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Forum Post: So, the middle class is being destroyed?

Posted 1 year ago on April 8, 2013, 8:52 a.m. EST by eviltrillionaire (-146)
This content is user submitted and not an official statement

Let's see now.

The Bernankster/Obamanator print $85 Billion PER MONTH out of thin air. How much is that?

Well, divide $85 Billion by 320 Million (population of the U.S.) and you quickly find it's about $265 PER MONTH for every person in the U.S. being printed out of thin air.

Wonder why the stock market is flying high? Look where that money is sloshing into.

Don't think that's going to have consequences like a currency crisis or economic crash, a loaf of bread costing $50, or every person losing their life savings and property?

Yes, Virginia, the middle class is being destroyed.

Guess by who? Now don't let the music stop, Big O.

36 Comments

36 Comments


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[-] 2 points by RoccoXXX (8) 1 year ago

I agree ! Colorful language included.

[-] 1 points by DKAtoday (28483) from Coon Rapids, MN 1 year ago

TRUTH

Plain & Simple.

TRUTH

[+] -7 points by eviltrillionaire (-146) 1 year ago

Hey idiot, the sequester was Obama's idea. Now STFU and stop whining about it.

[-] 4 points by BradB (2693) from Washington, DC 1 year ago

hahahahaha .... u r so fucked up ....

[-] 4 points by BradB (2693) from Washington, DC 1 year ago

how far did u listen to that ? ..... enforcement mechanism ... dumb ass ... and you think the sequester was for anything else ? ..... and in anyway is effecting the middle classes demise ? ...... lack of operating capital is destroying the middle class ....

I repeat ..... hahahahaha .... u r so fucked up ....

[+] -4 points by eviltrillionaire (-146) 1 year ago

Hey idiot, the sequester was Obama's idea. Now STFU and stop whining about it.

[-] 4 points by BradB (2693) from Washington, DC 1 year ago

no whining in my posts ... only laughter ...

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[-] 3 points by DKAtoday (28483) from Coon Rapids, MN 1 year ago

LOL - I thought the smell was from a toxic dump - who knew it would be et's?

[-] 1 points by Middleaged (5140) 1 year ago

What is the nature of all Politicians?

1) They are Actors & Illusionists.
2) If their mouth is moving - they are Lying
3) They minimize all words A) to avoid protests from Interest Groups B) to avoid their Opponent from taking advantage C) They control info to keep all common people dumb and dumber
4) There is no Sides or Parties to consider if you look at the Effects, the Actions that cause effects and look at the money spending. (Notice both the Dems & GOP benefited from the Spending across all federal budgets lines from 2001 -2013?)
5) You have to look at the Actions of Congress not the words (They control the Budget)
6) You have to look at the Actions of President Obama not his words
7) You can't consider Campaign Promises, You can't consider words after elections, ... you can only look at actions.

8) Washington helps Big Corporations and works against small businesses and against common people (I.E. War, Bank Deregulation, Disempowering the FTC, Campaign Finance Reform opened up millions to politicians, TBTF is bigger than ever, TBTF has Waivers of Prosecution, Austerity is bad for the Middle Class - but we are getting Austerity, The affordable Health Care Act is putting more money into corporate hands, Congress voted on all this stuff Bipartisan support if there was no vote... there sure is little protesting)

[-] 4 points by GirlFriday (17435) 1 year ago

FedEx is the world's largest express transportation company, delivering some 3.3 million packages daily. It includes FedEx Freight, which hauls heavier items throughout the U.S., and FedEx Kinko's, which offers copying, printing, and graphic design services and sells office supplies, and serves as a drop-off point for customers mailing packages. [1] Ties to the American Legislative Exchange Council

FedEx lobbyist Bill Primeaux is on the Executive Committee of the American Legislative Exchange Council's (ALEC's) Commerce, Insurance and Economic Development Task Force as of 2011.[2] [3] It was a "Vice-Chairman" level sponsor of 2011 American Legislative Exchange Council Annual Conference, which in 2010, equated to $25,000.[4] FedEx was also the sponsor of the ALEC 39th Annual Meeting Preview Reception.[5]

Recent Controversy

Tax Dodging

For fiscal year 2010, writes the anti-austerity organization US Uncut, “When it comes to paying their fair share of taxes, FedEx simply does not deliver. When FedEx made $1.9 billion in profits, they managed to pay less than .0005% of it in taxes by using 21 tax havens. FedEx also spent 42 times (4200%) more on lobbying Congress than they did in taxes.”[6]

2010 Revenue and CEO Compensation

In 2010, FedEx had revenue of $34.734 billion, and its CEO, Frederick W. Smith, took home a paycheck of $1.19 million.[7] [8]

Ad boycott against Air America Radio

FedEx refused to advertise on the progressive Air America Radio. In October 2006, around 90 companies, including FedEx, told ABC Radio Networks that they did not want their ads to play on any radio stations that carried Air America Radio. [9] [10] [11]

Political contributions

Frederick W. Smith-- Chair, President & CEO of FedEx-- is a Bush Pioneer having raised at least $100,000 for Bush in the 2004 presidential election. [12]

FedEx gave $1,234,900 to federal candidates in the 05/06 election period through its political action committee: 34% to Democrats and 66% to Republicans. [13]

Lobbying

The company spent $3,200,000 for lobbying in 2006. In-house lobbyists as well as 13 outside lobbying firms were used, including Van Scoyoc Associates, Inc., PricewaterhouseCoopers, Bryan Cave Strategies, Sonnenschein, Nath & Rosenthal, and Womble, Carlyle et al. [14]

Selected board members:[16]

James L. Barksdale, Chairman and President, Barksdale Management Corporation

August A. Busch IV, President and CEO, Anheuser-Busch

Shirley A. Jackson, President, Rensselaer Polytechnic Institute http://www.sourcewatch.org/index.php/FedEx

[-] 1 points by DKAtoday (28483) from Coon Rapids, MN 1 year ago

Hey - guess what?

