H2O MAN
 
  -2  
Mon 25 Oct, 2010 04:50 pm
@Advocate,
Advocate wrote:

Obama continues to do a great job.


LOL!!

Yeah, he continues to do:

A great job of being a failed science experiment.
A great job of ignoring the Constitution and the American people.
A great job of being an smug, arrogant liberal bastard.
H2O MAN
 
  -2  
Mon 25 Oct, 2010 04:53 pm
@talk72000,
talk72000 wrote:

You must not forget to put your finger in the dyke to plug the H2O, man.


It's not my job to plug Princess Pelosi.
0 Replies
 
talk72000
 
  0  
Mon 25 Oct, 2010 05:09 pm
@H2O MAN,
You are the definite Don Quixote.
0 Replies
 
ican711nm
 
  0  
Mon 25 Oct, 2010 05:44 pm
@Advocate,
Advocate wrote:
As you know, the distribution of income and wealth is going upward at a good clip. This can only lead to discord and, possibly, revolution.

No, I don't know that!

But I do know that the distribution of unemployment is going way up, and consequently the distribution of income and wealth is going down at a good clip.

That can only lead to an increase in the poor, an increase in discord, and probably a decrease in the number of democrats in Congress.
ican711nm
 
  1  
Mon 25 Oct, 2010 05:52 pm
@talk72000,
talk 72000 wrote:
The Roman Empire had a very bad income distribution thus the emergence of Christianity.


The Roman Empire had a bad distribution of power after it replaced the Roman Republic. It's bad distribution of power led to its corruption and collapse.

The emrgence of Christianity was caused by its promotion of love for one another and the eventual failure of the Roman Empire to supress it.
Cycloptichorn
 
  2  
Mon 25 Oct, 2010 05:54 pm
@ican711nm,
Quote:

No, I don't know that!


It does happen to be true. What more, it has been going up for the last decade irregardless of levels of employment.

Cycloptichorn
0 Replies
 
Cycloptichorn
 
  1  
Mon 25 Oct, 2010 05:54 pm
@ican711nm,
Quote:

The emrgence of Christianity was caused by its promotion of love for one another


Shocked Laughing

Cycloptichorn
0 Replies
 
Advocate
 
  2  
Mon 25 Oct, 2010 06:24 pm
@H2O MAN,
I see lies coming from the right all the time. However, you abuse the privilege. Never any facts, but lots of lies.
0 Replies
 
Gargamel
 
  5  
Mon 25 Oct, 2010 10:17 pm
@H2O MAN,
H2O MAN wrote:

LOL!!

Yeah, he continues to do:

A great job of being a failed science experiment.
A great job of ignoring the Constitution and the American people.
A great job of being an smug, arrogant liberal bastard.


"I'm a ******* retard and I approve this ad."--A ******* Retard
plainoldme
 
  0  
Tue 26 Oct, 2010 06:14 am
@talk72000,
When I opened this thread, the first piece I saw was your statement on the Roman Empire. It made me chuckle and laughter is a good accompaniment to coffee.
0 Replies
 
plainoldme
 
  1  
Tue 26 Oct, 2010 06:15 am
@H2O MAN,
Obama is hardly smug.

Hey, bush was a two-term mistake.

BTW, the TARP was signed by bush.
H2O MAN
 
  -2  
Tue 26 Oct, 2010 08:05 am
@Gargamel,
Gargamel wrote:



"I'm a ******* retard and I approve this ad."--A ******* Retard


Yes you are.
0 Replies
 
H2O MAN
 
  -2  
Tue 26 Oct, 2010 08:06 am
@plainoldme,
plainoldme wrote:

Obama is hardly smug.


Sure he is, you just choose to look the other way.
Advocate
 
  2  
Tue 26 Oct, 2010 09:08 am
@H2O MAN,
Just to prove my point!


U.S. income gap widens
with middle class erosion





The latest U.S. Census Bureau figures indicate an unprecedented income gap between the richest and poorest Americans. Those figures are causing concern among social workers. The disparity could have an impact on the overall well-being of American society.

"How'd you get so Rich" is the name of a cable TV program, starring comedienne Joan Rivers, that shows how some Americans got their wealth and what they have done with it. "Not one person that we interviewed did not have a great work ethic. These people do not say, 'Boo-hoo, poor me, it is a recession and I cannot do it,'" she said.

