[forsberg21]

http://www.economonitor.com/blog/201...de-and-a-half/

Both official data and numerous news stories confirm how badly average citizens have fared in the wake of the global financial crisis. Food stamp use has fallen only a tad from record high levels. WalMart has reinstituted layaway. The average home with a mortgage has no equity in it.

Further confirmation comes via the Census Bureau release that showed the US poverty rate has risen a full percent in the last year to 15.1%, a level not seen since 1993, the end of a short but nasty downturn. And 1/4 of American children are living in poverty. Fewer young adults are able to start households. 14.2% of Americans between the ages of 22 and 34 are living with their parents, up from 11.8% before the downturn. As the Financial Times noted:

“To have hit 15.1 per cent is truly extraordinary,” said Alice O’Connor, a professor who studies poverty at the University of California, Santa Barbara.

“We are entering territory which looks like the period before we even started fighting a ‘War on Poverty’ in the 1960s. It’s quite stunning. This is a terrible statement about the depths of the Great Recession but, even more, about the recovery, which has clearly left the poorest out completely.”

Median income plunged 2.3% in 2010, and is down a full 7% from its high in 1999. Inflation adjusted median income is at the 1996 level. That makes it the first decade since the Great Depression in which inflation-adjusted median income has failed to increase. IN addition, Americans without health insurance reached 49.9 million, an increase of 1 million in the last year.

But focusing on the median as the American middle class is being hollowed out may be the wrong focus. Tech Ticker discusses how marketing giant Procter & Gamble has decided there is no future in the middle class (hat tip reader Valissa):


By contrast, the top 1% now pulls down a full 25% of all income in the US, and their lives are predictably unaffected by the downturn. Again from the Financial Times:

Ipsos Mendelsohn, the media research group, released figures that show things are apparently looking up for the top tier of US earners.

The group’s annual survey of affluent Americans found that the number of households making more than $100,000 a year was 44.2m in 2011, compared with 44.1m the previous year. Their spending held steady at $1,400bn after previously falling…

The survey, which polled 14,405 wealthy adults, found “almost all affluents are planning a wide range of activities in the next year, with travelling, remodelling, and investing topping this list”.

What is distressing is the lack of any sense of noblesse oblige. Those at the top of the food chain for the most part seem to have no concern about the damage income inequality does to broader society, and to them (we’ve discussed how unequal societies produce worse outcomes in health and happiness even for those at their apex). Unfortunately, the lesson of history is that little pigs get fed and big pigs get slaughtered,. These big pigs may have to learn their lesson the hard way.

________________

Conclusion:

- UHMURKAH has highest poverty levels since 1993
- 15% of the population is on food stamps: THIS IS WHY UHMURKAH WILL BE A 3RD WORLD NATION SOON
- Incomes are down 7% since their highs
- 49.9 MILLION UHMURKANS live with NO health insurance

UHMURKANS: Explain to me why you think you live in the greatest nation in the world? Your country is PATHETIC.

[RGG]

Let's keep gambling!

[brooks85]

"Both official data and numerous news stories confirm how badly average citizens have fared in the wake of the global financial crisis."

haha what a bunch of bullshit

here is a hint, the majority of america doesn't live in a ghetto, go check it out and see how "bad" they are living

[ACoochy]

UHMURKANS Forsy u come out with some beauties at times...

[Rod1010]

Uhmurkans

[stevenash]

I blame Obama

[Kindred]

op doesn't even have $200 to go pro...hope they have food stamps in whatever dump you live in with your penis envy for the USA

this is what you do with your Saturdays?

[Cap dat 4ss]

Forsey, football has started pal. This kind of trolling was only needed during the down months of summer pal. This is your one warning guy, nobody cares anymore . We're focusing on picking winners.

[bettilimbroke999]

Im proud to be an Uhmurkan!

Forsberg come clean how much did you lose on the Stanley Cup when the Bruins raped your Canucks 50-0?

Is that why you cant afford to be an SBR pro?

[MB]

I'm thankful my situation is kinda cool. Lots of people no matter if they live in the ghetto or not are struggling.

[Killer_Demo]

sad state of affairs in supposedly the best nation in the world...political greed has turned the nation upside down

[opie1988]

Forsy-

Men are watching & gambling on football here, son. I don't want to see you cluttering up my forum with this kind of nonsense again.

Last warning, pal.

Don't you have NHL12 or something to go and play on your Xbox?

