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 The truth about our economy in 2 minutes

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Abe F. March
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Abe F. March

Number of posts : 10689
Registration date : 2008-01-26
Age : 80
Location : Germany

The truth about our economy in 2 minutes Empty
PostSubject: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyThu Jun 16, 2011 11:06 am

http://front.moveon.org/scribbling-sharpie-illustrates-the-truth-about-our-economy/?id=28084-17955448-aXdoAyx
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dkchristi
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dkchristi

Number of posts : 8594
Registration date : 2008-12-29
Location : Florida

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyThu Jun 16, 2011 12:50 pm

That was terrific. I've seen it before. However, those who wish to keep their windfall profits don't give a hoot. If the economy tanks, they will still have their villa in Tuscany. They just won't have as much to pass on to their kids.

Robert Reich is dubbed a left wing liberal by the wealthy class because he supports a healthy middle class and has proven the 'trickle down" theory a complete hoax on the U.S. Citizens.

Unfortunately, power is where power lies. The power of the media keeps so many U.S. Citizens fooled that all attempts to improve the economy are foiled and damned.

I'll do my bit as an active political party member. Those who wish to protect their $millions will likely do the same. Put their $$ up against my phone calls and envelope stuffing and see who has the clout...
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Abe F. March
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Abe F. March

Number of posts : 10689
Registration date : 2008-01-26
Age : 80
Location : Germany

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyThu Jun 16, 2011 10:41 pm

Keep doing your thing, Diane. You make a difference.
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dmondeo
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dmondeo

Number of posts : 1485
Registration date : 2009-02-15
Age : 64
Location : UK

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyFri Jun 17, 2011 1:05 am

As I live and breath I never thought I would see some of those conspiracy theories I laughed at in my youth prove true! But they seem to be right.
It is turning out to be a nasty greedy world we live in.
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dkchristi
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dkchristi

Number of posts : 8594
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Location : Florida

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptySat Jun 18, 2011 12:27 pm

I don't think it's the world, just 1% of the U.S. citizens is a very small percentage. The rest of us struggle along, doing our best to earn an income, support families and find some enjoyable activities we can afford. It's a very small percentage of the wealthiest who have the power and the control - as it's always been. I am one of the peasants in a feudal world.
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alice
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alice

Number of posts : 15671
Registration date : 2008-10-22
Age : 71
Location : Redmond, WA

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptySat Jun 18, 2011 3:04 pm

Not all wealthy people are bad.
Bill Gates is a good guy. I know a very wealthy surgeon who helps the down and out.
I am glad everyone is not poor.
Some rich people earn their wealth and are actually quite nice folks. It is the greedy ones who irk me.
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Abe F. March
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Abe F. March

Number of posts : 10689
Registration date : 2008-01-26
Age : 80
Location : Germany

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptySat Jun 18, 2011 11:58 pm

At what point does need turn into greed?
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alice
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alice

Number of posts : 15671
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Age : 71
Location : Redmond, WA

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptySun Jun 19, 2011 3:35 am

When a person hoards money and won't share or help others.
They have far more than they need and want more.
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LC
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LC

Number of posts : 5044
Registration date : 2009-03-28

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptySun Jun 19, 2011 6:54 am

Robert Reich has a letter to the editor in the June 18 WSJ defending his economic views. Which are are to tax everyone making $500K/year 50% of their income and give everyone making less than $100K/year "substantial rate reductions" (his words). In other words, make the ones who pay next to nothing in tax right now (currently almost half the country) pay even less, and make "the rich" ($500k/yr?) support them even more.

Quote :
Some rich people earn their wealth and are actually quite nice folks. It is the greedy ones who irk me

What are the "greedy" ones, the ones who don't give enough to your liking? I consider greed to be taking more than one's unearned fair share. This would apply to people who raise their kids from birth to 18 in public housing/Section 8 (you can be on those your whole life), and suck up years of SNAP, TANF, EBT cards and other programs that keep alive people who should have been allowed to die out with the Neanderthal.
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alice
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alice

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptySun Jun 19, 2011 8:02 am

LC,

Here we go again. lol!

