What If We Actually Had Poor People In This Country?

[DOTR]

When my Pop was in Germany during WW2 and a civilian would call him an American he'd say: "American? I'm a Texan!"....My uncle did the same thing in the S.Pacific....what a pair they were.

The greatest generation. My grandfather was shot down twice. The first time over france and he made it back safely but the second time he was shot down over Anzio. He was captured and placed in a camp for terrorists where he suffered tremendously.
He knew well the world is not a friendly place.

 

[PoliticalChic]

Not true - not in California. The Communist regime here is waging war on the middle class and has driven hundreds of thousands into NoHome, NoHeat, NoFood. When Southern California Edison, a government monopoly, fired all of the American IT workers and brought in labor from India to replace them, these people were taken from the middle class into no income. Some bounced back, others didn't. This sort of warfare against middle class America is a daily event in California. The ruling Communist party has driven all industry except Silicone Valley. When, not IF, but WHEN China displaces Silicone Valley the single source of wealth in the Peoples Republic will be gone.

We are just like Venezuela. The elite depend on a single source of wealth. In Venezuela it was oil, here it is technology. But we have transferred our technology to China for decades, they already make all of our chips. It won't take much for them to take over the rest. When that happens, California will fall. The once great manufacturing sector has been deliberately destroyed. The Imperial Valley is a desert now with Chile providing the produce that once came from there. The oil fields are abandoned to rust.

We depend on a single source of income that the democrats have treasonously undercut for decades.

If they had no food, they'd be dead.

It's a simple test for mental capacity.

They rely on churches and relief organizations to feed them.

I live here, this is horribly real. It's new, it started about the time Obama came into office. The Communist rulers here in California became emboldened in their attack on the middle class. This may not be where you are, but it will be.

C'mon....you know I live in the People's Republic of NYC

In 10 years you'll be just as bad as we are...

I'm in Orange County, we were once the "Republican" enclave.

The policies Republicans have espoused for decades are an abject failure for the economy. Reagan's tax cuts used "earned income credits" to transfer the wealth of the nation from the working and middle class, to the top 10%. Bush's tax cuts accelerated the process, and Trump's tax cuts are already impacting negatively on the stock market, investment and job creation.

As long as the the United States is being run on the credit card, while your workers get little to no benefit from the record sales and profits your corporations are booking, your country and your economy will continue to decline.

"The policies Republicans have espoused for decades are an abject failure for the economy. "

1. Reagan brought in the golden age of our economy.
Be glad to prove that to you.

2. “In the 50 years since that time, U.S. taxpayers have spent over $22 trillion on anti-poverty programs. Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all U.S. military wars since the American Revolution. Yet progress against poverty, as measured by the U.S. Census Bureau, has been minimal, and in terms of President Johnson’s main goal of reducing the “causes” rather than the mere “consequences” of poverty, the War on Poverty has failed completely. “
The War on Poverty After 50 Years


Can't beat that for a record of failure.

 

[PoliticalChic]

P

Clean up your language...as though you were an adult.....and I'll obliterate your post.

What are you waiting for? Just do it lol. Teach me not to use profanity by checkmating me with your sound logic on poor people!

You made a bogus claim about the nutrition of Democrat voter's children...I showed quite the opposite with a link...

Poor children actually consume more meat than do higher-income children and have average protein intakes 100 percent above recommended levels. Most poor children today are, in fact, supernourished and grow up to be, on average, one inch taller and 10 pounds heavier than the GIs who stormed the beaches of Normandy in World War II.


So.....you have a reputable source stating that most poor children are undernourished, shorter and lighter than the GIs who stormed the beaches of Normandy?

No?


Just your usual lies????


Shocker.

Lol this is so dumb. Yeah, kids are heavier because the cheapest food is poison like McDonald’s instead of fruits, veggies, and wheat which are expensive to buy for daily consumption. If kids in the 40’s had access to the 15 McDonald’s in their city kids have now, they would be just as fat. Weighing more doesn’t automatically make you healthier. A poor person gets fat easily because all they can afford is fast food on a daily basis.

