The Recession Is OVER For The RICH... But Not For YOU!

[GregW]

Britain is a fine example of an economy that turned a failing Empire into a bipolar society. A few have 90% of the wealth and the rest survive on the dole. At least they have a dole. I think they figured a dole is less costly than a revolution.

We have a year of unemployment and then you can go starve for all corporate America or the bought and paid for politicians care. As far as I can figure Wal-mart destroyed more local employment that it ever created. This is extended to the factories that had to close because Wally world found cheaper suppliers in China that stretch their products using poisons and produce things using slave labor.

At least in Scandinavia you can find a job and not worry about your family’s health care if the company folds and you lose the job. I do not want my financial security dependant on anyone else. I had to fold a business because of Republican policies under Raygun and I keep grudges for a very long time.

I still maintain the vast fortunes of this country (Bush, Coors, Kennedy, Rockefeller, etc.) manipulate the politics and economy for their benefit to the detriment of the rest of us.

PS - the recession NEVER HAPPENED for the really wealthy. They never had to worry about where the rent and supper were coming from.

[NCyank]

Originally Posted by GregW

PS - the recession NEVER HAPPENED for the really wealthy. They never had to worry about where the rent and supper were coming from.

Most middle class folks, if properly prepared, could ride out a recession as well. We have, lots of folks have...just ripples in a pond. It's not about being rich, it's about being smart. The truly poor have the government (as well as private charities) to rely on. Many of those affected are those who are unprepared in general. ANY little ripple will knock them off the raft because the raft is poorly constructed. Some of these folks are learning hard but valuable lessons. Maybe they will make long term changes to provide more stability in their lives so future economic ripples do not result in tidal waves on a personal level. In that case there would be a great long term benefit to the short term turbulence and next time they'll fare much better. I'm very glad that we learned our hard lessons years ago, we weren't always prepared.

[Cyber Queen]

Originally Posted by HappyTexan

Given the current job market, people who aren't layed off are not only picking up the slack but they are doing it with less pay and less hours and no 401K match and they might complain but they still trudge into work each day.
Slaves to "the man" as they need the paycheck. As long as corporations can get away with it they will. And if it works this good in a "recession" then it should work twice as good in good times. See where I'm going with this ?

Those jobs won't come back unless the economy not only recovers but we start the bubbles and loose credit up all over again. I just don't see that happening in the next 3-5 years.

I agree. I don't hold animosity towards corporations because without them we have no jobs at all but it is wrong when take advantage. Unfortunately it is all part of running a business albeit sad.

[doc1]

Originally Posted by KevK

Oh, I forgot the rich are so vastly superior to everybody else!

No, they're richer.