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Old 07-26-2014, 08:05 PM  
gblowfish gblowfish is offline
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Just Don't Call it "Class Warfare."

Because you already lost:

http://www.nytimes.com/2014/07/27/bu...=top-news&_r=1

Economic inequality in the United States has been receiving a lot of attention. But itís not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.

The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution ó the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially.

The Russell Sage study also examined net worth at the 95th percentile. (For households at that level, 94 percent of the population had less wealth and 4 percent had more.) It found that for this well-do-do slice of the population, household net worth increased 14 percent over the same 10 years. Other research, by economists like Edward Wolff at New York University, has shown even greater gains in wealth for the richest 1 percent of households.

For households at the median level of net worth, much of the damage has occurred since the start of the last recession in 2007. Until then, net worth had been rising for the typical household, although at a slower pace than for households in higher wealth brackets. But much of the gain for many typical households came from the rising value of their homes. Exclude that housing wealth and the picture is worse: Median net worth began to decline even earlier.

ďThe housing bubble basically hid a trend of declining financial wealth at the median that began in 2001,Ē said Fabian T. Pfeffer, the University of Michigan professor who is lead author of the Russell Sage Foundation study.

The reasons for these declines are complex and controversial, but one point seems clear: When only a few people are winning and more than half the population is losing, surely something is amiss.
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Old 07-26-2014, 08:10 PM   #2
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Old 07-26-2014, 08:11 PM   #3
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Makes you wonder why the chimp in chief continually attacks the middle class.
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Old 07-26-2014, 08:15 PM   #4
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Obama says 'Much More' Can Be Done for Middle Class, he's had 6 years and the stats for the middle class keep going downward.
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Old 07-26-2014, 08:54 PM   #5
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Growing our economy from the middle out has had as much success as leading from behind....slogans are cool but seldom change anything.
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Old 07-26-2014, 09:11 PM   #6
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Economic inequality in the United States has been receiving a lot of attention. But itís not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.


And, that, is the ONLY part of this that matters. We have been heading toward a second "Gilded Age" over the last 10-15 yrs; a real backlash is coming unless we reverse course shortly...the real power of this republic is the voice of the people (not just the "elite" and top 1-2%.) That is what really makes us different from any other democratic wanna-be...the founders ultimately gave the real people the power--bu only if we choose to accept it. That's the only part, long term, that worries me. Do we? Or have we become France....or Greece. If so, it was a helluva ride though.
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Old 07-26-2014, 09:13 PM   #7
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Quote:
Originally Posted by Fairplay View Post
Obama says 'Much More' Can Be Done for Middle Class, he's had 6 years and the stats for the middle class keep going downward.
And it's the GOP's fight against anything that helps the middle class...at the expense of "more, more, and more" for the privileged and the 1-2%-ers that is really causing this stagnant malaise for working class and middle class Americans.

Those at the top need more, more, and MORE....always, and forever. And so far, no one significant (from either party) has objected too loudly....
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Old 07-26-2014, 09:24 PM   #8
HonestChieffan HonestChieffan is offline
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Quote:
Originally Posted by Mr. Kotter View Post
Economic inequality in the United States has been receiving a lot of attention. But itís not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.


And, that, is the ONLY part of this that matters. We have been heading toward a second "Gilded Age" over the last 10-15 yrs; a real backlash is coming unless we reverse course shortly...the real power of this republic is the voice of the people (not just the "elite" and top 1-2%.) That is what really makes us different from any other democratic wanna-be...the founders ultimately gave the real people the power--bu only if we choose to accept it. That's the only part, long term, that worries me. Do we? Or have we become France....or Greece. If so, it was a helluva ride though.
What do you see this backlash being? Cities afire? Storming the steps of the capitol?

I'd contend this may well be the most overplayed and least interesting plank a candidate could run on. Its a boring discussion. The answers trotted out out are bullshit and even the simple minded voter will see through this if they listen long enough...most won't. Its a negative issue. And it reeks of class warfare. And those two things are not vote getters. The crazy left dems will push this like mad but moderate democrats will avoid it like the plague.
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Old 07-26-2014, 09:32 PM   #9
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Originally Posted by Mr. Kotter View Post
And it's the GOP's fight against anything that helps the middle class...at the expense of "more, more, and more" for the privileged and the 1-2%-ers that is really causing this stagnant malaise for working class and middle class Americans.
And I bet most of the conservative dolts on this board don't even know the House GOP voted for a unfunded 287 billion, yes billion, corporate tax cut the other day. (All while complaining about debt and the amount of money Obama wants to address the border of course)
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Old 07-26-2014, 09:40 PM   #10
Aries Walker Aries Walker is offline
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Originally Posted by HonestChieffan View Post
What do you see this backlash being? Cities afire? Storming the steps of the capitol?
Oh, can I take this one?

