Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Thursday, October 23, 2014

If This Doesn't Make You Angry Enough, You're Willfully Allowing The Death of the Middle Class To Continue...

mintu | 9:01 AM | | | | | Be the first to comment!
There's another chart or three detailing just how f-cked a majority of Americans are right now in this ongoing - yes, this ain't over kids - recession.

Here, take a look at this (via the Washington Post):
The dark blue line represents what we'd consider the Middle AND Lower Class here in the U.S.  Essentially the botton 90 percentile of families based on real average wealth (with wealth defined by income, equity, et al).  Starting off at the post-WWII spot of 1945, you'll see the three tiers of income - Bottom 90, Top 10, Top 1 Percent - all going upward during the 1950s and even improving for the Bottom 90 in the late 1980s and 1990s (when Reagan's income tax reforms kicked in, property values went up, new technology jobs started).

Up until about 2005-06, near about the start of the Great Recession that we're still in.

Everybody dropped.  Every market got hit - stock market, commodities, property market - and there was a massive downturn.  It looks like the downturn took a two-year, three-year dive before flattening out for the three years following... except for the 1 Percenter track.  Where the Bottom 90 AND the Top 10 Percenters flattened, the 1 Percenters went up, and went up sharp.

What the hell happened there?  Referring to that Washington Post article:
...The problem was that middle class doesn't own that much in stocks, but went into debt to buy lots of housing. So the housing crash turned their biggest financial asset into an albatross, wiping out their equity but not their debt. And the housing recovery hasn't done much to fix this, since it's struggled to move beyond the "nascent" stage.
Stocks, meanwhile, collapsed during the crisis, but came back soon thereafter. The middle class, in other words, missed out on the big bull market in stocks, but not on the even bigger bear one in housing. That's why the recovery has restored so little of the wealth that the recession destroyed. In fact, the bottom 90 percent have actually kept losing net worth the past few years, in large part, due to rising student loan debt...
Not all recoveries were made equal: the stock market flourished, the investment population flourished, the rest of us got screwed with debt up to our ears.

One thing I keep seeing from the hate-the-poor tweeters and Facebook posters on the Intertubes is how it's the poor people's fault they don't invest in the obviously-successful, will-always-go-up stock markets.  I keep replying when I can to let them know that not everyone can play the market: even a MENSA member like me can't make heads or tails of stock profiles and investment surveys.  Every poor person simply can't afford to pay into stock ownership, no matter how smart they are, because stocks themselves get expensive.  And most middle-class Americans didn't have much free money on hand to dabble either.  If the middle class invested in anything, it was in something tangible and focused: their homes, and they left the stock market stuff to their pension plans and 401(k)s.  For the 1980s and 1990s, the system worked after all: property values increased, and most Americans thought themselves well-off regardless of how much wealth they really controlled.

Which leads to the second chart from that Post article:

The Bottom 90 Percenters - 90 percent of ALL Americans - saw their percentage of the nation's overall wealth drop from over a 1/3 (37 percent) of everything down to less than a 1/4 (23 percent) of everything.  We never really had all that much, but we had enough to spread around and feel secure.  Now 90 percent of us aren't getting as much of the pie as we used to get.

Meanwhile, look at the Top 10 Percenters.  Sure, the 10-to-1 Percenters dropped as well, but not as sharp as the Bottom 90.  And the Top 10-to-1 holds 35 percent of the share.  Add that to the Top 1-to-.1 Percenters who hold 20 percent, and add again to the .1-to-.01 Percent (the REALLY rich) also 11-12 percent and then add the .01 Percenters themselves (the UBER rich) at 11 percent share and you've got 77 PERCENT of total wealth held by the Top 10 Percenters.  The Top .1 Percenters at roughly 42 percent - nearly double of 90 PERCENT OF ALL AMERICANS - of all total wealth.

We haven't seen income disparity like this since the days of the Great Depression, when the poor were REALLY poor and the rich were REALLY rich.

