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Our current economic situation has developed over a period of decades and administrations. None of the candidates is adequately addressing our situation and may or may not truly be aware of just how dire it is.
Neither is this a “White Working Class” issue. White, Black, Blue Collar or White Collar
Posted by whattheheck on May 14, 2008 at 9:01 AM
Whoever the next President is he will have to inflict a lot of pain on Americans of every income class because the bush administrations are guilty of gross neglect of all its governmental responsibilities. Its time for America to pay up in order to get up to speed with the rest of the world. Its should be obvious to all now that 9/11 and the wars were/are diversions, while bush picked our pockets. Plus, while we looked the other way the world left us behind, Americans are like tourist lost in a unfamiliar world, vulnerable and broke. Bitter, confused? Yeah. But scared more than anything else.
Posted by theloneous on May 14, 2008 at 9:23 AM
Hi Theloneous,
We’ll get the pain due to the ballouts and protection of the mortgage crooks by the Fed, the Treasury Dept. and Congress. The huge increases are being passed on to us as the dollar is made to fall and the price of everything goes up.
I paid $3.95 a gallon for gas, but since I’m not working I’m not going anywhere. The people who are getting it stuck to them are those who must commute farther in order to get work and the cab drivers who can’t raise their prices, but must buy gas or earn nothing.
Food costs are going higher and in some countries are in short supply. We can thank every administration since the mid 1970s. According to Robert Reich, Bill Clinton’s Sec. of Labor, a 35-year-old man now earns 12% less than one the same age in 1975 due to the falling value of the dollar.
My 42-year-old son does the same job I did back then and is even worse off than average. I made the same annual pay in 1975 that he makes now and fed a family of four. He is single and can hardly make it due to inflation, increased income taxes, Social Security tax and health care costs. His 1996 car needed work yesterday and it cost nearly $1400
Posted by whattheheck on May 14, 2008 at 1:25 PM
Hi whattheheck,
The next President, if he’s able to resolve any of the numerous ailments afflicting this country, will be demonized by the very people he’s helping. In real life there is no “spoon full of sugar to help the medicine go down”, and congress needs to get behind well thought out long term solutions instead of the band-aid approach, the former being the awful, bad tasting medicine that’s needed.
You said, “My 42-year-old son does the same job I did back then and is even worse off than average. I made the same annual pay in 1975 that he makes now and fed a family of four.” I know I marvel now at how my dad supported a wife and six kids on a letter carriers salary, it would be damn near impossible for him to do that these days.
Posted by theloneous on May 15, 2008 at 9:47 AM
I think one reason your dad and I were able to do it was there was less spinning of the government financial numbers. The dollar was worth a lot more then. I was self-employed and was paying my income taxes and Social Security (Self-employment Tax) quarterly. Now they pretend things are just fine
Posted by whattheheck on May 15, 2008 at 10:40 AM
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Reader Comments
Our current economic situation has developed over a period of decades and administrations. None of the candidates is adequately addressing our situation and may or may not truly be aware of just how dire it is.
Neither is this a “White Working Class” issue. White, Black, Blue Collar or White Collar
Whoever the next President is he will have to inflict a lot of pain on Americans of every income class because the bush administrations are guilty of gross neglect of all its governmental responsibilities. Its time for America to pay up in order to get up to speed with the rest of the world. Its should be obvious to all now that 9/11 and the wars were/are diversions, while bush picked our pockets. Plus, while we looked the other way the world left us behind, Americans are like tourist lost in a unfamiliar world, vulnerable and broke. Bitter, confused? Yeah. But scared more than anything else.
Hi Theloneous,
We’ll get the pain due to the ballouts and protection of the mortgage crooks by the Fed, the Treasury Dept. and Congress. The huge increases are being passed on to us as the dollar is made to fall and the price of everything goes up.
I paid $3.95 a gallon for gas, but since I’m not working I’m not going anywhere. The people who are getting it stuck to them are those who must commute farther in order to get work and the cab drivers who can’t raise their prices, but must buy gas or earn nothing.
Food costs are going higher and in some countries are in short supply. We can thank every administration since the mid 1970s. According to Robert Reich, Bill Clinton’s Sec. of Labor, a 35-year-old man now earns 12% less than one the same age in 1975 due to the falling value of the dollar.
My 42-year-old son does the same job I did back then and is even worse off than average. I made the same annual pay in 1975 that he makes now and fed a family of four. He is single and can hardly make it due to inflation, increased income taxes, Social Security tax and health care costs. His 1996 car needed work yesterday and it cost nearly $1400
Hi whattheheck,
The next President, if he’s able to resolve any of the numerous ailments afflicting this country, will be demonized by the very people he’s helping. In real life there is no “spoon full of sugar to help the medicine go down”, and congress needs to get behind well thought out long term solutions instead of the band-aid approach, the former being the awful, bad tasting medicine that’s needed.
You said, “My 42-year-old son does the same job I did back then and is even worse off than average. I made the same annual pay in 1975 that he makes now and fed a family of four.” I know I marvel now at how my dad supported a wife and six kids on a letter carriers salary, it would be damn near impossible for him to do that these days.
I think one reason your dad and I were able to do it was there was less spinning of the government financial numbers. The dollar was worth a lot more then. I was self-employed and was paying my income taxes and Social Security (Self-employment Tax) quarterly. Now they pretend things are just fine
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