Exclusive: 4 in 5 in US face near-poverty, no work - Yahoo! Finance
WASHINGTON (AP) -- Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.
The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality...
And before anyone says this is all the fault of unions or liberalism, let's not forget that corporate profits are at an all-time high and the stock market is reaching for the stars.
And now all that talk about black people being poor and shiftless, is coming back to bite white people in the ass: the economic problems that white people were happy to let consume the black community, are now consuming the white community.
Globalization has again, from yet another angle, been proven to be more detrimental than beneficial to America's working class. It has driven everyone's incomes down, not up. And the cost of living hasn't gone down, as globalism promised it would. Whoops.
The evil socialists warned you that this was coming.
Enjoy your poverty, you asked for it!
As usual, conservative shortsightedness and self-interest ruins it for everyone.
As I noted in the other thread about this, Europe is worse and the rest of the world worse than that.
Giving people a check instead of a job is not the answer. Don't blame "conservative short-sightedness" for crippling the work ethic in this country and expect to be taken seriously.
Did you have some statistics to back that up in the other thread?
joblessness, near-poverty or reliance on welfare
Oh so now you want the government to create jobs, eh?
And before anyone says this is all the fault of unions or liberalism, let's not forget that corporate profits are at an all-time high and the stock market is reaching for the stars.
And now all that talk about black people being poor and shiftless, is coming back to bite white people in the ass: the economic problems that white people were happy to let consume the black community, are now consuming the white community.
Globalization has again, from yet another angle, been proven to be more detrimental than beneficial to America's working class. It has driven everyone's incomes down, not up. And the cost of living hasn't gone down, as globalism promised it would. Whoops.
The evil socialists warned you that this was coming.
Enjoy your poverty, you asked for it!
No I want the government to stop tinkering with markets. In case you have not noticed, this Pacific trade agreement Obama has been flirting with will cause even greater disruption in the jobs market, but hey, he has a D and is black so we have to support him.
And before anyone says this is all the fault of unions or liberalism, let's not forget that corporate profits are at an all-time high and the stock market is reaching for the stars.
And now all that talk about black people being poor and shiftless, is coming back to bite white people in the ass: the economic problems that white people were happy to let consume the black community, are now consuming the white community.
Globalization has again, from yet another angle, been proven to be more detrimental than beneficial to America's working class. It has driven everyone's incomes down, not up. And the cost of living hasn't gone down, as globalism promised it would. Whoops.
The evil socialists warned you that this was coming.
Enjoy your poverty, you asked for it!
And I would like it if the Republican Party stopped arbitrarily applying free trade principles, but we can't all get what we want.
So, since the US is such a hell millions of people are trying to emigrate fromthe US to other countries and nobody is trying to immigrate into the US, right?
As usual, conservative shortsightedness and self-interest ruins it for everyone.
Exclusive: 4 in 5 in US face near-poverty, no work - Yahoo! Finance
WASHINGTON (AP) -- Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.
The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality...
How do you figure ? The Conservatives are NOT the ones in power.
WE tried to warn the rest the leftist idiots and the low info voters in 2008 that this was on its way but NOOOOO..
Oh and corporate profits are up because they're doing more with less.
And before anyone says this is all the fault of unions or liberalism, let's not forget that corporate profits are at an all-time high and the stock market is reaching for the stars.
And now all that talk about black people being poor and shiftless, is coming back to bite white people in the ass: the economic problems that white people were happy to let consume the black community, are now consuming the white community.
Globalization has again, from yet another angle, been proven to be more detrimental than beneficial to America's working class. It has driven everyone's incomes down, not up. And the cost of living hasn't gone down, as globalism promised it would. Whoops.
The evil socialists warned you that this was coming.
Enjoy your poverty, you asked for it!
Industry and business are making record profits. With hatred like that, who needs love?Naw, the federal government - and other levels of government is too busy wanting money and power for themselves - and too determined to execute their hatred on industry and business - for this to change.
The title of the article linked by the OP is misleading almost to the point of being an out and out lie. The headline claims that 4 in 5 face (present tense) near poverty and no work when what the article is talking about is people who at some point in their lives faced these things, not what their current condition is.
As for their current condition, 50% of families have an income in excess of $50,000 in the US as of 2011. That's a family with an average of 2.75 members. Employment and personal income has improved since then. The percentage of people below the poverty line is quoted in the article as being 15%. That number has been above 11% since 1959 at least in boom times and recessions and has been higher than 15% for three periods of time since then depending on the economy.
If not for their lying liberals would have nothing to say. The article is nothing more than agitprop.
Conservatives are why people are getting neither a job, nor a check - and why corporate profits are skyrocketing off the charts, too.Giving people a check instead of a job is not the answer. Don't blame "conservative short-sightedness" for crippling the work ethic in this country and expect to be taken seriously.
Industry and business are making record profits. With hatred like that, who needs love?
News flash!!!So, since the US is such a hell millions of people are trying to emigrate fromthe US to other countries and nobody is trying to immigrate into the US, right?
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