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America's 'Invisible' Poor - An Infographic

Tyler Durden's picture




 

Are more and more people in the western world dropping off the radar and becoming the invisible poor or is the opposite happening?  We are always interested in looking at the financial health of real people. We noted earlier that an astounding 46 million Americans are officially below the poverty line (That's $23,050/year for a family of four according to the official sources). That number really caught PaydayLoan.co.uk's eye and as such they decided to do a little more digging to help put some more facts and figures around it. The below is an excellent visualization of the results they came up with. Conservative MP Norman Tebbit when responding to a question on unemployment noted "I grew up in the 30's with an unemployed father. He didn't riot. He got on his bike and looked for work, and he kept looking 'til he found it." Are the American (and possibly other western populations) poor really in this mess because they are lazy (27% of Americans think so) or is it because they don't have the right work ethic (49% of Americans think this is all it would take!)?

 

Infographic: The Invisible Poor

The Invisible Poor by Payday Loan.co.uk

 

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Tue, 01/15/2013 - 22:44 | 3156391 greased up deaf guy
greased up deaf guy's picture

move along... nothing to see here... (no bread lines necessary with ebt)

Tue, 01/15/2013 - 22:51 | 3156420 idea_hamster
idea_hamster's picture

So they have a section on "why people are poor," and it doesn't include anything about medical bill bankruptcies?  Fail.

Tue, 01/15/2013 - 22:57 | 3156440 economics9698
economics9698's picture

Fuck everything is bankrupt.

Tue, 01/15/2013 - 23:24 | 3156518 Beam Me Up Scotty
Beam Me Up Scotty's picture

"We noted earlier that an astounding 46 million Americans are officially below the poverty line (That's $23,050/year for a family of four according to the official sources). "

Why on earth would you have 2 kids if you are only making $23k/year?  Are you fucking retarded?  Maybe thats why you are only making $23k/year.  You ARE retarded!!

First mistake people make is they have kids when they can't afford them.  Thats a one way ticket to debt serfdom if ever there was one.  You can't afford a decent car, which you need to get to work.  You can't afford day care, which you need to get to work.  You can't afford to take a day off to take your kid to a doctors appointment, but you do it anyway and backwards you go.  The list goes on and on. 

Tue, 01/15/2013 - 23:32 | 3156537 ACP
ACP's picture

I think it may be time for a fat poor index. How is it that people with lower incomes are, on average, fatter than people with higher incomes? Add this into the Doomsday group of indices, along with "Things that make you go...WTF???"

Wed, 01/16/2013 - 00:16 | 3156645 lincolnsteffens
lincolnsteffens's picture

I'll tell you why they are fatter. They eat cheaper food which is often loaded with corn syrup, artificial flavor, chemical

stabilizers, texturizers and processed carbohydrates. I belong to a service organization that does a few major food drives a year for food pantries. We are told not to encourage basic ingredients be collected as most of the people that rely on food donations do not know how to prepare wholesome foods. Canned beans are fine but not dried beans which are cheaper but require more time to use. Instant rice is fine but not bulk dry brown rice that has  more fiber and nutritional value. Canned soups, canned vegetables, canned fruit but no raw vegetables or fruit. Boxed puffed cereal products and no basic bulk cereal like rolled oats, flax seeds, etc. 

One would think that knowing something about basic wholesome food preparation should be part of school education,   how to responsibly manage personal finances and other preparation for health and well being throughout life.

Wed, 01/16/2013 - 01:06 | 3156761 Terminus C
Terminus C's picture

That would assume the government would want people to know how to prepare food and keep themselves healthy...

Wed, 01/16/2013 - 11:21 | 3157561 trav777
trav777's picture

and, of course, the ANSWER to the poor is to throw money at them, taken from someone else.

Because in marxist doctrine, the poor are only poor because of oppression by the rich, and all humans are interchangeable.  The only difference between poor and rich is bank account balance.  There are NO behaviors that lead to poverty or wealth.

