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With more than 14% of the population living in poverty and increasingly squeezed by inflation,...

With more than 14% of the population living in poverty and increasingly squeezed by inflation, Andy Xie posits that 50M Americans' plight isn't so different from Egyptians. Will the Fed realize the impact of its policies "when the streets of Washington burn like Cairo's?"
Comments (13)
  • Donald Ingram
    , contributor
    Comments (3481) | Send Message
     
    Tell me it aint so? The ISM report out today is very rosey! You think it could be wrong?
    1 Mar 2011, 05:08 PM Reply Like
  • apberusdisvet
    , contributor
    Comments (2865) | Send Message
     
    Many heretofore economically challenged Americans are now alert to the disconnect of their thinning wallets and the constant propaganda spewed by the MSM on the "gradual recovery". Before there are riots here, the pain will have to be significantly greater; but it's definitely coming.

     

    Note to Ben on your inflation obfuscation: the sheeple are not amused.
    1 Mar 2011, 05:14 PM Reply Like
  • Terry330
    , contributor
    Comments (866) | Send Message
     
    Conservatives only care about the top 10%.
    1 Mar 2011, 05:14 PM Reply Like
  • wyostocks
    , contributor
    Comments (7708) | Send Message
     
    Now there you go again....................
    Read TD1931 below....................
    1 Mar 2011, 05:47 PM Reply Like
  • Bio Insights
    , contributor
    Comments (962) | Send Message
     
    Inflation is going to make it worse. You can't stop a giant storm with a crappily built levy, as you might recall from 2005
    1 Mar 2011, 05:27 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    As long as we keep the poor on welfare and unemployment, they'll be quiet. The problem comes when there are too many to put on relief. Poverty may be relative but hunger isn't. Besides, our undocumented population lives well below the poverty line but is being educated on their 'rights' by our community organizers. Maybe we will have a crisis that is too good to waste.
    1 Mar 2011, 05:28 PM Reply Like
  • Bio Insights
    , contributor
    Comments (962) | Send Message
     
    How much more can we support? Middle class will be wiped out for sure with higher taxes supporting underclass. Might as well go back to feudalism after that
    1 Mar 2011, 05:43 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3622) | Send Message
     
    Relief? The US doesn't 'keep' them on welfare/unemployment. The US 'enables' them to STAY on welfare/unemployment.
    1 Mar 2011, 07:17 PM Reply Like
  • civilheathen
    , contributor
    Comments (2) | Send Message
     
    Do any of the billions of dollars collected from fees and royalty's belong to the poor ? The taxes that the middle class pays go to pay for the corporate welfare system......look it up.
    1 Mar 2011, 09:19 PM Reply Like
  • User 487974
    , contributor
    Comments (1105) | Send Message
     
    They know full well the outcome, they want to "Transform" the economy and the world! These progressives have a plan, you better believe that!

     

    This will not end well. When Van Jones goes on and on about being able to throw a piece of paper{representing you current life} into a fish bowl and being comfortable picking out someone else's life{everyone has "social justice"now}, Man that just freaks me out. That used to be a bad thing called communism.

     

    That should not surprise anyone, Mr.. Jones is a self a vowed communist. Just recognize him and the rest{Trumka/ Stern/Jarrett}, for what they truly represent, and throughout history, it has never been good!
    Jerry
    1 Mar 2011, 06:25 PM Reply Like
  • mikeybronx
    , contributor
    Comments (347) | Send Message
     
    two words......ILLEGAL IMMIGRATION. ruined europe and is destined to topple our country.
    1 Mar 2011, 08:28 PM Reply Like
  • stringband
    , contributor
    Comments (8) | Send Message
     
    Why do people continue to think that the FED "easing" affects a growing world economy and its demand for oil? Or that Middle East tensions are effected by FED decisions. And I guess weather, which has restricted wheat production worldwide is directly controlled by liberal FED policymakers. Prices of these commodities are going up but with free trade and an open world economy those prices not a function of FED decisions the way they were 50 years ago when our economy was much more closed.
    1 Mar 2011, 11:31 PM Reply Like
  • inthemoney
    , contributor
    Comments (981) | Send Message
     
    Just wouldn't even know where to start explaining.Here are a few points - by keeping real interest rates negative for a logn time FED pushes people in search of yield, i.e. speculation and other markets. A lot of money is flowing as a result into emerging markets, cuasing inflation there. People are trying to pretect themselves from inflation by buying commodities since other financial markets such as stock are underdeveloped there. No matter, as it is there is a lot of hot money already sloshing around in thed eveloped stock markets such as US.
    2 Mar 2011, 01:22 PM Reply Like
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