I think the recession's over

[Caligastia]

Originally posted by chegitz guevara
Certainly not giving money to the rich.

Wouldn't it be more correct to say that they 'took less' rather than 'gave'? Saying they 'gave' money to the rich makes it sound like it was never their money to start with.

So...what do you attribute the upswing in the economy to?

[GePap]

The Tax burden on the upper incomes today is far lower than it was during the "glory days" of the 50's and 60's, and yet that did not seem to inhibit growth during those two decades, and lo and behold, cut the income gap as well. Tax rates on the top incomes are back to 1920's levels, and lo and behold, soon enough so will the income gap.

Service jobvs, which is most of the jobs tha come up, are not going to pay (and more importantly, lack the benefits off) the jobs they are replacing. That bodes badly for the lower classes and middle class.

The rich are never made poor by the tax burden in this country, sepcially since they earn enough to know how to doge as much taxes as possible.

[chequita guevara]

Cleared inventories, a weaker dollar raising demand for American goods, the pruning of enough sick branches of the economy to allow healthy ones to grow, etc.

[GePap]

Low interest rates still and huge amounts of spending iand refinancing still. Exuberant hopes for a golden recovery as well..

[rah]

Originally posted by Caligastia
Wouldn't it be more correct to say that they 'took less' rather than 'gave'? Saying they 'gave' money to the rich makes it sound like it was never their money to start with.

Yep, but communists and socialists prefer to say it the other way. It makes the rich sound more evil.

And just a note; my buds that found jobs, all are making more than they were before.

[GePap]

And what kind of jobs did your buds have? The type at which one can afford $50 haircuts?

The government makes and distributes money..and money is worth something only as long as the government is willing to back it: so unless the rich have their own presses and back their money on their own words, it is the govs money at the beginning, and end. Now if the rich whish to give up all their dollars and revert to private bank notes..I am more than willing to take it off their hands.

[rah]

Utter Crap. It's not the governments money. It the people's that earn it. Without that incentive, the US would be just like the old Soviet Union. More screwed up than it already is.

Cheap shot on the haircut. But I expect no less from your type. Classless, in more ways than one.

[GePap]

"People earned it" Fomr whom? their employer..wh got it from where? The magic money tree in their backyard? And if tommorrow the US government announced it would no longer honor the value of the dollar but was swithcing to something else, all those people's whose wealth lies in portfolios, spread sheets and so forth would lose most of it.

Cheap shot on the haircut. But I expect no less from your type. Classless, in more ways than one.

"my type"?

Is it crass for me to assume you do not hang out with the hoi poloi of the population? the kind that loose trade jobs, industrial jobs and then move on to lower end service sector jobs? i sure don;t. I don;t talk about how my friends got this job or that, so it porves this or that..why? cause most of the people I know just left college and had no jobs before, or end up in financial jobs, so they are NOT representativ..and my guess is that the friends you speak of are not either.

[PLATO]

GePap, Man you gotta get out of that liberal hotbed your working in.

hoi poloi? Too Funny!

[GePap]

Originally posted by PLATO
GePap, Man you gotta get out of that liberal hotbed your working in.

hoi poloi? Too Funny!

Liberal hotbed? Where do you guys think the money exist? it sure as heck is NOT the conservative strongholds. As I keep saying, NYC exports 11 billion dollars in tax revenue to the rest of the country..and the people in the poor states have the gaul to talk about their tax dollars going to NYC!?

Where do you think the Bush Tax cuts will have the most impact? Missouri or NYC? I can tell you, it's in NYC..and yet New yorkers don;t like him...it is not all about money.

[rah]

Originally posted by GePap
Is it crass for me to assume you do not hang out with the hoi poloi of the population? the kind that loose trade jobs, industrial jobs and then move on to lower end service sector jobs? i sure don;t. I don;t talk about how my friends got this job or that, so it porves this or that..why? cause most of the people I know just left college and had no jobs before, or end up in financial jobs, so they are NOT representativ..and my guess is that the friends you speak of are not either.

Yes, it is with no other info than a 50 dollar haircut. But then most of your assumptions are based on lack of information. Money is just a way to keep score. At any one time, I have no more than 5 or 6 thousand dollars. The rest is tied up in real estate, investments in companies, precious metals, items of comfort to support my family. Even without money, those items still maintain a value. And no i don't hang out with the hoi polio. I'm just your average middle class American that's busted his butt trying to provide for his family. I probably donate more time and money to charity in a year, then you're likely to in your lifetime, but since I don't know that for sure, I won't insult you with it.

[PLATO]

Originally posted by rah


Yes, it is with no other info than a 50 dollar haircut. But then most of your assumptions are based on lack of information. Money is just a way to keep score. At any one time, I have no more than 5 or 6 thousand dollars. The rest is tied up in real estate, investments in companies, precious metals, items of comfort to support my family. Even without money, those items still maintain a value. And no i don't hang out with the hoi polio. I'm just your average middle class American that's busted his butt trying to provide for his family. I probably donate more time and money to charity in a year, then you're likely to in your lifetime, but since I don't know that for sure, I won't insult you with it.

[GePap]

Hmm, just like my family, that sounds...

No, most people making even over 100,000 don;t have that much saved in the bank.

I probably donate more time and money to charity in a year, then you're likely to in your lifetime, but since I don't know that for sure, I won't insult you with it.

Is this irony or something. I am sorry, but given what i hear daily, I don;t go over well for class martyr and such. My job consist of trying to help people with lives I would not whish for my worse enemies..so I am very well tuned with suffering, with job loss, and worse. I don;t need the lessons on life misery, or life's dangers, just going from my own expriences, which have been varied. Now, we can start comparing penis size in terms of suffering, but I don;t care to.

The figures are simple: most new jobs do not pay as much as the old ones. saying "I know these guys" means nothing when in a discussion like this. So spare me the "I am a working middle class story", cause what that means varies, and I do have plenty of experience with all levels of poverty and wealth. All of which is why I don;t use my life as a template..no life is a template. so stick to nice figures if you want to avoid such comments.

[rah]

Yes, you're right, It's not fair to compare experiences with someone that has so little. Call me back in 25 years.

[PLATO]

Originally posted by GePap
My job consist of trying to help people with lives I would not whish for my worse enemies..so I am very well tuned with suffering, with job loss, and worse. I don;t need the lessons on life misery, or life's dangers

GePap, How many of these people would help themselves if you were not there? How many would just sit down and starve to death? The point is that their are opportunities everywhere in this country. It is just far easier to turn to the government for help. That way you can still maintain your lifestyle and don't have to give up the three TV's and the microwave to make ends meet. If government would force people to make their own breaks then society as a whole would be more productive. I can assure you that us 6 figure makers won't let those trying to suceed starve.