And this recession - where wages for the middle classes and the poor have stagnated for years, even more than a decade by now - isn't over yet.  Debt for lower-income families- for even what we'd still consider the middle class - remains crushing and getting worse.  We've taken some of the debt woes from healthcare finances out of the equation but not by much, and we're looking at increased debt woes from higher education costs.  Piling on-top of that is the fact our housing industry hasn't improved and the foreclosure problems - with banks still bad-faith actors - remain a threat.

So what if anything are we doing as a nation about the massive personal debts - mortgages, college costs, other costs - we have threatening what's left of our middle class?

Nothing.  Not a goddamn thing.

Angry yet?
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Wednesday, December 18, 2013

Anniversary: It's Been Five Years...

mintu | 6:56 PM | | | | | | Be the first to comment!
...and four of them a long long struggle to recover, but still...

Yeah, back on Dec. 17 2008 I lost my employment with Pasco County Libraries.

Between then and now was a long struggle: filing for unemployment, filing for WIA re-training funds, taking more computer classes, job-hunting, tweaking resumes, job-hunting, not getting interviewed, never getting interviewed, not even getting looked at by the retailers for part-time (the sins of getting a Masters degree education, you make yourself overqualified for a sh-tload of part-time jobs) work...

It was hard as hell on my family, especially my parents who helped out financially as best they could, and they couldn't understand why no one would even interview me for office work or anything like that.  My twin brother once chewed me out (on our birthday no less), accusing me of being a lazy-ass living off our parents' largess.  They couldn't understand I was up against 60, 100, 150 (!) applicants for every job opening (it wasn't just the unemployed I was competing with, it was employed people looking for something stable during uncertain times), and that I was going up against HR departments being finicky with who they interviewed (younger and cheaper were better, less educated and less prone to look elsewhere were better, etc.).

I found a part-time job in 2009, but it was will-call... By 2010 I put in for the Census work, but that turned out to be shorter than I expected... 2011, nothing, not a peep.  Things picked up by 2012 with 5 different libraries and computer-oriented workplaces interviewing, but I ended up not making the cut...  I finally got a part-time with a tech firm doing contractual installs for offices, but that was will-call as well... by Christmas 2012 Dad threatened and began plans to ship me up to my older brother's in Maryland (WINTER?!) to look for work in what he felt was a better employment environment.

Thank God this January I had three libraries interview me one right after the other... with Bartow, GOD BLESS THEM, offering me a job as their Reference and Computer training librarian.

I'd like to think I'm doing well here, that I'm fitting in (truth be told, my struggles losing a job and then trying to find one has left me with a bad case of "Oh GOD Don't Let Me Eff Up" that's got me more jumpy about how I'm doing than usual).

But in the meantime, while I've gotten out of unemployment purgatory, there's still Seven percent of Americans (and that's just the official numbers, the real numbers are far worse) stuck in unemployment, with clear evidence that the long-term unemployed (those out of work for more than six months) are really screwed by HR offices and companies who won't take in experienced older workers or anyone viewed as a hire risk.

We need a Jobs bill in this country.  We need to force companies to turn their record profits into more jobs or at least better wages for existing employees.  We need to make the economy based on employment, not stock options.

To everyone out there still looking for work, I hope and pray the best for you.  If you need help looking, check at your libraries for job-hunting help and resume tips.  Stay active in politics to vote the right people - the ones pushing for REAL JOBS, not tax cuts for companies already rolling in profits - into office at the state and federal level.  Hell, GO to the local political (okay, go Democrat, because I honestly think the Republicans would ignore this issue or defame it) offices and sign up to run for state office on a Jobs-Jobs-Jobs platform.  The more candidates we've got out there pushing for real job creation, the better our chances.

