Living the American Dream - in Reverse 17 comments
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What words can describe the current situation? Fear… Despair… Disbelief.. Hopelessness…? I am sure not everyone feels these feelings, but I would tend to believe a great many do. People are afraid of losing their jobs and with good reason. Many people are only a paycheck or two away from default. The mood of the country is surely down. Amplifying the mood has been all the expressed anger about bailing out banks and financial institutions that made poor decisions. Putting salt on the wound was the bonus-paying spree to the incompetents at insurance giant AIG and Fannie (FNM). Now billions of dollars are being promised to the auto industry. Where does it end? Will this really help the economy or is it another bailout where those who asked for bailouts came in their private jets?
Where is all this bailout money to come from other than running the printing presses which will eventually cause rampant inflation? This rampant inflation will be devastating to the economy. There’s less wealth to spread around now as trillions of dollars have evaporated with increasing speed in the deepening crisis. In housing alone, more than $5 trillion has vanished. Do you remember Joe the Plumber and Obama’s confrontation with him? Do you remember Obama’s statement, I think when you spread the wealth around, it’s good for everybody? It seems so far this has not been good for anybody, more so our grandchildren who will inherit a tremendous debt load unless the US dollar is devalued.
So far Obama’s approval rating remains high, at 59%, but almost two thirds of the population thinks the country is on the wrong track, according to a poll commissioned by National Public Radio in mid-March. Bernanke spoke on 60 minutes that he was optimistic for the future of the US. That is refreshing when so many are not as optimistic. Jim Rogers and others have spoken about the unthinkable, ”Civil Unrest in the US”. In November, an analysis published by the U.S. Army War College’s Strategic Studies Institute listed “unforeseen economic collapse” as one of the possible causes of future “widespread civil violence.”
If someone had spoken this way a short year ago they would have been admitted to an asylum ward. It is truly unbelievable.
Just in Jan. and Feb. of this year, around 2.5 million Americans bought guns, a 26 percent increase over the same period in 2008. Gun sales increased immediately after Obama won the elections. The fear that he would tighten gun controls and the fear of social unrest have been stated as the reasons for such an increase in gun sales. In all reality, can’t there be social unrest or rampant crime? An absolutely terrible economy can push people to their limits. Unemployment is raging. There is a new segment of the population the “Newly Poor”. In February alone, an average of 23,000 people a day lost their jobs. How many families has that affected? How many homes were lost? How will these people provide for their families?
The unbelievable is happening. Tent cities for the homeless have expanded outside a string of American cities, from Sacramento and Phoenix to Atlanta and Seattle, for people who are living the American dream in reverse. First they lose their jobs, then their health insurance, then their homes, then their hopes. The encampments are something out of Third World refugee camps.
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”Civil Unrest in the US”
"Unemployment is raging"
This is exactly the kind of sensationalist post that is contributing to the negative psychology.
On Mar 20 09:39 AM Tradememe wrote:
> "Fear… Despair… Disbelief.. Hopelessness"
> ”Civil Unrest in the US”
> "Unemployment is raging"
>
> This is exactly the kind of sensationalist post that is contributing
> to the negative psychology.
What we will see this summer is a lot of localized problems. Domestic violence is already on the rise. There will be more suicides and the neighbor-to-neighbor violence will increase. Perhaps there will be a riot or two but true civil disturbance will take organizing and I just don't see organizations in place (like during the anti-war movement) yet.
One of the key elements is whether people believe The President is on their side and doing all he can. If they do then there will be a natural lid on any disturbances. That is how it worked during the depression. There were many mass demonstrations under Hover. Roosevelt convinced everyone he understood, was on their side, and doing all he could and the demonstrations ceased.
On Mar 20 08:33 AM Ferdinand E. Banks wrote:
> I like the way that Mr Abraham writes. He has the ability to use
> his sense of humor. Of course, I don't understand what he says. The
> US is a democracy, and although there was some question about the
> first Bush victory, the second was apparently above board. The American
> people (as a group) voted for President Bush, and they have the opportunity
> now to live with the outcome of their decision, and hopefully learn
> if they find it unpleasant. Of course, the point is to pretend that
> the present economic disaster is the result of voting for President
> Obama, but I find that absolutely and completely incomprehensible.
> My conclusion here is that like it or not, the new president deserves
> a chance, even if I think that his energy policy is nutty
Yeah, good thinking. Nobody would have wanted to deny Hitler the opportunity to implement his insane policies, no matter how potentially destructive they obviously were.
Likewise I like the part where you think Obama's energy policy is "nutty" but he deserves a chance to implement his "nutty" policies. Logic like this is what got us the Obamanation in the first place.
