Posted on 09/23/2014 2:18:56 PM PDT by blam
By Michael Snyder
September 22nd, 2014
U.S. economy has had six full years to bounce back since the financial collapse of 2008, and it simply has not happened. Median household income has declined substantially since then, total household wealth for middle class families is way down, the percentage of the population that is employed is still about where it was at the end of the last recession, and the number of Americans that are dependent on the government has absolutely exploded. Even those that claim that the economy is "recovering" admit that we are not even close to where we used to be economically. Many hope that someday we will eventually get back to that level, but the truth is that this is about as good as things are ever going to get for the middle class. And we should enjoy this period of relative stability while we still can, because when the next great financial crisis strikes things are going to fall apart very rapidly.
The U.S. Census Bureau has just released some brand new numbers, and they are quite sobering. For example, after accounting for inflation median household income in the United States has declined a total of 8 percent from where it was back in 2007.
That means that middle class families have significantly less purchasing power than they did just prior to the last major financial crisis.
And one research firm is projecting that it is going to take until 2019 for median household income to return to the level that we witnessed in 2007...
For everybody wondering why the economic recovery feels like a recession, here’s the answer: We’re still at least five years away from regaining everything lost during the 2007-2009 downturn.
(snip)
(Excerpt) Read more at theeconomiccollapseblog.com ...
perfect
B/S. They were saying the same thing after Carter brought the economy down. “That’s just the way it’s going to be from now on.” Then along came Reagan.
We live in a new era of “Feudalism”. Based on socialism it is a system of “Neo-Feudalism” where the “Merchant” or “Middle” class is seen as a threat by the elite in power and the lower peasant class is seen as a mechanism to drain the middle class of their threat by moving money from the “merchants” to the “peasant” using the elite power to facilitate this.
Thus the Elite stay in power, quell an uprising by the peasants and keep the merchant class in their place....
Enjoy your socialism, America. You voted for it.
It’s really just another aspect of the social conditioning/propaganda offensive. They come at their agenda from every angle and the more ways they employ to put people in the mindset of failure, the faster they can move other parts of the agenda. Despondent people are receptive to anything.
When you no longer have hope, the libs can force through whatever they want with no resistance.
I bought a new house in 1980 at 13% interest because that was the new normal. My neighbor had 17% interest on his mortgage.
If the government would get both feet off the brake pedal maybe we would get moving.
Oh, yeah - let’s go back to the thrilling days of yesteryear - my 1981 VA loan rate was 15% and glad to get it.
Reagan’s dead, and even if he were to rise from the grave and run for President again, a majority of today’s GOP voters would probably pick Romney or McCain over him.
in the primaries, that is.
Reagan is dead, but the Founding principles live on in the hearts of all liberty loving people!
“We live in a new era of “Feudalism”. Based on socialism it is a system of “Neo-Feudalism” where the “Merchant” or “Middle” class is seen as a threat by the elite in power and the lower peasant class is seen as a mechanism to drain the middle class of their threat by moving money from the “merchants” to the “peasant” using the elite power to facilitate this.”
I am trying to come up with an argument to these ridiculous statements.
I got nothin’.
“We live in a new era of “Feudalism”. Based on socialism it is a system of “Neo-Feudalism” where the “Merchant” or “Middle” class is seen as a threat by the elite in power and the lower peasant class is seen as a mechanism to drain the middle class of their threat by moving money from the “merchants” to the “peasant” using the elite power to facilitate this.”
I am trying to come up with an argument to these ridiculous statements.
I got nothin’.
So are you saying my argument is invalid because it is valid?
:)
[ Reagan’s dead, and even if he were to rise from the grave and run for President again, a majority of today’s GOP voters would probably pick Romney or McCain over him. ]
Sadly yes... the ONLY landslide the RINOcraps seem to acknoledge was not in 1984 but in 1988....
Riding in on the coattails of GHWB, the Republican Rockeffeller Riding in on Ronnie’s Remnants.....
Same here I could prob in time regenerate enough cash to reopen my business but what for. New regs and ACA along with the balancing act of the feds on housing would be a gamble! In 2 mos I draw 800 a month SS and will become part of the poverty level Citizen! My house is paid for and can cruise till the Bigguy calls! I’ve had five years of scraping and can do the same for life! An EBT card is in my future and the fireplace will keep me warm. One never thinks being close to a Fortune 500 company at one point and economic ruin twice in life( thank you MR Carter and the Democrats messing with Fanny and Freddie) the world would be this way but @ 62 I will be content.
Tell that to the dog turds in the GOP-e!
Maybe that’s because the argument is not actually ridiculous.
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