"As a group, America's poor are far from being chronically undernourished. The average consumption of protein, vitamins, and minerals is virtually the same for poor and middle-class children and, in most cases, is well above recommended norms. Poor children actually consume more meat than do higher-income children and have average protein intakes 100 percent above recommended levels. Most poor children today are, in fact, supernourished and grow up to be, on average, one inch taller and 10 pounds heavier than the GIs who stormed the beaches of Normandy in World War II."
How Poor Are America's Poor? Examining the "Plague" of Poverty in America


Bye, bye.

Still garbage propaganda from Koch brothers heritage, and still from 2007.

Poor children actually consume more meat than do higher-income children and have average protein intakes 100 percent above recommended levels. Most poor children today are, in fact, supernourished and grow up to be, on average, one inch taller and 10 pounds heavier than the GIs who stormed the beaches of Normandy in World War II.


So.....you have a reputable source stating that most poor children are undernourished, shorter and lighter than the GIs who stormed the beaches of Normandy?

No?


Just your usual lies????


Shocker.

 

[danielpalos]

Yes, please show how tax cut economics did anything more than increase the Debt at the expense of the Poor.

And, we have the richest poor in the world. That proves our anti-poverty programs work; we merely need to improve them.

 

[PoliticalChic]

The policies Republicans have espoused for decades are an abject failure for the economy.

Explaining why we currently have the best economy in 70 years....

Reagan's tax cuts used "earned income credits" to transfer the wealth of the nation from the working and middle class, to the top 10%. Bush's tax cuts accelerated the process, and Trump's tax cuts are already impacting negatively on the stock market, investment and job creation.

Right, the rich are robbing the poor - because the poor have all the money. You Communists have it all figured out.

As long as the the United States is being run on the credit card, while your workers get little to no benefit from the record sales and profits your corporations are booking, your country and your economy will continue to decline.

Say Comrade, just HOW much debt did Queer Barry add during his 8 years?

The slogans you recite from the hate sites are idiotic, you can't be taken seriously when you chant such utter stupidity.

90% of Obama's debt was averting another corrupt GOP World depression, and welfare and unemployment for the victims. So stupid you are...

Typical propaganda.

Here's Reuters refuting it:
"The unemployment rate announced three days after his election was 6.5%....not particularly terrible. But it was the only economic news, and had Obama insisting we were suffering "the worst economic crisis since the Great Depression." Obama: U.S. in worst crisis since Depression | Reuters


NEXT!

 

[BlueGin]

You can be sorry all you like, but the welfare system is a scam. There is no real poverty in this nation.

I can see why the left hate many on the right. You're an idiot. You don't need to be starving to be in poverty. You don't need to be starving even to just be hungry! You can eat and still be hungry. Try living for a month on American cheese and white bread. I bet you're real hungry. Then you start getting sick from malnutrition. Then comes the hopelessness and depression.

Why don't you go volunteer at a soup kitchen in the city, talk to the other volunteers and wise up. Your definition of a person in poverty is a person a few days from death.

Point being the government classifies people as below the poverty line if they make less than 20k a year.

Many eat and live better than the people that pay their way and can’t qualify for welfare.

 

[PoliticalChic]

The policies Republicans have espoused for decades are an abject failure for the economy.

Explaining why we currently have the best economy in 70 years....

Reagan's tax cuts used "earned income credits" to transfer the wealth of the nation from the working and middle class, to the top 10%. Bush's tax cuts accelerated the process, and Trump's tax cuts are already impacting negatively on the stock market, investment and job creation.

Right, the rich are robbing the poor - because the poor have all the money. You Communists have it all figured out.

As long as the the United States is being run on the credit card, while your workers get little to no benefit from the record sales and profits your corporations are booking, your country and your economy will continue to decline.

Say Comrade, just HOW much debt did Queer Barry add during his 8 years?

The slogans you recite from the hate sites are idiotic, you can't be taken seriously when you chant such utter stupidity.

90% of Obama's debt was averting another corrupt GOP World depression, and welfare and unemployment for the victims. So stupid you are...

Of course.

Anything Obama did wrong is the fault of Bush. Anything Trump does right is because of Obama. You snotty little children have said it all before.

Obama basically did nothing but pass ACA when he had 60 votes for 30 days
... Are you one of those idiots who has never heard of the 2008 Great recession corrupt bubble and bust? Because you listen to the GOP propaganda machine... Yes Bush left Obama a meltdown and Obama left Trump a fine economy. What he is now screwing up with giant tax cuts for no reason and tariffs and trade Wars. Idiocy.

