More Great Economic News

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The Rich Are Getting Richer Faster, Much Faster:

The increase in incomes of the top 1% of Americans from 2003 to 2005 exceeded the total income of the poorest 20% of Americans.

The poorest fifth of households had total income of $383.4 billion in 2005, while just the increase in income for the top 1% came to $524.8 billion, a figure 37% higher....

http://www.nytimes.com/2007/12/15/b...s6PT1FH6bNDNmF9mThcWg&oref=slogin&oref=slogin

Wouldn't it just be better if every single person in this world was rich?:rolleyes: There would be absolutly no progression, or anything if ignorant rich fucks just sit there and tear the economy apart. Listen to the song "Working Class Hero" and you will understand what I am talking about.
 
There is something strange in Sandy's logic (not the first time) about "W" preventing 9/11s. Why not give credit to Clinton? During Clinton's administration there were no 9/11s. In fact, it is only during W's administration that the US has suffered a 9/11.
 
15Dec07: "... U.S. stocks had the biggest weekly decline in a month after a Federal Reserve interest-rate cut and the biggest coordinated effort since 2001 to provide banks with cash failed to assuage concern ...
Shares declined even after central bankers in North America joined those in Europe to inject money into the financial system and alleviate gridlock in credit markets. Reports that showed accelerating inflation caused concern that the Fed will be unable to cut interest rates more to prop up growth.

``A recession is in the works,'' Andy Engel, who helps run the $1.81 billion Leuthold Core Investment Fund that has outperformed 97 percent of its peers this year, said from Minneapolis. ``You're seeing definitely the impact from the crisis in the credit industry. But we're also seeing that spread into other areas.'' ..."

part FROM:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNVeyi2xynL0&refer=home

Nothing in the "news" now days that I did not predict some years ago. Perhaps more should believe me that there is now no way to avoid dollar collapse, probably in the 6 year time frame window I set long ago: Oct2008 to October 2014. As it is inevitable now, I wish it could come while GWB is still president as he is its cause (doubling the national debt, starting war on Iraq, which had nothing to do with 9/11 but is now a "live fire" training ground for terrorists and great aid to their recruitment efforts, etc.). GWB should get full "credit" for what he has done (destroyed the dollar and the USA).
 
The Rich Are Getting Richer Faster, Much Faster:

The increase in incomes of the top 1% of Americans from 2003 to 2005 exceeded the total income of the poorest 20% of Americans. ...
You are correct, but in the long run, it is cause for crying, (by all) not rejoycing (even by the already rich).

"...The potential of our economy to underwrite a society of broad prosperity is being sacrificed to financial speculation,” Mr. Kuttner declares in his new book’s opening chapter. “The winnings are going to a narrow elite, jeopardizing not only our broad prosperity but our solvency. In less than a decade, our government budget, gutted by {GWB's} tax cuts, has shifted from endless projected federal surpluses to infinite deficits. Our trade imbalances and financial debt to the rest of the world have grown from a modest concern to levels that could produce a crash.”
...
the median income of working-age families has actually fallen by 5.4 percent over the last seven years, adjusted for inflation, even as the gross domestic product has grown by 18 percent.*
...
For the richest one-tenth of 1 percent, inflation-adjusted income soared by 550 percent from about $3.6 million in 1970 to $24 million in 2000,
...
And at the very top, the richest 400 people had 1.1 percent of all the income in America, more than double their 1992 share.” ..."

Billy T comment: GWB has done well for his supporting rich people, IN THE SHORT TERM.

FROM:
http://www.nytimes.com/2007/12/16/business/16shelf.html?_r=1&ref=business&oref=slogin
A NYT book review of The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity
---------------------
*An important fact, not widely recognized, helps explain how GNP can grow by 18% while factories in US are closing, real wages are dropping, debt both public and private is increasing, etc. I.e. much of what the US now "produces" has increasing higher content of components made in Asia at much lower cost than if made in the US. This helps boost the profits of the selling firms, and greatly aids the reported GDP when these items are sold.

GDP is the total of "value added" by commercial transaction in the US market and US exports, not necessarily does GDP have anything to do with production in the USA. Thus, GDP can incease while US production declines, jobs move over seas ("out sourcing") AND FACTORIES CLOSE or are sold to foreigners, who then get the benefits (profits) from them, instead of Americans. The export of these profits (to froeigners) of course adds to the current account imbalance, just as if the money had gone to France to buy French wine. I.e. selling pieces of American, as is now occuring, only adds to the US problems and certainity of the coming collapse.
 
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thats not good news

You're right. It's GREAT news! :)

If someday sandy disappears forever, we know what happened........

Yes. It will mean I've been raptured. :worship:

um the lower and middle classes pay a higher percentage of the total income tax revenue than the wealthy

Wrong. Buffalo's quote is correct.


You're still alive.

There is something strange in Sandy's logic (not the first time) about "W" preventing 9/11s. Why not give credit to Clinton? During Clinton's administration there were no 9/11s. In fact, it is only during W's administration that the US has suffered a 9/11.