[BGS 9.5]

yawn

[yisman]

[forsberg21]

sad state of affairs in supposedly the best nation in the world...political greed has turned the nation upside down

Finally, an Uhmurkun who sees through the propaganda machine better known as the USA. Living in reality is far better than living in fantasy, despite how harsh that reality may appear.

[forsberg21]

Forsy-

Men are watching & gambling on football here, son. I don't want to see you cluttering up my forum with this kind of nonsense again.

Last warning, pal.

Don't you have NHL12 or something to go and play on your Xbox?

Nonsense? LOL... Opie, is this how you deal with the truth?

BTW, doesn't Opie remind you of George Dubya Bush? He's a Texan redneck who talks so much incoherent jibberish. His words have virtually no value, yet he has a skill to manipulate the masses into liking him. Opie, I see through your used car salesman charm. You can fool these SBR'ers, but you're not fooling me.

[Richkas]

Who cares....

[hardball]

Sweet Jesus.....

Narcissistic personality disorder pal.

You scream: "I need attention"

[flyingillini]

http://www.economonitor.com/blog/201...de-and-a-half/

Both official data and numerous news stories confirm how badly average citizens have fared in the wake of the global financial crisis. Food stamp use has fallen only a tad from record high levels. WalMart has reinstituted layaway. The average home with a mortgage has no equity in it.

Further confirmation comes via the Census Bureau release that showed the US poverty rate has risen a full percent in the last year to 15.1%, a level not seen since 1993, the end of a short but nasty downturn. And 1/4 of American children are living in poverty. Fewer young adults are able to start households. 14.2% of Americans between the ages of 22 and 34 are living with their parents, up from 11.8% before the downturn. As the Financial Times noted:

“To have hit 15.1 per cent is truly extraordinary,” said Alice O’Connor, a professor who studies poverty at the University of California, Santa Barbara.

“We are entering territory which looks like the period before we even started fighting a ‘War on Poverty’ in the 1960s. It’s quite stunning. This is a terrible statement about the depths of the Great Recession but, even more, about the recovery, which has clearly left the poorest out completely.”

Median income plunged 2.3% in 2010, and is down a full 7% from its high in 1999. Inflation adjusted median income is at the 1996 level. That makes it the first decade since the Great Depression in which inflation-adjusted median income has failed to increase. IN addition, Americans without health insurance reached 49.9 million, an increase of 1 million in the last year.

But focusing on the median as the American middle class is being hollowed out may be the wrong focus. Tech Ticker discusses how marketing giant Procter & Gamble has decided there is no future in the middle class (hat tip reader Valissa):


By contrast, the top 1% now pulls down a full 25% of all income in the US, and their lives are predictably unaffected by the downturn. Again from the Financial Times:

Ipsos Mendelsohn, the media research group, released figures that show things are apparently looking up for the top tier of US earners.

The group’s annual survey of affluent Americans found that the number of households making more than $100,000 a year was 44.2m in 2011, compared with 44.1m the previous year. Their spending held steady at $1,400bn after previously falling…

The survey, which polled 14,405 wealthy adults, found “almost all affluents are planning a wide range of activities in the next year, with travelling, remodelling, and investing topping this list”.

What is distressing is the lack of any sense of noblesse oblige. Those at the top of the food chain for the most part seem to have no concern about the damage income inequality does to broader society, and to them (we’ve discussed how unequal societies produce worse outcomes in health and happiness even for those at their apex). Unfortunately, the lesson of history is that little pigs get fed and big pigs get slaughtered,. These big pigs may have to learn their lesson the hard way.

________________

Conclusion:

- UHMURKAH has highest poverty levels since 1993
- 15% of the population is on food stamps: THIS IS WHY UHMURKAH WILL BE A 3RD WORLD NATION SOON
- Incomes are down 7% since their highs
- 49.9 MILLION UHMURKANS live with NO health insurance

UHMURKANS: Explain to me why you think you live in the greatest nation in the world? Your country is PATHETIC.

[TR88]

[forsberg21]

Sweet Jesus.....

Narcissistic personality disorder pal.

You scream: "I need attention"

Actually, if you can read between the lines, I scream "THE USA IS A COMPLETE AND UTTER JOKE DESPITE THE MEDIA BRAINWASHING UHMURKANS INTO THINKING THAT UHMURKANS ARE GOD'S GIFT TO THE WORLD".