Good luck.  Here's hoping your anniversaries for firing fade quick and for hiring come quick.
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Saturday, September 14, 2013

Presidential Character: Week Thirty-Two, The Two Faces of an Active-Positive Part One

mintu | 1:11 PM | | | | | | Be the first to comment!
Considering the length of this next President's tenure, and the fact that during his administration our nation was literally in two worlds - the first a massive economic crisis, the second a global war - I've decided to divide this one's entry into two articles.  Hopefully I'll be able to explain why...

My fading memories of AP American History remind me that one of the essay questions used was "Herbert Hoover was a liberal and Franklin D. Roosevelt a conservative, discuss."  In fact, a quick Google search showed me the question is still in use today.  I pity you high-schoolers.

The arguments made were that in practice Hoover the established pro-business Republican had done things considered "liberal" - increased taxes, expanded government - while Roosevelt the radical try-anything Democrat had done things "conservative" - cut taxes, gave business more free range.

The problem with that argument is sticking to the belief that "liberal" and "conservative" are static constructs.  The argument simplified what Hoover and FDR did on their own terms and under the legal and cultural restrictions of the day.  For one thing, a conservative (as politics usually define one) would never had unleashed the 1,001 different agendas that Roosevelt did throughout the New Deal era.  A liberal (as usually defined) would not have viewed government as limited in its authority which kept Hoover from fully resolving the crisis.

This is where viewing the Presidential Character as either Active-Passive and Positive-Negative makes more sense.  An Active-Positive like FDR would have cut taxes if the circumstances called for it, would have allowed more free trade if it made the economy work, would have done things that a modern-era Republican think paradoxically "Reagan did it first".  It's neither truly liberal or truly conservative.  It's Adaptive: the key trait of the A-P President.

FDR came into office at one of the greatest crises in American history.  The Great Depression had become a perfect storm of failing banks, mass unemployment, and financial ineptitude on a scale that would have - and did in Europe - collapsed powerful nations since the days of olde.  The economic collapse had led to regime changes in Italy and Germany, allowing the rise of fascism as a political alternative to the democratic republicanism seemingly failing in the West.  Soviet communism had taken root in Russia and was under the control of one of history's most brutal dictators.  A lot was at stake with FDR's administration: failure didn't mean a One-Term Presidency, it most likely meant a mass riot and the fall of the federal government to one extreme or the other.  And Roosevelt knew it.

Roosevelt brought with him a team of advisors and Cabinet officials that represented the broad spectrum of the political ideology: some were noted die-hard conservatives, some were hard-case liberals one step removed from communism.  Ideology didn't mean much to FDR outside of results: get the economy working again.  He famously said during his 1932 campaign that the thing to do during the crisis was "to take a method and try it: If it fails, admit it frankly and try another. But above all, try something." 

And his administration proved it: a greater number of bills presented to Congress over the first 100 days (the first time an administration measured its efforts by that metric) than had been presented by any previous administration.  Relief projects begun under Hoover supported with greater funding and urgency.  New regulations put in place - like Glass-Steagall - to stop the questionable and chaotic financial speculation that had led to financial collapse.  And the first of several government-backed employment programs under the Civilian Conservation Corps, which employed 250,000 young men to farms and conservation projects.

He did all this under withering criticism: from the Republican conservatives who questioned the budget deficits FDR was piling up and the constitutionality of much of the New Deal policies, and from the Far Left who questioned whether Roosevelt was doing enough in sharing the wealth and fixing everything in one broad stroke.  Both extremes noted that for all of the New Deal activity, the economy only barely improved by the end of Roosevelt's first term: Unemployment in particular was still in the double digits (14 percent) barely half of its 1933 high (24 percent).

FDR openly welcomed the hatred, especially from the rich elite that declared Roosevelt "a traitor to his class."  He plowed ahead on his New Deal, adding more projects and trying anything.  And some metrics of the economy were improving - Gross Domestic Product (GDP) was finally going upward after 1933 when during the 1929-32 period it had dropped - along with the nation's mood, well enough that when the 1936 Presidential campaign rolled around FDR won re-election in one of the biggest butt stompings in electoral history.

