Economic "Smoke and Mirrors"

[EXTXOILMAN]

Originally Posted by CJohnny54

Previous laws tax were written to protect the wealthy during the recession. The QE was used for the market and protect pension. Now the Country need revenue to continue the recovery, some are treating to leave the US ex. Paulson.

Uhhh, CJ, you should really learn English before sitting down to post your idiotic rants.

[Chica Chaser]

Originally Posted by EXTXOILMAN

+1, CC. CEO's are paid to do one thing...generate profits for the shareholders. The fact that they are now figuring out how to make enormous profits by doing more with less does not bode well for the job market for quite a while to come. With the economy the way it is, there isn't any need to hire workers because their productivity isn't required. Are they expected to hire more people to just stand around with nothing to do just so a bunch of libtards will feel better because that mean ole CEO is making less money??

Until O'Blunder and his minions take their boot off the neck of the producers in this country, none of the above will change.

That pretty much answers CJ's asinine statements.
CJ, you should be the CEO of your own company. Then you can pay yourself at the level of your employees. Problem solved.

[Chica Chaser]

Originally Posted by WTF

http://www.youtube.com/watch?v=n8SgfJy2xVI


In the sixties, CEO pay vs average worker 30/1

Now it can be 400/1


What has change CC?

That video should be memorialized and gold plated as the absolute definition of "Wealth Envy" and "Wealth Resentment"

Probably the greatest harm done by vast wealth is the harm that we of moderate means do ourselves when we let the vices of envy and hatred enter deep into our own natures.
Theodore Roosevelt

In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.
Confucius

I think when you spread the wealth around it's good for everybody.
Barack Obama

[guest043013-2]

As a project engineer who has had to scrape for every penny to spend on a project that would make a company more profitable, or in the case of environmental projects, make it more environmentally friendly, etc., I only wish that the CEOs of the world would consider taking a small paycut and investing that money back into the company. The impact they could have on the bottom line, their profitability would improve tremendously.

With regards to unemployment, all you have to do is look around. The number of people who have just given up, who even with all of the extended benefits, have run out of unemployment benefits and no longer show up on the "unemployment statistics" or in some ways even worse, the "under-employed" category. How many college grads are flipping burgers, how many well qualified former military are mopping floors, perhaps at 2-3 jobs, to try to make a living. These people don't show up on the unemployed ranks, they have a job.

As Obamacare fully kicks in in 2014, you are going to see an explosion of part-time jobs. Workers will find themselves having to take 2-3-4 of these part-time positions to eke out any kind of living.

And through this all, the Fed just keeps printing money, propping up the economy, devalueing the value of our assets.

In 2017, a new president will take over, the ability to use the smoke and mirrors to hide the true state of the economy will evaporate. Rather than blame the past administration, no one will blame Obama, they will either try to blame it on Bush still, if the next President is Democratic, or if the Republican Party is able to re-group, then the media will blame the new President for the economic ruin that suddenly appears after 8 years of Obama's wonderful numbers.

[WTF]

Originally Posted by Chica Chaser

That video should be memorialized and gold plated as the absolute definition of "Wealth Envy" and "Wealth Resentment"

Crony Capitalist fucking the American worker is WTF is should be labeled. Folks that do not understand income inequity are will be just like the Jews. "First they came for so and so and nobody protested, then they came for me and there was nobody left to protest."





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Out of Balance

A Harvard business prof and a behavioral economist recently asked more than 5,000 Americans how they thought wealth is distributed in the United States. Most thought that it’s more balanced than it actually is. Asked to choose their ideal distribution of wealth, 92% picked one that was even more equitable.


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Capitol Gain

Why Washington is closer to Wall Street than Main Street.

membermax. est. net worthRep. Darrell Issa (R-Calif.)$451.1 millionRep. Jane Harman (D-Calif.)$435.4 millionRep. Vern Buchanan (R-Fla.)$366.2 millionSen. John Kerry (D-Mass.)$294.9 millionRep. Jared Polis (D-Colo.)$285.1 millionSen. Mark Warner (D-Va.)$283.1 millionSen. Herb Kohl (D-Wisc.)$231.2 millionRep. Michael McCaul (R-Texas)$201.5 millionSen. Jay Rockefeller (D-W.Va.)$136.2 millionSen. Dianne Feinstein (D-Calif.)$108.1 millioncombined net worth:$2.8 billionCongressional data from 2009. Family net worth data from 2007. Sources: Center for Responsive Politics; US Census; Edward Wolff, Bard College.
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Who's Winning?

For a healthy few, it's getting better all the time.

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YOUR LOSS,THEIR GAIN

How much income have you given up for the top 1 percent?


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See our charts on the secrets of the jobless recovery, the richest 1 percent of Americans, and how the superwealthy beat the IRS. Some samples:

YOU HAVE NOTHING TO LOSE BUT YOUR GAINS

Productivity has surged, but income and wages have stagnated for most Americans. If the median household income had kept pace with the economy since 1970, it would now be nearly $92,000, not $50,000.



MEET THE ELITE

ONLY LITTLE PEOPLE PAY TAXES




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[WTF]

Originally Posted by tigercat

In 2017, a new president will take over, the ability to use the smoke and mirrors to hide the true state of the economy will evaporate. Rather than blame the past administration, no one will blame Obama, they will either try to blame it on Bush still, if the next President is Democratic, or if the Republican Party is able to re-group, then the media will blame the new President for the economic ruin that suddenly appears after 8 years of Obama's wonderful numbers.

Folks like you are living under a rock...all the oil discovered in this country in the last few years has been its salavation. Things are booming down here in the Gulf Coast region. Having our own oil saves us from sending our military all around the world, we are in exciting times for the next 20 years, the people that bet aganist this country as a whole will lose big time. Yes there will be segments of society that get hammered, in good times and bad.

[CJ7]

God Bless Texas !