I hope you remain employable and full of vigor. You may wane as you age. Most folks do.



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Domenic Pappalardo
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Domenic Pappalardo

Number of posts : 2557
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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptySun Jun 19, 2011 7:19 pm

He who controls the wealth, controls the world. Those who control the wealth are not in the U.S.. In the next two years, most people will look back on 2011..."As the good old days." I know there are many on this forum who do not believe in the Bible, and that's okay...but, those who do should pick it up and read it. It is very clear what all people of the world are faced with. For a few it is good news, for far to many, bad.
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alice
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alice

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptySun Jun 19, 2011 7:23 pm

Domenic,

'I believe the Bible. Which part are you speaking of?
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LC
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LC

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyMon Jun 20, 2011 9:57 am

Quote :
I hope you remain employable and full of vigor. You may wane as you age. Most folks do.

What's the relevance? No one remains employable their whole lives. We have the obligation to support ourselves while we're employable and before we wane.
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alice
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alice

Number of posts : 15671
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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyMon Jun 20, 2011 10:00 am

LC wrote:
Quote :
I hope you remain employable and full of vigor. You may wane as you age. Most folks do.

What's the relevance? No one remains employable their whole lives. We have the obligation to support ourselves while we're employable and before we wane.


Some people never have that ability.
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LC
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LC

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyMon Jun 20, 2011 11:04 am

And that's what social services are for. So are you saying that everyone on welfare, SNAP, TANF, public housing and the various Social Security entitlement programs is unable to work?
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alice
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alice

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyMon Jun 20, 2011 11:42 am

I am not the judge of that--are you?
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LC
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LC

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyMon Jun 20, 2011 12:12 pm

No. The problem is the people who ARE judging are doing it very poorly. Hence the many exposes of fraud that are coming out.

When half the country pays no income tax and the welfare budget is bigger than defense, someone is judging very poorly. Unless you believe half the country is incapable of contributing. Then I would ask why so many are disabled here.
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alice
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alice

Number of posts : 15671
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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyMon Jun 20, 2011 12:56 pm

LC,

Do you know anyone involved in defrauding the gov't?
I don't!

Where do you get your information?

FOX News? Glen Beck, Rush?

I think our welfare budget should be higher than defense.
Taking care of our own is better than killing others.

Why are you so sold on defense spending?
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alice
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alice

Number of posts : 15671
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Age : 71
Location : Redmond, WA

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyMon Jun 20, 2011 1:43 pm

Many on assistance programs are working, but their wages have not kept pace with rising costs.
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LC
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LC

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyMon Jun 20, 2011 2:21 pm

Quote :
Do you know anyone involved in defrauding the gov't?
I don't!

What do YOU read? It's covered extensively in the WSJ, NYT and many, many others. When I get a chance I'll post some links. Right now I'm trying to get a proposal out.

btw, does the fact that you, personally, don't know anyone who commits fraud mean it doesn't happen? What are accountants and auditors for, then?
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alice
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alice

Number of posts : 15671
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Age : 71
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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyMon Jun 20, 2011 4:40 pm

It all depends on your focus. You are focused on the down and outers that cheat.
I am focused on the truly needy. lol!
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Abe F. March
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Abe F. March

Number of posts : 10689
Registration date : 2008-01-26
Age : 80
Location : Germany

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PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyMon Jun 20, 2011 9:53 pm

Just heard a report concerning the cause of the economic crisis in Greece. It is claimed that the cause is related to the loss of the middle class. Isn't that what's happened in the USA?
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dmondeo
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dmondeo

Number of posts : 1485
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Age : 64
Location : UK

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PostSubject: The truth about the UK economy in 5 second's   The truth about our economy in 2 minutes EmptyTue Jun 21, 2011 2:49 am

The truth about the UK economy in 5 second's.
We are skint! Broke! In Debt!
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alice
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alice

Number of posts : 15671
Registration date : 2008-10-22
Age : 71
Location : Redmond, WA

The truth about our economy in 2 minutes Empty
PostSubject: Re: The truth about our economy in 2 minutes   The truth about our economy in 2 minutes EmptyTue Jun 21, 2011 5:47 am

Abe and David,

Sad , but true.
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