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« Coming Out of the Woodwork | Main | More than One Way to Skin a Recovery »

August 04, 2009

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In reading about the RV employee, I am astounded how he stupidly threw away money--buying drinks at a bar for his friends. I like to have a beer myself; but never at a bar. It costs 4 times as much and you can always invite your friends over if you need compnay. Saving that extra $300 a month he spend would have served him well now.

I also worry about the future, despite having a well paying union job that has wage increases through 2011. We have already lost COLA increases, which account for about half my normal pay raises. And our employer will almost certainly ask for wage/benefit givebacks in our next contract. At least I have been preparing for the future, not whistling blindly past the graveyard.

Self respect? The analysts are self-serving, saying what's necessary to please the given audience.

These analysts are looking at the market to interpret what is going on in the US real economy.

On another note, we should not just look at the US consumer to interpret the US stock market we must look at things from an international perspective---as US markets are open entities.

One other thing, the painter who drew a Bull while looking at the Bear. Well the painter is Mr Market! (not just guys from Washington, Wall Street).

"but how can any self-respecting analyst look at the damage that has been done to the financial system and the economy during the past two years and not think it is going to be a very long time before we see anything resembling normalcy?"

You should ask Barclays' Tim Bond.

There is an old story from Scotland called "The First and Second Marriage."
In the first marriage, a husband had a job that paid enough to keep his wife
and two children from starvation. However, he stopped by a local drinking house
every night to have a pint before he went home. His poor wife begged him to
no avail to come home and save the money. One night the state inspector was to
arrive and the owner asked the regular customer, the only one there, to go up=
stairs to their apartment until the inspector left. The man was amazed at the
lovely home above the bar; beautiful furniture; books, expensive rugs, affluence
everywhere. When the woman came up and told him it was safe now to return, he
asked, "How did a barkeeper acquire such wealth?" She laughed and said, "Fools'
pennies, my friend, Fools' pennies." The man never returned to the drinking
house and eventually saved enough to begin a small retail shop while the family
moved into crowded quarters upstairs. Eventually he began to prosper. The second marriage is another story.

I appreciate that readers here are probably less likely to be pro-military, but if I were a 39 year-old husband & father of two (which I am) and out of work I'd be at an Army recruiting office in a heartbeat.

Instant free-housing, free-comprehensive healthcare and a paycheck to boot. "Yeah, but they'll just send me to Iraq..."

So what? Be a man. Be a father. Get of your beer-swilling ass and fall in line.

I agree with Snoop. US Army, here I come!

Gee, Snoop, I'm not anti-military, having had a few children, and other
relatives serving time. It is true that they (and their defense contractors)
are about the only people left with access to taxpayer money, but we have
slid into this solution before and it was called World War II, Korea, Viet-nam,
Iraq. Short term solutions historically only lead to long term disasters (like the economic one we are in now). Are we really going to give into the widely held belief that war is the only salvation for modern civilization?

Marion, I'm not suggesting 'war' is the answer to anything. But neither you nor I have the ability to influence what's happening in Iraq, Afghanistan or anywhere else.

My only point is that this man has a responsibility to provide for his family and he should be doing anything & everything (legally) to provide for them. Go where the work is. If that means going into harm's way, so be it. That's what parents are supposed to do.

And I would submit joining the military in this disastrous economic environment is an outstanding option for someone in his situation.

This article is enraging! Am I supposed to feel pity for these idiots? They are getting all they deserve. Blowing money and not saving when times were good. Mooching money in the form of unemployment and then buying cigarettes and lottery tickets and beer with the money - and gallons of Pepsi even though you are already a fat piece of sh$%. You have a dirt bike and Xbox and your kid is screwing up in school - school that I'M paying for as a taxpayer.

Disgusting. What a bunch of losers. He should just kill himself and his son and do the world a huge favor.

Two things jumped out at me. First, he is wasting a lot of money. Eight beers? That must have cost at least $32 in a bar. And I'm guessing he does that at least once a week. The other thing is that he and his wife need to expand their job search. I'm guessing there is an assisted living center in his area that is hiring. Or fast food restaurants. I would suggest they like sitting on their asses collecting $658 a week. That is why continually extending unemployment benefits is a bad idea. Take that away, and I'm guessing Scott and Kelly would find a job.

