40% of Americans struggling financially
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  40% of Americans struggling financially
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Author Topic: 40% of Americans struggling financially  (Read 1251 times)
PSOL
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« on: August 28, 2018, 08:57:07 AM »
« edited: August 28, 2018, 03:48:07 PM by PSOL »

https://apnews.com/1d31cf4b56e449769ab4cb456237ea1f/Despite-strong-economy,-many-Americans-struggling-to-get-by

Meanwhile we pile economic shortcomings on top of each other, as we’ve done for decades.
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Angry_Weasel
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« Reply #1 on: August 28, 2018, 08:58:36 AM »

Fake news. This is the best economy EVER. Dear Leader says there are so many jobs and paychecks are soaring!
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Sir Mohamed
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« Reply #2 on: August 28, 2018, 09:01:22 AM »

Nothing new that a decent share of the American people do not get the gains from the economic growth. This needs to be an issue for Democrats.
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Crumpets
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« Reply #3 on: August 28, 2018, 12:14:09 PM »

Thanks Trump, Obama, Bush, Clinton, Bush, and Reagan.
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weatherboy1102
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« Reply #4 on: August 28, 2018, 12:16:26 PM »

Nothing new that a decent share of the American people do not get the gains from the economic growth. This needs to be an issue for Democrats.
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ηєω ƒяσηтιєя
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« Reply #5 on: August 28, 2018, 01:00:48 PM »

Nothing new that a decent share of the American people do not get the gains from the economic growth. This needs to be an issue for Democrats.
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Suburbia
bronz4141
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« Reply #6 on: August 28, 2018, 03:30:07 PM »

You can't blame wealthy people.

Blame the Fed Reserve, the economic system

Sorry but people aren't born to say, I will stay poor forever.

People want to make it in America economically.

Businesses and corporations need to pay their workers more, and workers need to be productive at work. That means less cellphone/technology time, supervisors are watching.
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Dabeav
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« Reply #7 on: August 28, 2018, 03:34:36 PM »

You can't blame wealthy people.

Blame the Fed Reserve, the economic system

Sorry but people aren't born to say, I will stay poor forever.

People want to make it in America economically.

Businesses and corporations need to pay their workers more, and workers need to be productive at work. That means less cellphone/technology time, supervisors are watching.

Keynesianism hurts (demand-side econ), fiat money, stock markets...all benefit the rich at the expense of the middle-class.
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snowguy716
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« Reply #8 on: August 28, 2018, 03:40:37 PM »

You can't blame wealthy people.

Blame the Fed Reserve, the economic system

Sorry but people aren't born to say, I will stay poor forever.

People want to make it in America economically.

Businesses and corporations need to pay their workers more, and workers need to be productive at work. That means less cellphone/technology time, supervisors are watching.
It's like that old saying in Cuba

"We pretend to work and they pretend to pay us"
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PSOL
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« Reply #9 on: August 28, 2018, 03:52:53 PM »

You can't blame wealthy people.

Blame the Fed Reserve, the economic system

Sorry but people aren't born to say, I will stay poor forever.

People want to make it in America economically.

Businesses and corporations need to pay their workers more, and workers need to be productive at work. That means less cellphone/technology time, supervisors are watching.
It's like that old saying in Cuba

"We pretend to work and they pretend to pay us"
Worker productivity sequenced in dollars and inflation has grown faster per hour than wages. The hell are you saying modern workers are lazy. Also the Keynesian following Nordic countries have all of this equal to one another with inflation
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Mopsus
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« Reply #10 on: August 28, 2018, 03:59:48 PM »

Fake news. This is the best economy EVER. Dear Leader says there are so many jobs and paychecks are soaring!

