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Fix THIS problem and the economy will recover

By tatupu70   Follow   Wed, 26 Oct 2011, 11:13am   915 views   9 comments
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Forget the Fed. Forget fiat currency. Forget 999/flat taxes. If you want the economy to recover, fix this problem.

"As the chart at right shows, between 1979 and 2007, the share of after-tax income going to each of the bottom four income quintiles--the bottom 80 percent--has dropped. The only quintile that has increased its share is the top 20 percent. And the top 1 percent has more than doubled its share."

http://www.cbo.gov/doc.cfm?index=12485

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1. corntrollio Follow Befriend (5) 27 threads 2,073 comments

   1   2:55pm Wed 26 Oct 2011   Share   Quote   Permalink   Like   Dislike   Agreed. If you look at charts before this era, you see prosperity has hit the bottom four, but that's not true recently. A huge percentage of our GDP is based on consumption, and if the consumers can't consume, then the economy won't recover.

2. TPB Follow Befriend (1) 65 threads 1,209 comments

   2   3:51pm Wed 26 Oct 2011   Share   Quote   Permalink   Like   Dislike   Our economy will never consume again not as long as we allow 70% of global energy prices to be artificially inflated by greedy speculators and investors. They are responsible for 70% of the global economy stagnation. People can't afford the 20 to 50% premium on everything across the board that unofficial VAT tax creates. Employers can't have to decide between raw goods and shipping costs over employees and wages, less employees and employees making less money, just compounds the already burdened economy. Rinse and repeat. This will end by one or two ways, either with global Civil War, it will be Global citizens fighting the UN or World Corporate Army trying to crush the uprising. Or America will go back to the basics that worked for since the last time we had to dole Standard Oil a smack down. Our grandfathers should have left a SOP manual, describing WHY they did what they did. Instead of just fixing things, and expecting their Grandson's to know why, or what to say, when Standard Oil came visiting with hat in hand to give condolences when Gramps dies. It went like this... "He was a fine man, now about that Oil?"

3. iwog Follow Befriend (48) 274 threads 12,576 comments 47 male Lafayette, CA Premium

   3   5:49pm Wed 26 Oct 2011   Share   Quote   Permalink   Like   Dislike   Protected   The GOP says Our economy will never consume again not as long as we allow 70% of global energy prices to be artificially inflated by greedy speculators and investors. They are responsible for 70% of the global economy stagnation. I knew this was Trout. Couldn't stay away, could you. Oil is always your downfall.

4. TMAC54 Follow Befriend (9) 70 threads 930 comments San Leandro, CA

   4   9:50pm Wed 26 Oct 2011   Share   Quote   Permalink   Like   Dislike   tatupu70 says If you want the economy to recover RECOVER FROM WHAT ??? What caused THE financial crisis ? Answer: The end of the introduction of the computer. era 1985-2008 There will be no RECOVERY ! Hopefully we blend back into normal intelligent growth as opposed to going MADMAX.

5. Kevin Follow Befriend 40 threads 2,652 comments

   5   10:40pm Wed 26 Oct 2011   Share   Quote   Permalink   Like   Dislike   The GOP says global Civil War Yeah, because that's a thing.

6. zzyzzx Follow Befriend (9) 416 threads 4,138 comments Baltimore, MD

   6   7:55am Thu 27 Oct 2011   Share   Quote   Permalink   Like   Dislike   If I could only implement one fix, it would be that we need massive import duties.

7. TPB Follow Befriend (1) 65 threads 1,209 comments

   7   8:01am Thu 27 Oct 2011   Share   Quote   Permalink   Like   Dislike   How's your Oil puts Iwog, way to screw the team speculating Oil so you can make a few bucks. Funny for all of the crap you give the Republicans, you sure have no shortage of nothing you wouldn't do to put your money to work for you. Though you lost your ass this Summer dinja, that just warms my heart, when you Oil speculators crap out big. It's climbing again jump on it. I could dance another jig by Christmas. There wont be a Christmas shopping season, with Greedy bastards wanting Oil in the $120 range and gas back up over $4.00. You guys need to get together and get your shit straight, because you keep stomping on each others Balls. To bad the retards in Washington wearing out pencils, trying to figure out why our GDP is anemic and skittish, and you want the other 50% to keep those Dolts in office. At least GW would have fixed the economy by now. He didn't sit around blaming everyone when things went bad. You know since this is all Bush's fault even 3 years later, we would be better off with Bush. So you know? It just goes to show you, "Anyone ISN'T better than Bush" Especially not Obama.

8. Kevin Follow Befriend 40 threads 2,652 comments

   8   1:30pm Thu 27 Oct 2011   Share   Quote   Permalink   Like   Dislike   The GOP says At least GW would have fixed the economy by now. Just like he fixed it in 2002! The GOP says He didn't sit around blaming everyone when things went bad. Other than BIll Clinton, you mean. The GOP says You know since this is all Bush's fault even 3 years later, we would be better off with Bush. Cool theory bro. What is it that we're spending all of our money on now again?

9. iwog Follow Befriend (48) 274 threads 12,576 comments 47 male Lafayette, CA Premium

   9   1:32pm Thu 27 Oct 2011   Share   Quote   Permalink   Like   Dislike   Protected   The GOP says How's your Oil puts Iwog, way to screw the team speculating Oil so you can make a few bucks. Shorting oil actually drives the price down, not up. I was a good guy during the oil bubble. The people you need to attack are those who bought oil not sold it. Anyway I'm not sure what you're talking about. I haven't traded oil in any serious way since 2008.