If this is true, we are in trouble...

[Taz]

These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?

Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.

Americans complain too much.

Only because the ruling class has so F’ed up everything.

... and blame all their problems on others.

 

[Rustic]

These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?

Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.

Thanks to political correctness/socialism

 

[Tehon]

Not being able or willing to see things past one's own needs is a huge problem in America.

As is ignoring the past failings of Communism and the deaths it has caused.

I don't advocate for any system like what has failed in the past.

Oh yeah, it'll be different this time!

Why wouldn't it be different. We live in a different time, with a different set of circumstances.

 

[Rustic]

Capitalism is eating itself just as Marx predicted.

Marx was a fucking retard, He was a parasite on others. One can only hope he’s in hell right now getting butt fucked by Hitler...

 

[Cellblock2429]

Automation increases productivity, and thus more production, and therefor WEALTH created.

That wealth was never seen, because of Illegals, because of outsourcing, because of monopolies laying people off, and raising prices.

This is CRAPitalist America, and it's even worse than Soviet Russia.

At least in Soviet Russia they didn't funnel all the jobs into foreigners hands who despise them.

I don't see how we're not going to "NATURALLY" collapse in the near future, if we don't end up killing each other in the streets first, and therefor "ARTIFICIALLY" collapse.

I'm glad I'll be off this planet by then; at least out of the workforce. I wouldn't want to be a person in the future with no aptitude to earn a higher education and try to make it on manual labor alone.

Millennials earn 20% less than Babyboomers did at the same age, Millennials have a net-worth 50% less than Babyboomers did at the same age.
(Of course adjusting for inflation AKA Real Wages)

This is startling, and shows the system that we have isn't working.

It's not the system, it's the politicians. They voted themselves the keys to the country between Carter and Reagan. Notice the decline began around then, as did the price hike for medical care.


The system is fine, without crony capitalism.



Hang them sumbitches! All of them that voted to be above the law and immune from insider trading laws and legal "lobbying".


Lobbying is bribery and they are criminals subverting citizens' representation in government.

That's bullshit! Grr!

How do you know that it is not the system?

Considering we did not become very Capitalist untill after WW2 I would say it is the likely culprit.

You need to read your history a little better. Why did Teddy Roosevelt have to bust trusts if we "weren't capitalistic" before ww2?

/----/ SOBIESKISAVEDEUROPE thinks history began the day he was born. To him, WW2 took place in the Hadean period.

 

[SobieskiSavedEurope]

Truth is, the real Right-Wing IS AUTHORITARIAN, they micro-manage social Conservative values.

Then there's a ton of Republicans who think high Taxes = Socialism to pay for programs.

North Korea is Socialism in it's pure form, and they actually have low taxes, in fact nearly no taxes.

But that's somewhat offset by the fact that they have shoot to kill orders for anyone trying to leave & go somewhere that does have taxes.
But you probably find that acceptable.

North Korea is a great failure of Communism.

So was Poland.

Capitalism causes diversity & immigration.

Poland became more Polish ethnically under Communism.

Poland becomes less Polish ethnically under Capitalism.

Capitalism is terrible it is probably even worse than Communism.

The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.

 

[SobieskiSavedEurope]

Automation increases productivity, and thus more production, and therefor WEALTH created.

That wealth was never seen, because of Illegals, because of outsourcing, because of monopolies laying people off, and raising prices.

This is CRAPitalist America, and it's even worse than Soviet Russia.

At least in Soviet Russia they didn't funnel all the jobs into foreigners hands who despise them.

I don't see how we're not going to "NATURALLY" collapse in the near future, if we don't end up killing each other in the streets first, and therefor "ARTIFICIALLY" collapse.

I'm glad I'll be off this planet by then; at least out of the workforce. I wouldn't want to be a person in the future with no aptitude to earn a higher education and try to make it on manual labor alone.

o

Millennials earn 20% less than Babyboomers did at the same age, Millennials have a net-worth 50% less than Babyboomers did at the same age.
(Of course adjusting for inflation AKA Real Wages)

This is startling, and shows the system that we have isn't working.