Snoop: I don't normally engage three times in a row, but I would take exception
to your comment that none of us have any influence on what is going on in Iraq
and Afghanistan. Technically that is true. But theoretically, if the American
public had the collective will, which it does not now have, it could demand
that competitive bidding be restored and giants such as Halliburton and
Blackwater, and other insiders who have made billions off these two wars,
be eliminated through fair competition. That would reduce the unexamined
incentives to go to war. Moreover, it is well documented that the United States
is the largest supplier of global weapons throughout the world, ranging from
missiles to jetplanes to whatever kills and destroys. The beneficiaries of these
massive sales are well connected to Wall Street banks and insider deals and
a large majority of the Congress reap handsome rewards from these business
transactions as well. Throw in the oil companies while you're at it. Yes, you
are right. A poor boy who knows little would be better off with a paycheck from
Uncle Sam than living under a bridge. But Uncle Sam has become so accustomed to
the war business, that any other way of life, which would require imagination
and hard work, is too much trouble to think about. So it looks like the thinking
is over for our generation at least and definitely we should not think about the
thousands of people in other lands who are living under bridges due to our
smart bombs. With all due respect and no intention to be argumentative.

a quote from one of my favorite writers..."everyone eventually gets what they deserve". And this fella got his.

if the American public had the collective will, which it does not now have, it could demand that competitive bidding be restored and giants such as Halliburton and Blackwater...

Didn't the American public do just that, Marion? You know, the whole "hopey-changey" dance that was going to solve all our problems? Last time I checked we still had >100,000 troops in Iraq, and we're sending tens of thousands more to Afghanistan.

Where have all the leftist goof-balls gone, who screamed for 8 years about the Bush-Hitler-chimpy-McEvil-dictator? Why is no one holding BHO's feet to the fire? All I hear is *crickets*.

OK--I read the full article and the posters comments. My own comment is this: Ask yourself how atypical is this story. How many times must we multiply it by other families in the same scenario? Lots is my guess. This story is scary as it reflects too much mainstream lifestyle in this country. Go all over the US and you will find it happening-------or about to happen. The guy, his wife, and kids are in a bad situation. Some argue that it is of his own making, let him sink. Yes, but we are Americans and last time I checked we had compassion for our fellow man. We dont agree with the lifestyle we see in the article, but I am not ready to let him, or at least his family, suffer and fall apart. No, I dont know how to help him, would if I could. Lots of the posters make excellent points about the saving money and beer costs and such. But to really understand this, aren't we talking about a slip in our culture? Lets of course tell why we think it happened, but I have to insert some passion along with it.

I don't think that sending this guy off to Afghanistan to shoot at people is any better a solution than asking his wife to strip for a living. Not everyone wants to kill others or degrade themselves in public to make a buck. This couple is learning some hard lessons. Their marriage may or may not survive. For the sake of their kids, I hope they pull through.

If the government isn't competent enough to provide healthcare to its citizens then certainly it isn't competent enough to run something as large and complex as a military. If you wouldn't trust your life to a government-run healthcare system, then certainly you shouldn't trust it to a government-run military.

I hear Xe (formerly Blackwater) is hiring assassins and thugs for their contemporary Blackshirt/Brownshirt Brigades.

"This couple is learning some hard lessons."

Iah, I don't think they're learning anything. And I'd respectfully disagree: if he needs to join the army or she needs to strip for a while to keep them from living in a tent under an overpass, then 'yes', they absolutely should do that. They need to put their stupid pride in a box and take of their kids.

"I hear Xe (formerly Blackwater) is hiring assassins and thugs for their contemporary Blackshirt/Brownshirt Brigades." Yeah, it's all true. And they've got killer robots disguised as puppy dogs, too. They'll chew your feet off and put all the hippies in concentration camps.

This family has problems, but it is not financial need. $700 in weekly unemployment benefits? With that, in their situation, knowing there was a crunch coming, I would probably have a savings rate of about 50%. After moving in with the parents, absent rent expense, savings would increase.

