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GOP Continues to Kill the Middle Class
bpuharic wrote:
On Wed, 16 Feb 2011 19:48:54 -0500, wrote: In , says... bpuharic wrote: On Tue, 15 Feb 2011 07:41:29 -0500, wrote: the middle class hasnt had a pay increase in 35 years. that's the reason demand is low. no pay increases. and that's because the middle class has no unions Sure, Bob. Keep telling yourself that and don't forget to blame a street in New York for your financial problems. I just checked my 401k and it is up 4.3% this year already. Last year it was up 15.8%. Sucks to be me. do the math. how much do you have to GAIN to make up for a 35% LOSS like the average 401K lost in 2009? if you cant figure it out, i'll let you know and your 20% increase? i'll give you a hint: it's not enough Look up dollar cost averaging. Many people, including me, made some outstanding buys when the market went to hell. |
GOP Continues to Kill the Middle Class
On 2/17/2011 6:34 PM, bpuharic wrote:
On Wed, 16 Feb 2011 18:53:29 -0500, L wrote: bpuharic wrote: On Mon, 14 Feb 2011 10:28:07 -0500, wrote: On 2/14/2011 6:38 AM, bpuharic wrote: so tell me: how we doing?? I don't know about yours but my portfolio is doing quite nicely. Thanks for asking. gee if that's the case why is unemployment at 9%? Obama. HAHAHAH gee. the germans have 6% lots of unions there. social democracy. more liberal than obama.... I have relatives in Germany, and the unemployment is close to 20%. |
GOP Continues to Kill the Middle Class
On 2/18/11 6:40 AM, Despot wrote:
On 2/17/2011 6:34 PM, bpuharic wrote: On Wed, 16 Feb 2011 18:53:29 -0500, L wrote: bpuharic wrote: On Mon, 14 Feb 2011 10:28:07 -0500, wrote: On 2/14/2011 6:38 AM, bpuharic wrote: so tell me: how we doing?? I don't know about yours but my portfolio is doing quite nicely. Thanks for asking. gee if that's the case why is unemployment at 9%? Obama. HAHAHAH gee. the germans have 6% lots of unions there. social democracy. more liberal than obama.... The unemployment rate in Germany this past January was 6.6%. This article from the Minneapolis Post explains why: Germany the new mini-superpower By Robert Marquand | Published Mon, Jan 31 2011 8:37 am BERLIN Quietly at first but less so now, Germany is breaking out of its postwar identity the assumptions and understandings that held it in place for 60 years. Germany is shedding the past, busting old taboos and being more assertive. What an evolving Germany will look like in 20 or even five years is unclear, but will have profound consequences for Europe and the West. Much of the recent breakout is due to a rising German industrial base achieved by elbow grease, niche market savvy, and, as is often said here, by "doing our homework." Germans have looked around lately to find they have the preeminent world-class export economy in Europe. No one else comes close. German precision tools are coveted in Asia and Russia like Fabergι eggs. Germany is building much of the Summer Olympic and World Cup facilities in Brazil. The next generation of Eurostar trains linking the Continent and Britain will be made by Siemens of Germany, not, as they traditionally have been, by Alstom of France a blow to French pride. Germany's new global strategy seeks markets and relations in every direction from Brazil and China to Vietnam and India. France no longer exercises its capacity to "run Europe" but has become a kind of shadow partner of Berlin. Even the city of Berlin, with its bohemian nightclubs and vibrant arts community, has become a hip urban center what some here consider the new Paris of Europe. Germany makes no secret that it desires greater stability between Berlin, Poland, and Moscow. A new amity along the old Weimar corridor would signify a breathtaking change. Overall, Germany spent $120 billion a year in the 1990s to unify the country and rebuild its infrastructure, training its sights on the global marketplace. That helped it pull away from the rest of the EU. Forty percent of Germany's exports now go to the so-called BRIC countries (Brazil, Russia, India, and China). The closest EU competitor ships less than 10 percent. German machine-tool exports alone spiked 128 percent between 2009 and 2010. The unemployment rate in Germany hit an 18-year low last fall 7.5 percent. - - - http://www.minnpost.com/worldcsm/201...ini-superpower Germany has its problems, of course, and some of them are damned serious, but it made the sort of capital investment we don't make in this country, especially in infrastructure, and it has a much stronger social safety net than we do. A social democracy can work. A free market democracy does not, not any longer. |
GOP Continues to Kill the Middle Class
On 2/18/11 8:25 AM, BAR wrote:
Sucks to be me. No doubt about it. |
GOP Continues to Kill the Middle Class
On Thu, 17 Feb 2011 19:25:52 -0500, L G wrote:
bpuharic wrote: On Wed, 16 Feb 2011 19:48:54 -0500, wrote: In , says... bpuharic wrote: On Tue, 15 Feb 2011 07:41:29 -0500, wrote: the middle class hasnt had a pay increase in 35 years. that's the reason demand is low. no pay increases. and that's because the middle class has no unions Sure, Bob. Keep telling yourself that and don't forget to blame a street in New York for your financial problems. I just checked my 401k and it is up 4.3% this year already. Last year it was up 15.8%. Sucks to be me. do the math. how much do you have to GAIN to make up for a 35% LOSS like the average 401K lost in 2009? if you cant figure it out, i'll let you know and your 20% increase? i'll give you a hint: it's not enough Look up dollar cost averaging. Many people, including me, made some outstanding buys when the market went to hell. look up how long it takes to recover from a 35% drop in an equity. you cant do the math, obviously. |
GOP Continues to Kill the Middle Class
On Fri, 18 Feb 2011 06:40:27 -0500, Despot
wrote: On 2/17/2011 6:34 PM, bpuharic wrote: On Wed, 16 Feb 2011 18:53:29 -0500, L wrote: bpuharic wrote: On Mon, 14 Feb 2011 10:28:07 -0500, wrote: HAHAHAH gee. the germans have 6% lots of unions there. social democracy. more liberal than obama.... I have relatives in Germany, and the unemployment is close to 20%. wrong. http://www.tradingeconomics.com/Econ...spx?symbol=DEM The unemployment rate in Germany was last reported at 7.40 percent in January of 2011. |
GOP Continues to Kill the Middle Class
On Fri, 18 Feb 2011 06:47:29 -0500, Harryk
wrote: lots of unions there. social democracy. more liberal than obama.... The unemployment rate in Germany this past January was 6.6%. This article from the Minneapolis Post explains why: Germany the new mini-superpower By Robert Marquand | Published Mon, Jan 31 2011 8:37 am slate m agazine had an article earlier this year about why the US has the income inequality profile of a 3rd world country one reason was the fact the weathly...CEO's, etc. get to set their own salaries another was that our sports figures are very well paid and accounting for about 20% of the difference...in fact, the 3rd most important factor was the low rate of unionization americans have been taught to hate unions. and the rich are laughing all the way to the bank |
GOP Continues to Kill the Middle Class
In article , payer3389
@mypacks.net says... On 2/18/11 8:25 AM, BAR wrote: Sucks to be me. No doubt about it. 6 weeks into the year and 5.3% increase in value of my 401K. |
GOP Continues to Kill the Middle Class
On Fri, 18 Feb 2011 19:02:35 -0500, BAR wrote:
In article , payer3389 says... On 2/18/11 8:25 AM, BAR wrote: Sucks to be me. No doubt about it. 6 weeks into the year and 5.3% increase in value of my 401K. So, Obama must be successfully destroying the economy! |
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