Quote from Nikita Kruschev:

We will take America without firing a shot . . . We will BURY YOU! We can’t expect the American People to jump from Capitalism to Communism, but we can assist their elected leaders in giving them small doses of Socialism, until they awaken one day to find that they have Communism. We do not have to invade the United States; we will destroy you from within.” (From an address to Western Ambassadors at the Polish embassy in Moscow on November 18, 1956)

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barry usa Wrote:
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mike lester beats his wife. a shameful cartoonist/a typical conservative.

http://romenews-tribune.com/pages/full_story/push?article-RN-T+cartoonist+arrested%20&id=3236333-RN-T+cartoonist+arrested&instance=news_page_secondary_local

A New 'Gilded Age'

In a book published in 2010, American political scientists Jacob Hacker and Paul Pierson discuss how this "hyperconcentration of economic gains at the top" also existed in the United States in the early 20th century, when industrial magnates -- such as John D. Rockefeller, Andrew Carnegie and J. P. Morgan -- dominated the upper stratum of society and held the country firmly in their grip for years.

Writer Mark Twain coined the phrase "the Gilded Age" to describe that period of rapid growth, a time when the dazzling exterior of American life actually concealed mass unemployment, poverty and a society ripped in two.

Economists and political scientists believe the US has entered a new Gilded Age, a period of systematic inequality dominated by a new class of super-rich. The only difference is that, this time around, the super-rich are hedge fund managers and financial magnates instead of oil and rail barons.

A Threat to the World Economy


The academics fear this change could have serious consequences for the country's economic future. As they see it, this extreme inequality threatens to dramatically slow growth in the world's largest economy. This is part of a development, they argue, that has been under way for years but remained largely hidden in the years of cheap credit, rising real estate prices and excessive consumption -- when it seemed everyone was on the way up. And the problems only came to light with the arrival of the financial crisis.

Through the 1970s, income for Americans across all social classes rose nearly in lockstep, by an annual average of roughly 3 percent. Starting in the 1980s, however, this trend underwent a fundamental transformation. Granted, the economy continued to grow -- but almost exclusively to the benefit of the country's top earners. The major economic expansion under President Ronald Reagan benefited only a few, and the problem only grew worse under George W. Bush.

At least since the beginning of the millennium, it has no longer been a simple matter of two societal extremes drifting further apart. Instead, the development is also accelerating. In the years of economic growth between 2002 and 2007, 65 percent of the income gains went to the top 1 percent of taxpayers. Likewise, although the productivity of the US economy has increased considerably since the beginning of the millennium, most Americans haven't benefited from it, with average annual incomes falling by more than 10 percent, to $49,909 (€35,184).

The government does not need to bail companies out that make stupid risks. If a warehouse was hit with a hurricane then ok some help is needed for a circumstance beyond their control.

Stop supporting companies that are badly run and deserve to go bankrupt. Once they know the government will not be there to hand out free money for their stupid risks then they would be more careful how they handle their money. If I knew that if I gambled and that any loses would be covered by the government then I would make all kinds of crazy bets.

It doesn't look like WAll St agrees,,,they are back to the same unregulated business model that caused the crisis,,,

Clearly there is a form of "crony capitalism" at work in which the participants dont care how they get the money or how badly they damage the country,,,they don't give a shit about United States,,,
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Why should they care when they know both parties will bail them out. Its like playing blackjack where you keep the winnings but if you lose someone else pays for your loss. There is no risk involved because either way you win. So they go ahead and make risky moves, its not their money.

un-lock-eyy

I have you now.

un-lock-eeyy please

I have you now.

un-lock-eeyy please1

I have you now.

nah nah... OPEN

 

make the thread unlock now

I have you now.

open

I have you now.



Edited 1 time(s). Last edit at 10/04/2012 07:45PM by TheNorthman.

x

 

bam

I have you now.

open sesame

I have you now.