The moral of the story is that Mr. McFatty Fat should switch to Coke and Hoegaarden versus Pepsi and Bud Light.

Either way, for a myriad of reasons, I'm glad he's not joining the military. First and foremost being that when he comes back from his tour and can't find work he will be in a belltower with a rifle.

We need the military for folks like Snoop. Get all the angry people who worship war, brutality and death together on one battlefield and let them have at each other until none are left standing. Then we can start to build. Of course, those who advocate wars seldom fight them, cowards that they are. They solicit what they consider the dregdes of society to fight their wars, creating the conditions that make fighting in one a viable option to supporting one's family, as Snoop advocates here.

Eric Prince is a coward, as are the former Navy Seals who murder for him and Empire.

Wait a minute. I don't think Snoop is worshipping war and brutality. That is
unfair. As for the righty goof ball thieves and the lefty goof ball thieves,
is it not obvious they are all sleeping together and eating from the same
golden bowl of government contracting; bailouts, handouts and shootouts.
No, I agree. War is here to stay. That was my entire point; no matter who is
going to end up under the bridges and for whatever reason.

War is here to stay so long as you advocate those with no options fight them for those with many options. If those with no options refrain from fighting the wars, then those with multiple options advocating war will either have to fight the war themselves (which, of course, they won't do), or not advocate war, and instead settle disputes in a more constructive manner.

Michael's point in posting this was not to highlight the lifestyle of these people, but to make the larger point that the evidence does not support the meme of Recovery that's being proferred by the MSM and their selected "Experts."

Oh, yeah... the Army is just falling all over itself trying to sign up down-on-their-luck 39 year olds.

Yeah, I agree, Dave, the Armed Forces are too busy recruiting NeoNazis and other fine, upstanding citizens.

http://www.salon.com/news/feature/2009/06/15/neo_nazis_army/

At least they're providing for their little skinhead children back home, like real men.

The Snoop Patrol. The Few. The Proud. Soon to be the Many.

I agree that the point of the post is that recovery is a non-event, especially in the industrial sector of Indiana.
Point is there is no employment for the man. Going to Michigan probably wont fare him better either. The take on the lifestyle thing is that he could do some things on his own, while free on unemployment, to increase his chances for later job seeking. He could make some no cost efforts to improve himself. Actually, were I this guy I would be enraged at the "internet whuppin" he and his family have been subjected to by the article to begin with. They have been laid bare through the Washington Post article for the world to see. Did he or did he not have a chance to approve the publication of this rather demeaning article? Was he paid anything for it? As for all the talk in posts as to his joining the military, that is a moot point as he could not pass the physical, going on the photos in the article. No matter what one may think of the military, it is not designed to be a catch all for the down and out. I do think some internal family management is in order. Getting into the best possible physical condition for one. In the original article there are too many photos of them laying around on sofas. Diet and exercise. Personal appearance is important. Relocation is going to be a must-do, but probably should be to an area of the country that boasts lower unemployment. Today can be the first day of the rest of their lives.

For you clearly paranoid, lost children, I'm simply identifying a means for "Fatty McFatass" to provide housing, health insurance and income to support his family.

Apparently you'd rather see your children living on the street than sacrifice your precious dignity with service in the military.

You may now return to your bong hits.

"What if we don't have cash to buy milk, eggs, bread or diapers? What if our unemployment benefits run out? What if we never find jobs?" (Extracted from the original article).

Just about sums it up?

I'm sorry but $700 a week is still enough money to live a decent life and save a bit. These people act as if they want to fail.

Owebama's Elkhart speech, prosperity for everyone:

http://www.msnbc.msn.com/id/32283931/ns/us_news-the_elkhart_project/

The damage done to the financial system & the economy
as been going on for decades not just the past the 2 years.
judging from the average comments, hell will freeze over
before things improve or maybe ...just maybe Mother nature
will get tired of human folly ,greed and stupidity.