Nay, nay....Hussein guaranteed nuclear weapons to the world's worst state sponsor of terrorism.

When he wasn't ruining the economy:

Obama, leaving this record behind....

1.“Team Obama: Sorry, America, the ‘new normal’ may be here to stay

The good times may be over for good. In a speech to the Economic Club of New York yesterday, US Treasury Secretary Jack Lew said the US GDP growth rate, adjusted for inflation, is now projected to run a little above 2% a year.”
Team Obama: Sorry, America, the 'new normal' may be here to stay - AEI



2. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.

The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.

“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..." http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0


3. . Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion | Investor's Business Daily

a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

b. ".... first president since Hoover to never have a single year above 3% GDP growth."Hedge fund billionaire calls Obama economy 'amazing'

 

[DOTR]

The policies Republicans have espoused for decades are an abject failure for the economy.

Explaining why we currently have the best economy in 70 years....

Reagan's tax cuts used "earned income credits" to transfer the wealth of the nation from the working and middle class, to the top 10%. Bush's tax cuts accelerated the process, and Trump's tax cuts are already impacting negatively on the stock market, investment and job creation.

Right, the rich are robbing the poor - because the poor have all the money. You Communists have it all figured out.

As long as the the United States is being run on the credit card, while your workers get little to no benefit from the record sales and profits your corporations are booking, your country and your economy will continue to decline.

Say Comrade, just HOW much debt did Queer Barry add during his 8 years?

The slogans you recite from the hate sites are idiotic, you can't be taken seriously when you chant such utter stupidity.

90% of Obama's debt was averting another corrupt GOP World depression, and welfare and unemployment for the victims. So stupid you are...

Typical propaganda.

Here's Reuters refuting it:
"The unemployment rate announced three days after his election was 6.5%....not particularly terrible. But it was the only economic news, and had Obama insisting we were suffering "the worst economic crisis since the Great Depression." Obama: U.S. in worst crisis since Depression | Reuters


NEXT!

I remember well Algore and Clinton claiming we were in "the worst crisis since the great depression" with huge grins on their faces. I wonder how many election campaigns they have made that claim in? In the last fifty years have Democrats ever said..even once..."things are going well so we can lower taxes and handouts and take a break"?
Ever?

 

[PoliticalChic]

The policies Republicans have espoused for decades are an abject failure for the economy.

Explaining why we currently have the best economy in 70 years....

Reagan's tax cuts used "earned income credits" to transfer the wealth of the nation from the working and middle class, to the top 10%. Bush's tax cuts accelerated the process, and Trump's tax cuts are already impacting negatively on the stock market, investment and job creation.

Right, the rich are robbing the poor - because the poor have all the money. You Communists have it all figured out.

As long as the the United States is being run on the credit card, while your workers get little to no benefit from the record sales and profits your corporations are booking, your country and your economy will continue to decline.

Say Comrade, just HOW much debt did Queer Barry add during his 8 years?

The slogans you recite from the hate sites are idiotic, you can't be taken seriously when you chant such utter stupidity.

90% of Obama's debt was averting another corrupt GOP World depression, and welfare and unemployment for the victims. So stupid you are...

Of course.

Anything Obama did wrong is the fault of Bush. Anything Trump does right is because of Obama. You snotty little children have said it all before.

In other words, having nothing to respond to sound economic theory and practices, you resort to childish schoolyard taunting, proving both your intellectual bankruptcy, and a juvenile response to a growing economic cloud on your horizon.

Obama, leaving this record behind....

1.“Team Obama: Sorry, America, the ‘new normal’ may be here to stay

The good times may be over for good. In a speech to the Economic Club of New York yesterday, US Treasury Secretary Jack Lew said the US GDP growth rate, adjusted for inflation, is now projected to run a little above 2% a year.”
Team Obama: Sorry, America, the 'new normal' may be here to stay - AEI



2. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.

The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.