Fri, 01/18/2013 - 10:40 | 3165977 TruthDetector
Wed, 01/16/2013 - 01:07 | 3156762 ACP
ACP's picture

It's genius isn't it?

Get people hooked on the gubmint, steer them in one direction, and - VIOLA! - people hang themselves in the noose of total control. Get 'em while they're young, spend a minimal amount of money brainwashing them and all you have to do after that is print money. Their own vices pull them back on the bus.

Like the old saying goes, "Give them enough rope..."

Wed, 01/16/2013 - 01:08 | 3156765 High_Pockets
High_Pockets's picture

I eat like crap also and I only weigh 170 lbs. Then again i have a job and do not sit on my porch doing nothing all day.

Wed, 01/16/2013 - 21:15 | 3160578 Lord Koos
Lord Koos's picture

A lot of poor people have jobs too, just shitty ones, because there are not enough good ones to go around.

http://www.classwarfareexists.com/study-more-than-7-in-10-low-income-fam...

Fri, 01/18/2013 - 10:40 | 3165983 TruthDetector
Wed, 01/16/2013 - 12:29 | 3157772 zuuma
zuuma's picture

"One would think that knowing something about basic wholesome food preparation should be part of school education,   how to responsibly manage personal finances and other preparation for health and well being throughout life."

Cooking a prepared meal of Navy beans, onions, lil' molassas & some tabasco would be a cheap, delicious, nutricious meal.A big skillet of that would feed 4 or 5 people for under 2 bucks.

Alas.. whatever info is transmitted to these peeps in their breif attendance in public schools is barely enough to read, much less think critically.

The only skills they have after finishing around 9th grade are; pipelighting, 40oz opening, EBT-swiping, phukkin, & fighting.

I wonder how things will be when the feeding tubes are withdrawn from the cities?

 

Wed, 01/16/2013 - 15:00 | 3158818 gcjblack
gcjblack's picture

Excellent points Lincolnsteffens, with which I agree.  Unfortunately, food banks choose to cater to these food biases, which in turn perpetuate the continuing need for food banks.  As an alternative, I think food banks need to educate their clients, encourage them to make better food choices, and have those better choices available for their clients to receive.

Second point, Dr. Lustig from USC Medical Centre in San Francisco (see http://uctv.tv/search-details.aspx?showID=16717 ) has found that high carbohydrate diets, especially ones loaded with fructose cause or contribute to people`s brains and endocrine systems being tricked into thinking and acting as if they are starving, even after finishing a 2,000 kcalorie meal (or more).  The brain therefore says `conserve energy, we`re starving`,so the couch and TV or video games become the answer.  They don`t have the energy to get off the couch, let alone the gumption to find or keep a job.

Change their diet, and in 3 days, they have the energy to get off the couch and get busy with the rest of their lives, including finding or keeping their job.

Alzheimer`s Disease, diabetes, obesity, cardovascular disease, arthritis, liver disease, etc. are caused or contributed to by poor diets, high in carbohydrates.  Big food has spent billions of resaerch $ and advertising to make their factory food, high carbohydrate concoctions addictive so as to maximize their profits, and they have succeeded completely.

Can we realistically expect someone to simultaneously fight a war on 2 fronts (ie. fight their own endocrine system, as well as fight the billion dollar research & marketing capabilities of Big Food), and have a reasonable chance of success?

Wed, 01/16/2013 - 14:51 | 3158819 gcjblack
gcjblack's picture

Excellent points Lincolnsteffens, with which I agree.  Unfortunately, food backs choose to cater to these food biases that perpetuate the continuing need for food banks.  As an alternative, I think food banks need to educate their clients, encourage them to make better food choices, and have those better choices available for their clients to receive.

Second point, Dr. Lustig from USC Medical Centre in San Francisco (see http://uctv.tv/search-details.aspx?showID=16717 ) has found that high carbohydrate diets, especially ones loaded with fructose cause or contribute to people`s brains and endocrine systems being tricked into thinking and acting as if they are starving, even after finishing a 2,000 kcalorie meal (or more).  The brain therefore says `conserve energy, we`re starving`,so the couch and TV or video games become the answer.  They don`t have the energy to get off the couch, let alone the gumption to find or keep a job.

