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Originally posted by LinksINC
Originally posted by Subjective Truth
reply to post by seattletruth
I think this may be the end game they see for us. War is a easy solution to this problem but at what cost? We can do this another way they choose not to. If they had just given the money to us instead of the banks everything would have been fine. The economy would have boomed.
They know the trickle down theory is a lie.. Anyone with any common sense AT ALL knows that money goes up and into banks... money does not go down... They used the bogus "trickle down" LIE as an excuse for the bail outs... Surprise! We haven't seen any improvement in the economy!
Originally posted by ExPostFacto
There is plenty of money out there. It is just not in the hand of consumers. This is where the rich elite fail. If they take all the money there is nobody left to buy anything from them.
Two economists of the 1920s, Waddill Catchings and William Trufant Foster, popularized a theory that influenced many policy makers, including Herbert Hoover, Henry A. Wallace, Paul Douglas, and Marriner Eccles. It held the economy produced more than it consumed, because the consumers did not have enough income. Thus the unequal distribution of wealth throughout the 1920s caused the Great Depression.[31][32]
According to this view, the root cause of the Great Depression was a global overinvestment in heavy industry capacity compared to wages and earnings from independent businesses, such as farms. The solution was the government must pump money into consumers' pockets. That is, it must redistribute purchasing power, maintain the industrial base, but reinflate prices and wages to force as much of the inflationary increase in purchasing power into consumer spending. The economy was overbuilt, and new factories were not needed. Foster and Catchings recommended[33] federal and state governments start large construction projects, a program followed by Hoover and Roosevelt.
Originally posted by jerico65
Originally posted by silent thunder
So they go to McDonalds and stand in a line with 40 other people for one opening and get rejected because there was only one opening, not 40.
Well, that means at least one person is working.
I know it sucks, I know the pay isn't good, but there are jobs out there. A lot of people out there are "career unemployed".
Originally posted by seattletruth
The best thing that could happen for America I think would be a war with the Chinese... It would at least give us manufacturing jobs again...
Originally posted by Subjective Truth
Originally posted by whoshotJR
Originally posted by TrainDispatcher
Well, after the 1.2 million people who will loose there benefits tomorrow, (I believe thats correct)
The government will come out and say "Unemployment has dropped tremendously" (has a nice spin to it)
I hope thats the case but it sounds like they are going to extend it again.
Its really BS how many people don't have jobs and will tell you to your face they are just going to milk the system right now.
I think you are wrong I think most Americans want to work. We need to build roads and infrastructure it is the only way other than war.
[edit on 28-2-2010 by Subjective Truth]
You're right. Trickle down economics is a joke.
Originally posted by alexgia
reply to post by Subjective Truth
I have never been homeless and no idea what to do. I hang on to every dollar I have and have three weeks of checks left. What would you do?
Originally posted by alexgia
reply to post by Subjective Truth
I live in a very small town. Over a year ago I was laid off.... I lost my house, my car, and was forced to get a job one state over just to live. After having that job for seven months they closed up. Again I was out of a job. I have worked since I was 15yrs old, and this is the FIRST time I have ever had unemployment. I have been on it 23weeks. I have three weeks left. The few jobs hiring in my area have so many applicants you do not even get an interview. Most of us want to have our jobs back, our lives back, our sleep back.... No extension means to me I have nothing left. After losing my home that I paid a mortage on for years failthfully, my car, I paid faithfully, I moved in with a friend and pay him rent as it is all I can affored. If my money stops I cannot live here for free. I have never been homeless and no idea what to do. I hang on to every dollar I have and have three weeks of checks left. What would you do?