It's not the system, it's the politicians. They voted themselves the keys to the country between Carter and Reagan. Notice the decline began around then, as did the price hike for medical care.


The system is fine, without crony capitalism.



Hang them sumbitches! All of them that voted to be above the law and immune from insider trading laws and legal "lobbying".


Lobbying is bribery and they are criminals subverting citizens' representation in government.

That's bullshit! Grr!

How do you know that it is not the system?

Considering we did not become very Capitalist untill after WW2 I would say it is the likely culprit.

You need to read your history a little better. Why did Teddy Roosevelt have to bust trusts if we "weren't capitalistic" before ww2?

Before 1886 States made laws heavily regulating Corporations & even Teddy Roosevelt trust-busting was inference in the free market as did FDR have a quite Socialist economy as most here pointed out.

The USA pre WW2 had a lot more in common with Fascism than with modern Capitalism.

 

[Marion Morrison]

Before 1886 States made laws heavily regulating Corporations & even Teddy Roosevelt trust-busting was inference in the free market as did FDR have a quite Socialist economy as most here pointed out.

The USA pre WW2 had a lot more in common with Fascism than with modern Capitalism.

You just made my point for me.

 

[Cellblock2429]

Truth is, the real Right-Wing IS AUTHORITARIAN, they micro-manage social Conservative values.

Then there's a ton of Republicans who think high Taxes = Socialism to pay for programs.

North Korea is Socialism in it's pure form, and they actually have low taxes, in fact nearly no taxes.

But that's somewhat offset by the fact that they have shoot to kill orders for anyone trying to leave & go somewhere that does have taxes.
But you probably find that acceptable.

North Korea is a great failure of Communism.

So was Poland.

Capitalism causes diversity & immigration.

Poland became more Polish ethnically under Communism.

Poland becomes less Polish ethnically under Capitalism.

Capitalism is terrible it is probably even worse than Communism.

The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.

/----/ And yet here you stay in horrible capitalist America when worker's paradise of Cuba begs for folks like you to help harvest the sugar cane crop.

 

[SobieskiSavedEurope]

Truth is, the real Right-Wing IS AUTHORITARIAN, they micro-manage social Conservative values.

Then there's a ton of Republicans who think high Taxes = Socialism to pay for programs.

North Korea is Socialism in it's pure form, and they actually have low taxes, in fact nearly no taxes.

But that's somewhat offset by the fact that they have shoot to kill orders for anyone trying to leave & go somewhere that does have taxes.
But you probably find that acceptable.

North Korea is a great failure of Communism.

So was Poland.

Capitalism causes diversity & immigration.

Poland became more Polish ethnically under Communism.

Poland becomes less Polish ethnically under Capitalism.

Capitalism is terrible it is probably even worse than Communism.

The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.

/----/ And yet here you stay in horrible capitalist America when worker's paradise of Cuba begs for folks like you to help harvest the sugar cane crop.

I'm a Fascist, not a Communist, nor a Capitalist.

 

[Taz]

Truth is, the real Right-Wing IS AUTHORITARIAN, they micro-manage social Conservative values.

Then there's a ton of Republicans who think high Taxes = Socialism to pay for programs.

North Korea is Socialism in it's pure form, and they actually have low taxes, in fact nearly no taxes.

But that's somewhat offset by the fact that they have shoot to kill orders for anyone trying to leave & go somewhere that does have taxes.
But you probably find that acceptable.

North Korea is a great failure of Communism.

So was Poland.

Capitalism causes diversity & immigration.

Poland became more Polish ethnically under Communism.

Poland becomes less Polish ethnically under Capitalism.

Capitalism is terrible it is probably even worse than Communism.

The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.

Stop being so ignorant.

With 4.1% U.S. GDP Growth, What Comes Next?

 

[Taz]

I'm a Fascist, not a Communist, nor a Capitalist.

Don't forget "dumb Polack" as well.