How much are we individuals and how much are we part of a community, including our lifestyles and ideas. How pernicious is the seductive TV and all those commercials saying "buy this now" to feel good? Since the 1960s I have been running into folks who live from day to day, looking for a good party and good time, and quickly bored with anything that requires them to read or think. Our churches preach instant gratification, instant salvation without effort, and no duty to those who draw the short end of the stick. Finally, there are consequences when writ large across the whole economoy, this means that the large American middle class market is disappearing, that trends of flat incomes that has existed since 1970 and the actual decline of incomes that has been occurring since 2000 will continue. We will be less like Western Europe and Japan, and more like Mexico and Central America, small, arrogant superwealthy elites with masses of poorly educated people scrambling to make a living in a future remarkably like the one portrayed in "Blade Runner," filled with violence and the potential of military dictatorship.

Blah, blah, blah. Everyone is missing the point. This isn't about the army, Iraq or Fatty McFatty individually.

This is a collective sea change.

The issue is that the tide is going out. At first only the smallest bits of beach grass and trash are swept out, but eventually everyone will be swept out in one form or another. Ask yourself if the economic crash has affected you yet. If not, it soon will.

I am supporting myself, just barely. I do not want, nor do I receive, government assistance. I am trying to get by on very little and I can't afford cable tv, soft drinks, cigarettes, or beer right now.

It infuriates me that he is receiving taxpayer money to buy the things I tell myself I can't afford.

"...I can't afford cable tv, soft drinks, cigarettes, or beer right now."

Good for you, Melanie. It sounds like you've got a good head on your shoulders. All that stuff is nothing but a drain, physically, spiritually and financially.

The people who won't survive this train wreck are typified in this article. You, on the other hand, (although you might never be a "millionaire") will come through this a much stronger person.

WTG Melanie. While that man is blaming everyone else for his problems, in a stupor, considering hurting people, and getting fat you will be fasting, getting stronger, leaner, and more alert. Best to you.

If he wants to make money, the military isn't the way to go. Sign up with a private contractor instead. As a mercenary you get paid ten times as much as a soldier, for doing the same job.

And if we're talking about doing immoral things for money, then his wife could become a prostitute and sell drugs.

After all, What Would Jesus Do? When he was hungry, did he sign up with the Roman Legion?

Been mulling this one over since I read it yesterday. It's really easy to pick apart this family's lifestyle. Cheap beer, smokes, anti-depressants, lottery tickets, no education, no ambition, no common sense. Poor white folk. There are lots of them.

You can make a culture full of "strong backs and weak minds" work if you have an economy that makes stuff. The corporate power structure that runs our government decided that it was more advantageous for them to promote a "knowledge-based" economy, whereby they could ship manufacturing overseas and save costs. The tech and real estate bubbles papered over the cracks in this plan for awhile, but now we're seeing the true cost of all the "efficiencies" globalization has introduced.

The problem here is cultural. These people are the products of a junk culture of bad TV, bad food, anti-intellectualism, dependence and victimization. They don't have the tools to find their way out of the hole they're in. They don't know how they got there. These people are suffering because we've let corporate greed hollow out our economy and culture for the last 30 years.

This story is as old as Aesop's fable- The Ant and The Grasshopper.
While it was summer, the Grasshopper played the fiddle and did not worry about the winter.
The ants, meanwhile, put away food for the winter. When winter came, the grasshopper had nothing, but the ants were warm and secure, with enough to eat.
Tennessee Williams had a term for this- "Poor white trash".

These folks are mid- between boomers and gen X folks. Not old enough boomers to have "gotten it" growing up, and not young enough gen X to have the mindset that they are on their own. The boomers rebelled against their parents and expected a "me" lifestyle. The parents then gave up. As long as a boomer had a job he/she was good. No job---not good. No plan B.
The constant stream of "money-honey" kept them in potato chips, hot dogs, BBQ wings and beer. A big Dodge truck (black that says "big horn" on it} a black mouth beard, and a beer belly. Then the factories closed. Economic crisis, because these same people in white shirts and ties bought $400,000.00 homes that no one making the median income in the US could afford. Foreclosures, repossessions, layoffs. No more "money-honey", no plan B. The chin sinks but you can't see it behind the circular mouth beard. The black "big horn" goes back. The 401K (for the white shirt and ties) halved or went to a third of value. Health insurance with the "company" became unaffordable COBRA. Then none at all.
Mass layoffs. Loss of house. Unemployment checks. No Plan B.

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