Change their diet, and in 3 days, they have the energy to get off the couch and get busy with the rest of their lives, including finding or keeping their job.

Alzheimer`s Disease, diabetes, obesity, cardovascular disease, arthritis, liver disease, etc. are caused or contributed to by poor diets, high in carbohydrates.  Big food has spent billions of resaerch $ and advertising to make their factory concoctions addictive so as to maximize their profits, and they have succeeded completely.

Can we realistically expect someone to simultaneously fight a war on 2 fronts (ie. their own endocrine system and the billion dollar research & marketing capabilities of Big Food), and have a reasonable chance of success?

Wed, 01/16/2013 - 10:50 | 3157447 Iriestx
Iriestx's picture

Maybe it's because they have all day to sit on ass, watch daytime TV and do nothing but eat, breed and do drugs.

Wed, 01/16/2013 - 11:24 | 3157568 trav777
trav777's picture

because they EAT TOO MUCH.

the poor suffer from REASONS they're poor, and ONE of those is low impulse control and an inability to deny immediate gratification!

I find it amazing that this site is populated with so many people who cling tightly to fundamental marxist precepts.

Wed, 01/16/2013 - 20:01 | 3160321 Lord Koos
Lord Koos's picture

Yeah you're right, the fucking poor they are the root of all our problems, and they should just stop eating so much. But hey, you can't blame poor kids, they are trying their best, millions go to bed hungry every night:

http://abcnews.go.com/US/hunger_at_home/hunger-home-american-children-ma...

And it's pretty difficult to have a high IQ after a childhood of malnutrition.

In short, FOAD trav.

Fri, 01/18/2013 - 10:42 | 3165985 TruthDetector
Tue, 01/15/2013 - 23:33 | 3156545 secret_sam
secret_sam's picture

      Why on earth would you have 2 kids if you are only making $23k/year?

Probably because you find abortion abhorrent, since ya ask.

Tue, 01/15/2013 - 23:44 | 3156575 NuckingFuts
NuckingFuts's picture

And/or you find any form of birth control offensive. Usually it is just folks are too fucking stupid to slap on a condom. I know for a fact that a vasectomy from a well respected urologist costs about $300.00 cash (no insurance coverage).... Perhaps the best investment I ever made after I had my ONE child. I would gladly give to a charity that offer them at a discount.

Tue, 01/15/2013 - 23:59 | 3156608 secret_sam
secret_sam's picture

Without some fertility amongst the young of the species, who's gonna pay for Medicare?

Talk about a fuckin' fly with a sledgehammer.

Wed, 01/16/2013 - 00:17 | 3156648 AssFire
AssFire's picture

Here's the deal about welfare:

Those working for the Federal Gov don't realize they are on welfare and those on welfare think it's their job.

Wed, 01/16/2013 - 01:36 | 3156810 Edelweiss
Edelweiss's picture

 Accurate, and succinctly stated.  I encounter many of both.  It still amazes me that those on some form of aid act as if they somehow "earned" the money they receive.  Truly nauseating. 

Wed, 01/16/2013 - 07:08 | 3157006 Bendromeda Strain
Bendromeda Strain's picture

A "progressive" lawmaker in NY said as much, when confronted with the data on EBT withdrawals in strip clubs. "We don't tell the police or teachers what to do with their paychecks..."

Wed, 01/16/2013 - 19:56 | 3160301 Lord Koos
Lord Koos's picture

I'm sure they spend much less at the strip clubs than the Wall St. crowd.

Wed, 01/16/2013 - 05:13 | 3156945 Tegrat
Tegrat's picture

Awesome comment. I left the fed many years ago. To make my mark in the private sector. Now that I have, I'm trying to get back in for a semi-retirment. Compared to the banking sector it's a dreamy way to spend your latter years. 37-47ish

 

.