“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..." http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0




3. . Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion | Investor's Business Daily

a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

b. ".... first president since Hoover to never have a single year above 3% GDP growth."Hedge fund billionaire calls Obama economy 'amazing'

 

[PoliticalChic]

As generous as I am, my present today for our Democrat voters, is to remove any necessity for that hand-wringing, or living in that crisis-mode your masters keep you in.

Democrat voters….be prepared to be shocked: there is neither racism nor poverty in this country!
Yup…you’ve been double-lied to….and you bought it like it was on sale.

The thread will concentrate on the latter lie.




There's no poverty, you have no need to either prepare to step over dead bodies due to starvation.....nor to ever vote Democrat again.


1. There is no poverty, no need for you to fork over a third or more of your income to the bosses.
Not the sham perpetuated by the Left to manipulate the soft-hearted/soft-headed to vote Democrat. I mean actual poverty.

Here’s the real definition, not one that is based on some folks having a slightly smaller house than you, or only a 50inch TV….

No Home, No Heat, No Food…..real poverty. If there is such a category in America, it is no more than a rounding error.



2. If you have cable TV….you’re not poor.

3. If you don’t clip the coupons and shop at several grocery stores for the best prices….you know you’re not really poor.

4. If you live in the city, and you have a car….you’re not poor.

5.If you spend more time signing up for government welfare programs rather than looking for creative ways to make some money,….you’re not poor- there are other words to describe you, and they aren't compliments.



You are poor???
Here....let me help:

Some plans if you need some extra bucks: (When Money is Tight, These 9 Resources Can Help You)

6. Make a Little Extra Money While You Watch TV
Surveys aren’t the quickest way to make money, but they’re a great way to cash in on your downtime and pad your pockets for the next rainy day. Fill them out while you’re watching TV, riding the bus or waiting in line.

One survey site we love is called InboxDollars. It offers several short, daily surveys. You earn cash, so you don’t have to worry about exchanging points. It also offers more ways to earn, such as watching videos, playing scratch-off games and searching the internet.

Bonus: You’ll get a free $5 just for signing up!


7. Sell Your Stuff
When you’re short on cash, look to the back of your closet and in the depths of your attic or basement. You’ll almost certainly find a bunch of stuff you don’t use anymore.

A lot of people see this clutter and start plotting a garage sale to earn extra money. The prospect is tempting — but a garage sale might not be worth your time.

Try some alternatives, like selling your stuff online or in town to earn more money with less hassle than hosting a full-blown garage sale. Apps like Letgo and Decluttr make it super easy to sell your stuff without sitting in the front yard and dealing with strangers all day.



More ways to get money without putting your hand in your neighbor’s pocket….next.

1."If you live in the city, and you have a car….you’re not poor."

I have a question: what planet do you live on ??? You did not even bother to introduce such a figure as the cost of gasoline, insurance and car repairs!

2."If you spend more time signing up for government welfare programs rather than looking for creative ways to make some money,….you’re not poor- there are other words to describe you, and they aren't compliments"

Tell me, and if a person does not have enough mind or education, to see the opportunity to become an enterpreneur, how should he be ??? Name at least one real opportunity for a person from the poorest strata to become provided! All the rest is profanation.

3.Do you you read AN Y special literature on wealth and poverty in the world, as well as in the U.S. that the vector of income growth of ordinary mortals irreversibly diverged from the vector of enrichment of the powerful of this world ???!

OXFAM recently stated that our civilization has passed the point in which the vectors of growth of wealth and poverty DIVERGE IRREVERSIBLY?!

Research and publications | Oxfam America

Couldn't be more false.

You could try to be, but you wouldn't succeed.

 

[BlueGin]

What bullshit.

Compared to the poor around the rest of the world...the lower middle class in this county making $40K is rich.

Do you think someone making $40K is rich?

Of course not.

Just stop

But you make them foot the bill for the healthcare,food,utilities etc of the so called “poor”...go figure.

 

[PoliticalChic]

You can be sorry all you like, but the welfare system is a scam. There is no real poverty in this nation.

I can see why the left hate many on the right. You're an idiot. You don't need to be starving to be in poverty. You don't need to be starving even to just be hungry! You can eat and still be hungry. Try living for a month on American cheese and white bread. I bet you're real hungry. Then you start getting sick from malnutrition. Then comes the hopelessness and depression.