[rsnnh12]

I've never seen anyone so jealous of another country

[gangeriver]

everywhere beginning to resemble a 3rd World nation. ( Scandinavian countries and Switzerland are exceptions) Europe's deepest recession since WW2 ended last year but still doesn't have a good situation. I mean that is a global problem, not about only USA. At least USA has some solution, it attack to middle east countries and recover its economical situation.
War industry is antidote to USA's econimical ressession for years.

[forsberg21]

I've never seen anyone so jealous of another country

Jealous of what? The fact that:

- the US is drowning in debt
- the US unemployment rate is at an all time high
- the US is grotesquely obese
- the US has high levels of crime for a developed nation
- the US is more bi-polar than any time it's ever been in history
- revealing that your Uhmurkan when you travel across the world isn't such a great idea to locals
- only 30% of Uhmurkans have a passport
- China is telling you what to do
- your military is bankrupting you
- the US housing market has collapsed
- US banks caused your financial crisis, then the US taxpayers bailed out the banks (this one is the best)
- the average US citizen is pretty damn stupid
- 15% of Uhmurkans are living on foodstamps
- the US has an abundance of ghettos for such a developed nation

Honestly man, I can go on and on... what's there to be jealous of, really?

[bettilimbroke999]

What's Canada forsberg? Where is it on the map? Never heard of it pal.

Oh wait a minute are you talkin about the ppl that hump America's northern border since only about 100 miles of their country is inhabited and have exactly identical culture to the US but claim to be vastly different and post 10k jealousy filled threads about how bad America is.

We got more illegal immigrants than you've got fukin population, so take your criticisms to your overtaxed micro-population country that doesnt mean jack shit on the world stage and shove em up your ass!

[Bo$$ Bet$]

When did this turn into a political forum?

[forsberg21]

What's Canada forsberg? Where is it on the map? Never heard of it.

Oh wait a minute are you talkin about the ppl that hump America's northern border since only about 100 miles of their country is inhabited and have exactly identical culture to the US but claim to be vastly different and post 10k jealousy filled threads about how bad America is.

We got more illegal immigrants than you've got fukin population, so take your criticisms to your overtaxed micro-population country that doesnt mean jack shit on the world stage and shove em up your ass!

LOL, you're so ignorant it's pathetic. You've never heard of Canada because your public education system is hopeless. Your entire knowledge base of the rest of the world is what you've seen in Hollywood movies. Chances are you'll never leave your country unless you go to Cancun to get drunk with a bunch of frat boys.

The reason why 90% of Canadians live within 200 km of the US border is due to historical reasons. When the two nations waged war in the 1800's, the wars typically took place along the border. That's why most major Canadian settlements were located so close to the border. If you honestly think that 90% of Canadians just got up and moved close to the US border because the US is so "cool", you have an IQ below 70.

If you think Canada is overtaxed, what about the multi-hundred billion dollar bailouts you, as a US taxpayer, handed over to the banks that raped you up the ass? Where do you think that money is going to come from. How else do you think the US is going to pay of its gargantuan debt? The answer is taxes sir, future taxes. You have no universal health care by the way, in case you didn't notice.

[yisman]

forsberg is unfamiliar with sarcasm, it seems.

[bettilimbroke999]

LOL, you're so ignorant it's pathetic. You've never heard of Canada because your public education system is hopeless. Your entire knowledge base of the rest of the world is what you've seen in Hollywood movies. Chances are you'll never leave your country unless you go to Cancun to get drunk with a bunch of frat boys.

The reason why 90% of Canadians live within 200 km of the US border is due to historical reasons. When the two nations waged war in the 1800's, the wars typically took place along the border. That's why most major Canadian settlements were located so close to the border. If you honestly think that 90% of Canadians just got up and moved close to the US border because the US is so "cool", you have an IQ below 70.

If you think Canada is overtaxed, what about the multi-hundred billion dollar bailouts you, as a US taxpayer, handed over to the banks that raped you up the ass? Where do you think that money is going to come from. How else do you think the US is going to pay of its gargantuan debt? The answer is taxes sir, future taxes. You have no universal health care by the way, in case you didn't notice.

Those wars were 200 years ago, man you guys really must like America to be dry humping our border for 200 years or is the rest of your country such uninhabitable Arctic wasteland nobody wants to settle there, mmmm jealous of the Uhmurkans much?