Wed, 01/16/2013 - 05:34 | 3156957 zhandax
zhandax's picture

I have thought of the ultimate debauchery myself.  As you noted, it is cushy, lucrative, and brainless with unimaginable (for the private sector) bennes.  Just can't repress my self-respect that much, though.

Wed, 01/16/2013 - 06:47 | 3156999 Tegrat
Tegrat's picture

Almost like going back into the womb. Had I not expressed myself so clearly to my previous coworkers, I think I could have already been back. They take their "job" seriously. I had forgotten.

 

Wed, 01/16/2013 - 00:54 | 3156732 Marco
Marco's picture

Productivity gains (ie. robots).

Wed, 01/16/2013 - 00:17 | 3156653 EINSILVERGUY
EINSILVERGUY's picture

I have often wondered why some people are succesful and others are not. Why there is rich and why there is poor.  I have often heard that if you took all of the money in the world and spread it evenly within 2 generations it would be back in the hands of a few.  I think this is true from what I have seen.

As a product of working class parents and walking on this earth for 50 years, I have come to the following conclusion about society.

My reality is that the single biggest determinant of success (as defined by upward mobility in the US) is IQ. I think if you overlayed IQ with economic position you would see a direct correlation. Obviously there are personal circumstances that can change this (i.e. drug addiction for the down side, and a strong work ethic for the up side) but I bet you would find that society's ills will never be resolved by government managed social policy.  As much as the liberals might wish it, you cannot alter the natural order forever by legislating a trophy for everyone.   Its why some people will stand in line every week for a lottery ticket, spend most of their money on the latest crapple fad or that special set of sneakers that they can't live without .   Its not really that hard to understand why some are rich and some are poor. Just sayin

Wed, 01/16/2013 - 04:12 | 3156930 steve from virginia
steve from virginia's picture

 

Why are the rich rich?

 

The poor are honest, the rich are thieves.

 

The rich spend some of their money on PR convincing the rest of us that the poor are lazy, stupid and criminal when it is the rich who are lazy, stupid and criminal.

 

It's that simple.

Wed, 01/16/2013 - 11:28 | 3157580 trav777
trav777's picture

you are stark raving out of your mfing mind

go walk through Detroit at night and tell me about how nice the poor are.  You can't leave something outside in these neighborhoods; it will get STOLEN in about 20 seconds and their justification will be that you shouldn't have left it there if you didn't want it stolen.  Car theft is an EPIDEMIC in poor neighborhoods.  When the police do stings, the beloved noble poor respond that it isn't FAIR, how could you leave a car with the keys in it/a truck with electronics boxes in it/a trailer with merchandise in it/anything of value without protection and actually expect them NOT to steal it?

You effing marxists make me want to puke

Wed, 01/16/2013 - 19:54 | 3160295 Lord Koos
Lord Koos's picture

It is a fact that the people of Detroit, as percentage of income, are some of the most generous contributors to charity in the USA.  

 

Total contributions $1.8-billion Median contribution $2,329 Median discretionary income $53,508 Percent of income given 4.4%

http://philanthropy.com/section/How-America-Gives/621/    

Wed, 01/16/2013 - 05:35 | 3156958 John_Coltrane
John_Coltrane's picture

This is certainly the dominant factor and why socialist redistribution schemes always fails as do welfare programs.  The IQ distribution is a Gaussian centered on 100.  This means 50% of the population has a IQ less than mean of  100.  In a modern technical society one cannot function effectively with an IQ of only 100 or less. To be a useful scientist or engineer requires an IQ of at least 120.  In previous, highly labor intenstive agrian socieities this issue was not as important.  One could still contribute as a field hand, lumberjack, fisherman etc.   Supply and demand governs salary.  So those rare individuals one or two standard deviations above the mean IQ of 100 are in very short supply.  I re-discover this immutable fact everytime I post for postdoctoral positions in my research group.