Why don't you go volunteer at a soup kitchen in the city, talk to the other volunteers and wise up. Your definition of a person in poverty is a person a few days from death.

Point being the government classifies people as below the poverty line if they make less than 20k a year.

Many eat and live better than the people that pay their way and can’t qualify for welfare.

"You can do as well working one week a month at minimum wage as you can working $60,000-a-year, full-time, high-stress job.


WITH WELFARE IT MAKES SENSE TO WORK LESS,”

The chart is quite revealing. A one-parent family of three making $14,500 a year (minimum wage) has more disposable income than a family making $60,000 a year. If the family provider works only one week a month at minimum wage, he or she makes 92 percent as much as a provider grossing $60,000 a year."
http://granitegrok.com/wp-content/u..._With-welfare-it-makes-sense-to-work-less.pdf



From Emmerich:

You can do as well working one week a month at minimum wage as you can working $60,000-a-year, full-time, high-stress job.

My chart tells the story. It is pretty much self-explanatory.



Those on welfare, at least, have a reason to vote Democrat.....earners who vote Democrat are simply suckers.

 

[BlueGin]

You can be sorry all you like, but the welfare system is a scam. There is no real poverty in this nation.

I can see why the left hate many on the right. You're an idiot. You don't need to be starving to be in poverty. You don't need to be starving even to just be hungry! You can eat and still be hungry. Try living for a month on American cheese and white bread. I bet you're real hungry. Then you start getting sick from malnutrition. Then comes the hopelessness and depression.

Why don't you go volunteer at a soup kitchen in the city, talk to the other volunteers and wise up. Your definition of a person in poverty is a person a few days from death.

Point being the government classifies people as below the poverty line if they make less than 20k a year.

Many eat and live better than the people that pay their way and can’t qualify for welfare.

"You can do as well working one week a month at minimum wage as you can working $60,000-a-year, full-time, high-stress job.


WITH WELFARE IT MAKES SENSE TO WORK LESS,”

The chart is quite revealing. A one-parent family of three making $14,500 a year (minimum wage) has more disposable income than a family making $60,000 a year. If the family provider works only one week a month at minimum wage, he or she makes 92 percent as much as a provider grossing $60,000 a year."
http://granitegrok.com/wp-content/u..._With-welfare-it-makes-sense-to-work-less.pdf



From Emmerich:

You can do as well working one week a month at minimum wage as you can working $60,000-a-year, full-time, high-stress job.

My chart tells the story. It is pretty much self-explanatory.



Those on welfare, at least, have a reason to vote Democrat.....earners who vote Democrat are simply suckers.

The government social workers even tell clients this. Work less hours or have your boss doctor your check stubs to keep your benefits.

 

[PoliticalChic]

The policies Republicans have espoused for decades are an abject failure for the economy.

Explaining why we currently have the best economy in 70 years....

Reagan's tax cuts used "earned income credits" to transfer the wealth of the nation from the working and middle class, to the top 10%. Bush's tax cuts accelerated the process, and Trump's tax cuts are already impacting negatively on the stock market, investment and job creation.

Right, the rich are robbing the poor - because the poor have all the money. You Communists have it all figured out.

As long as the the United States is being run on the credit card, while your workers get little to no benefit from the record sales and profits your corporations are booking, your country and your economy will continue to decline.

Say Comrade, just HOW much debt did Queer Barry add during his 8 years?

The slogans you recite from the hate sites are idiotic, you can't be taken seriously when you chant such utter stupidity.

90% of Obama's debt was averting another corrupt GOP World depression, and welfare and unemployment for the victims. So stupid you are...

Typical propaganda.

Here's Reuters refuting it:
"The unemployment rate announced three days after his election was 6.5%....not particularly terrible. But it was the only economic news, and had Obama insisting we were suffering "the worst economic crisis since the Great Depression." Obama: U.S. in worst crisis since Depression | Reuters


NEXT!

I remember well Algore and Clinton claiming we were in "the worst crisis since the great depression" with huge grins on their faces. I wonder how many election campaigns they have made that claim in? In the last fifty years have Democrats ever said..even once..."things are going well so we can lower taxes and handouts and take a break"?
Ever?