On Mar 20 08:33 AM Ferdinand E. Banks wrote:
> I like the way that Mr Abraham writes. He has the ability to use
> his sense of humor. Of course, I don't understand what he says. The
> US is a democracy, and although there was some question about the
> first Bush victory, the second was apparently above board. The American
> people (as a group) voted for President Bush, and they have the opportunity
> now to live with the outcome of their decision, and hopefully learn
> if they find it unpleasant. Of course, the point is to pretend that
> the present economic disaster is the result of voting for President
> Obama, but I find that absolutely and completely incomprehensible.
> My conclusion here is that like it or not, the new president deserves
> a chance, even if I think that his energy policy is nutty
On Mar 20 08:33 AM Ferdinand E. Banks wrote:
> US is a democracy, and although there was some question about the
> first Bush victory, the second was apparently above board.
On Mar 20 10:14 AM Andy Abraham wrote:
> Sorry if I was confusing.. I feel in no one Obama caused these issues...
> more so ...cause is not the issue at hand... what is paramount is
> to fix the issues... With that said though.. I find it hard to have
> confidence that this administration can fix the problems... so easily
> or quickly... These are deep ingrained problems that think years
> of healing will be needed... Yes..everyone deserves a chance... but
> at what expense... to mortgage the future of our grandchildren? All
> the money the administration is throwing around will cause us tremendous
> debt..( unless there is a devaluation of the dollar) and quite possibly
> rampant inflation... Either of these options are not good for us...
> However..this too will end...and we will come out of this the strong
> nation that we are...
> Civil unrest in the US because of a bad economy? I will believe it
> when I see it. In a world scale the US workers have the least rights
> and benefits, and yet there are hardly even strikes, much less civil
> unrest. Americans are just too peaceful and passive, I do not see
> civil unrest in the future. This idea of people buying guns to defend
> themselves from rampant crime is very poetic and macho (a la John
> Wayne), but it will never happen. Massive waves of emigration are
> more likely.
I do not believe we will see civil unrest to any great degress but you fail to understand what America is all about when you say, "Americans are just too peaceful and passive..." or "waves of emigration are more likely".
The Britsih thought we wouldn't cause a ruckess and Japan thought we were too peacefull and passive at one time and the Soviets thought we wouldn't hang in there for the long haul and don't forget which country is the only one to drop an atomic bomb and which is the only country where white people fought a very bloody war to free blacks. We are a peace-loving people until we get riled up and then watch out.
...and don't come climbing in my window at night.
> It's funny that everyone is concerned about the debt now when federal
> spending is being used to try to attempt to help average workers.
> There was little outrage when GW ballooned the deficit with tax cuts
> for the rich and a war to please the neocons.
Please stop with your whining. Plenty of conservatives were angry at Bush for his spending.
You have a good point and if you would leave out the political BS you might get it accross to more people.
"It's funny that everyone is concerned about the debt now when federal spending is being used to try to attempt to help average workers. there was little outrage when GW ballooned the deficit with tax cuts for the rich and a war to please the neocons."
Actually, GreenGuy has it right.
As a political tactic the Republican Party has suddenly remembered their fiscal conservative roots. Having said that, I am neither
Republican nor Democrat simply because both parties, in the end, represent only one party, the Capitalist party. Yes, the party of the RICH, if you will. And before you disagree, consider that the USA government is actually run by the 17,000 lobbyists writing legislation for the politicians who get "elected". So, although America is a "democracy", it is a democracy by name only.
I also just finished readying the article provided by the author below:
'Tent cities' of homeless on the rise across the US
tinyurl.com/4rr74c
Frankly, in the wealthiest country in the history of the planet such a situation should not be tolerated. In fact, it is shameful. I bet even Cuba doesn't have this problem with homeless.
I'm sure the ruling class sees the danger in this and, if they let things get further out of control, the ruling class will be answering to a future Che or Castro, in no time at all... In my opinon.
"
The US is a democracy, and although there was some question about the first Bush victory, the second was apparently above board...
"
I recommend the article below sir for a perspective on how American "democracy" works:
"Fluke? Credit crisis was a heist"
tinyurl.com/cgugqm
articles.moneycentral....
On Mar 20 06:54 PM User 270430 wrote:
> Good article.
>
> I also just finished readying the article provided by the author
> below:
>
> 'Tent cities' of homeless on the rise across the US
> tinyurl.com/4rr74c
>
> Frankly, in the wealthiest country in the history of the planet such
> a situation should not be tolerated. In fact, it is shameful. I
> bet even Cuba doesn't have this problem with homeless.
>
> I'm sure the ruling class sees the danger in this and, if they let
> things get further out of control, the ruling class will be answering
> to a future Che or Castro, in no time at all... In my opinon.<br/>