 

[SobieskiSavedEurope]

Before 1886 States made laws heavily regulating Corporations & even Teddy Roosevelt trust-busting was inference in the free market as did FDR have a quite Socialist economy as most here pointed out.

The USA pre WW2 had a lot more in common with Fascism than with modern Capitalism.

You just made my point for me.

Before 1886 there were a lot of state regulations on Corporations. (In fact some even much later)

The Rise of Corporations — Global Issues

RACHEL #488: FIXING CORPORATIONS--PART 1: LEGACY OF THE FOUNDING PARENTS

https://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=2748&context=lcp

https://www.citizen.org/sites/default/files/students-citizens-united-guide-corporate-personhood.pdf

Not very consistent, the Sherman anti-Trust act of 1890 is where it starts, the Teddy Roosevelt expanded it, and then Taft, and Wilson kept trust-busting.
Harding & Coolidge in the 1920's were for "Deregulation". (Then there was the Market crash not much later) and we got FDR who clearly modeled his economy strongly after Fascism, with a lot of intervention into the free-market.

So, the first extended eras of Capitalism was really starting sometime after WW2. (Probably not under Truman)

It seems Eisenhower in the 50's was really the start of our "Modern Capitalist" era, and just between 15 - 20 years after Eisenhower came to office, we started seeing "Stagnating Real Wages"Coincidence?

 

[SobieskiSavedEurope]

Truth is, the real Right-Wing IS AUTHORITARIAN, they micro-manage social Conservative values.

Then there's a ton of Republicans who think high Taxes = Socialism to pay for programs.

North Korea is Socialism in it's pure form, and they actually have low taxes, in fact nearly no taxes.

But that's somewhat offset by the fact that they have shoot to kill orders for anyone trying to leave & go somewhere that does have taxes.
But you probably find that acceptable.

North Korea is a great failure of Communism.

So was Poland.

Capitalism causes diversity & immigration.

Poland became more Polish ethnically under Communism.

Poland becomes less Polish ethnically under Capitalism.

Capitalism is terrible it is probably even worse than Communism.

The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.

Stop being so ignorant.

With 4.1% U.S. GDP Growth, What Comes Next?

Same news-source, that says something very, very different.

Wages aren't keeping up with inflation, so real-wages have dropped, which adjust for inflation.

It's you who need to stop being so ignorant.

Trump's Economic Scorecard: Higher Inflation, Flat Wages And A Ballooning Federal Deficit


Chuck JonesContributori
MarketsI cover technology companies, worldwide economies and the stock marketinflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning

President Trump's Economic ScorecardDESIGN: NICK DESANTIS, FORBES STAFF

In the past few days, new economic reports have come out that don’t paint a very rosy picture for a number of economic items. While GDP hit 4.1% for the June quarter, but only 2.9% year over year, and the unemployment rate is hovering at all-time lows, inflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning .

The following reports on inflation and wages could be a couple of the reasons that many American workers are not feeling better about their financial situation. And add to those concerns about Trump’s tariffs, especially as it applies to products such as soybeans. To get an overview of economic data while Trump has been President check out “Trump’s Economic Scorecard: 18 Months Into His Presidency.”

Inflation continues to creep up

One impact from the CPI and PPI inflation reports this past week should reinforce the willingness of the Federal Reserve to raise its target interest rates in September and if inflation remains at these levels to do so again in December and in 2019.





Also, keep in mind that the inflationary impacts of Trump’s tariffs have not fully made their way into prices. As businesses costs increase a significant portion will be passed onto consumers.

For July the CPI, or Consumer Price Index, rose at a 2.9% rate which matches last months increase. This is close to double the 1.6% rate when Trump was elected and up from the 2.1% increase in December 2016, the month before he entered office.

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The Core CPI, which excludes food and energy, increased from 2.3% year over year for June to 2.4% in July. This is the highest Core CPI in over 10 years. The Fed is anticipating that the Core rate will level off soon per Capital Economics, but Capital Economics forecasts that, “core inflation will continue to trend higher.”