Democrats:

"Dan Rostenkowski, standing next to the candidate in front of the cameras and the cheering crowd at the convention after the fateful speech, whispered to Mondale, "You've got a lot of balls, pal." According to Rostenkowski, Mondale whispered back, "Look at 'em, we're going to tax their ass off." Mondale says: "We're going to tax their ass off"



"In his 1972 presidential campaign, Sen. George McGovern's proposal to impose a 100% tax on any inheritance over $500,000 (about $2.6 million today) got a hostile reception from voters, most of whom were unlikely to ever be affected by it. According to the less-than-respectful assessment from a McGovern advisor, the problem was that "it would wipe out the dream factor — every slob in the street thinks that if he hits the lottery big, he may be able to leave half a million to his family."
Why populism isn't popular


Joe Biden: ‘I’ve Never Been Gainfully Employed In My Life’
Joe Biden: ‘I’ve Never Been Gainfully Employed In My Life’ | Breitbart

 

[PoliticalChic]

The bottom line here is that Republicans don't think the poor in America are poor enough.

But take heart. They're working to fix that

You can always let some of the less fortunate come live with you, buy their clothes,food,pay their medical bills. Lead by example and all that.

WHAT??????

Put their hands in their own pockets????????

Then they wouldn't be Liberals.

 

[DOTR]

The bottom line here is that Republicans don't think the poor in America are poor enough.

But take heart. They're working to fix that

You can always let some of the less fortunate come live with you, buy their clothes,food,pay their medical bills. Lead by example and all that.

WHAT??????

Put their hands in their own pockets????????

Then they wouldn't be Liberals.

Nancy Pelosi and Hillary Clinton didn't become multi-millionaires on government salaries by giving their own money away.

 

[PoliticalChic]

The bottom line here is that Republicans don't think the poor in America are poor enough.

But take heart. They're working to fix that

You can always let some of the less fortunate come live with you, buy their clothes,food,pay their medical bills. Lead by example and all that.

WHAT??????

Put their hands in their own pockets????????

Then they wouldn't be Liberals.

Nancy Pelosi and Hillary Clinton didn't become multi-millionaires on government salaries by giving their own money away.

They did it the Liberal way: they stole it.


But Pelosi didn't do it by selling out American assets to the Kremlin for $145 million.


I bet you know that politicians can use insider trading.

1. Schweizer points out that if you're an elected official and you sit on an important committee, you are allowed to trade on the information that comes to you or even results from your committee-related decisions. It stands to reason that if you're on the banking committee, you probably trade bank stocks, playing it both long and short. If you're a staffer, you may accumulate sensitive information and sell it to hedge funds. A lot of careerists trade on non-public information.
2. Nancy Pelosi, the 60th Speaker of the United States House of Representatives with an estimated net worth of $58 million, bought 5,000 shares of V (Visa) at the privileged IPO price $44. This trade showed a profit immediately and the shares went up to about $88 in a matter of days. However, Pelosi worked on major legislation that if it had not been killed in the body she led, would have had a strong negative affect on the price right at that time. The rest of us can't do it because we're subject to strict conflict of interest rules, unlike lawmakers. Plus, we're not invited to participate in IPOs until after the price is run up.
3. Congressmen are big winners in the stock market. They cultivate companies in their loyalty structure from whom they get insider information often at the committee level. There are many ways they get rich while serving constituents, especially if you know what big deal Warren Buffett will do and when. Many names are given in this book of successful inside information operators within Congress.
4. The Pay-to-Play regime and the flow of insider information can be used by even the most novice traders using an online brokerage account. One big story is how Congressman Spensor Bachus used a private meeting with Fed Chair Bernanke and Treasury Secretary Paulson. Bachus was in the role of Ranking Member on the House Financial Services Committee. He used the dire information presented to him in this meeting to bet heavily that the market would go down, using option trades. Bachus, working with Bernanke and Paulson from July 2008 to November 2008, scalped $50K out of the falling market. The book has lots of war stories like that.
5. …the political class is so intelligent that they--get this!--compel CEOs to let them buy lucrative shares in IPOs at very low prices in exchange for passing favorable legislation for those CEOs! And all the while, the stupid idiot people of America--that would be you and me who have a 9 to 5 job, worship God and like to go to a ballgame every now and then--just carry on with their ignorance-is-bliss lives while the political class keeps enriching their wealth, power and influence in this way!! Genius...simply genius!