It is worth noting that the IQ distributions for ethnic groups do not overlap.  IQ tests place a premium  on abstract reasoning.  Those groups lacking this attribute due to evolutionary differences (e.g. African, pacific islanders, native americans) have mean IQs left shifted relative to caucasians and asians.  Since technical knowledge and ability are so valued in modern societies such ethnic groups will be underreprented in highly paid professions and overrepresented in the low income groups.  Nothing .gov can do about it.

 

 

 

Wed, 01/16/2013 - 05:50 | 3156969 hooligan2009
hooligan2009's picture

is a sigma 33% each side (67-133)? is it a fat tail..do they normalize the distribtion using log scales?

smart = street smart or able to read, write, do sums, spot patterns?

or is it drive and determinations

old saying....behind success lies ambition, behind ambition lies effort, behind effort lies someone willing to try

Wed, 01/16/2013 - 10:38 | 3157391 Hayabusa
Hayabusa's picture

Chances are I've given more IQ tests than the rest of you combined over the last 15 years and John Coltrane's comments are accurate - of course he's trained in research methodology, understands demographics, a normal distribution curve, what a standard deviation is, etc.  One would think that those here would recognize and separate opinion from empirical information and appreciate it.

Wed, 01/16/2013 - 08:57 | 3157093 DFCtomm
DFCtomm's picture

I have to disagree. The most wasted commodity in the world is talent. Work ethic is the secret ingredient. Hell, you can even get by with no talent if you work hard enough, but it doesn't work the other way around.

Wed, 01/16/2013 - 09:38 | 3157161 Acet
Acet's picture

Having studied in a environment populated by genious (University-level Physics) and worked in an industry filled with people with above average IQs, many of which are at the genious level IQ-wise (Software Development), I can positivelly say that IQ has very little relation to success in today's society. I know several people with above average IQs (some of them at the genious level) who are in practice natural born loosers.

Roughly my impression is that, the very intelligent and yet looser people differ from others mostly through their lacking the ability to take risks.

Of course, this is all about being somewhat successful but not millionaire-level successfull.

For having true wealth, I would say that what counts the most in today's society is having connections - being the scion of well connected, wealthy parents is the single best predictor of success. What we have is a society of old-boys networks, cronyism, dynastic lines and corruption, which is why social mobilty is at record lows (statistically, the American Dream is now a huge lie), wealth inequality is at record highs and the whole thing is going down the shitter: a society that doesn't use its best people in the best way is condemned to collapse under the weight of all the errors made by the sub-par human resources in positions of responsibility.

 

Wed, 01/16/2013 - 09:58 | 3157252 Sparkey
Sparkey's picture

Acet's analysis cuts close to the bone, he is a smart feller, yet, not a smart speller! so go figure!!

Wed, 01/16/2013 - 11:34 | 3157603 trav777
trav777's picture

frankly, all this means is that you are a dumb@ss.

IQ is analyzed by a lot of people, crunching tons of data and actually what you say is totally false.  IQ is one of the BEST PREDICTORS in existence for socioeconomic success.

That you don't understand that what I just said IS NOT equivalent to "higher iq = higher success" only means that YOU don't have a high IQ.

Wealthy parents tend to be smarter than average.  They are evidence in FAVOR of the trend WRT IQ, not opposition of it.  Smarter guys tend to make more money and get hotter chicks to bear their offspring.

What this ends up meaning is that the upper class gets taller, prettier, smarter, and wealthier as a matter of basic biological breeding.  The under class goes the opposite direction.

You see this if you are willing to look.  It's not a comfortable realization for marxists, which is why most of ZH struggles to accept human biodiversity.

Wed, 01/16/2013 - 19:43 | 3160248 Lord Koos
Lord Koos's picture

Human biodiversity is one thing, not-so-closet racist theory is another.

Thu, 01/17/2013 - 09:23 | 3161731 Acet
Acet's picture

LOL!

The last IQ test I had gave:

Einstein --- Me ----------------------- Genious-level ------- Average ---------------------------------------------------- Doorknob

I'll save you the number, it's my experience that people get huge, wild expectations when I tell them The Number.

