Do not be fooled…

What the Ministry Of Truth and their apparatchiks in so called mainstream media are not telling you today:

http://www.zerohedge.com/article/la...-25-year-low-642-birthdeath-adjustment-112000

http://www.zerohedge.com/article/civilians-not-labor-force-hits-all-time-record

http://www.zerohedge.com/article/rosenberg-explains-further-why-real-unemployment-rate-u-3-12

http://www.zerohedge.com/article/about-jobs-improvement-under-president-obama

I think the 3rd one is most interesting as well as most depressing. When you're looking at a consumer-driven economy, we've got some real problems when effective income starts going backwards. Bad enough there's a huge percentage of the population that doesn't have an income via a job, but when the "lucky few" that have jobs still end up with declining buying power we're in for some real problems.

At least Barack did his part by hiring 4100 new IRS agents a couple weeks ago...

I remember my father telling me he bought a veritable boat of an Oldsmobile (I forget the model) in 1978, complete with V8 diesel, for about 5k USD. Nowadays, a similar car would be around the $30k mark. 6x increase.

The median household income in 1978 was $17.640 (http://www.census.gov/prod/www/abs/p60.html) - roughly 1/3 what it is today.

Using the preceding scenario, one can see there's already a gap in buying power when it simply comes to vehicles.

Ross Perot pointed out 20 years ago that the politicians were trumpeting about household income growing slightly while ignoring that it was taking two wage earners to pull that feat off where it used to be one. The problem hasn't gotten any better, that's for sure.

Poor Ross, he didn't have the charisma and funny anecdotes to win the election. I still remember a newspaper headline concerning the uproar of him saying "You people" at a black conference. Of course, from that, he is automatically judged racist because he didn't deign to talk about black Americans in the 3rd person when he's right in front of them.

Politics in the U.S. is a joke; ever since the advent of television, it's more of a popularity contest than a plan for the future.

I did my part- I voted for Ross. As you say, he was a little too wacky and really, the American people weren't ready for fiscal tough love at that point. Not sure we're even there now, although the fiscal influence of the Tea Party and the overdue awakening of the Republicans from the crazy spending of the Dubya Dark Ages tells me that people are at least grasping that there's a problem. It remains to be seen whether the tax-n-spend dems (which aren't all dems--the blue dogs seem to have gotten a clue) will be able to convince the people that the problem will go away all by itself if we ignore it long enough.

We have just a similar thing growing here in Germany. And it begins to frighten the people.

What we Germns especially cannot understand is that a relatively small amount of people are having these insanely high wages (especially bankers) - and the most of the society loses more and more income …

Since we always had a relatively strong relation to socialist ideas (not communist ideas, by the way !), people become more and more frightened.

If this goes on, the societies will just break down in a few hundreds of years. With a few insanely rich people (whih will be able to buy ANYTING - even parts of a society !) and 99,999999999 % of all people just living in slums and in ghettos.

dteowner said:

Ross Perot pointed out 20 years ago that the politicians were trumpeting about household income growing slightly while ignoring that it was taking two wage earners to pull that feat off where it used to be one. The problem hasn't gotten any better, that's for sure.

Click to expand...

So very very true ... he had his go in '92 (I voted for him as did my bleeding heart liberal wife ). By 96 he WAS just too nutty ...