There are no programs, however, called, "How'd You Get So Poor?" Only statistics.

The latest U.S. Census Bureau figures indicate the number of Americans in poverty is the highest in more than half a century. At the same time, the Census Bureau says, the income gap between the rich and poor in the United States has been widening in recent years, reaching the greatest disparity ever in 2009.

Economists say the recession is among the reasons for the growing ranks of the poor. The director of the non-governmental National Center for Law and Economic Justice, Henry Freedman, says erosion of the middle class is another. "The elimination of most of those jobs that people could get in factories, our factories are not there so much anymore. Other kinds of clerical work that is either being outsourced or is being replaced by technology that does it efficiently. Those people are competing with people below them for work," he said.

Robert Hawkins, a New York University professor of social work, says people in impoverished areas lack some of the fundamental opportunities enjoyed by the rich. "What we have there are people who did not and do not have opportunities. So those folks cannot get an education, and so, what happens? They cannot get a job," he said.

Hawkins says those caught in poverty cannot count on networking with equally poor friends or neighbors for opportunities, because none of them have any. This, he adds, creates a vicious cycle of crime, teen pregnancy, chronic illness and early death.

Freedman says America's growing income gap could create a two-tiered society that loses its sense of community. "People struggling to get by, struggling to survive on the one hand, susceptible to demagoguery; and people on the other hand who put their resources to be separate from society, safe from society rather than participating fully in society," he said.

Hawkins says the erosion of the middle class could affect the quality of those people the middle class has traditionally produced to teach, to enforce laws, to take care of the sick, and whose services also benefit the rich.

The professor says the wealthy have increasing political influence in America, not because they are gaming the system, but because the poor are not using it to full advantage. "If low-income people want more political power, they have got to organize, they have got to vote. That is the best and probably the only way," he said.

Hawkins says education and health are issues that need to be addressed to help the poor over the long term. What is needed immediately, he says, is renewed spending by both rich and poor alike, because money in circulation is what helps create jobs.

The problem, Hawkins notes, is that the poor have nothing to spend, and the rich have yet to overcome fears of economic uncertainty caused by the global economic recession.
ican711nm
 
  0  
Tue 26 Oct, 2010 11:06 am
Democrats took control of Congress in january 2007. Obama took office in January 2009. Democrats passed TARP in 2008. Bush signed TARP in 2008.

Approximately 10% of those employed before Obama took office, ceased being employed after Obam took office. That all by itself has caused a widening of the income gap between those in the the top 10% of income earners and those in the bottom 10% of income earners.

Here's an illustration of Average Annual Earned Income Differences Before and After Job Losses
If before job losses: bottom 10% = $20,000; top 10% = $200,000; Then difference = $180,000.
If after job losses: bottom 10% = $00,000; top 10% = $200,000; Then difference = $200,000.

Shall we conclude from that that Obama is biased against the bottom 10%?
ican711nm
 
  -1  
Tue 26 Oct, 2010 11:18 am
Quote:
USA Today on August 10 published this front-page chart based on Bureau of Economic Analysis data. It shows that in 2009:

Average private-sector employee saw compensation of $61,051 ($50,462 in wages and $10,589 in benefits);

Among state- and local-government workers, the relevant figure was $69,913 ($53,056 in wages and $16,857 in benefits).

For federal-civilian employees, compensation stood at $123,049 ($81,258 in wages and $41,791 in benefits);

These numbers show federal employees earning 201 percent of the average private worker’s compensation. Federal benefits equal 395 percent of private-sector benefits.

0 Replies
 
ican711nm
 
  -1  
Tue 26 Oct, 2010 11:24 am
Quote:
the Institute for Justice just released eight new reports documenting how irrational and anti-competitive regulations stifle entrepreneurship and harm the economy. In addition to generating a number of new cases for IJ, these studies are already drawing attention to the unnecessary burdens faced by entrepreneurs across the country.

The Wall Street Journal features the studies in the editorial below. And be sure to follow the adventures of IJ’s animated entrepreneur “Chuck” as he struggles to start a business in five different cities. It’s an entertaining video you don’t want to miss: http://www.ij.org/CityStudiesVideo.
...

