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December 04, 2010

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Is this the super economic power called America, the land of opportunities, big American dream or a third world country ?
This is what happens in a country when the top 1% gets 25% of all income..

Thank God we bailed out the banks ot there would be a lot of homeless investment bankers.

@blurtman...but look the "saved ones" tell us to be thankful for this.....and it will get worse...because all their policies are skewed towards confiscation of the masses....to preserve the ruling classes!

Saturday, December 4, 2010
David Stockman: The Only Job Growth In the Last Year Has Been In Part-Time Jobs Averaging $20,000/Year


The former director of the Office of Management and Budget under Ronald Reagan - David Stockman - just gave some stunning statistics on unemployment.

Stockman told CNBC that two-thirds of the jobs which have been created in the last year - the jobs which everyone talks about each month - are only part-time jobs, averaging $20,000 per year.


http://tinyurl.com/3ym59lm


And yet so many properties sit vacant, either in foreclosure or scooped up and sat on by some 'investor'.

And yet if you point out that perhaps capitalism is NOT some automatic best allocator of resources 'libertarians' and other such defenders will simply claim it's the government's fault somehow.

@none

Well how about a nice deflationary reality imposed on the currency (the Austrian/libertarian solution), a nice Darwinian flush for the bankers - bye, enjoy prison or the shelter - the free market solution?

Um - the governments solution was to create this problem with CRA, excaberate it to fatal levels with letting Wall Street buy MBS's with our savings, then bailout the Bankers - their partners in crime. Now they're hyperinflating the currency so PIMCO and GS can front run America's Treasuries to the Dirty Fed.

This touching faith in Govt. You're the kind of people who died yelling Heil Hitler just before the SS shot you. Get a clue - they're dirty.

And what is the best allocator of resources? DC? Yeah, they're doing great. By themselves.

Not in defense of...
Governments,the Federal Reserve,these evil body's
of governance, are they the only villains in these
stupid games we humans play? Lets abolish both of
them,then ask yourself,what happens in a system where
a small minority,whether by luck,superior intellect
or both,are allowed to accumulate unlimited wealth
with all the power it gives them. Is that the kind of
world you would like to live in?

Good Compilation.

This sounds like something out of a Ray Bradbury book; police run the dispossessed out of town and use prison labor to clean up after them.

As the ruling class atrophies and further militarizes it's going to get uglier and uglier. Maybe then more in the MSM will notice. As of now people barely notice because it's happening to the dispossessed and outcast whose ranks are swelling. Maybe the local media covers these stories more because they focus so much on the police beat and it's starting to impact local communities more, as these stories show. It's hard for me to read news like this anymore as I see it loaded with fascist propaganda and neoliberal hogwash.

"Libertarians" used to be equally worried about unbridled power of oligarchy as they were about governments.

The modern "libertarian" is simply a conservative and/or Republican that may be open to a bit more personal liberty (especially if it's white-man-style liberty--they're not so hot on black or latino liberty, for e.g.), which is better than other conservatives, but who is also a firm believer in free market fairies and all the neoliberal hogwash. The keyword one can use to spot such fairy tale "libertarians" is blaming the recent depression on the CRA. What a ridiculously skewed way to look at the crisis (as it is also probably intended to play on racist prejudices about the Dems giving black people free stuff and crashing the economy).

Most modern "libertarians" claim to be against the state but of course they end up supporting conservative policies which use the government to prop up oligarchies that are destroying the vast majority of the citizens. If there must be a state it should be used for the common good.

Yo Dawg, you a retodd

"Is this the super economic power called America, the land of opportunities, big American dream or a third world country ?
This is what happens in a country when the top 1% gets 25% of all income.."

No, this is what happens when all the political power is concentrated in one place, Washington, contrary to the US constitution. The wealth consolidation is a natural consequence of that. You you want wealth consolidation/creation since that is how people get rich but people get unnaturally rich when the political power is in once place to be captured and influenced. Any secular progressive out there who think more regulation is the answer is on the side of evil.

Everyone say " Not in my backyard", but where does everyone want the homeless people now around 500k and counting to live. Unemployment numbers are up there with 4 million plus people and counting. The question I have for big brother is this " Get off your fat, money grubbing asses and start helping out the people"

Some of you make me laugh. The top one percent of income earners in the US payed 39 percent of the taxes in 2008. How much did the top 5 percent pay? 59 percent. So you kids complaining about how 'unfair' it is for people to make a lot of money SHOULD be out there thanking the top 5 percent for funding all of your social programs and what-not.

Ummmm. Gawd Blass Amerikka_stan ?
It's one nation under God alright..........they just forgot to specify which one.

To Pat - you bring tears to my eyes. Your excuse that the uber-rich pay most of the taxes is simply a justification for the current unfair policies that dictate the political and economic structure of this country. Are the lower 95% supposed to bow down and thank the upper 5% for their gracious tax allocation, so that street-corner Fred and window-washing Martha can get their free soup at the corner shelter? I rebuke your selfish, arrogant, and woefully mispoken statements. Fundamentally, why do some people (top 5%) deserve to earn 30% of the wealth in the nation - is it something naturally ingrained in them; a supreme gift of God? I think not, for so many people who earn modest wages work just as hard, and are not fairly compensated for their efforts. Many of the rich mistaken assume that their efforts justify their paycheck - not so, and I bless the day when you of such mind discover how wrong you are.

There are hundreds of thousands of square feet of vacant warehouse and office spaces around the country. Not to mention hundreds of thousands of acres of abandoned industrial sites, military bases and unfinished real estate projects. I find it hard to believe that a tiny fraction of the money wasted in this country on questionable research programs, studies, subsidies and pork barrel projects cannot be diverted to opening up some of these sites to the homeless. There are plenty of people who are out of work that are in ideal positions to be able to administer and operate these sites. That in itself could be a jobs program while at the same time helping out those who need some stability to be able to get back into the workforce.

Once again, our leaders have shown that it's all about maintaining the status quo at the expense of the common person. As long as Wall Street and DC are happy, the rest of us are expendable.

This is the end game of unfettered capitalism. Ever play monopoly? All but one person ends up bankrupt, with nothing. Sound familiar?

The difference is that if we end up with a tipping point of numbers of people that have nothing, they have nothing to lose and become dangerous to everyone out of desperation.

The comment about all the empty buildings is right on. There is plenty of housing - but plenty of greed too that says "don't use that housing for the homeless, they don't deserve it!" denying humanity and reason.

I was arguing one time recently that our nation was going to turn into a third world country when my wife pointed out that we already were. We live in central FL and there are literally thousands of homeless wintering here. I opened my eyes during my travels over the next few days and she's right. We are already a third world country and it's going to get worse.

There will come a day soon when the homeless will defend their camps during a "sweep" and that's when things will get very interesting. When you have no where to go, been run out of every where else, there comes a time that these people will make a futile stand and fight the police even if it's with sticks and stones. Then we will see a bloody crackdown on these poor folks.

This will not end well by any means.

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