The Middle Class

[Possum]

TheMacDaddy asked a question that I cannot quit thinking about. Where is the Middle Class? I am starting a new thread because his question whether he realized it or not is a very good one everyone should be asking right now. Really is that not what us common folk aspire for, I don't think any of us are trying to get rich. For me I am wanting to live comfortabaly, and provide a future for my wife and kid. My economics kids don't know yet, but they are about to take on a new project. In my mind I am thinking from the time I was young until now. What do you guys think?

 

[TheMacDaddy]

Many college professors are now teaching lawyers and Doctors are part o middle class society. Working class society would be trade that you went to school and got certificate or degree. Demographics plays important role in society too. Some cities are saying if your income is below $50,000 year, then you are in poverty. Let's be honest inflation has sky rocket, no one is receiving raises. We on the verge of seeing many people in poverty

 

[beetlespin]

Unfortunately the middle class acted like the upper class for the past ten years and now we are all in debt up to our ears. The credit markets have became sane again(not frozen) and don't give out as many stupid loans. We basically need three to five years to pay down debt before we will become consumers again and that means 3 to 5 crappy yearts for the economy. During that time many in the middle class will fall out. Its not the governments fault either. People made unsound economic decisions in mass quantity and now they have to pay for those mistakes.

 

[Possum]

The whole middle class did that?

 

[beetlespin]

For the most part yes.

 

[TheMacDaddy]

Don't forget about the rich making bad investment. We can talk about this for hours

 

[Possum]

beetlespin - 1/23/2010 11:36 AM

Unfortunately the middle class acted like the upper class for the past ten years and now we are all in debt up to our ears. The credit markets have became sane again(not frozen) and don't give out as many stupid loans. We basically need three to five years to pay down debt before we will become consumers again and that means 3 to 5 crappy yearts for the economy. During that time many in the middle class will fall out. Its not the governments fault either. People made unsound economic decisions in mass quantity and now they have to pay for those mistakes.[/QUOTE

Could one not argue that it was the lower middle class trying to buy their dream home when it seamed affordable, then inflation goes through the roof and people max credit cards out to pay for gas at 3.50- 4.00 a gallon, milk at 5.00 a gallon, food prices at the time were ridiculous. Not blaming polititians here just saying inflation going one way, wages going the other. With some corporations making unpresidented profits during this time, and CEO's getting unpresidented bonuses for maximizing profits. Like MacDaddy said where is the middle class? Maybe we are looking in wrong direction if we want to achieve the dream in continuing to raise the standard of living for Americans? Am I wrong to think like that?

 

[TheMacDaddy]

Everyone is to blame for the economy corporations, banking instututions, the poor, middleclass and the rich... There is enough blame to go around for long time, but who was lending to people that could not affort it... Banks were using scam loans were people couldn't afford the morgage after few years into the loans...

 

[Eyeman2]

Senator from Mass., Barny Frank is over the housing authority that over sees Fannie Mae & Freddy Mac, which by the way his Boyfriend works for, and he complained that they were not loaning enough to the low income people so they could buy their dream home, Why should they pay rent when we can guarantee them a home for a few dollars more. That's how it all got started.
The Republican commitee on fair lending, asked Barny Frank how Fannie & Freddy were doing,twice; 2001 & 2004, and Barny threw a fit, which is on tape and told them "everything is fine, why do you bother me and my commitee with such dribble".
And that my friends is how all this got started.
The Banks Were Forced to Lend, Mortage Companies WERE FORCED to lend..to serve the Democract Frank and his agenda. Yet he keeps getting elected and telling lies.
By the way, they got a blank check from Obamas Stimulus Money,,,ie tax payer money. It's called Socialist Government, when the government takes from one to give to another. Chavez, Castro, Mao, Hitler, Stalin..
People, you have to read to know what is happening. CNN (Communiist News Network) ain't telling the truth and the other "C Networks" are telling you what the government wants you to hear.NBC<ABC<CBS..look who owns these companies. PERIOD,,,the house of cards started to fall in 2006..if you can't understand that, go back to watching cartoons.
Each class of people feeds off the other class, without the 3 classes of people, it will all fail. The non-working feed off the government, which is the other 3 classes, the tax payers.
The USA has one of the highest corporate taxes in the free world..Why would any companiy want to locate here, unles the state/local promises NO TAXES for XXX YEARS, and that hurts everyone in the short run. The long run is: they just pull up and go to Mexico after the freebies run out.Had you rather have 4% of millions, or 9.8% of 00?

 

[Possum]

You still believe in Santa?

 

[Bfish]

Possum - 1/23/2010 10:53 AM

Where is the Middle Class?

Reagan killed it. The separation between the upper lower class and the lower upper class has only grown wider since then.

 

[Guest]

Bfish - 1/27/2010 10:21 AM

Possum - 1/23/2010 10:53 AM

Where is the Middle Class?

Reagan killed it. The separation between the upper lower class and the lower upper class has only grown wider since then.

HORSE HAWKEY!

 

[elwestb]

Bfish - 1/27/2010 9:21 AM

Where is the Middle Class?

Reagan killed it. The separation between the upper lower class and the lower upper class has only grown wider since then.[/QUOTE]



Oh My Gosh! ... and I was planning on voting for him when ran for office!

 

[Eyeman2]

Well if it ain't Reagan, then it's Bush's fault. Some of you people still gotta blame someone who you can relate to.
The difference between classes started in 1907. Woodrow Wilson, Teddy Rosevelt, F D R, Mr Socioal Security. Thefirst person to draw SSI paid in $24 for working 3 years, and before she died she drew out over $22,000. Now if I were in business I could not survive with paying out more than I took in, unless I forced 90 million people to contibute to my Ponzi Scheme. I've done Pyramid Schemes before and made $$, but you have to shut down soon or the government will arrest you. BUT the government continues today calling it "Progressive", taxes.
I believed in Santa, therefore, now I am.
"Progressive". I think Mrs Clinton said she was a "MODERN Progressive", that's what she said in her campain,or as Stalin said, we all is Socialist.(Southern style) SEIU Union spent $60.7 million to get Obama elected.
When you give money & power to other people, they can use it against you, and there is nothing you can do about it.
The US Government bailed out failed banks, in 1907, just as Obama did in 2008. To get around the unpolular deal in 1907, the government changed the name of the game. They called it The Federal Reserve. SO it goes.
I've looked at some of the stuff some of you guys spit out and you sound like children putting the blame on the guy they don't like, without any facts.
TEST: 101---the question is, why? do you know the one & only right answer?
Now Possum, before you say something intelegent again, read the story about "The Red Necks" of W VA. They had the proper agenda, and it was GOOD. But, they would all be turning over in their graves if they could see us now.
Ever wonder why "home schoolers, church schooled, and private school children score higher on acheivement test??? NO DISRUPTION in class. Now when I attended government school, if you were a disruption, you got spanked, hammered, at school and at home. Not anymore, it just ain't right to fail kids, gives them low selfestem. or ADD. so give'em a pill. I think we called it Hyper.
I was in school in the 8th grade with guys that were shaving and drove cars, because they failed a few times. They were waiting for their 17th birthday so they could leave and get a job or join Uncle Sam.