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POVERTY SPIKES TO 1960S LEVEL
#1
Communism....making everybody EQUALLY poor.

http://www.dailymail.co.uk/news/article-...nding.html

U.S. sees highest poverty spike since the 1960s, leaving 50 million Americans poor as government cuts billions in spending... so does that mean there's no way out?

By Ap

LOL.....blame the cuts, which haven't happened and AREN'T cuts.....these media psycophants never stop with the fraud agendizing.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#2
Pocketprotector;93103 Wrote:Communism....making everybody EQUALLY poor.

Yeah but the Dow Jones is at record highs.

So how do you rationalize the unprecedented success of capitalism's greatest symbol with "Communism..." being the cause of poverty? Isn't the current situation in fact the very antithesis of a Communist economy?
gascolator, proud to be a member of pa2a.org since Nov 2012.
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#3
The Fed & Monopoly money. $80B a month til eternity. Devaluing you dollar one month at a time.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#4
gascolator;93150 Wrote:
Pocketprotector;93103 Wrote:Communism....making everybody EQUALLY poor.

Yeah but the Dow Jones is at record highs.

So how do you rationalize the unprecedented success of capitalism's greatest symbol with "Communism..." being the cause of poverty? Isn't the current situation in fact the very antithesis of a Communist economy?

No, if you look at the situation honestly you couldn't possibly call it the antithesis. The government essentially took over a car company and is still the biggest investor in it. It has given control over said company to the labor unions while ignoring the original investors and leaving them high and dry. There have also been moves, more to come I believe, that would result in the government taking over many of the banking institutions in this country, or at the very least driving many out of business. Additionally you have an unprecedented amount of fiat currency being printed in order to support the plans of this administration which is driving the prices of various commodities, can you say gas or oil, constantly upward. Just because the Dow is up it doesn't mean that all is peaches and cream.
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USAF (1976 -1986) NRA, GOA Anim_sniper2
"The problems we face today are there because the people who work for a living are outnumbered by those who vote for a living." Dan Cofall
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#5
billamj;93154 Wrote:
gascolator;93150 Wrote:Yeah but the Dow Jones is at record highs.

So how do you rationalize the unprecedented success of capitalism's greatest symbol with "Communism..." being the cause of poverty? Isn't the current situation in fact the very antithesis of a Communist economy?

No, if you look at the situation honestly you couldn't possibly call it the antithesis. The government essentially took over a car company and is still the biggest investor in it. It has given control over said company to the labor unions while ignoring the original investors and leaving them high and dry. There have also been moves, more to come I believe, that would result in the government taking over many of the banking institutions in this country, or at the very least driving many out of business. Additionally you have an unprecedented amount of fiat currency being printed in order to support the plans of this administration which is driving the prices of various commodities, can you say gas or oil, constantly upward. Just because the Dow is up it doesn't mean that all is peaches and cream.

"Leaving...the original investors...high and dry" is the very heart of capitalism. The person with the capital bears the risk, and reaps all of the reward, while controlling the means of production.

In the case of GM, for example, the unions made huge, and I mean, huge concessions (although they mostly screwed the new-hires, while leaving the old guard un-touched) in order for their company to get bailed out and their jobs saved. As a result, though, the whole tone of relations between management and labor has changed at GM, and much for the better. The company still has the problem of figuring out how to make more cars that more people will want to buy. That's a tall order in a world where there are Fords and Toyotas to contend with. GMs products are fantastic by comparison with ten years ago. But the competition's product is even more fantastic.

And I didn't say all was "peaches and cream." What I said was that the very symbol of capitalism being way up (and that's what those numbers are: capital equity) indicated that the issue wasn't "Communism."