Maybe. A 1929-style crash at least, if nothing changes, but I wouldn't be a bit surprised if the pitchforks and torches came out within our lifetimes.
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Old 07-26-2014, 09:42 PM   #11
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And I bet most of the conservative dolts on this board don't even know the House GOP voted for a unfunded 287 billion, yes billion, corporate tax cut the other day. (All while complaining about debt and the amount of money Obama wants to address the border of course)

Voted to make permanent the accelerated depreciation? Is that your issue?
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Old 07-26-2014, 09:47 PM   #12
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Originally Posted by Loneiguana View Post
And I bet most of the conservative dolts on this board don't even know the House GOP voted for a unfunded 287 billion, yes billion, corporate tax cut the other day. (All while complaining about debt and the amount of money Obama wants to address the border of course)
Dolts like HCF and other tea party douchebags will claim it's an "investment" in economic development and more jobs...

Funny how they reject "investments" in anything people, education, or general welfare related...
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Old 07-26-2014, 09:51 PM   #13
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Oh, can I take this one?

Maybe. A 1929-style crash at least, if nothing changes, but I wouldn't be a bit surprised if the pitchforks and torches came out within our lifetimes.
Raging Civil Disobedience? Lots of preppers see this as a possibility. Widespread walkouts and extended strikes, looting, destruction of infrastructure. Others are on that Wall Street Crash and the great depression all over again, huge layoffs, businesses shuttered, soup kitchens.
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Old 07-26-2014, 09:57 PM   #14
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Originally Posted by HonestChieffan View Post
Growing our economy from the middle out has had as much success as leading from behind....slogans are cool but seldom change anything.
Too bad GOP policies and even "moderate" Republican proposals (let alone anything presently championed by "tea party" douchebags) and don't address ANYTHING at all that would help "middle" America, but instead...only widens the gap between the rich and poor, between the rich and middle-class, and GROWS the already ridiculous gap between the top 1-2%-ers....and the rest of us dolts, miscreants, and undeserving "working" Americans--you know, most hard-working middle-class Americans. Serioulsy...these azzholes deserve to be guillotined...or worse,.

It seems Costco, Starbucks, Warren Buffet, and Bill Gates....are among the only "elite" who remotely seem to be understanding what is going on. Yet, the GOP and tea party douchebags keep listening to Talk Radio, FOX, and the hysterical rants of discredited "trickle-down" proponents.

Nero seems to be fiddling, again, while Rome burns....

Quote:
Originally Posted by HonestChieffan View Post
Raging Civil Disobedience? Lots of preppers see this as a possibility. Widespread walkouts and extended strikes, looting, destruction of infrastructure. Others are on that Wall Street Crash and the great depression all over again, huge layoffs, businesses shuttered, soup kitchens.
EXCEPT, you have it backwards....some of the elite may expect it (because they have read history, and understand that 'the people' will only take so much)...but most will be "surprised" and "shocked" by the uprising. And it won't be pretty, regardless; the question is...can we keep it civil.

Because it IS coming...short of an abrupt change of direction that I just don't see at this point....
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Old 07-26-2014, 10:00 PM
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Old 07-26-2014, 10:01 PM   #15
HonestChieffan HonestChieffan is offline
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Originally Posted by Mr. Kotter View Post
Too bad GOP policies and even "moderate" Republican proposals (let alone anything presently championed by "tea party" douchebags) and don't address ANYTHING at all that would help "middle" America, but instead...only widens the gap between the rich and poor, between the rich and middle-class, and GROWS the already ridiculous gap between the top 1-2%-ers....and the rest of us dolts, miscreants, and undeserving "working" Americans--you know, most hard-working middle-class Americans. Serioulsy...these azzholes deserve to be guillotined...or worse,.

It seems Costco, Starbucks, Warren Buffet, and Bill Gates....are among the only "elite" who remotely seem to be understanding what is going on. Yet, the GOP and tea party douchebags keep listening to Talk Radio, FOX, and the hysterical rants of discredited "trickle-down" proponents.

Nero seems to be fiddling, again, while Rome burns....

They are doing some guillotine fun at State Fairs this summer. Running in some derelicts for the fun of it.
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