Core CPIDESIGN: NICK DESANTIS, FORBES STAFF

The Producer Price Index, or PPI, has risen over a full percentage point over the past year from 2.0% in July 2017 to 3.3% this year. The Core PPI, without food and energy, has risen almost a full percentage point from 2.0% to 2.8%. Typically the PPI leads the CPI as businesses should eventually pass at least some of their higher costs onto consumers.

Real wages are essentially flat in the past year

As inflation increases it puts a damper on wages. While average hourly earnings have increased from $26.34 per hour to $27.05, or 2.7% over the past year, inflation at 2.9% has actually lead to real wages falling a small amount from $10.78 per hour a year ago to $10.76 in July this year.

U.S. Hourly WagesDESIGN: NICK DESANTIS, FORBES STAFF

Federal deficit is ballooning

The U.S. Treasury published its July Monthly Treasury Statement and it showed that the first 10 months of fiscal 2018’s deficit of $$684 billion has surpassed all of fiscal 2017’s deficit of $666 billion. One of the downsides of Trump’s tax cuts is its impact on the Federal deficit as it is projected to increase to $1 trillion in fiscal 2020 per the Congressional Budget Office.

U.S. Federal DeficitDESIGN: NICK DESANTIS, FORBES STAFF

 

[SobieskiSavedEurope]

I'm a Fascist, not a Communist, nor a Capitalist.

Don't forget "dumb Polack" as well.

You Western Europeans are the dumb ones, look at the mess you're in now with EVERYTHING, it's ridiculous, and you keep looking for more of the "Same Solutions" that caused all the problems.

 

[eagle1462010]

Truth is, the real Right-Wing IS AUTHORITARIAN, they micro-manage social Conservative values.

Then there's a ton of Republicans who think high Taxes = Socialism to pay for programs.

North Korea is Socialism in it's pure form, and they actually have low taxes, in fact nearly no taxes.

But that's somewhat offset by the fact that they have shoot to kill orders for anyone trying to leave & go somewhere that does have taxes.
But you probably find that acceptable.

North Korea is a great failure of Communism.

So was Poland.

Capitalism causes diversity & immigration.

Poland became more Polish ethnically under Communism.

Poland becomes less Polish ethnically under Capitalism.

Capitalism is terrible it is probably even worse than Communism.

The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.

Socialist policies and ifnignor the Constitution got us here. All the warnings we're given to not do those things. We didn't listen. And here we are.

 

[SobieskiSavedEurope]

Truth is, the real Right-Wing IS AUTHORITARIAN, they micro-manage social Conservative values.

Then there's a ton of Republicans who think high Taxes = Socialism to pay for programs.

North Korea is Socialism in it's pure form, and they actually have low taxes, in fact nearly no taxes.

But that's somewhat offset by the fact that they have shoot to kill orders for anyone trying to leave & go somewhere that does have taxes.
But you probably find that acceptable.

North Korea is a great failure of Communism.

So was Poland.

Capitalism causes diversity & immigration.

Poland became more Polish ethnically under Communism.

Poland becomes less Polish ethnically under Capitalism.

Capitalism is terrible it is probably even worse than Communism.

The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.

Socialist policies and ifnignor the Constitution got us here. All the warnings we're given to not do those things. We didn't listen. And here we are.

Capitalist policies got us here.

It might sound "Cool" that it's Commies hiring Illegal Immigrants on farms, in construction, and restaurants, it might sound "Cool" that Commies are shipping your jobs to China, Vietnam, and Mexico, it might sound "Cool" that Commies are laying people off, and jacking up prices.

But, that's not reality, the reality is this is all Capitalists.

Capitalism is FAILING us big time, just like Communism FAILED too.

Capitalism requires regulation, plain, and simple.

 

[sartre play]

That's very limited thinking - that our choices are between capitalism or communism.

 

[Taz]

But that's somewhat offset by the fact that they have shoot to kill orders for anyone trying to leave & go somewhere that does have taxes.
But you probably find that acceptable.