The attacks take years to prepare. 911 was almost ready to happen when W took office. binLaden had it made under Clinton who didn't care about anything except his d!ck. :mad:
 
...The attacks take years to prepare. 911 was almost ready to happen when W took office. ...
No, the attackers were not even chosen when Clinton was in office. They got all their flight training in the US while GWB's was in office and cutting taxes for the rich, not taking care of US security. Give GWB the credit he is do - I do that. :D
 
No, the attackers were not even chosen when Clinton was in office. They got all their flight training in the US while GWB's was in office and cutting taxes for the rich, not taking care of US security. Give GWB the credit he is do - I do that. :D

Now why does the 9/11 commision report not agree with you,


November 2, 1997-June 20, 2001: Hijackers Obtain US Visas The 19 hijackers apply and receive a total of 23 visas at five different posts from November 1997 through June 2001. Hani Hanjour, Khalid Almidhar, Saeed Alghamdi and Ahmed Alnami, Saudi citizens, apply twice at Jeddah. Only Hanjour applies for a student visa, others for tourist/business visa. [United States General Accounting Office, 10/21/2002 ; 9/11 Commission, 8/21/2004, pp. 7-45 ]

The operation for 9/11 were in set motion on the 2nd of November, 1997, which means that the planning was going on even before that.
 
The Clinton admin could have prevented 911 but they didn't want to hurt anyone. Not even the terrorists. They are/were a bunch of p*ssies. Much of the proof went down Sandy Burglar's pants. What a corrupt, vile, treasonist, impotent admin that was. :(
 
You're right. It's GREAT news! :)



Yes. It will mean I've been raptured. :worship:



Wrong. Buffalo's quote is correct.



You're still alive.



The attacks take years to prepare. 911 was almost ready to happen when W took office. binLaden had it made under Clinton who didn't care about anything except his d!ck. :mad:

how is a greater income disparity good news. the rapture is a heretical belief not mentioned in the bible. no he didn't because it wasn't based of of classes but income percentile. and that is a bullshit arguement. it a fallacy and its stupid.
 
...The operation for 9/11 were in set motion on the 2nd of November, 1997, which means that the planning was going on even before that.
They were talked about even earlier; but until their plans were more definite there was no "actionable information."

Once significant financing for flight school training, living expenses, car and apartment rentals began in the first months of GWB's first term, then careful putting together of the pices might have been possible, but it was specifically prohibited by GWB's administration as some Saudi business men were part of the money-flow channel. That is why GWB, not Clinton, deserves the blame. For example:

"...In June 2001, a "high-placed member of a US intelligence agency" told BBC reporter Greg Palast that "after the [2000] elections, the agencies were told to "back off" investigating the Bin Ladens and Saudi royals".[41]

In May 2002, former FBI Agent Robert Wright delivered a tearful press conference apologizing to the families who lost loved ones on 9/11. He described how his superiors intentionally obstructed his investigation into Al-Qaeda financing.[42]

Agent Wright would later tell ABC's Brian Ross: "September 11th is a direct result of the incompetence of the FBI's International Terrorism Unit," specifically referring to the Bureau's hindering of his investigation into Yassin al-Qadi, whom Ross described as a powerful Saudi Arabian businessman with extensive financial ties in Chicago.[43] One month after September 11, the US government officially identified Yassin al-Qadi as one of Osama bin Laden's primary financiers and a specially designated global terrorist.[44] ..."

FROM:
http://en.wikipedia.org/wiki/Planni...Were_plotters_already_in_the_United_States.3F

The numbers in square brackets {[41] thru [44]} are references given in wiki to the supporting documentation.

Only GWB had a realistic chance to stop 9/11 and he not only did not take it but because of his friendship with the Saudi financing the operation, told others not to investigaste. !!! Just one more reason why he is the worst US president ever.

Buffalo, you are realistic enough to know that History written by the victors is not necessarily the way it was. Likewise commission reports are very rarely signifiicantly critical of the government that selected and appointed them. Thus, I put more faith in the emotional first person statements of people like FBI Agent Robert Wright and others than in the "negociated text" of ANY commision's final report.
A good recent example of this is the Summary report just released by the group of OPEC meetings. - People there say it does not reflect the divisions etc that we actually expressed strongly by the participants, but is a "white wash" trying to show unity and offend none.
 
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Agent Wright would later tell ABC's Brian Ross: "September 11th is a direct result of the incompetence of the FBI's International Terrorism Unit,"

The agent is wrong. FBI is designed to investigate a criminal case where an event has already occured including Terrorism. FBI is not designed or was ever designed to prevent such activities. For that one needs to go to Defense intelligence who do covert opearations including the CIA.

FBIs entire process depends on case management. If there is no case (no one has broken any laws or rules) there is no investigation. They do watch people until they break any laws...but it may be too late when the deed is done.
 
The agent is wrong. FBI is designed to investigate a criminal case where an event has already occured including Terrorism. FBI is not designed or was ever designed to prevent such activities. ...
I an not a lawyer, but I would assume that bring money into the US to finace some thing like 9/11 is a crime, even before 9/11 occurs or at least "grounds for investigation" as some FBI agents, including Robert Wright, wanted to do but were prevented from doing because of orders from higher up during early days of GWB's administration.
 
I an not a lawyer, but I would assume that bring money into the US to finace some thing like 9/11 is a crime, even before 9/11 occurs or at least "grounds for investigation" as some FBI agents, including Robert Wright, wanted to do but were prevented from doing because of orders from higher up during early days of GWB's administration.

As per domestic laws, it is not 9/11 until it happens, otherwise we would be a communist country. The money came here to preach Islam same way we send money to China and India to preach Christianity. A lot of money came from Saudi funds who try to appease the restless groups. Even the Saudis did not know how the money was used. Obviously, Bush administration was uncomfortable digging in to Saudi affiars for good reason. Even though there was a lot of threats from a lot of groups because of our relations with Israel, no one , including the Israelis thought the 9/11 was a real thing. Possibility, yes - reality...there was questions. This is no more different than someone getting an A-Bomb from Pakistan and bringing it to New York - possiblity - yes, probability, may be not for the time being.

and hence people did what they did with the information they had.
 
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