Professor Barber in his text notes why he uses Franklin D. as his model of the Active-Positive:

Roosevelt exhibited... what I see as a major contrast between the Active-Positive type in politics and other types... (they) are freer in their selections from a stylistic repertoire... (they) show how much richer and more varied range of emotional orientations is available to the politician whose character is firmly rooted in self-recognition and self-love.  The Active-Positive not only can perform lovingly or aggressively or with detachment, he can feel those ways.  As Roosevelt's case points out, the genuineness of those feelings can come across powerfully to close associations and to the public at large. (p. 295-6)
The empathy adds to the ability of being Adaptive.  Knowing what the situation is at one moment requires a response.  Realizing the situation can or has changed requires turning that response in a different direction, sometimes in a direction your supporters never saw on the horizon.  While other politicians can "flip-flop" on an issue for cynical reasons, the A-P personality has the confidence to express why the change was made and point out the empathetic reasons for doing so.  Above all is that Confidence: not the stolid "I Must" of an Active-Negative that Barber noted with Hoover, but the reckless "I Can".

But this shows one of the dangers - the second face - of the Active-Positive.  The danger of Overreach.  The "I Can Do This" in the most reckless of moments can be devastating to an A-P President.  Lincoln had that "I Can" feeling with his Emancipation Proclamation, a questionable edict that on the eve of the Civil War's end meant chaos unless the 13th Amendment could get passed.  Jefferson's "I Can" came not with the Louisiana Purchase but with the self-imposed trade embargoes as a response to the Napoleonic wars.

FDR's came with the Court Packing scheme.  Genuinely frustrated with a conservative Supreme Court that struck down some of the more impactful New Deal bills, Roosevelt figured at the start of his second term to use his political capital on a plan to give the President the power to add an extra SCOTUS Justice for every sitting Justice over the age of 70 (in 1937 that meant six new seats).

People outside and within Roosevelt's own administration freaked.  Some of the arguments FDR used in favor of the plan didn't make sense - one of Roosevelt's strongest supporters on the bench at the time was 80 years old for example, meaning age couldn't have been an issue - and the bill quickly got recognized even by New Deal advocates as a serious Executive branch threat to Judicial sovereignty.  Roosevelt may have had confidence in presenting the plan, but for once that famed A-P empathy failed to read the public mood.  Time, the unexpected loss of the legislative proponent to present the bill to Congress, and the changeover of the Supreme Court membership saved FDR the embarrassment of having the Court Packing bill reach a chamber floor and burn up in flames, but it quickly became the biggest failure of FDR's New Deal era.

FDR's two faces - the confident Adaptive leader, the Overreaching politico - would be combined into one  big reason why Roosevelt would eschew the tradition of letting go after two terms of office.  By 1940, there were problems on the national and international level that would stir the interest and challenge of any Active-Positive leader: the Second World War.

And that's where I'll leave off for Part Two. (link to be added later)

Next Up: What Did I Just Tell You?!  PART TWO DAMMIT.


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Thursday, March 7, 2013

Income Inequality

mintu | 5:08 PM | | | | | Be the first to comment!
This is something that has been posted a few months back but only now is circulating the blogosphere:

The problem of income inequality in the United States has been with us for a long time: for at least the last ten years (if not the last thirty or more) wages have been frozen for most American workers, while the top one percent of the employment bracket (the CEO level) continued getting raises and bonuses and comp packages and Golden Parachutes (even when those CEOs were screwing up their companies: SEE the Twinkies company going down in flames while the executives paid themselves off).

Just to note: it used to be as recent as 1978 that executive (CEO) pay was only 35 times that of the average employee.  Today it's roughly 380 times, partly because average employee wages haven't grown but mostly because executives have been paying themselves (via friendly boards or manipulated systems) more and more without consequence (politicians are bought, media are bought, unions are crushed).