North Korea is a great failure of Communism.

So was Poland.

Capitalism causes diversity & immigration.

Poland became more Polish ethnically under Communism.

Poland becomes less Polish ethnically under Capitalism.

Capitalism is terrible it is probably even worse than Communism.

The USA is stagnating economically like Commies had just we import tons of hostile immigrants that Commies did not.

Stop being so ignorant.

With 4.1% U.S. GDP Growth, What Comes Next?

Same news-source, that says something very, very different.

Wages aren't keeping up with inflation, so real-wages have dropped, which adjust for inflation.

It's you who need to stop being so ignorant.

Trump's Economic Scorecard: Higher Inflation, Flat Wages And A Ballooning Federal Deficit


Chuck JonesContributori
MarketsI cover technology companies, worldwide economies and the stock marketinflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning

President Trump's Economic ScorecardDESIGN: NICK DESANTIS, FORBES STAFF

In the past few days, new economic reports have come out that don’t paint a very rosy picture for a number of economic items. While GDP hit 4.1% for the June quarter, but only 2.9% year over year, and the unemployment rate is hovering at all-time lows, inflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning .

The following reports on inflation and wages could be a couple of the reasons that many American workers are not feeling better about their financial situation. And add to those concerns about Trump’s tariffs, especially as it applies to products such as soybeans. To get an overview of economic data while Trump has been President check out “Trump’s Economic Scorecard: 18 Months Into His Presidency.”

Inflation continues to creep up

One impact from the CPI and PPI inflation reports this past week should reinforce the willingness of the Federal Reserve to raise its target interest rates in September and if inflation remains at these levels to do so again in December and in 2019.





Also, keep in mind that the inflationary impacts of Trump’s tariffs have not fully made their way into prices. As businesses costs increase a significant portion will be passed onto consumers.

For July the CPI, or Consumer Price Index, rose at a 2.9% rate which matches last months increase. This is close to double the 1.6% rate when Trump was elected and up from the 2.1% increase in December 2016, the month before he entered office.

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The Core CPI, which excludes food and energy, increased from 2.3% year over year for June to 2.4% in July. This is the highest Core CPI in over 10 years. The Fed is anticipating that the Core rate will level off soon per Capital Economics, but Capital Economics forecasts that, “core inflation will continue to trend higher.”

Core CPIDESIGN: NICK DESANTIS, FORBES STAFF

The Producer Price Index, or PPI, has risen over a full percentage point over the past year from 2.0% in July 2017 to 3.3% this year. The Core PPI, without food and energy, has risen almost a full percentage point from 2.0% to 2.8%. Typically the PPI leads the CPI as businesses should eventually pass at least some of their higher costs onto consumers.

Real wages are essentially flat in the past year

As inflation increases it puts a damper on wages. While average hourly earnings have increased from $26.34 per hour to $27.05, or 2.7% over the past year, inflation at 2.9% has actually lead to real wages falling a small amount from $10.78 per hour a year ago to $10.76 in July this year.

U.S. Hourly WagesDESIGN: NICK DESANTIS, FORBES STAFF

Federal deficit is ballooning

The U.S. Treasury published its July Monthly Treasury Statement and it showed that the first 10 months of fiscal 2018’s deficit of $$684 billion has surpassed all of fiscal 2017’s deficit of $666 billion. One of the downsides of Trump’s tax cuts is its impact on the Federal deficit as it is projected to increase to $1 trillion in fiscal 2020 per the Congressional Budget Office.

U.S. Federal DeficitDESIGN: NICK DESANTIS, FORBES STAFF

YOU said "The USA is stagnating economically like Commies", and I just proved you wrong. Again.

 

[Taz]

I'm a Fascist, not a Communist, nor a Capitalist.

Don't forget "dumb Polack" as well.

You Western Europeans are the dumb ones, look at the mess you're in now with EVERYTHING, it's ridiculous, and you keep looking for more of the "Same Solutions" that caused all the problems.

YOU don't even want to live in Poland. "Nuff said.