AP: 80% of US adults are in poverty or close to it

[Winehole23]

Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.




"It's time that America comes to understand that many of the nation's biggest disparities, from education and life expectancy to poverty, are increasingly due to economic class position," said William Julius Wilson, a Harvard professor who specializes in race and poverty. He noted that despite continuing economic difficulties, minorities have more optimism about the future after Obama's election, while struggling whites do not.


"There is the real possibility that white alienation will increase if steps are not taken to highlight and address inequality on a broad front," Wilson said.

http://www.cbsnews.com/news/80-percent-of-us-adults-face-near-poverty-unemployment-survey-finds/

[Wild Cobra]

And it's just going to get worse as long as we send our money overseas. We need to tariff the shit out of imports, and start making products here again. Put people back to work, in an environment where supply and demand of employees raises wages.

Also... Stop employing illegals!

[boutons_deux]

... but leave the $1T+ per year expanding/maintaining US BigCorp/MIC Empire untouched.

[spurraider21]

Tariffs fuck over the consumers and effectively subsidize the company owners who quite frankly are doing well enough

[boutons_deux]

Tariffs fuck over the consumers and effectively subsidize the company owners who quite frankly are doing well enough

The whole point of tariffs: to encourage, protect domestic production so it doesn't have to compete with sweat-shop, polluting, exchange-rate-rigging countries.

[spurraider21]

The whole point of tariffs: to encourage, protect domestic production so it doesn't have to compete with sweat-shop, polluting, exchange-rate-rigging countries.
i get the point of it.

the problem is it fucks over consumers by jacking up prices. it also gives labor unions more leverage, which has benefits, but also leads to a further fucking of the consumer

[boutons_deux]

i get the point of it.

the problem is it fucks over consumers by jacking up prices. it also gives labor unions more leverage, which has benefits, but also leads to a further fucking of the consumer

but those consumers are paying more for domestic goods made by domestic companies, employees, who of course, all those Ms of protected jobs, will spend their salaires.

It's the same effect of $15 or $25/hour FED minimum wage. Those people spend every penny of their new salaries, a stimulus to the economy while getting 10Ms off public assistance.

[Wild Cobra]

... but leave the $1T+ per year expanding/maintaining US BigCorp/MIC Empire untouched.

What's the problem if the wealth stays here, instead of going to China, Malaysia, Cambodia, etc?

All I see from you is jealousy!

[Wild Cobra]

The whole point of tariffs: to encourage, protect domestic production so it doesn't have to compete with sweat-shop, polluting, exchange-rate-rigging countries.

Wow...

I think that's the second time you got something right this year!

[Wild Cobra]

i get the point of it.

the problem is it fucks over consumers by jacking up prices. it also gives labor unions more leverage, which has benefits, but also leads to a further fucking of the consumer
Isn't it better for unions to have leverage to raise wages, than for a corporation closing shop and moving to India, and no longer employing US workers?

[spurraider21]

its all gravy until it (inevitably) fucks consumers

[Wild Cobra]

its all gravy until it (inevitably) fucks consumers

In the name of 1/2 price items from overseas, we are fucking ourselves with the free trade agreements.

[ducks]

This was before 45

[DMX7]

This was before 45

Now it’s probably like 90%.

[TDMVPDPOY]

ppl living on credit, using credit to live that fake materialistic life....

a cousin bought 2 mercs and renting a house, im like u can sell those 2 cars and have enough to pay for half the house, yet why rent and continue shit talk u bought a house? makes no fkn sense when the car depreciates and end of the day u got nothing to ur name to show for it... looks like another chump living day to day with welfare cheques...lol bastard children to bastard partners, nothing to see here

[boutons_deux]

ppl living on credit, using credit to live that fake materialistic life....

a cousin bought 2 mercs and renting a house, im like u can sell those 2 cars and have enough to pay for half the house, yet why rent and continue shit talk u bought a house? makes no fkn sense when the car depreciates and end of the day u got nothing to ur name to show for it... looks like another chump living day to day with welfare cheques...lol bastard children to bastard partners, nothing to see here

that's the Capitalist strategy, lend you money, enslave you forever to debt, collect $Ts in interest.

Debt slavery, with your credit score popping the whip.

With Fed extremely low interest rate, the "spread" for BigFinance (who doesn't lower suckers' interest rate) is enormous.

Not only consumer credit, bit BigCorp has gorged on low-cost debt.

BigFinance then creates C-MBS many of which will fail as the commercial rental market craters.

2021 is gonna be 2009 all over again.

[Chumpette]

Thanks, Orange Man.

[BSfromTX]

that's the Capitalist strategy, lend you money, enslave you forever to debt, collect $Ts in interest.

Debt slavery, with your credit score popping the whip.

With Fed extremely low interest rate, the "spread" for BigFinance (who doesn't lower suckers' interest rate) is enormous.

Not only consumer credit, bit BigCorp has gorged on low-cost debt.

BigFinance then creates C-MBS many of which will fail as the commercial rental market craters.

2021 is gonna be 2009 all over again.


Money (our fiat currency, . Is the ultimate monopoly. It is a monopoly on credit and exchange of goods and services. You are correct in that we are all slaves to it. We have no choice in how we can exchange goods and services and pay our taxes. True capitalism would want multiple forms of currency competing for our business, so the system at its core is already rigged with a monopoly on the money supply.

The federal reserve, IMF, world bank,etc IMO is the ultimate enemy. It controls not only our credit and money supply, but it is the ultimate tool used to control media and politics..

you blame capitalism, but capitalism (IMO) is similar to socialism in the the sense that they both sound good in theory.... the problem is the administration and corruption of it. We don’t have capitalism. We have crony capitalism controlled by bureaucrats. With any ideology, you will end up with People like Pelosi, Trump, Bush, Obama, etc running the show, because the federal reserve will always be there to facilitate corruption, greed, and influence.

also, it is a debt based monetary system. You need more debt to feed the beast. It is why our debt will almost incerease exponentially regardless of who is running the show.