 

And yeah, I've crossed paths with people whose daddies were rich so they had lots of money or who had high-level management positions and yet those same people couldn't follow me (even wheb I was trying to slow it down) as I tore down a problem into its components and connections. And these were just the average intellingence ones, some of them were outright stupid.

But hey, just ignore me - who have probably met more geniouses in a year than you will meet in your whole life and who do have an IQ above most of them - when I talk about what I know first hand on IQ from the inside and from social contacts and keep believing your theories: I can understand the comfort that can come from irrationally believing oneself inherently better than other people.

 

Wed, 01/16/2013 - 09:54 | 3157234 Sparkey
Sparkey's picture

You just said it Silver Guy, still, if you are willing, yet your education and social skills, things you learn from the enviornment in which you were raised, are not in demand,,, no job for you!

I believe it is a component of leadership to find useful employment for the people, the fact that so many are non contributators is a failure of leadership, "as the twig is bent, so grows the tree", in America we like to blame the victims for not doing what they are incapable of doing. This nation needs a true Leader to put people to work and restore pride and dignity to the home.

Wed, 01/16/2013 - 09:56 | 3157246 ExpendableOne
ExpendableOne's picture

Half a brain and a bit of work will take you far in this world.  Of course, half a brain and a few bribes and contacts will take you even farther.

Wed, 01/16/2013 - 11:30 | 3157593 trav777
trav777's picture

you feel you have to apologize for pointing out the truth?

Go down this rabbit hole further; most behaviors are genetic.  There is a mountain of evidence which proves the hereditability of traits and tendencies, from math prowess to criminality.

You are going to be all over the mental third rails of the closet marxists on this site and everywhere else.

No matter HOW MUCH you ZH cretins protest, deep down, you are ALL MARXISTS and you don't even know it.  You've been fed conditioning by a bunch of marxists to think in a marxist way and believe marxist precepts.  Salivate when you hear the ding.

Wed, 01/16/2013 - 19:46 | 3160264 Lord Koos
Lord Koos's picture

Do you really think that congress is full of really smart people?  Yet they are successful by mainstream standards.

Fri, 01/18/2013 - 10:44 | 3165988 TruthDetector
TruthDetector's picture

Worth the read regarding why some are productive and some not so much....

http://shooteratheart.wordpress.com/2009/06/14/mr-prez-please-read-this-...

Wed, 01/16/2013 - 00:42 | 3156700 Godisanhftbot
Godisanhftbot's picture

 We've decided that anyone, no matter how loathsome, can have as many offspring as they desire. And we must pay for them.

 

 Suggest otherwise and be accused of genocide and racism.  Doesn't matter who the target is either, its verbotten.

Wed, 01/16/2013 - 01:37 | 3156811 wee-weed up
wee-weed up's picture

Pssst... here's a little secret... it's how you increase your voters.

Wed, 01/16/2013 - 19:41 | 3160237 Lord Koos
Lord Koos's picture

Of course, since we've also decided to make abortions nearly impossible to get in many parts of the country.

Fri, 01/18/2013 - 10:44 | 3165996 TruthDetector
Wed, 01/16/2013 - 01:24 | 3156793 CheapBastard
CheapBastard's picture

Perhaps there are too many entitlement incentives to pop out more kids in the first place? I'mm too cheap to have that many rugrats crawling, gnawing and consuming.

Wed, 01/16/2013 - 02:03 | 3156839 TheObsoleteMan
TheObsoleteMan's picture

Ask any Latisha or Maria if having kids isn't profitable. There is a reason why they have so many kids, and they make sure "baby's daddy" is either unemployed, illegal 'grunt {can't be traced} or soon to be incarcerated. Who needs a father when you have Uncle Sugar?

Wed, 01/16/2013 - 12:19 | 3157739 trav777
trav777's picture

look; humans are biodiverse and you are imputing a calculating nature to this trend that isn't warranted. Different populations of humans have different reproductive strategies. Some have fewer offspring which take longer to reach sexual maturity.  Some have abundant offspring that mature faster.  Some form more frequent families and fathers are invested in the care of their spawn.  Others prefer a more rodent-like strategy of just impregnate then move...it's a volume game.

