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It has everything to do with poverty. If you have the wealthy getting more wealthy while everyone else sees their income drop, that will increase poverty. Basic economics 101 shouldn't be that hard to grasp.
They are hoarding their profits, because no one wants to take risks, or expand, or invest in this 0bama, zero growth, heavily regulated, erratic economy, with a government headed by a private enterprise unfriendly, incompetent president.
The smaller businesses are collapsing, and the big, well established companies are profiting because they are becoming the only game in town.
The left are bankrupt of ideas, that's why he posts meaningless, off topic deflections. We are pointing out the devastation poverty and unemployment are doing to the country, and 'Sucks is happy that the gap between rich and poor is so high.
'Sucks: Looky!!! 0bama is making the rich Wall Street fat cats richer. So who cares about extended high unemployment or the 50 year high in US poverty.
Wow, the right wingers have mirrors they're looking into and describe the rest of the world by what they see in the mirror. How kewl!
On Sunday evening, we stood behind a hispanic woman who used two WIC vouchers for formula, milk, cheese, eggs, etc. Immediately after those two transactions, she purchased 5 different boxes of ice cream.....with Food Stamps. This put me in a weird dilemma mentally. Should I be more piissed at her for not paying a single penny for the food that she consumes via two different government handout programs....or would I be more piiissed if she had used real currency to purchase all that ice cream while sucking off the government teet to feed her children??????
Either way, all I could do is thank God that I have never had to accept a single penny of government welfare assistance.
They are hoarding their profits, because no one wants to take risks, or expand, or invest in this 0bama, zero growth, heavily regulated, erratic economy, with a government headed by a private enterprise unfriendly, incompetent president.
The smaller businesses are collapsing, and the big, well established companies are profiting because they are becoming the only game in town.
Funny how when kids take their ball and go home, they're brats, and when adults do the same they're just being prudent.
Poverty and the income gap has a lot to do with depreciation of the dollar and appreciation of equities. Lower and middle income workers tend to hold their savings conservatively in low interest savings accounts and other cash vehicles incurring a measly interest rate much less than inflation. Upper middle class and the rich hold theirs in equities and financial instruments which easily return inflation, plus capital gains and dividend returns. As equities markets have exploded, the rich are definitely getting richer.
If you want to see the middle class return strong, you need to stop keeping interest rates low and allow low and middle income workers to invest their savings in a savings account at 5-6% like it was when I was a kid.
Is that good for the lowest-paid workers who have zero savings?
I come back every once in awhile to remind me that poor people are poor for a reason, its because they dont know how the real world works..
??? How does knowing how the world works make one not poor? If you have no money and no assets and no skills, knowing how the world works isn't going to put money and assets in your hands.
On Sunday evening, we stood behind a hispanic woman who used two WIC vouchers for formula, milk, cheese, eggs, etc. Immediately after those two transactions, she purchased 5 different boxes of ice cream.....with Food Stamps. This put me in a weird dilemma mentally. Should I be more piissed at her for not paying a single penny for the food that she consumes via two different government handout programs....or would I be more piiissed if she had used real currency to purchase all that ice cream while sucking off the government teet to feed her children??????
Either way, all I could do is thank God that I have never had to accept a single penny of government welfare assistance.
Yes, you can thank God or whoever for that, because I've seen Republicans who have the same view you do, end up on welfare and food stamps, and it's not pretty. They suddenly hide all their disdain for those on food stamps and welfare, so conveniently.
Is that good for the lowest-paid workers who have zero savings?
For someone with 0 savings, the point would be moot because they have neither interest bearing accounts or financial instruments. What exactly is your point? Disagreement for the sake of starting a disagreement?
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Poverty Spikes To 1960's Level----Thank you Obama
Disagreement for the sake of starting a disagreement?