The argument for high wages for high-level jobs (like CEO, or high-priced attorney, or esteemed doctor) is that it motivates people to work and empower themselves to achieve great things: the carrot rather than the stick as it were.  While that is a valid argument, there's a question of "how much is really enough?"  At what point does GREED become too much of a motivating factor rather than equitable compensation for good effort?  Where's the sense of proportion when it comes to taking a $5 million bonus while 2,000 other employees of your company gets a wooden nickel each for working as hard or even harder than that CEO?

There ought to be a way to fix this in a fair and equitable manner.  I'd argue for a wage cap on CEOs tied to their employees: that CEOs of large companies be paid no more than 35 times (like in 1978) than their average non-administrative employees.  Said cap to be phased into action over a five-year period, dropping from 380 times to 150 times in Year One, to 98 times in Year Two, all the way down to that 35 times by Year Five.  In the meantime, require that the average wage of those non-admin employees to go up, as a way of making that "35 times more" deal for the upper management less painful (so that it would make the CEOs more like 50 times paid more if those employees hadn't gotten raises).

The math might not be there, I know.  But somehow we've got to raise the wages for a majority of working Americans out there.  And we've got to make CEOs less greedy (based on that video's report, that One Percent of the populus has got 40 PERCENT of the nation's money.  THE F-CK?!)

This isn't communism (something for nothing).  It might be socialism: forcing the richest to take less so that the poor can get more.  Except for the fact we're talking about improving the wages of poor WORKING Americans, not some "handouts" to a nebulous "moochers and takers" society.  But what's the alternative?  Doing nothing, sitting back and basking in the "It's all Capitalism baby learn to love it" belief system is not the solution... The current system is broken: there's no judge, no force of accountability against the GREED that's corrupted our financial institutions.

Seriously, what is the alternative to capping CEO wages?

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Wednesday, February 6, 2013

The Difference Between a Recession and a Depression

mintu | 5:35 PM | | | | | | Be the first to comment!
The truism is that when your neighbors lose their jobs, it's a recession: when YOU lose your job, it's a depression.

The last 5 years, however, has kind of skewed that joke.  Which really isn't all that funny when you consider the hell you and your neighbors are going through trying to find solid work.

The normal turn-around on losing a job and finding a new one tended to be less than six months (if you couldn't find anything in six months you were looking in the wrong places).  This prolonged economic downturn, however, saw a turn-around rate averaging a year, maybe more.  I personally knew of fellow unemployed who were struggling to find even part-time employ (no benefits, not enough income) for more than a year.

I personally struggled to find full-time employment for more than 4 years.  Part-time work came and went and was hard to find (and keep): for all of 2011 I had no employment at all.  And I was putting in for five to ten jobs a week.  The simple reason was that there were few jobs being created in the first place... with each new opening getting swarmed with 60 to 150 applicants within two days of the posting.  I once handed my resume to an HR person speaking at the Career Center for a position that my research background fit to a tee that the HR person mentioned just opened the day before... only to have her tell me she'd already gotten 75 applicants for that spot.

So, from where I was sitting - where my family was coping along with me, doing what they could to help out, and all the burdens they've had to bear - this Great Recession felt like a Depression.

This is a very long-winded setup for the good news.  I finally found a full-time job.  They really liked my resume: they really liked me.  I'll be doing what I like: helping people find books and research materials and getting into computer usage.

I would joke - and I have, elsewhere - that our long national nightmare... is over.  Except, well, it's not over.

We're still a nation mired in a jobless economic recovery.  Unemployment may be hovering around 7.9 percent (official number: the unofficial unemployment numbers are always a lot worse... and always more accurate) which is better than the 10 percent and worse that it had been at the deepest part of the 2009 valley, but that's not normal.  Unemployment should ever be around 4 percent for the economy to be chugging along just fine: an unemployment rate of 2 percent is a strong economy.