The WORLD is in a great recession right now if you didnt know it, so naturally welfare/unemployment are going to be at record levels in numeours countries. If you knocked off the 30 million non-English speaking illegals that hop the fence to have 10 kids on a McDs salary (which is 20x what they were getting paid in Mexico) and sent the blacks back to Africa where they belong we would have about 5% on welfare. Maybe we should deport em up to Canada since you snowbacks have all the answers, have fun having your population tripled and being a minority, u city burning over a hockey loss Canucks are so fukin brilliant Im sure youll work it out though.

Enjoy that "free" healthcare and 3 month waits to see a doctor whilst having half your paycheck withheld to pay for it

[bettilimbroke999]

Income taxes paid by household earning average wage with 2 children

US 11.9%

Canada 21.5%

I guess the solution is just to double taxes to enjoy "free" healthcare, I love free shit that only costs me an extra 10% of my paycheck

[neverstoppers23]

Has to be one of the dumbest Subject lines I have seen. People in America are no where near third world poor. It kind of even pisses me off anyone even will say that.

Hundreds of thousands of people are dying of stavation.

And that is just the most obvious, I could list a hundred million things of how lucky every American is that we live here and not a 'third world country' I know you are trying to make some political point with this thread, and probably don't actually believe it. but really IMO its not something I take lightly.

http://photos.oregonlive.com/photo-e...thousands.html

[forsberg21]

Income taxes paid by household earning average wage with 2 children

US 11.9%

Canada 21.5%

I guess the solution is just to double taxes to enjoy "free" healthcare, I love free shit that only costs me an extra 10% of my paycheck

LOL. It's obvious that you never attained any formal education. Is this your argument? Is this really the best you could come up with?

"Income taxes paid by household earning average wage with 2 children" - Do you even know how vague this statement is? Taxes vary greatly by provinces/states. What about households with 1 child? 3 children? Zero children? What about single people? Over what time period is this? What income levels are we taking into consideration? $50K? $100K? $150K+?

Do you see where I'm going here? You just throw out some random statement with no analysis whatsoever. On top of that, what's your source? Do you even have one?

[Full Time Hobo]

Dude you have got to secretly love America considering every chance you get to talk about it you do.

[forsberg21]

Those wars were 200 years ago, man you guys really must like America to be dry humping our border for 200 years or is the rest of your country such uninhabitable Arctic wasteland nobody wants to settle there, mmmm jealous of the Uhmurkans much?

The WORLD is in a great recession right now if you didnt know it, so naturally welfare/unemployment are going to be at record levels in numeours countries. If you knocked off the 30 million non-English speaking illegals that hop the fence to have 10 kids on a McDs salary (which is 20x what they were getting paid in Mexico) and sent the blacks back to Africa where they belong we would have about 5% on welfare. Maybe we should deport em up to Canada since you snowbacks have all the answers, have fun having your population tripled and being a minority, u city burning over a hockey loss Canucks are so fukin brilliant Im sure youll work it out though.

Enjoy that "free" healthcare and 3 month waits to see a doctor whilst having half your paycheck withheld to pay for it

After reading this piece of incoherent diarrhea, I'm now convinced that you were home schooled.

Yes, those wars were 200 years ago. That was where the original and largest settlements began, and that's why they flourished to the cities you see today. You must really be retarded if you think that 90% of Canadians decided to just get up all of a sudden and move to within 200km of the US border because the US is so "cool". You fail to grasp the basic concept of how nations evolve over long periods of time. Global cities like London, Rome, Moscow, Berlin have all occupied their territories since their first residents began colonization. You must lack some serious mental capacity if you think cities can just get up and relocated themselves. That idea is just beyond retarded - and guess what? You're the one who came up with it.

It's hilarious how the Uhmurkans blame the illegal immigrants for all the problems in their decaying nation. Since when did become the Uhmurkan way to blame somebody else when things start going wrong? Isn't a principle of your nation personal responsibility? You know, be all you can be? It's turning into more like - when shit hits the fan, blame the Mexicans, and then Obama.

About your comment about having to wait 3 months to see a doctor in Canada - you have way too much Fox News on the brain bro, don't believe everything they say. Oh and one last thing, Canadians don't graduate from university with $50,000+ debts like our inferior Uhmurkan counterparts! Suckers!

[FindTheLock]

Give me the serenity to accept the things I can not change; courage to change the things I can, and the wisdom to know the difference. Instead of telling people about how messed up the USA is. Why don't you take some action and try to fix it? Rhetorical question.