at least that guy seems to have a good idea that this economic problem did not just start. many don't realize that the US economy (and other highly advanced countries) started to slow significantly in the late 60's early 70's. in the US this was after about 2 good decades of boom post WWII were everyone was seeing real income growth annually. when the economy's of other countries started to slow back in that time frame is when they came asking for payments (in gold) that the US owed on WWII debts. this is why Nixon took the USD fiat so the FRB could increase the money supply and increase inflation and decrease those obligations as the USD was no longer fixed to the gold price. in the business world of nations and debt this is what they do, it's the "nice" way of defaulting on debt. this is also when they started to manipulate the data used to calculate the CPI to understate inflation, this drastically reduces the amount of monies that the treasury has to disperse in terms of increasing SS benefits
those of us that have always lived in the metro area have been well aware of employment problems for many decades. I grew up in Philly and graduated college in 89 at the top of my class. after about 2-3 months of job searching, I wasn't getting any responses and that was why I joined the military. I had actually wanted to go right out of HS but my parents talked me into putting it off and hopefully getting over it. I had friends from college that returned to their home city's the next year and many also had employment problems.
as the saying goes "things move slower in the south". the economic problems in the country have finally hit the interior and this is why many conservatives in rural America there think it is a new development when it surely is not.
WORKING PAPER #564
INDUSTRIAL RELATIONS SECTION
Version: May 4, 2011
Right on! To that weatherman on Fox news, I say fuck you too.
These fuckers are that supporting these banks and the status quo are the true unamericans and the unpatriots, calling these people that were in the service unamerican and unpatriotic is just retarded mindless drivel.
Besides, we've seen this script before, pointing your finger and accusing people of being guilty of exactly what you are...remember!
Been to LA occupy, and took my money out of chase, them mother phuqas...
A person would have to have a complete lack of understand of mathematics along with living in an alternate reality to believe the shit that comes out of these peoples mouths.
Those burdensome regulations like the minimum wage and limiting a work week to 40 hours a week are causing all of the problems. The only way to fix this is by allowing companies to pay what they want and force workers to work however many hours they feel the workers should work. That way when they are making $200 dollars a week working 60 hours they will be able to easily pull themselves out of poverty. Plus, the job creators will have more money at their disposal to create more jobs.
If sense were common, everyone would have it.
4/2007-Current 75th Ranked most popular image 1 spot behind Prince's bulge...
a couple of months ago I had a debate with gears who somehow has his MBA yet knows nothing about economics or business. I tried to explain to him and others that having to many privatized large firms is counter-productive to the economy as all the "profits' from said industry, etc. are funneled up to the top. Below is a paper from Penn State explaining exactly that.