they actually paid for everything they needed to live, paid their own tuition, and attended college on a part-time minimum wage job. Try that today.
Yea, the economy isn’t that bad today… By the way, it’s not called whining, it’s called stating the facts.
I’m 46 and I come from a working class background and a small city that’s within the rustbelt. Since I was a boy, I’ve seen nothing that would lead me to believe that we’ve ever come out of a recession that seems to be lasting for three or four decades now.
Jobs have been leaving this country since the late 50s, so that by the middle 70s, I could see the evidence within my city. Abandoned factories began popping up. By the middle 80s, they were nearly all gone. The few holdouts in the neighboring counties all disappeared by the mid 90s. What replaced them were warehouses that paid significantly less per hour than the factories. While the wage went down, the cost of goods and services went up.
Once we bled our manufacturing jobs, those people had to go on the dole or take jobs that paid a lot less, so they could no longer afford many services and goods. It’s a ripple effect.
As I walk around the small cities and towns, I see one abandoned house after the other with sheriff sale signs becoming the norm. When I cycle around the countryside, I see all sorts of homes that are also up for auction due to mortgage defaults.
The evidence is all around you that things are worse today than they were ten years ago. Ten years ago, things were far worse than they were in the 50s through the 70s. People seem to be stuck on stupid that we live better today because we have cars with a/c, cell phones, and all those electronic gadgets that are supposed to make our lives better, but we’ve really become enslaved to this useless technology that’s made abroad.
The story I’m about to tell is similar to many of the people I’ve known when I was a kid, as well as my mom and dad’s many friends. In 1965, my dad bought a brand new Pontiac Tempest for 2,200 dollars. He also bought a modest semi detached home in the suburbs immediately next to a small city. He paid 5,000 dollars for the house. The note on the car was for 18 months and the mortgage was for 10 years. He spent 7,700 dollars on these two major purchases, and he earned 7,500 dollars while working at the Bethlehem Steel Corporation. He also supported a non-working wife and two small children under the age of five. This was a job that was readily available to anybody that was capable of hard manual labor. Try doing that today. Moreover, for the example I used with my father, jobs like his were plentiful, and one didn’t even need a high school diploma to secure said employment. At that time, nothing was out of reach for the common working man, so I have to ask, what evidence are you seeing that tells you how the economy isn’t that bad. It’s far worse today than it was 30, 40, and 50 years ago. Open your eyes.
I could go on and on providing not just anecdotal evidence, but all sorts of other articles and common sense that all point to the fact that America is quickly becoming a 3rd world nation, police state, and imperialistic nation.
For those that wanted to go to college, in 1970, one could work part-time and pay their way through college. I mean minimum wage! They could pay their own way. I don’t mean live at home with mom and dad getting free room and board, I mean they actually paid for everything they needed to live, paid their own tuition, and attended college on a part-time minimum wage job. Try that today.
Yea, the economy isn’t that bad today… By the way, it’s not called whining, it’s called stating the facts.
Well, this whole phenomenom made some wall st guys and CEOs extraordinarily wealthy. What, you want your government to make public policy based on your and the other 99% of the countries interest? You must be a Socialist.
Do you live under cave? Have you been hiding in a nuclear bomb shelter since 2005 or something? The economy is not fine. We are $14.5 trillion in debt. Do you know how much a trillion is? We have 14 million people out of work. There are like 7 million 99ers now. Oh, yeah, and I see foreclosure signs up all over the place. Then, there are all those "For Lease" signs up in front of businesses. In my area, Blockbuster, Borders, and one mall store have closed.
Maybe you should go check out the unemployment forum. There are a few people over there who have been out of a job for 108, 150 weeks, and even three years.
I’m 46 and I come from a working class background and a small city that’s within the rustbelt. Since I was a boy, I’ve seen nothing that would lead me to believe that we’ve ever come out of a recession that seems to be lasting for three or four decades now.
Jobs have been leaving this country since the late 50s, so that by the middle 70s, I could see the evidence within my city. Abandoned factories began popping up. By the middle 80s, they were nearly all gone. The few holdouts in the neighboring counties all disappeared by the mid 90s. What replaced them were warehouses that paid significantly less per hour than the factories. While the wage went down, the cost of goods and services went up.
Once we bled our manufacturing jobs, those people had to go on the dole or take jobs that paid a lot less, so they could no longer afford many services and goods. It’s a ripple effect.
As I walk around the small cities and towns, I see one abandoned house after the other with sheriff sale signs becoming the norm. When I cycle around the countryside, I see all sorts of homes that are also up for auction due to mortgage defaults.
The evidence is all around you that things are worse today than they were ten years ago. Ten years ago, things were far worse than they were in the 50s through the 70s. People seem to be stuck on stupid that we live better today because we have cars with a/c, cell phones, and all those electronic gadgets that are supposed to make our lives better, but we’ve really become enslaved to this useless technology that’s made abroad.
The story I’m about to tell is similar to many of the people I’ve known when I was a kid, as well as my mom and dad’s many friends. In 1965, my dad bought a brand new Pontiac Tempest for 2,200 dollars. He also bought a modest semi detached home in the suburbs immediately next to a small city. He paid 5,000 dollars for the house. The note on the car was for 18 months and the mortgage was for 10 years. He spent 7,700 dollars on these two major purchases, and he earned 7,500 dollars while working at the Bethlehem Steel Corporation. He also supported a non-working wife and two small children under the age of five. This was a job that was readily available to anybody that was capable of hard manual labor. Try doing that today. Moreover, for the example I used with my father, jobs like his were plentiful, and one didn’t even need a high school diploma to secure said employment. At that time, nothing was out of reach for the common working man, so I have to ask, what evidence are you seeing that tells you how the economy isn’t that bad. It’s far worse today than it was 30, 40, and 50 years ago. Open your eyes.
I could go on and on providing not just anecdotal evidence, but all sorts of other articles and common sense that all point to the fact that America is quickly becoming a 3rd world nation, police state, and imperialistic nation.
For those that wanted to go to college, in 1970, one could work part-time and pay their way through college. I mean minimum wage! They could pay their own way. I don’t mean live at home with mom and dad getting free room and board, I mean they actually paid for everything they needed to live, paid their own tuition, and attended college on a part-time minimum wage job. Try that today.
Yea, the economy isn’t that bad today… By the way, it’s not called whining, it’s called stating the facts.
It's actually a compounding effect.
Thanks for the information.
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