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Old 03-05-2013, 08:09 PM
 
Location: Philadelphia Area
1,720 posts, read 1,317,214 times
Reputation: 1353

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Saw this fluff propaganda piece tonight on ABC World News with Diane Sawyer and was surprised that even in the in the midst of their "Pravada" level journalistic piece they admitted that there are LESS jobs today than 2007! I'm skeptical of their 12 million number too. That's probably the amount of people actually collecting checks. Anyway here it is:

Dow Jones Industrial Average Has Record Close - ABC News

What's scary for the average citizen is that according to the establishment this economy has recovered and is humming along but with that average income dropped to a low not seen since 1993 levels and it's not translating to more jobs as more automation and outsourcing take place.

I guess the moral of the story is get into the top 10-20% of earners and wealth holders in this country or forever hold your piece. Or in other words if you're in the lower 80%, "You be f*****d!"
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Old 03-05-2013, 08:23 PM
 
Location: Los Angeles County, CA
29,094 posts, read 26,024,945 times
Reputation: 6128
Pretty much.

This is what the Obama worshippers don't want you to know.
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Old 03-05-2013, 08:24 PM
 
Location: Great State of Texas
86,052 posts, read 84,531,102 times
Reputation: 27720
Yet another "jobless" recovery ?

How many of them can we have ?
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Old 03-05-2013, 08:31 PM
 
Location: Philadelphia Area
1,720 posts, read 1,317,214 times
Reputation: 1353
Quote:
Originally Posted by HappyTexan View Post
Yet another "jobless" recovery ?

How many of them can we have ?
Apparently a lot! Like 5 or 6 years worth! Welcome to the global economy. Where the top can live quite well selling to the world and shipping jobs overseas while it translates to practically nothing for the domestic economy and the citizens who depend on it for their living.
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Old 03-05-2013, 08:34 PM
 
Location: Great State of Texas
86,052 posts, read 84,531,102 times
Reputation: 27720
Quote:
Originally Posted by CK78 View Post
Apparently a lot! Like 5 or 6 years worth! Welcome to the global economy. Where the top can live quite well selling to the world and shipping jobs overseas while it translates to practically nothing for the domestic economy and the citizens who depend on it for their living.
That's why we have expanded social welfare programs isn't it ?
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Old 03-05-2013, 08:34 PM
 
Location: San Francisco
8,982 posts, read 10,468,275 times
Reputation: 5752
It's called "productivity."
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Old 03-05-2013, 08:35 PM
 
Location: Great State of Texas
86,052 posts, read 84,531,102 times
Reputation: 27720
Quote:
Originally Posted by pch1013 View Post
It's called "productivity."
With a heavy dose of "offshoring"
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Old 03-05-2013, 08:38 PM
 
Location: Los Angeles County, CA
29,094 posts, read 26,024,945 times
Reputation: 6128
Liberals will ignore the fact that President Obama hasn't created a single job.
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Old 03-05-2013, 08:41 PM
 
Location: Philadelphia Area
1,720 posts, read 1,317,214 times
Reputation: 1353
Another illustration of our "economy". From ABC News Nightline, IF someone buys it, "It will not be a second home for somebody, it would be a third, a fourth, a FIFTH OR SIXTH home." That they would live in for maybe a couple months a year.

Welcome to your Banana Republic.

'Godfather' Mansion for Rent: $600,000 a Month | Video - ABC News
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Old 03-05-2013, 08:49 PM
 
Location: Chicago, IL
9,701 posts, read 5,117,283 times
Reputation: 4270
Quote:
Originally Posted by Harrier View Post
Pretty much.

This is what the Obama worshippers don't want you to know.
Liberals on this site have been posting chart after graph after report about this. This is the capitalism that CONSERVATIVES have been clamoring for. Every measure that Liberals have advocated for fixing this gets rejected by Conservatives.

Conservatives need to stop lying and just admit it: our economic picture is fine in their books.
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