We need more action from government to spur businesses to use their profits to grow and hire on more people.  We need to stop the wave of cutbacks in the public sector which is hurting that job sector: if our states, counties, and federal government weren't cutting back on their workforce, the unemployment rate would be a full percent less than it is now.  We need a jobs bill.

Meantime, to all my fellow job-seekers.  I may be employed but I stand with you.  Good luck finding work.  Really good luck to you all.
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Tuesday, October 11, 2011

Current Political Mood

mintu | 6:17 PM | | | | | | | | Be the first to comment!
I'm just not inclined to think much about politics these days.

Even with the sudden uptick in the Occupy Wall Street news - and the Far Right blowback to something that can successfully counter their Teabagger movement - for some reason I'm neither thrilled nor contemplative.

There's still a lot of protesting and military action going on in the Middle East for example.  Meh.

There's the economic meltdown in Europe still happening in slow motion.  Meh.

There's the anti-voting BS the Republicans are attempting at the state level to suppress minorities, the poor, and college-age voters.  Meh.

Just not feeling connected to the world at the moment, that's all.

Too much outrage burn-out?  Too much stress coping with unemployment?  Dunno...

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Thursday, September 8, 2011

What I Want To Hear From Obama On His Jobs Speech

mintu | 6:41 AM | | | | | | | | | | Be the first to comment!
Obama is set to appear tonight before a Joint Session of Congress to present a plan for doing something about the horrendous unemployment numbers that are miring our economy in the most prolonged recession this nation's ever seen (it's getting into Depression-type numbers, which is never good).

These are some of the things I'd like to hear Obama say:

"There is growing evidence that businesses and corporations are intentionally overlooking the long-term unemployed.  They are refusing to hire anyone who's been out of work longer than six months.  Even if that unemployed candidate has years of relevant experience.  This is wrong.  This is unacceptable.  It is prolonging our nation's economic woes by creating and expanding our unemployed population and putting more of a burden on our nation's social safety net already facing tight budget restrictions.  This is creating a self-fulfilling belief that the long-term unemployed are unemployable because, well, you're keeping them that way.  We need to look at this as discriminatory hiring practices, and we need to enforce hiring laws to tell corporations they need to hire more people who have been out of work for longer than six months, for longer than a year, for longer than two years.  Hire the long-term unemployed first before even thinking about hiring people who already have a job.  If we catch you hiring people who already have employment over people who've been begging and praying for work for years, we will fine your sorry corporate HR asses so much you'd think filing for bankruptcy will be cheaper."

"The vast long-term unemployed WANT to work.  They want to make something of their lives.  They want to earn a paycheck so they can feed their own families and pay for that roof over their heads.  There's not a one of them who prefers sitting at home doing nothing and earning unemployment benefits that barely covers the cost of weekly groceries or rent.  If any of you politicians even THINK of accusing the long-term unemployed as drug abusers or welfare queens, I will personally escort you to your district's or state's unemployment offices and have you sit there for six months so you can see how hard-pressed and desperate the unemployed REALLY ARE to find any work."

"That said.  FUCK YOU JIM DEMINT.  FUCK YOU AND YOUR BULLSHIT FANTASIES ABOUT THE UNEMPLOYED BEING LAZY."  (NOTE: Yes, I want Obama to say this.  After the Joe Wilson "You Lie" crap, why pretend civility is a part of Congress anymore?)

"There is no evidence that cutting taxes creates jobs.  There is no evidence that cutting regulations creates jobs.  What we do know is that cutting taxes INCREASES the federal deficits to unsustainable levels.  What we do know is that cutting regulations or ignoring regulations to make profits leads to increased pollution, unsafe work areas, and people dying.  So to my Republicans opponents: STOP SHILLING TAX CUTS AND DEREGULATION AS JOB-CREATORS.  You're selling snake oil, you fuckers."