The Wall Street Journal, October 25, 2010
Licensing to Kill
A new study shows how city regulations harm small business.

When most people think of occupations requiring fingerprints and police reports, corner bookshop owners don't spring to mind. Try telling that to Los Angeles, where many used booksellers are required by law to get a police permit and take a thumbprint from every 40-something trying to offload his collection of French poetry.

That's one scene from a study to be released this week by the Institute for Justice, which has collected dozens of examples of regulations choking economic growth by taxing and over-licensing small businesses. In a survey of eight major cities, the study found that entrepreneurs routinely face obstacles of bureaucracy and red tape that deter them from otherwise promising opportunities.

The City of Angels, which had a 13.7% unemployment rate in September, has licensing mandates for every profession under its permanent sun. Anyone wishing to make a living by hanging wallpaper, building fences or trimming trees must first get a by-your-leave from the city in the form of a "specialty contractor" license and a background check that can take years. The same goes for L.A.'s aspiring fashionistas (garment manufacturer license), Washington D.C.'s sightseeing guides (tour guide license), and Miami flower vendors.

In many cases, the regulations were promoted by existing business owners who want barriers to new competition. In Washington, D.C., an interior designers guild succeeded in lobbying the city to require that all new designers take a 13-hour test and get a special license merely to reorganize your living room. In Newark, New Jersey, would-be barber shop owners must prove they've spent three years working in someone else's hair cuttery before they can start their own. Even then, the city's laws bar them from serving customers on Sunday and restrict working hours on other days of the week.

In addition to the economic cost of such inanity, the regulations take a personal toll on many aspiring small business owners, often immigrants who thought America was still a land of opportunity. Consider the case of Muhammed Nasir Khan, who lost most of his family's savings thanks to Milwaukee's messy regulations and the whim of a local alderman.

According to the Institute for Justice, Mr. Khan, who once headed Pakistan's antiterrorist operations, sought political asylum in the U.S. in 1995. By working in restaurants and selling the jewelry in his wife's wedding dowry, he and his family saved enough money to open a hot dog stand in a fixer-upper building on a promising corner of downtown. But after hundreds of hours getting everything ready, his shop was closed by the city on its first day of business.

Despite following all the rules, his food license was retracted at the request of Alderman Robert Bauman, who suggested he would rather see a place "with a little class" in the location, instead of Mr. Khan's restaurant. Reopening Judy's Red Hots, he argued, would somehow encourage crime and disorder and stall the redevelopment of the community. The real crime is how easily an entrepreneur's dream was destroyed by the caprice of a politician and the regulations that empower him.

Politicians of all stripes like to celebrate "small business" while running for office, but the reality is that they often strangle entrepreneurs once they get in power. Read the Institute for Justice study and you'll better understand why the business of America is no longer business. It's bureaucracy.
0 Replies
 
H2O MAN
 
  -2  
Tue 26 Oct, 2010 12:29 pm
@Advocate,
Yep, Obama and his policies are responsible for the increased and accelerated erosion.

Like no president before him, PrezBO is doing an awesome job of dividing the country.
0 Replies
 
parados
 
  2  
Tue 26 Oct, 2010 02:00 pm
@ican711nm,
Quote:
Approximately 10% of those employed before Obama took office, ceased being employed after Obam took office. That all by itself has caused a widening of the income gap between those in the the top 10% of income earners and those in the bottom 10% of income earners.

As usual your math is rather suspect ican.

If Employment is 95% and then goes to 90%.. Please explain how 5% of 100 is the same thing as10% of 95. For 10% of those employed to cease being employed the unemployment rate would have had to have been a negative .1% when Obama took office. Since the unemployment rate can NOT be negative, your statement is clearly false.

Quote:
Shall we conclude from that that Obama is biased against the bottom 10%?
No, but we can conclude you don't understand simple math or even the basics of economics.
plainoldme
 
  0  
Tue 26 Oct, 2010 02:29 pm
@Advocate,
Despite the claims made from H2O, Obama had nothing to do with the top 1% seizing so much of the wealth. I am trying to remember when I first heard about CEOs making 400 times what janitors in the same firm make, but it had to have been at least during the 1990s.

When I worked as a page at the public library, I started at something like $11.39/hour. Janitors at the library made $17+.
0 Replies
 
 

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