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Posted by: not2needy 1 year, 8 months ago
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not2needy1 year, 8 months ago
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FTA:
As many Americans struggle with declining housing values, increasing food and energy prices and growing unemployment after a long period of flat wages, well over half of respondents said they are either losing ground economically or are stuck in the same place, according to the report released today by the Pew Research Center. Only four in 10 said they have moved forward in the past five years -- a record low, Pew says, and far off the record 57 percent who in 1997 said they had moved forward in the previous five years.
Pretty bleak picture.
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dandt16121 year, 8 months ago
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Just about everyone was doing better in the 90's. It's really sad to read and hear that people have lost hope of getting ahead and the only thing they can think about IS keeping their head above the water now. I know quite a few people who are barely and I mean barely making it and sadly a few friends who have lost the fight to stay a float. I hope things improve before to long.
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not2needy1 year, 8 months ago
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Yes, it's sad, and i know a lot of people who are in the same shape.
I am so glad my husband and i planned for our retirement, but if something happened to one or the other of us right now, i don't know if the one left could hang on with the way things are!
Scary times we are living in right now.
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JackofallChems1 year, 8 months ago
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This mess has been in the making since around 1970, when China started their currency manipulation gambit and they started getting support from the US presidency (Nixon & Clinton, to name a couple - Nixon for recognizing red China instead of Taiwan as a legitimate trading partner, Clinton for selling off missile technology). It accelerated in 1984 when France attacked and took over the only profitable export center in the US - the US chemical industry (through it's so-called national champions). And furthermore, the dollar has been artifically propped up for over a decade to make sure that when our currency crash came it would be too abrupt for us (the middle class especially) to adapt to economically through retraining and increased investment. In addition, the school system in the US was under attack from the early 1900s in an attempt to make socialism appealing to the citizenry through miseducation (artificial ignorance). Had enough yet, or should I ask in 2 years?
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UnusualSuspect1 year, 8 months ago
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My one disagreement with the article is that I think our children will have it worse than we did. With diminishing oil reserves, energy costs will continue to rise. I don't see us going any faster into alternative energy sources very soon, which will hurt them in the long run.
The US is continuing to overreach itself, and it won't get better with passing time. These wars in Iraq and Afghanistan, and fighting terrorism are taking their toll on us financially. Our children will be paying dearly for our mistakes. It's too bad.
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browntiger1 year, 8 months ago
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Oh republican economy keeps getting better and better everyday.
You borrow and then spend spend spend, and spend some more. After all it is so important to spend billion/week to patrol streets of Iraq.
Nothing wrong with $4/gal price of gas - it is economy stupid. Rule of supply and demand. It is a perfect republican economy: everything produced in china, all engineering - china, IT - india. US just need fast food workers and CEOs.
And let's face it it will not get better. CEOs making too much money on china. They will get the best government money can buy. Keep voting same old crooks. Heck McCain proposes to cut corporate taxes! Wow in fiscal crisis!
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djrevelky1 year, 8 months ago
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It's not a Republican economy, it's an economy from ALL of the crooks in China.
It started when Clinton started giving the Chinese money and technology while passing NAFTA letting all of our corporations go to Mexico. We just started seeing the results of it during Bush.
All of our economic problems started in 1996 under a Democratic President with a Republican Congress. They continued in 2000 with a Republican President and a Republican Congress. They still continue now with a Republican President and a Democrat congress. Next year, when Barry is president and has a Democratic Congress they will still continue.
Anyone who thinks that anyone currently in Washington is going to fix the economy overnight and undue 16 consectutive years of bad economic policy is a serious sheep.
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