"What we need in this country is another WPA.  We need to get construction jobs up and running.  We need to repair bridges and roads that haven't been fixed or upgraded in 40 years.  We need to repair and upgrade nuclear reactors that are 20 years past their expiration date, and yes while nuclear reactors carry enormous risk our energy needs rely on them right now, so we need to upgrade them to newer safer models than the old-style reactors from 40 years ago that aren't as safe against earthquakes, hurricanes, tornadoes and other natural disasters.  We need to replace schools older than 20 years, make them compatible with today's technologies, so we can start teaching our children on the tools of today and tomorrow.  We need to get people working: for every one person who was hired back during the WPA of the 1930s, that job created two other jobs in response."

"All we need is a construction-jobs program that hires people across this nation.  The WPA of the 1930s hired 8 million people.  We don't need to go that big.  We can hire 4 million people, and if one WPA job creates two more that can translate up to 12 million Americans getting jobs, cutting more than half of our unemployment numbers right there.  IT WORKED BEFORE AND IT CAN WORK AGAIN."

"And we can pay for this new WPA.  We can look at our budgets and make the adjustments needed to make budget room for this jobs program.  We can eliminate some of the tax credits on billionaires that won't hurt their wallets but will pay back into this jobs programs FOR ALL AMERICANS to benefit.  IT WORKED BEFORE AND IT CAN WORK AGAIN."

"Our nation's economy is struggling.  We can't ignore that.  One of the two reasons our economy is struggling is because we lack the jobs to hire the unemployed.  We can solve that with a jobs bill.  But we can't ignore the other reason our economy is struggling, and that is the household debt our citizens are fighting.  And the largest form of household debt are mortgages.  Too many families are struggling at too-low incomes paying off mortgages on houses whose values have gone underwater.  Our housing industry is facing another series of destructive foreclosures and abandoned properties.  Each foreclosure lowers the property values of everyone else's homes surrounding them.  This is making it hard for people to sell their homes if they have to move to new jobs.  This is making it hard for people to pay off their mortgages, period.  And this is shuffling their debts from one thing to another like their overdrawn credit cards or unpaid college loans.  Above all, paying off all this debt is making it impossible for our citizens to pay for anything else like products and services that would boost our consumer-driven economy.  We need to look into resolving some of these debt issues.  Instead of bailing out banks, bail out the mortgage holders.  Help them pay off their mortgages to where their homes are no longer underwater.  Help pay off their mortgages so none of them fall into foreclosure.  By helping them, we free up the banks overwhelmed with foreclosures to begin making safe loans that can stabilize our housing market."

"And again, I cannot stress this enough, FUCK YOU JIM DEMINT.  FUCK YOU SIDEWAYS WITH A CHAINSAW."

"Thank you, God Bless to all the families across our nation, God Bless the United States of America."

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Wednesday, April 13, 2011

Things I Want To Hear From Obama During This Afternoon's Speech

mintu | 10:06 AM | | | | | | Be the first to comment!
I originally posted this at Ta-Nehisi's house.  Hope he doesn't mind.

"If we want to be serious about reducing the deficits and reducing our debt, we NEED to look at how our government gets its revenues."

"We need to raise the taxes on those who can afford it: the millionaires and billionaires who still profited during these last three years of hardship while the middle class struggled to stay out of poverty. Not to raise such taxes as a putative measure, but to ensure that every American is paying their fair share into fixing our financial problems."

"We need to begin closing tax loopholes for corporations. Especially any tax loophole that benefits too few companies at the expense of the nation. And especially any loophole that does not hamper or prevent corporations from generating honest profit."

"Also, you all should really buy a copy of Paul Wartenberg's ebook. He needs the moneys. And some of the stories in that collection are pretty funny. Word."

"Also, I strongly suggest that every American hugs a puppy or kitten today. If you're allergic, perhaps a Pokemon action figure."

"One last thing. I wasn't born in Hawaii. I was born on the planet Krypton, sent here by my true father Marlon Brando to... wait, I already did this joke, didn't I?"

To dream the impossible dream...
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