Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It's this. Old people who are clueless and adopt any rumor they hear and then run with it. For example, this Grumpy Old Man believes his president is a communist. He heard some talking head say that and was impressed, so now he parrots it back. Multiply that by thousands of similar Grumpy old men and it starts to look like truth. Soon they will be gone and we can move on.
As if politicians of any stripe are going to come out and tell us the true agenda they represent. The conservatives represent the warfare state and the liberals represent the welfare state (another nice way of saying communism...basically a way of bribing people into giving up their liberty/freedom).
Both sides are doing the same thing...taking away freedom and centralizing power and control in the hands of fewer and fewer people. Each side is just burning away the candle of freedom from opposite ends.
I think one of the things that's seriously disturbing is that although many people "took a licking" in the Great Recession, many did not learn the lessons you did.
This is what I'm thinking, too. The savings rate isn't even 5%. I think the Great Recession only woke up a minority of people.
LOL! It's the "free market" at work. The lynchpin of glorious capitalism is telling some firms in some industries to scale back. As others ramp up.
We don't have free market capitalism. That is the problem. I wish people would stop saying we have free markets when we don't. We have corporate cronyism....and, no.....the answer to corporate cronyism isn't socialism...those are 2 sides of the same coin. We need a REAL free market economy with REAL competition.
We don't have free market capitalism. That is the problem. I wish people would stop saying we have free markets when we don't. We have corporate cronyism....and, no.....the answer to corporate cronyism isn't socialism...those are 2 sides of the same coin. We need a REAL free market economy with REAL competition.
It's usually people not in "the market" as in their not the ones directly competing (owners). I'm not complaining about our system even now publicly, but to say that its "free" isn't necessarily true. It's not like that.
There's some industries in particular that are anything but.
...Consumers can't spend money they don't have, so if the trend continues, there's no reason to expect biz revenues to increase...
I heard an interesting segment on CNBC this morning from JP Morgan Chase -- They use actual transaction data from 25 million credit card & debit card holders, tracking the spending habits. Gasoline prices have declined a fair bit, and consumers are spending quite a bit less than they used to on fuel. That isn't new news, of course. What's new is tracking where those savings went -- not by survey data, but by actual transactions.
They found 80% of the savings was spent -- and mostly at restaurants. A bit was spent at grocery stores and department stores. But most of it was spent at restaurants.
On a regional basis, people in the South and the Mid-West benefited the most, and the benefit has been progressive (not regressive). The less affluent have benefited the most.
We don't have free market capitalism. That is the problem. I wish people would stop saying we have free markets when we don't. We have corporate cronyism....and, no.....the answer to corporate cronyism isn't socialism...those are 2 sides of the same coin. We need a REAL free market economy with REAL competition.
+1 Totally on point. We have a Oligarchy where a few people control the Bank and have a Monopoly on assets. Just play a game of Monopoly where one player has unlimited access to the Bank and you'll understand our "economy".
We have a Oligarchy where a few people control the Bank and have a Monopoly on assets.
LOL! You're so funny! That's just silly.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The conservatives represent the warfare state and the liberals represent the welfare state (another nice way of saying communism...basically a way of bribing people into giving up their liberty/freedom). 
