Poll: Unemployment is Americans' top economic concern - CNN.com »
Posted By engineer 9 months, 2 weeks ago in NewsThirty-six percent of people questioned in a CNN/Opinion Research Corp. survey released Monday morning said unemployment is the most important economic issue facing the country today, almost three times higher than the 13 percent who felt the same way last April. Inflation is second at 20 percent, followed by the mortgage crisis at 16 percent, the stock market at 14 percent and taxes at 11 percent.
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engineer
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My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
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tadair9199 months, 2 weeks ago
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these pollsters are slick.
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they divide "taxes" and "inflation" into two separate categories.
like your bowl of cereal in the morning separates sugar from corn-syrup as to prevent you from knowing it is actually the #2 ingredient.
inflation is a tax. weinberg, germany was concerned about it. zimbabwe is concerned about it. look at iceland! look at ireland!!
we better concern ourselves with the inflation tax. we better open our eyes to what is happening all around us before we join the ranks. -
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Progressive9 months, 2 weeks ago
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inflation
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n.
1. The act of inflating or the state of being inflated.
2. A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.
tax
n.
1. A contribution for the support of a government required of persons, groups, or businesses within the domain of that government.-
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tadair9199 months, 2 weeks ago
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and by those definitions then inflation is a tax. let me explain.
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you said, "inflation is,,, caused by an increase in currency." and then that a tax is requiring persons to "contribute" to "government." ok?
so, if government ever wants money from you say, to pay for an exuberant war. And they want to obfuscate the costs of war through policy. They will never increase taxes. They will never knock on your door and ask you to cut them a check for $5,000 extra a year (or whatever). What they _will_ do, however, is inflate the money supply, which will devalue your dollars purchasing power. What they are doing is taking the money out of your back-pocket when nobody is looking. Without asking you. And without changing any laws or passing anything through the Senate.
Said another way: Suppose your nephew made $10 per hour ten yours ago and burritos costs $2.00. This is not too bad. But now, your nephew is smarter and has a better job. He makes $20 per hour.
The question to ask yourself, has he gone anywhere if burritos now cost $5.00?
Inflation is a hidden tax. It is indirect and 50 times as menacing.
It is slavery.
inflation is government controlled.
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Charlson9 months, 2 weeks ago
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When many Americans are only a paycheck away from disaster, of course they would worry about unemployment. But the Americans who seem to worry less are the ones who got us into this financial mess. And many are still insisting on their bonuses even after failing at their jobs. Those are the ones who should be unemployed and forever unemployable for the high level executive jobs they held. But they can always find jobs at their level of competence - fast food restaurant cooks. (Notice I didn't say cashier because they shouldn't be allowed interaction with customers or money.)
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Klarissa9 months, 2 weeks ago
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Charlson, if many are a paycheck away from disaster then they have been living beyond their means for years.
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A terrible way for people to learn the old rules: do without so you can save up enough to live for 6 months, preferably a year, without a job, don't buy anything but your house on credit, If you have money in the stock market never need to sell in a down market.
So, you are going to say, let them starve to death?? Of course not, but neither do I think that those of us who have been frugal for years should be paying for others big TVs, cable, dining out, fast food, and a fancy new truck.
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Look_Up9 months, 2 weeks ago
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Over the past ten years most people have lost their retirement savings completely, and many have lost their homes. Many others managed to keep from losing their homes by filing for bankruptcy. Income from employment while employed hasn't been enough for most to cover living expenses. The government uses their own numbers gathered as economic data to determine as to when there are recessions and depressions in the economy. But, there has been an economic depression for ten years now in the "real world" of the average citizen. The world of "pretend" where the numbers are examined by wealthy economists and politicians who are out of touch with everyone who has a net worth below $100,000,000 claims that there hasn't been a depression yet and that one is about to start. Perhaps the depression they see is the one for everyone who has a net worth above $100,000,000. Any other depression they are blind to.
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They purposely cause recessions when they say, based upon their economic data, the economy is over heating by signs such as any upward tick in inflation. When they see an upward tick in inflation they send in the economic "nuclear bomber jets" to obliterate the average citizens' income, savings, and employment. This time they must have used additional economic "ballistic missiles" because they have left the economy in ruins for at least ten years.
