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Middle Class Says: WHAT RECOVERY?

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K8-EEE Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-04 05:19 PM
Original message
Middle Class Says: WHAT RECOVERY?
Prices going up, wages going down, schools getting worse and college tuition going OUT OF SIGHT has most of us saying, WHAT recovery?

Bankruptcy & foreclosures among the middle class through the roof.

Does anybody know anybody (other than the filthy rich) who are "taking advantage" of this "soaring recovery?"

Everybody I know is feeling the pinch, BIGTIME!
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calimary Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-04 05:24 PM
Response to Original message
1. That's what David Broder was saying Sunday morning on
"Meet the Press." Gushing all around the table about the economy, and Broder pipes up and says - well, there are the headlines and the figures and all, but I'm out there talking to people, and they DO NOT see any of it (emphasis - his). He went on to say that everyone he talked to among the regular folks was either unemployed or worried about losing their jobs or struggling to make ends meet. They were not seeing or living the lies that the headlines are trumpeting. He looked a little incredulous as he spoke. It was refreshing to see.
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Cronus Protagonist Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-04 05:28 PM
Response to Reply #1
4. Bush * has the perfect solution for that
Edited on Tue Jan-27-04 05:30 PM by Cronus
More tax breaks for the rich.

"FUCK Bush" Buttons, Stickers & Magnets
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-04 05:25 PM
Response to Original message
2. yes, but, but, but...
just wait till the "Bush Economic Recovery Plan' kicks in. Happy Days are just around the corner.

And remember the Republican motto:
"A rising tide lifts all yachts."
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Frank Rose Donating Member (108 posts) Send PM | Profile | Ignore Tue Jan-27-04 05:25 PM
Response to Original message
3. Same here in the mid west.....
some r-wingers swear things are better, but they can't name anything but government numbers to support this 'recovery'.
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-04 05:28 PM
Response to Original message
5. My son and his wife are doing great.. but they make a lot of money
We are sinking fast.. :(.. We are within 6 yrs of paying off our house, and if we can hang on til then, we might be ok.. I had actually thought about going back to work to pay it off faster, when this damned "eye thing" happened, so that's out now.:(..

My son and his wife make between 350,000 and 400,000 a year, so they are "insulated" so far..but heaven help them if either one is downsized ...

Average people are hurting.. It's depressing to know that the actual "spending power" is less than it was 30 years ago.. We have been treading water all these years, and now someone's got their boot on oour heads, and they are trying to sink us :(
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MissMarple Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-04 05:38 PM
Response to Reply #5
7. Sounds like your son may want to pay down his mortgage.
We are fairly well insulated, but we can also reduce expenditures pretty drastically if we need to. But we do have one more to put through college. If you don't have a cushion, have credit card debt, health problems or are involved in an accident and then you loose your job.... that will be rough. We pay our credit card bill off every month, but a lot of folks can't do that.

If things keep going like they are, we may end up with an underclass absorbing the middle, and an overclass pushing it down. Stability as we know it will be gone.
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OneTwentyoNine Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-04 05:29 PM
Response to Original message
6. Only based on one thing--Wall Street and thats it
There's no GD recovery and they know it but that didn't stop Rove from putting out the marching orders to Whore TV to keep beating the "recovery" talking point into the sheeps heads.

Problem is if you lost your job and you still haven't found one--or one that pays half what you used to make its a weee bit hard to convice someone their better off.

Tune in to any of the Whores tonight,you'll hear that recovery BS over and over.


David
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ComerPerro Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-04 05:51 PM
Response to Original message
8. This is exactly why the market doesn't mean a damn thing
I mean, really, examine what has happened. The Bushies tank the economy and completely wreck the stock market. Add in a corporate scandal or two, stories of people being robbed blind by robber barons like Ken Lay (LOL, I'm 22 and I just said "robber barons", I never thought that would happen).
Anyway, naturally the market sinks. Now anyone with free money to throw around (that is, someone not bogged down in mortgage payments and debt) can buy up the market at literally pennies on the dollar and will essentially garuntee themselves a great return. So what does Bush do? He gives those who already had tons of disposable income even more money that they can play around with. Plus he starts talking about ending taxation on dividends.

Now, considering all of this, why should we be suprised that the market is recovering and those who took their massive tax cuts and invested will soon start getting even richer than they were in the first place?

But the market doesn't mean a God damned thing. The dollar is still very weak, there are still many jobless Americans, people have had to accept a new job with less pay and more hours just to make ends meet, and the rich are getting richer.

The rich can get as wealthy as they want and it won't help the remaining 98% of the population. Hell, it should be more than evident from the recent scandals that CEOs are not generous people, and when given money they will not hire new people or pay better wages. They will spend it on themselves or invest it.

I frankly don't know why average Americans don't throw a brick at the Television every time some smirking, condescending asshole raves about the economy in one of their disgusting, sycophantic rants on Bush and Republicans.
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-04 05:55 PM
Response to Reply #8
9. Exactly right
If I am unemployed and my neighbor makes a million a year.. Bush-ites would say that we average a half a mil a year...

The rich are buying up stuff that the "average" people have HAD to sell , so they can feed their families... Just peachy :(
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