OBSESSED
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Progressive Pessimist
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« Reply #11 on: August 28, 2018, 07:11:06 PM »

This reminds me of how my dad voted for Trump because his business was more successful during the Bush administration than Obama's. So since voting for Trump his business has gotten even worse, he lost his second job only to find another one that pays him less with less benefits, is now in the process of getting divorced from my mom, and will probably end up having to pay alimony to her and child support for my sister. Boy, voting for Trump sure worked out for him.
Now, I'm not necessarily blaming my dad for any of this, but if we follow his logic of whoever is in the White House directly influencing one's life somehow-Trump may very well be the worst for him. I can't imagine that he's alone in seeing things this way, so I'm curious how he and others who think like him will vote in 2020.
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Dabeav
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« Reply #12 on: August 30, 2018, 11:51:05 AM »

This reminds me of how my dad voted for Trump because his business was more successful during the Bush administration than Obama's. So since voting for Trump his business has gotten even worse, he lost his second job only to find another one that pays him less with less benefits, is now in the process of getting divorced from my mom, and will probably end up having to pay alimony to her and child support for my sister. Boy, voting for Trump sure worked out for him.
Now, I'm not necessarily blaming my dad for any of this, but if we follow his logic of whoever is in the White House directly influencing one's life somehow-Trump may very well be the worst for him. I can't imagine that he's alone in seeing things this way, so I'm curious how he and others who think like him will vote in 2020.

Curious to the cause of the layoff? Tariffs increasing prices? Or is this just circumstantial?
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Hammy
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« Reply #13 on: August 30, 2018, 12:46:37 PM »

I've been saying this all along--this should be the focus, not the stock market, or how many people have jobs (when many are probably spending more just to keep their car going to keep the job).
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independentTX
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« Reply #14 on: August 30, 2018, 01:59:42 PM »

But HAVE YOU LOOKED AT YOUR RETIREMENT PORTFOLIO, LIBTARDS?! /s
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JA
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« Reply #15 on: August 30, 2018, 02:47:38 PM »

But HAVE YOU LOOKED AT YOUR RETIREMENT PORTFOLIO, LIBTARDS?! /s

As if many/most Americans could even afford a retirement portfolio. I've never even known anyone on a personal level that has such a thing. It's completely foreign to me.
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snowguy716
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« Reply #16 on: August 30, 2018, 03:08:49 PM »

But HAVE YOU LOOKED AT YOUR RETIREMENT PORTFOLIO, LIBTARDS?! /s

As if many/most Americans could even afford a retirement portfolio. I've never even known anyone on a personal level that has such a thing. It's completely foreign to me.
Most people with full time work have one.  It's just fairly worthless.  Most people don't really expect it to support them in any meaningful way at retirement.
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CommanderClash
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« Reply #17 on: August 30, 2018, 03:29:49 PM »

Issue the National Dividend #SocialCreditNow
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JA
Jacobin American
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« Reply #18 on: August 30, 2018, 03:42:10 PM »

But HAVE YOU LOOKED AT YOUR RETIREMENT PORTFOLIO, LIBTARDS?! /s

As if many/most Americans could even afford a retirement portfolio. I've never even known anyone on a personal level that has such a thing. It's completely foreign to me.
Most people with full time work have one.  It's just fairly worthless.  Most people don't really expect it to support them in any meaningful way at retirement.

A real retirement plan is hoping you die before you become too much of a burden and just make sure you have a good enough life insurance plan to help your family. If you're poor or working class, then that's your best bet. I wouldn't bother wasting what little money I have on stupid stocks or retirement plans.
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Progressive Pessimist
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« Reply #19 on: August 30, 2018, 06:08:21 PM »

This reminds me of how my dad voted for Trump because his business was more successful during the Bush administration than Obama's. So since voting for Trump his business has gotten even worse, he lost his second job only to find another one that pays him less with less benefits, is now in the process of getting divorced from my mom, and will probably end up having to pay alimony to her and child support for my sister. Boy, voting for Trump sure worked out for him.
Now, I'm not necessarily blaming my dad for any of this, but if we follow his logic of whoever is in the White House directly influencing one's life somehow-Trump may very well be the worst for him. I can't imagine that he's alone in seeing things this way, so I'm curious how he and others who think like him will vote in 2020.

Curious to the cause of the layoff? Tariffs increasing prices? Or is this just circumstantial?

This occurred in June of last year, still relatively early into Trump's term. My dad was laid off from his dental technician job because his employer made some bad investments and had to make up for the losses somewhere else. He was pretty bitter about it, and I don't fault him for that. 
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