Where is the US economy headed?

0 Replies

Rama, Good article; our economy hasn't still felt the blow from the downturn in housing, income, and debt. I'm giving it several more months when banks and funds will have to reveal the loss from the subprime loans.

0 Replies

The SYTEM of usa is
Rotten
barbarism
banal
and
inhuman.
Let the world teach the powers that be in usa
to understand
OUR DREAMS and not your
unfulfilled AMERICAN DREAMS

0 Replies

au, Another good article; the middle class continues to see a deterioration of their income while the wealthiest continues to gain multiples in the pay and bonus'. Our form of capitalism is broken when productivity increases, but the workers continue to lose buying power.

0 Replies

So I read today that American workers are the most productive in the world. Each American worker produces something like $63,000 worth of stuff a year, well above anyone else.
Okay, I can understand that, I thought. We are more technologically advanced. We have people running machines that produce stuff.
But then it was noted that Americans work a lot more hours then, say, the Euopeans. So, annual production per employee would obviously be higher here.

0 Replies

The only reason household income is increasing is because more family members are in the work force; not because their pay is keeping up with inflation.

0 Replies

Our economy is going to start feeling the pain.

Economy loses 4,000 jobs, first drop in 4 years

0 Replies

c.i. wrote-

Quote:

The construction industry lost 22,000 jobs during the month, while factory payrolls plunged by 46,000, despite an improving export picture.

You would expect that with continuously improving efficiency.

If 68,000 jobs were lost in those sectors and only 4,000 lost overall it means there has been a transfer of occupation for 64,000 jobs. Doesn't it. Presumably into "don't get your hands dirty" occupations.

Hasn't such a trend been going on for a couple of hundred years?

I wonder what % of A2Kers are in "hands dirty-overall" type jobs. Does anybody know? My impression, for what it's worth, is not many. Thus certain types of bias are explained.

0 Replies

Spendius, I've invited some of them to come to Oklahoma and throw some hay bales in the barn, but so far no takers. You hit on an important point. Libs don't understand being poor so they all have this guilt complex. I was poor, so I don't need their bleeding heart mindset. I have even been accused of calling the poor "scum," by one poster here, which was of course only a revelation of his own bias.

0 Replies

okie wrote:

Spendius, I've invited some of them to come to Oklahoma and throw some hay bales in the barn, but so far no takers. You hit on an important point. Libs don't understand being poor so they all have this guilt complex. I was poor, so I don't need their bleeding heart mindset. I have even been accused of calling the poor "scum," by one poster here, which was of course only a revelation of his own bias.

okie, Your ignorance is limitless.

0 Replies

Quote:

Stocks plunged while bonds surged higher Friday after the government reported payrolls in August fell for the first time in four years rather than rising as had been expected. The Dow Jones industrial average fell more than 200 points.

Investors were unpleasantly surprised by the Labor Department's report that payrolls fell by 4,000 in August, the first decline since August 2003, while the unemployment rate held steady at 4.6 percent as expected.

Wall Street was waiting for the report as it tries to determine how well the economy is holding up under the weight of a faltering housing market, a rise in mortgage defaults and tightening availability of credit. While the report is backward looking and not predictive, investors regard it as an important reading of the economy's health.

Business week

0 Replies

The feds need to reduce interest rates ASAP to make credit available at lower cost to consumers for our economy to survive.

0 Replies

cicerone imposter wrote:

okie wrote:
Spendius, I've invited some of them to come to Oklahoma and throw some hay bales in the barn, but so far no takers. You hit on an important point. Libs don't understand being poor so they all have this guilt complex. I was poor, so I don't need their bleeding heart mindset. I have even been accused of calling the poor "scum," by one poster here, which was of course only a revelation of his own bias.

okie, Your ignorance is limitless.

I made a generalization, imposter, and figured it would cause a comment or two. I am very serious however, in believing that many rich libs, hollywooders being good examples, have a guilt complex over their own wealth because they were either born with a silver spoon in their mouth or they got rich too easily by making a worthless movie, that they somehow have this compulsion to "help the poor" or plead their perceived cause. It is very common for such to have some cause, for many of them it is the environment, which they have little or no understanding of by the way. It makes them feel better about themselves.

0 Replies

And they represent what percentage of the total US population?

0 Replies

okie: Libs don't understand being poor so they all have this guilt complex. I was poor, so I don't need their bleeding heart mindset.

This is a "generalization?" Sounds pretty personal to me!

0 Replies

Not a rosy picture.
"Typical families see income and earnings decline

by John Irons

American families today are increasingly feeling the pinch of higher energy prices, housing market uncertainty, and growing health care costs. Historically, typical families could expect to see annual increases in their earnings to help cope with financial challenges, improve their standard of living, or just save for a rainy day. These expectations of economic progress are no longer being met."

http://www.epi.org/content.cfm/webfeatures_snapshots_20070905

0 Replies

For those who are/were long on this market, remember that I warned you right at the time the DJIA was hitting all time highs.

0 Replies

okie wrote:

cicerone imposter wrote:
okie wrote:
Spendius, I've invited some of them to come to Oklahoma and throw some hay bales in the barn, but so far no takers. You hit on an important point. Libs don't understand being poor so they all have this guilt complex. I was poor, so I don't need their bleeding heart mindset. I have even been accused of calling the poor "scum," by one poster here, which was of course only a revelation of his own bias.

okie, Your ignorance is limitless.

I made a generalization, imposter, and figured it would cause a comment or two. I am very serious however, in believing that many rich libs, hollywooders being good examples, have a guilt complex over their own wealth because they were either born with a silver spoon in their mouth or they got rich too easily by making a worthless movie, that they somehow have this compulsion to "help the poor" or plead their perceived cause. It is very common for such to have some cause, for many of them it is the environment, which they have little or no understanding of by the way. It makes them feel better about themselves.

One of the dumbest posts yet. Of course, people feel good about helping others. In fact, brain imaging has shown this. It is not a matter of guilt or shame, it is just a matter of doing the right thing. Liberals are generally very compassionate people. Where do you think the word "bleeding heart liberal" comes from. Those of us who are better off are grateful that fate dealt us a kind card. Me, I don't have much now but I no longer crave material things to a large degree (I mean I still love to shop, buy clothes etc) I don't have money to give so I volunteer my time.

Those you who do not have compassion and sneer at people who do are livng in your own personal hell. Those of you who aren't closet queers are self-loathing in other ways and try to project your anger, jealousy, envy, fear and hatred on those who can care and feel compassion and love for all beings. There used to be a time when conservatism was a philosophy, like the type espoused by Barry Goldwater. Not anymore. Conservatism these days is pathological.

0 Replies

okie wrote:

Spendius, I've invited some of them to come to Oklahoma and throw some hay bales in the barn, but so far no takers. You hit on an important point. Libs don't understand being poor so they all have this guilt complex. I was poor, so I don't need their bleeding heart mindset. I have even been accused of calling the poor "scum," by one poster here, which was of course only a revelation of his own bias.

Only the most warped of minds can equate philanthropy or care for the poor and downtrodden with something negative.

0 Replies

Where is the US economy headed?

Related Topics

Quick Links

My Account

able2know