The issue is the widening gulf between the rich and (working) poor. An honest day's work doesn't support a family or even half a family in many cases. In spite of the real-estate "bust" rents are still just as high as ever; material goods keep going up as the cost of the energy to get them to market goes ever higher, amid ever-growing energy company profits. A lot of the middle class would like to stop shopping at Walmart, to stop supporting their lousy wages and benefits, but can't afford to because they're struggling to stay middle-class. Meanwhile, there's a class of people who make (note I didn't say "earn") billions every year and have a far lower tax rate than you and I.
gascolator, proud to be a member of pa2a.org since Nov 2012.
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#6
gascolator;93160 Wrote:
billamj;93154 Wrote:No, if you look at the situation honestly you couldn't possibly call it the antithesis. The government essentially took over a car company and is still the biggest investor in it. It has given control over said company to the labor unions while ignoring the original investors and leaving them high and dry. There have also been moves, more to come I believe, that would result in the government taking over many of the banking institutions in this country, or at the very least driving many out of business. Additionally you have an unprecedented amount of fiat currency being printed in order to support the plans of this administration which is driving the prices of various commodities, can you say gas or oil, constantly upward. Just because the Dow is up it doesn't mean that all is peaches and cream.

"Leaving...the original investors...high and dry" is the very heart of capitalism. The person with the capital bears the risk, and reaps all of the reward, while controlling the means of production.

In the case of GM, for example, the unions made huge, and I mean, huge concessions (although they mostly screwed the new-hires, while leaving the old guard un-touched) in order for their company to get bailed out and their jobs saved. As a result, though, the whole tone of relations between management and labor has changed at GM, and much for the better. The company still has the problem of figuring out how to make more cars that more people will want to buy. That's a tall order in a world where there are Fords and Toyotas to contend with. GMs products are fantastic by comparison with ten years ago. But the competition's product is even more fantastic.

And I didn't say all was "peaches and cream." What I said was that the very symbol of capitalism being way up (and that's what those numbers are: capital equity) indicated that the issue wasn't "Communism."

The issue is the widening gulf between the rich and (working) poor. An honest day's work doesn't support a family or even half a family in many cases. In spite of the real-estate "bust" rents are still just as high as ever; material goods keep going up as the cost of the energy to get them to market goes ever higher, amid ever-growing energy company profits. A lot of the middle class would like to stop shopping at Walmart, to stop supporting their lousy wages and benefits, but can't afford to because they're struggling to stay middle-class. Meanwhile, there's a class of people who make (note I didn't say "earn") billions every year and have a far lower tax rate than you and I.

Not when the government imposes the cure on the company. The unions are what took GM into receivership in the first place, constant demands for more money when there is none coming in tends to do that. See: Economy, Federal for more information. Let's not forget that the feds forced GM to sell everything Hummer to the Chinese. That isn't capitalism. Neither is it capitalism when the feds forced Chrysler to sell out to Fiat. The government doesn't force one company to sell to another, much less to a foreign company, in a capitalist system. They let the bad companies implode. You only want to see one side of the coin. GMs products today are still shit! I wouldn't own one if it was given to me. The lose as much as 50% on one of their Volts, you know the cars that Obama wants everyone to own, they're selling them for 45k and they cost 90k to make. Oh yeah, and the battery company that was supposed to make all of the batteries, that the feds bailed out, has gone into receivership and may now become part of the People's Republic of China.

As for an honest man's ability to feed himself and his family, thank the government for that. We're in a freaking recession and they are adding taxes. A number of them are end user taxes that only increase inflation because that money isn't being used to create anything except more fiat money. Just look at the prices of oil and gas. The government wants to add more taxes to that. That will drive the cost of transportation for everything up. Do you honestly believe that the cost will be swallowed by the distributors? Try again, they'll pass it on to the consumer along with an additional stipend for themselves.

The problem in this country is too damn much government, and most of the trends that we're seeing today lend themselves better to Socialism or Communism than they do to Capitalism. Like it or not!
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USAF (1976 -1986) NRA, GOA Anim_sniper2
"The problems we face today are there because the people who work for a living are outnumbered by those who vote for a living." Dan Cofall
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#7
Lets see, Debt in the TRILLIONS, Unemployment at least 9%, Iran is nuclear, North Korea is asking for war, China constantly hacking our computers for intelligence, Food stamps through the roof and all this Pres. and administration does is try to ban guns and take away our rights. Real smart huh?
das, proud to be a member of pa2a.org since Sep 2012.
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