Tuesday, April 4, 2017

Things to worry about Pt 1

http://www.marketwatch.com/story/the-growing-divide-between-the-haves-and-the-have-nots-in-one-stunning-chart-2017-03-30?mod=mw_share_facebook

This article should scare the shit out of you.

"And it’s not due to the aging population. Rather, income has actually dropped for the working class. In fact, none of the growth from 1980 to 2014 went to the bottom 50%, the study pointed out. Only 32% went to the middle class, while the top 10% reaped 68% of the growth. A full 36% went to the 1% alone. Troubling?"

Wow, no shit, go back and look at history, now long can a tiny fraction fuck over vast swaths of the population before violence begins? We are more than 1 generation into a period of contractions for a large portion of the American public. The only reason people have not responded sooner is due to a couple of bandaids - Easy credit and weak home loans.

The first, the easy credit and the oil slump in the 80's helped drop up Reagan and Bush most of their term. It was the slight attempts of Bill Clinton in the 90's that helped keep things afloat. Remember the dip of 00 and the bursting of the Dotcom bubble? Not long after we had the explosion of easy loans due to the monetization of loans and the higher returns seen from higher risk instruments. And I am not talking about all loans, people with lower credit do need chances to prove they can handle a loan, IF they can prove they earn enough to pay it back. The big problem was the no-proof of income loans and no proof of anything loans. Almost all of the ARM with huge balloon payments that the majority of consumers could not cover. The whole thing was built on the false assumption that home values will never drop.

So now, we have 2 of the big bandaids removed and more and more of the American public is starting to wake up to how far behind they really are. Along with Cheeolini shitting on everything like a puppy which is starting to wake more people up. Don't take my word for it

- Trumpcare
- Trump budget cuts
- All the vacations
   etc

You are starting to see growing signs of discontent among all people who have been left behind. Some are starting to see through the GOP lies. And here is another thing, the DNC better wake the fuck up, their only hope is the message of Sen Warren and Sen Sanders, legit progressive action to help all people. We have allowed drift to the right for far too long. Fuck, Nixon would be considered almost a liberal to the GOP now.


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