Posted by Twibil on August 13, 2010, 10:49 pm
> The economy will continue to decline. We are losing more and
> more of the global market. What are we to sell? McDonald's
> and Starbucks products. Anticipate very dramatic and even dangerous
> times ahead. Social strife in every city and town.
"First thing we do, let's kill all the lawyers. Second thing we do,
let's kill all the bigots as well."
-William Shakespeare
Posted by walt tonne on August 14, 2010, 7:02 am
Get back to your Sunday School lesson planner.
Posted by Chuck Rhode on August 13, 2010, 11:50 pm
On Fri, 13 Aug 2010 14:20:14 -0700, Tim wrote:
> Now, Mr. McNerney may very well be a greedy man - I don't know him
> personally - but the question of what is wrong with the U.S. economy
> is a lot more complex than just the fact that some "Captains of
> Industry" are phenomenally greedy.
Turn over a stack of antique sheet music at a flea market. Often the
outside of the back cover has a teaser of a few bars of a more popular
tune under the heading, "Try this on your piano:"
"Between 2002 and 2007, for instance, the bottom ninety-nine per cent
of incomes grew 1.3 per cent a year in real terms -- while the incomes
of the top one per cent grew ten per cent a year. That one per cent
accounted for two-thirds of all income growth in those years. People
in the ninety-fifth to the ninety-ninth percentiles of income have
represented a fairly constant share of the national income for
twenty-five years now. But in that period the top one per cent has
seen its share of national income double; in 2007, it captured
twenty-three per cent of the nation's total income. Even within the
top one per cent, income is getting more concentrated: the top 0.1 per
cent of earners have seen their share of national income triple over
the same period. All by themselves, they now earn as much as the
bottom hundred and twenty million people. So at the same time that the
rich have been pulling away from the middle class, the very rich have
been pulling away from the pretty rich, and the very, very rich have
been pulling away from the very rich."
o Surowiecki, James. "Tax Reform for the Rich and Ultra-Rich." _New
Yorker_ 16 Aug. 2010. 13 Aug. 2010
<http://www.newyorker.com/talk/financial/2010/08/16/100816ta_talk_surowiecki> .
--
.. Be Seeing You,
.. Chuck Rhode, Sheboygan, WI, USA
.. Weather: http://LacusVeris.com/WX
.. 74° — Wind WNW 5 mph — Sky partly cloudy. Light rain.
Posted by Chuck Rhode on August 14, 2010, 9:00 am
On Fri, 13 Aug 2010 23:58:22 -0400, .p.jm. wrote:
> Try comparing the 'average' standard of living of 'the average'
> American, vs ~ 90 % of the rest of the world.
Akshualy, I rather believe the current depression is about the rest of
the world getting its own back.
--
.. Be Seeing You,
.. Chuck Rhode, Sheboygan, WI, USA
.. Weather: http://LacusVeris.com/WX
.. 71° — Wind WSW 3 mph — Sky mostly clear.
Posted by kickstart on August 14, 2010, 7:31 am
> Didn't somebody just bail from a big corporate job
> with a $400,000,000 parachute? Can't recall the
> name offhand. It's not that uncommon, is it.
that was me
kickstart the -oh the ironing -Asshole
> more of the global market. What are we to sell? McDonald's
> and Starbucks products. Anticipate very dramatic and even dangerous
> times ahead. Social strife in every city and town.