Middle Class Net Worth Collapses to 1969 Levels

"Well, my worst fear is that Obama and the Democrats have cracked the same electoral code Obama and the Democrats cracked in Chicago and most every big city in America. A code that wins them election after election after election in places like Chicago, Detroit, Washington DC, and Los Angeles, even as those cities literally crumble into bankruptcy before the voters' eyes.

But if you get enough people on the government dole; divide the population as a whole but conquer through a fractured coalition; empower the unions, and so weaken, defeat, and demonize the opposition (Republicans) -- you can stay in power even as your policies decimate everything they touch.

Oh, and the media. In order for America to become The United States of Chicago, Democrats must own the media -- a corporatist media for a corporatist party that defends the status quo, demonizes the opposition, and, most importantly, regards the creation of 100,000 jobs and a 2.7% GDP as something worth celebrating".

Last Edited by No Dhimmi on 12/01/2012 05:58 PM

Thread: Why the American Left Won’t Stop Until It Has Ruined Everything

Thread: Democrats Used the Mentally Disabled to vote Obama

"What does it say about the everyday American people that falling incomes, chronic unemployment, increasing poverty, collapsing net worth, and stagnant economic growth qualifies as an acceptable enough record to win a second chance to do more of the same? But the most frightening prospect in all of this is that our current economic situation has apparently become the new and accepted normal.

People seem to have forgotten the boom times between 1983 and 2007 -- almost a quarter century of unprecedented growth, incredibly low unemployment, manageable deficits, and a growing of the wealth pie that was interrupted only by two shallow recessions. Just a few years ago, the thought of celebrating 100,000 new jobs per month and a 2.7% GDP was unimaginable".

The Working Class and the Government Class

The real fiscal cliff is not the point at which we run out of money, our credit rating sinks lower than Enron and everyone is fighting over jars of cat food at Wal-Mart. The real fiscal cliff is when even the dumbest person in the country is no longer able to deny what the packs of robbers and thieves he appointed to steal for him have perpetrated for their own benefit in his name. And that fiscal cliff may never come.

[link to frontpagemag.com]

The major development of the last decade has been the government’s class disinterest in the economic sustainability of its demands. Call it the Californization of America.

Obama has emerged as the champion of the government class, his complete disregard for the fiscal consequences of his actions, allows him to act as the champion of a predatory government class that lies and bludgeons its way through all obstacles like a horde of Black Friday shoppers, grabbing everything in sight, without caring about what will happen tomorrow.

The parasite has gotten so big that it believes that it is the host and that the host is the parasite. Under the influence of its own propaganda, the government class has come to think of itself as productive and creative, and of the working class as a parasitic blot, holding on to the money that rightfully belongs to the government class. But just as parasites cannot survive without hosts, governments cannot survive without people to do the actual work.

Wow, already 2 libs give me 1 star each - can't handle the math?

in one year it will be back to 1935

in 2 years many will be dead from civil war....

You need to stop focusing on Obama and start realizing the whole government has been bought for the last 50 to 100 years and they have been passing every kind of wealth creating scam for the top of the food chain including

Imperialist wars
Corporate welfare
Corporate bailouts
Globalism
Free Trade
Bush Tax Cuts
No Inheritance tax
Low capital and dividend taxes
Multinationals permitted to warehouse profits overseas tax free
Military industrial spending at almost a trillion a year
Deregulation and then the bank bailouts.


Reagan gave us trickle down and globalism, Bush (x2) wars and globalism, Obama wars and globalism - Obama is just the latest shill, The liberal/conservative line is bullshit they use to distract you from what is really happening.

I agree - but the left is speeping this along much faster (I inlcude RINOS in this as they are stealth leftist)

The only way out of this, in my opinion, is to tax the shit out of all imports and China be damned. Let the third-world countries deal with that fact themselves rather than raising them up in the world at the expense of the US, making us a third-world country.

No, that is both immoral and unworkable.

The way out of this is to scrap the individual income tax, scrap the corporate tax deductions for expenditures that are not direct American employee wages, and kick China back out of the WTO (which Clinton facilitated after their huge illegal campaign contributions).

There are only two factions in America:

Constitutionalists
and Everyone Else.

Government is now comprised of Everyone Else.

god. I've been seeing that number EVERYWHERE lately.
the moon landing, been hearing about that a lot. (just wrote a paper about it)
a special on the history channel about that time period all day. (hippies, mood landing, drugs, etc) I honestly feel like I've been hearing about 1969 for a few days, have had some school song about it stuck in my head for days. bizarre.

so much truth in the bolded parts. sad.

FORWARD in Osamba's race to the bottom

Obumba will save us all.. Amen!

jan 1st is crunch time......

Amen!

The parasite has gotten so big that it believes that it is the host and that the host is the parasite. Under the influence of its own propaganda, the government class has come to think of itself as productive and creative, and of the working class as a parasitic blot, holding on to the money that rightfully belongs to the government class. But just as parasites cannot survive without hosts, governments cannot survive without people to do the actual work.

This is the best explanation I have seen of the shift in parasite-producer relations. Eventually the parasites will wonder what happened to them.

Last Edited by s. d. butler on 12/01/2012 08:08 PM

anyone with an IQ over 10 knows that the conservatives answer to the same masters as the liberals

5 *'s for you, OP!

Unfortunately, it doesn't take a university study to tell us we are in deep crap. The study just validates what we already knew.

Its not right or left. We have lost our unity. This country has never been so divided, and not just politically either.