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Economy, Debt Weighing on Middle Class:
AP ^ | April 9, 2007 | Hope Yen

Posted on 04/09/2008 5:03:37 PM PDT by AndyJackson

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To: KYGrandma
I just got notified that I will be out of work in a month.

Here's hoping that you bounce back real soon.

41 posted on 04/09/2008 7:24:13 PM PDT by Ciexyz
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To: LaurenD

That’s okay Lauren. He deserves support from folks who agree with him. You take care.


42 posted on 04/09/2008 7:24:59 PM PDT by DoughtyOne (McCain is rock solid on SCOTUS judicial appointments. He voted for Ginsberg, Kennedy and Souter.)
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To: AndyJackson
For those of us around age 50 our parents did fair better for the most part. Dads worked for wages that the family could live on and mom took care of the home. In return the family was also more stable. With the opening up of labor to foreign nations the U.S. has in general suffered. Wages are lower and many if not most families these days need two incomes to pay the bills. American workers are competing with American companies who are using in some cases slave labor in other nations and bringing the goods back with the blessings of the U.S. government. Yet some call this good?

If workers ask for a decent wage {not an outrageous one} it's called greed. If corporations close up and move to China they are called good for our nation and praised by fools that think of themselves as are economic gurus. If CEO running the companies doing this draw millions in yearly salaries they too are called good. The displaced workers by the so called economy gurus are told hope you find another trade.

It's funny some will call those sounding the alarm Marxist yet they themselves will help enable and even kiss the feet of the Communist government of China for providing what amounts to slave labor or the corrupt one of Mexico send illegals here for our jobs as fast as our factories are closing down.

43 posted on 04/09/2008 7:47:12 PM PDT by cva66snipe (Proud Partisan Constitution Supporting Conservative to which I make no apologies for nor back down)
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To: DoughtyOne

And will crash by February 1, 2009, from their tax hikes and new laws.


44 posted on 04/09/2008 7:49:24 PM PDT by tbw2 ("Sirat: Through the Fires of Hell" by Tamara Wilhite - on amazon.com)
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To: tbw2

LOL, can’t argue with that logic.


45 posted on 04/09/2008 7:50:47 PM PDT by DoughtyOne (McCain is rock solid on SCOTUS judicial appointments. He voted for Ginsberg, Kennedy and Souter.)
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To: tokenatheist

No; it’s the enviro-nazis that don’t allow us to build new refineries, drill offshore and in Alaska, etc. Won’t let us cut trees for wood. And the idiots that let them dictate our policies in BOTH PARTIES.


46 posted on 04/09/2008 7:51:29 PM PDT by DLfromthedesert (Michael Steele for VP)
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To: AndyJackson

Condensed version:

Life is hard. Waaaaaaaaaaahhhhhhhhhhhhhhhhhh!!!!!!!


47 posted on 04/09/2008 7:53:43 PM PDT by exit82 (People get the government they deserve. And they are about to get it--in spades.)
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To: LaurenD

Nicely said. I think a lot of us here share those thoughts.


48 posted on 04/10/2008 5:16:15 AM PDT by Obadiah
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To: cva66snipe
For those of us around age 50 our parents did fair better for the most part.

I'm a couple years older than that and as far as I can see, the definition of "middle class" is not what it used to be.

Middle class once meant; every 2 kids of same gender share a bedroom. Used cars, or buy a new plain-Jane Ford/Chevy and keep it till it's ready to drop. One land line phone in the house. Meat loaf for dinner, peanut butter for lunch, eating out is for birthdays and holidays. Pay off the mortgage early and invite the neighbors over to celebrate when you "burn the mortgage". Cash=wealth.

Middle class now means; little Dylan, Britney, Tristan, and Hayley each have their own 300 square foot suite with private bath and plasma. Lease a new BMW/Hummer/Volvo every three years, and don't forget the time payments on that bass boat and the Harley. Everyone has their own cell phone including little Emma in pre-school. Prepackaged dinners and dinner at a restaurant three days a week. Invite the neighbors over to celebrate when you take out a new home equity loan to build a pool or add a new garage filled with ATV's and jet skis. Debt=wealth.

Learn to live under definition (1) above and you'll be fine.....

49 posted on 04/10/2008 7:08:51 AM PDT by Notary Sojac
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To: DoughtyOne

The media has accurately predicted 36 of the last 2 recessions. (I think, paraphrased from Zig Ziglar.)


50 posted on 04/11/2008 12:19:22 PM PDT by CSM (Kakistocracy: Government by the least qualified or most unprincipled citizens.)
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To: LibFreeOrDie

I read a stat that said over 40% of Americans spend more than they earn!

You can’t live like that for long!


51 posted on 04/11/2008 12:24:37 PM PDT by MrB (You can't reason people out of a position that they didn't use reason to get into in the first place)
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To: Sig Sauer P220

The 8th commandment isn’t in place to keep your neighbor’s ass safe from your greed.

It’s to protect YOU.


52 posted on 04/11/2008 12:27:31 PM PDT by MrB (You can't reason people out of a position that they didn't use reason to get into in the first place)
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To: CSM

I love the short statement that reveals a mountain of truth.

Very good.

Not to change the subject, althought it will, this is how I see the McCain suggestions that we needed to take another course in Iraq a year and a half ago.

You criticize enough times, and you’re going to be absolutely right once in a while.

A appreciate the comment. Very good.


53 posted on 04/11/2008 12:29:22 PM PDT by DoughtyOne (McCain is rock solid on SCOTUS judicial appointments. He voted for Ginsberg, Kennedy and Souter.)
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To: Notary Sojac

Guaranteed financial peace:

1) spend less than you earn
2) avoid debt
3) build in liquidity (savings)
4) have a long term plan

5) Remember you’re just taking care of what God allows you to


54 posted on 04/11/2008 12:29:31 PM PDT by MrB (You can't reason people out of a position that they didn't use reason to get into in the first place)
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To: MrB

I agree and I think it is a blast being wierd!


55 posted on 04/11/2008 12:32:34 PM PDT by CSM (Kakistocracy: Government by the least qualified or most unprincipled citizens.)
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To: AndyJackson

You’re a Marxist. Everybody in my graduating class is already retired or dead.


56 posted on 04/11/2008 12:35:06 PM PDT by RightWhale (Repeal the Law of the Excluded Middle)
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