Beginning when Allan Greenspan decided to "pop" everyones' investment bubbles in the late 1990's by jacking up interest rates, because he spotted some inflation under an economic "microscope" while the prices of energy and oil were spiking up. He then reversed directions after he looked up from his economic "microscope" to see a huge Tsunami economic wave coming his way in the economy. Rather than admitting his tremendous mistake and firing himself, he stayed on at the Federal Reserve and claimed to be a genius. He began lowering interest rates at once as fast as he had raised them. Guess what--he just made matters worse. Then there was a huge tidal wave created in the economy to wipe out everything.
Allan Greenspan is an economic dunce and should be exiled from the USA. He and he alone is the one that caused almost every bit of the economic trouble we see today. Bill Clinton kept him on as Federal Reserve Chairman when he became president in 1993. The economy improved at first, and then the anti-establishment nature of Bill Clinton kicked in as he started acting like Nero--he built that economy, so he decided to burn it to the ground. And, Allan Greenspan made sure it would happen.
Advice: try to buy what you need at less expensive prices, and try to find employment that will at least provide the income for living expenses. Things will improve in the economy eventually, and you don't want to be left out when they do.
http://www.OnlineBargainsDepot.findthecheapestdeal...-
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FrankHummel9 months, 2 weeks ago
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Inflation-
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"Inflation" is actually the systematic, programmed DEVALUATION of "wealth" --- which operates to LIMIT the capacity of people to "save" for their OWN future, or to leave any substantial inheritance to their progeny.
The idea is that the "dollar" is slowly, inexorably "SUBDIVIDED" so as to create an ILLUSION of "growth" (inasmuch as the "raw" descriptive NUMBER will APPEAR to increase) whereas there may not ACTUALLY be any growth but there may instead REALLY be some degree of inexorable DECAY --- when “worths” of things are gauged MEANINGFULLY in terms of REAL equivalent GENERAL “PURCHASING POWER”! (But so long as people blithely believe in the myth of the essential "constancy" of the "dollar", they can be beguiled into "keeping on keeping on".)
Generally, the RATE of "inflation" is limited to no more than a few percent a year --- to which most people, being economically naïve, WILL NOT BE SENSITIVE. The nature of the whole business is rather akin to the proverbial analogy of the TOAD dropped abruptly into a bowl of HOT WATER, which will immediately and energetically hop OUT --- but which, if it is instead already IN the bowl and the water is steadily heated up sufficiently SLOWLY, simply DOES NOT PERCEIVE the danger (since its sensory systems respond only to ABRUPT change), SO THAT IT ENDS UP COOKING SLOWLY TO DEATH.
Consider the people who make LONG TERM investments --- for example, a HOME in which they live for MANY YEARS, or a RETIREMENT FUND, (or perhaps a SUCCESSION of such assets which they hold for many years, "rolling over" [generally "tax free"] from one to another a number of times, but which is/are responsibly MAINTAINED [THAT being, of course, an ONGOING EXPENSE rather like "rent"], so that the REAL value of the ASSET does NOT actually change. Such “marks” can nevertheless be steadily "relieved" of their "accumulated" wealth by means of "inflationary rescaling" in a COUPLE of different ways.
First of all, if when the asset is ultimately divested the number of "after" "dollars" is not enough to actually equal to the REAL EQUIVALENT PURCHASING POWER of the "before" "dollars", then the diference in real worth has been STEALTHILY EXPROPRIATED from the victimized "investor".
And furthermore, if the TAXATION of the home or other asset is pegged, during the courseof the years, to its APPARENT "NUMERICAL dollar worth" rather than to its REAL (i.e. "inflation adjusted") worth, then the REAL TAXATION rate will have, over the course of holding the investment, ALSO been steadily, inexorably increased --- without it having been explicitly "apparent"!
Gee, folks --- and here you think BERNIE MADOFF has been a scoundrel. You should face up to what "our" marvelous, supposedly "legitimate" "financial" and "governmental" systems actually do to people!
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KlarissaComment removed: Spam
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jsimeon19 months, 2 weeks ago
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Everybody knows how difficult it is for HOMELESS people to get MEANINGFUL work or continue as a viable, contributing part of society. Hasn't this been an on-going problem???? Come down from you ivory towers and take a good look. Getting a job is great; The competition is fierce; but when you are worried because your whole family is in the street, a job can be problematic. No phone, No pool, No pets, only depression, suppression, and anxiety. Maybe they didn't get the "memo". Are the hard working Americans who built this world that the "upper class" and crooks live in the next horde of street beggars, jailbirds, and societies outcasts and dependents???
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