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Post by The Great Aztec Joe on Jul 17, 2010 6:09:56 GMT -8
83 percent of all U.S. stocks are in the hands of 1 percent of the people.Controlling the wealth of America ? top 1 percent control 83 percent of U.S. stocks. As a share of personal income mortgage debt ate up 19 percent in 1949. In 2003 it went up to 85 percent. 80 percent of Americans 65 years and older depend on Socia61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.News Headlines66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.The United States bubble economy and lessons from Japan | Harvard Magazine Jul-Aug 201036 percent of Americans say that they don't contribute anything to retirement savings.News HeadlinesA staggering 43 percent of Americans have less than $10,000 saved up for retirement.Most Americans still unprepared for retirement - survey - Mar. 9, 201024% of American workers say that they have postponed their planned retirement age in the past yearMost Americans still unprepared for retirement - survey - Mar. 9, 2010Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 20081.41 Million Americans Filed for Personal Bankruptcies in 2009 a jump of 32 Percent from 2008. More and More Average Americans Resorting to Bankruptcy even with Tougher Rules to File.Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975Are the Rich Getting Richer? The Data Say Yes - DailyFinanceFor the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put togetherRead endoftheamericandream.com/archives/living-the-dream-what-do-you-own-reallymore: In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to oneAmerica's Race To The Bottom | The Smirking ChimpAs of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.Are the Rich Getting Richer? The Data Say Yes - DailyFinanceThe bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.*Finance 101: Blame the Poor***** : Information Clearing House -* ICHAverage Wall Street bonuses for 2009 were up 17 percent when compared with 2008.N.Y. comptroller: Wall St. bonuses up 17% - Washington TimesIn the United States, the average federal worker now earns 60% MORE than the average worker in the private sectorGovernment jobs: Bloated pay, benefits cost us all - USATODAY.comThe top 1% of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years agoExtra: Rich getting richer faster - MSN MoneyIn America today, the average time needed to find a job has risen to a record 35.2 weeks.With the US trapped in depression, this really is starting to feel like 1932 - TelegraphMore than 40% of Americans who actually are employed are now working in service jobs, which are often very low payingWal-Mart sales suggest the economy is still shaky - May. 20, 2010For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011More than 40m now use food stamps - The Boston GlobeThis is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hourBangladesh: Factory fire kills 21 garment workers | Workers & Labor |Axisoflogic.comDespite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009U.S. millionaire ranks up 16 percent last year | ReutersApproximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 yearsChildren's quality of life declining, says report - CNN.comThe top 10% of Americans now earn around 50% of our national incomeEmmanuel Saez's Home Page18 States face austerity cuts46 States Facing Greek-Like Budget Crisis
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Post by The Great Aztec Joe on Jul 17, 2010 13:20:00 GMT -8
Simple fact of the matter is that the Fat Arsed Republicans who represent 90 percent of the rich are getting richer and the poor are getting poorer. Either something is done through legislation to remedy this horrible situation, or the poor are going to take to the streets and redistribute the wealth themselves.
For heaven sake, do not mutter, "Over MY DEAD Body!"
Or That'll Be The DAA-aaa-aaa When you die.
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Post by aztecwin on Jul 17, 2010 14:06:26 GMT -8
Sounds to me like we should have kept Bush. Is that what you are getting at?
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Post by The Great Aztec Joe on Jul 17, 2010 14:39:24 GMT -8
Sounds to me like we should have kept Bush. Is that what you are getting at? You might remember that years ago I told you that we would have an economic collapse that would resemble a SLOW MOTION COLLAPSE OF A HOUSE OF CARDS. One by one they have been falling. The economy has been gradually collapsing and getting worse from quarter after quarter. Now, I know there are nitwits out there who will say that we had two quarters of positive GDP. but the fact of the matter is that the Government has spent an additional TRILLION dollars and all we created with all of that government spending was a THREE POINT rise in GDP. Without the Trillion Spent, GDP would have been strongly negative. (i.e. Other than for the artificial stimulus, the economy is still falling like that slow motion house of cards.) Why am I always right? |
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Post by aztecwin on Jul 18, 2010 5:45:53 GMT -8
Sounds to me like we should have kept Bush. Is that what you are getting at? You might remember that years ago I told you that we would have an economic collapse that would resemble a SLOW MOTION COLLAPSE OF A HOUSE OF CARDS. One by one they have been falling. The economy has been gradually collapsing and getting worse from quarter after quarter. Now, I know there are nitwits out there who will say that we had two quarters of positive GDP. but the fact of the matter is that the Government has spent an additional TRILLION dollars and all we created with all of that government spending was a THREE POINT rise in GDP. Without the Trillion Spent, GDP would have been strongly negative. (i.e. Other than for the artificial stimulus, the economy is still falling like that slow motion house of cards.) Why am I always right? Joe, You are merely pointing out how inept the Obama Administration and the Dems in Congress are at getting the economy on track. When Barney Frank and Dodd set up the housing and financial debacle you must recognize that it was what got us in this mess. Now it is only being made worse by the reckless unsustainable spending going on. The reversal will begin in November. |
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Post by The Great Aztec Joe on Jul 18, 2010 6:54:40 GMT -8
Win, regardless of my being a Liberal or a Conservative, I do not subscribe to blaming one party or the other. The horrific mess that we are in is the result of GREED and Criminal Behavior.
Democrats and Republicans and other political views are all guilty. Bush left us in the state we are in, but he was not responsible for it directly. He could have implemented corrective policies, but he did not. Obama has failed to act, too. The Presidents before both Bush and Obama failed to act even though it was obvious that we needed to.
The entire lobbying process in Washington is corrupt and feeds corruption. Our Former Congressman, Cunningham, went to prison because he got swept up in the wave of corruption that has covered this whole nation.
We need to start implementing corrective measures with the death penalty by firing squad affixed to any attempt to bribe public officials (city state and federal). Anything less will not be effective. I have spoken to this topic many times in the past on the Aztec boards over the years.
We can not just pooo poooo criminality. We need to snuff it out, TOTALLY!
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Post by aztecwin on Jul 18, 2010 10:01:58 GMT -8
Joe, I will agree that all politicians share in the blame for the mess we are in. At least the Republicans and Democrats are almost equally at fault. We have not had a strong enough Conservative voice for long enough to start the reversal process. That voice and that reversal just might be in the works this November.
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Post by The Great Aztec Joe on Jul 19, 2010 8:14:35 GMT -8
Joe, I will agree that all politicians share in the blame for the mess we are in. At least the Republicans and Democrats are almost equally at fault. We have not had a strong enough Conservative voice for long enough to start the reversal process. That voice and that reversal just might be in the works this November. My gut read on the American Political Scene is that the two parties are Tweedle Dee and Tweedle Dum. Very little difference between them. Both of them are corrupt and both are inept. I have become so frustrated with the nonsense that we call politics that I have allowed my wife to cast my absentee ballot for the past two years. I'm just burned out. If the Republicans go too far to the right, they will be rejected by the voters. If Democrats are too liberal they are usually rejected except in California. It is time for a political party to have a set platform to deal with corruption with a plan to shape things up, and then implement it. |
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