Many members of Congress seem guilty here, including John Kerry, Dick Durbin, and Jim Moran. But Spencer Bachus takes the cake.

According to a new book called Throw Them All Out by Peter Schweizer




And these millionaires stay in office by getting suckers to vote for them by wringing their hands for the non -existent 'poor.'

 

[Dragonlady]

You can be sorry all you like, but the welfare system is a scam. There is no real poverty in this nation.

I can see why the left hate many on the right. You're an idiot. You don't need to be starving to be in poverty. You don't need to be starving even to just be hungry! You can eat and still be hungry. Try living for a month on American cheese and white bread. I bet you're real hungry. Then you start getting sick from malnutrition. Then comes the hopelessness and depression.

Why don't you go volunteer at a soup kitchen in the city, talk to the other volunteers and wise up. Your definition of a person in poverty is a person a few days from death.

Point being the government classifies people as below the poverty line if they make less than 20k a year.

Many eat and live better than the people that pay their way and can’t qualify for welfare.

"You can do as well working one week a month at minimum wage as you can working $60,000-a-year, full-time, high-stress job.


WITH WELFARE IT MAKES SENSE TO WORK LESS,”

The chart is quite revealing. A one-parent family of three making $14,500 a year (minimum wage) has more disposable income than a family making $60,000 a year. If the family provider works only one week a month at minimum wage, he or she makes 92 percent as much as a provider grossing $60,000 a year."
http://granitegrok.com/wp-content/u..._With-welfare-it-makes-sense-to-work-less.pdf



From Emmerich:

You can do as well working one week a month at minimum wage as you can working $60,000-a-year, full-time, high-stress job.

My chart tells the story. It is pretty much self-explanatory.



Those on welfare, at least, have a reason to vote Democrat.....earners who vote Democrat are simply suckers.

I love how you idiots twist yourself into pretzels trying to prove how “generous” your welfare system is, and yet we don’t ever see anyone getting $60 grand a year from welfare, do we?

Your article is from some blogger 6 years ago. Why isn’t every poor person in America doing this? Because it’s bullshit.

Everything your posting is links to discredited bullshit or articles years old. Mondale ran against Reagan.

The bald fact is that Republicans keep poor people, and that includes the working poor, dependent on handouts, so Republucan bosses don’t have to pay a living wage.

This is a Republican scam to subsidize wages to your largest corporations.

 

[toobfreak]

You can be sorry all you like, but the welfare system is a scam. There is no real poverty in this nation.

I can see why the left hate many on the right. You're an idiot. You don't need to be starving to be in poverty. You don't need to be starving even to just be hungry! You can eat and still be hungry. Try living for a month on American cheese and white bread. I bet you're real hungry. Then you start getting sick from malnutrition. Then comes the hopelessness and depression.

Why don't you go volunteer at a soup kitchen in the city, talk to the other volunteers and wise up. Your definition of a person in poverty is a person a few days from death.

Point being the government classifies people as below the poverty line if they make less than 20k a year.

Many eat and live better than the people that pay their way and can’t qualify for welfare.

YEP. Many do (buoyed by government programs). That also means that MANY DO NOT. A lot of people are in real bad shape and really hurting but fall through the huge cracks of not qualifying for any of the help they need to pull themselves up.

BIG GOVERNMENT: the great creator of poverty.

End result: some people get far more help than they deserve. The welfare abusers. While others get far less (while needing it).

 

[toobfreak]

"You can do as well working one week a month at minimum wage as you can working $60,000-a-year, full-time, high-stress job.

THAT'S A CROCK. Just one more ignorant claim from you. And it totally mischaracterizes welfare for many. Just because some abuse the system, you project your bias and hatred on them all. Basically PC, you are just one dried up, misery fart devoid of all compassion for others less fortunate than you. I bet you take flies from spiders. Your tune would rapidly change if you ever fell into their shoes!

Now you'd have us believe that a person working one week a month on minimum wage could afford to make home improvements, buy a boat, take nice trips, and buy other luxuries! You've totally disqualified yourself as an ape-shit rightwinger not deserving of ever being taken seriously again.