I am having a package delivered by the USPS in three days - basic post charge 9.95 - huh funny - last time I had a package delivered it was UPS express in three days - only cost ten dollars more.

Funny - Hey?

[-] 1 points by GirlFriday (17435) 1 year ago

That is funny, in a rob you blind kind of way.

[-] 2 points by DKAtoday (28483) from Coon Rapids, MN 1 year ago

Heh Heh - yeah yeah I know - laffin so hard my eyes are tearing-up. Well I think it is the laffin.

[-] 2 points by GirlFriday (17435) 1 year ago

Well, is it that insane laugh? The one where you have to laugh because FedEx is overpriced, provides shitty service, and treats their employees like crap?

[-] 2 points by DKAtoday (28483) from Coon Rapids, MN 1 year ago

OHhhhh Snap - hysterical laffin - could be - could be - such a lovely and healthy world - who wouldn't be laffin - hysterically?

[-] 1 points by DebtNEUTRALITYpetition (638) 1 year ago

Its still the bankers and wall street in the background leading the charge. They create nothing new but insist on huge interest rate taxation on existing debts that cause debtors to never get out of debt.

This in turn leads to accelerated use of the world's resources, which in turn leads to easily made up wars based on raw resource needs.

[-] -1 points by eviltrillionaire (-146) 1 year ago

"Huge interest rate taxation"?

Wha? Interest rates are right around ZERO right now and have been ever since the fed's ZIRP policy. If you're in treasuries, you ain't making money on interest.

Your post isn't even making sense.

[-] 1 points by DebtNEUTRALITYpetition (638) 1 year ago

I'll quote myself..."They (bankers and wall street" create nothing new but insist on huge interest rate taxation on existing debts that cause debtors to never get out of debt.

What could I possibly be talking about? Homes and property are not the type of debt I am talking about because they are collateralized.

[-] 1 points by jrhirsch (4714) from Sun City, CA 1 year ago

He won't and he can't. The bonds are like pushing the ocean of debt farther out with strong winds while adding even more seawater. Eventually that debt will come due and come crashing back to shore like a tsunami.

[-] 1 points by OTP (-203) from Tampa, FL 1 year ago

Rates cant stay at zero forever, and when "they" lose control over their LIBOR wet dream, its going to make a much bigger mess than we had in 08.

[-] 1 points by jrhirsch (4714) from Sun City, CA 1 year ago

How will Libor cause that?

[-] 1 points by OTP (-203) from Tampa, FL 1 year ago

Once Bush Sr and his professional actor came into power, its been a nonstop sale on the money.

People dont have a choice but to invest in teh stock market with bond returns this pathetic. And the stock market is completely dependent on bailouts and stimulus and qe.

Im not a financial guy at all, but I did notice when I started paying attention to political stuff in teh early 2000's that everytime there was a new plan by the politicians it was accompanied by a rate decrease.

Thats why Obama is fucked. He cant go any lower. Some suggested that negative rates may be next, and that seems damn insane.

http://0.tqn.com/d/bonds/1/0/8/-/-/-/10-Year.jpg

[-] 1 points by OTP (-203) from Tampa, FL 1 year ago

LIBOR proved that the entire rate situation is a scam, to those who didnt know it already. Global rates all at zero is a totally unnatural and manipulated situation.

IMO they cannot centrally plan the financial markets forever, although Im starting to question that. And when logic and common sense come back into play, we are in for a real treat.

[-] 1 points by freakzilla3 (-75) 1 year ago

Anything ever come out of the LIBOR scandal? Arrests or whatnot?

[-] 2 points by jrhirsch (4714) from Sun City, CA 1 year ago
[-] 1 points by OTP (-203) from Tampa, FL 1 year ago

I think decided to focus on a few low level hedge fund guys out of Atlanta instead :)

[-] 1 points by freakzilla3 (-75) 1 year ago

well, that solves that then. another Obama triumph. next!

[-] 0 points by Narley (280) 1 year ago

Not only is the middle class disappearing, there’s probably nothing we can do about it. It’s wishful thinking to believe OWS or anyone else will be able to wake up the masses. We will not be able to make the masses understand the problems. Just wishful thinking.

People will not become involved until conditions and circumstances force them to become involved. The truth is in spite of all our problems the general population live comfortable and secure lives. They continue to buy big screen TV’s, $25K cars, iPhones and watch Dancing-with-the-stars. Beyond the voting booth few people are care about social or political change.

I’ve believe only when the system collapses to the point where people are forced out of their comfortable lives will they become active in change. Some people call such an event a depression, others SHTF; but whatever you call it, it’s the only way things will change.

[-] -1 points by DKAtoday (28483) from Coon Rapids, MN 1 year ago

Yes, Virginia, the middle class is being destroyed. Guess by who? Now don't let the music stop, Big O.

Pretty sure it is the Big C. CANCER (?) why yes and no. By CorpoRATions ( the cause/bringers of so much cancer ).

[-] -2 points by eviltrillionaire (-146) 1 year ago

Bzzzzzzzzzzt. Corporations aren't printing up $85 Billion out of thin air every month. That would be the govvy, Ben Bernanke.

[-] 1 points by BradB (2693) from Washington, DC 1 year ago

still listening to fox no news ... huh?

[-] 1 points by DKAtoday (28483) from Coon Rapids, MN 1 year ago

Bzzzzzzzzzzt - prompted by the CorpoRATion lackeys. So still the Big C