It is true that different populations reach puberty at different average ages.  Some populations can hit it and be ready to go at as low as 9.  Others may take half a decade longer on average.  So, to ensure that your offspring survives long enough to carry the genes on, it requires a different evolutionary strategy and different investment of time and care into them.  Those that have stronger families and civilizations can do that with the latter, not so much the former.

There are nations where children starve and parents are reasonably well-fed simply because it's not part of the reproductive strategy to really care for the children.  If foreigners will do it by airdropping foodstuffs, all the better, but that doesn't change the biology which created the behavior.

It's not so much that you are incentivizing the people you speak of; you are merely preventing their offspring from dying like they would under natural circumstances of disease or starvation.  These biologically-sourced behaviors aren't going to be "educated" out...they're just how people ARE.

Fri, 01/18/2013 - 10:46 | 3166002 TruthDetector
Wed, 01/16/2013 - 07:14 | 3157010 Room 101
Room 101's picture

You need children to draw WIC and AFDC.  Once the kid is born, it might be "handicapped" which allows for a whole raft of benefits.  

Having children is not that bad of a financial decision for those who want to work the system.    

Wed, 01/16/2013 - 07:59 | 3157037 Gazooks
Gazooks's picture

It's true.

 

Paid off handsomely for the Bush family.

Wed, 01/16/2013 - 08:54 | 3157088 Let them all fail
Let them all fail's picture

Even poor people want to have families jackass - having kids is not a 100% economic decision like buying a new car or TV

Wed, 01/16/2013 - 09:04 | 3157101 DFCtomm
DFCtomm's picture

You're flattering them by assuming they apply a thought process to buying a TV. There is a reason walmart does tax returns. Hell, I'm surprised they haven't moved the tax cubicles right into the electronics section.

Wed, 01/16/2013 - 09:46 | 3157198 hivekiller
hivekiller's picture

People are also poor because they have low IQs. And unfortunately, they are outbreeding the rest of us so the number of poor keeps increasing along with the poor coming here from other countries. At least half of all illegals are on welfare.

Wed, 01/16/2013 - 10:51 | 3157451 Excursionist
Excursionist's picture

A bit of solace for your troubled soul...  the poor are also dying faster, so no need to worry about an uncontrollable infestation (beyond the normal GDP-related ebbs and flows).

 

Wed, 01/16/2013 - 19:39 | 3160226 Lord Koos
Lord Koos's picture

Nor any mention of "not enough jobs to go around"... or "got fucked buying a house at the wrong time", or "graduated with $30k owing on a student loan and the only job I could find was selling cell phones at the mall".

Tue, 01/15/2013 - 23:14 | 3156490 paterphysi
paterphysi's picture

If only those homeless children had a better work ethic they would have a roof over their heads. Christ, Americans are really a dumb bunch.

Tue, 01/15/2013 - 23:31 | 3156538 Eahudimac
Eahudimac's picture

It's thier idiot parents dipshit. I've met some of these homeless children. It's not their fault, but they don't stand a chance. It's because mom is 20 and already had 3 different kids to 3 different babies daddy's and gets a disability check for being pregnant all the time. The system perpetuates this and it's jack-offs like you who enable it. 

Tue, 01/15/2013 - 23:59 | 3156610 you enjoy myself
you enjoy myself's picture

um, have you done the math?  do you know what it takes to get above the $23K poverty threshold?  52 weeks of 50 hours a week at $8.90 an hour, for just one adult in that family of 4.  the federal minimum wage is $7.25.

so yes, it essentially impossible to have any work ethic and not make $23k. 

Wed, 01/16/2013 - 06:47 | 3156998 Shevva
Shevva's picture

Couple of stories. (Based on the UK)

1) My mate works in the SS office and she says a daily occurence is a mother bring in her 16 and one day old son/daughter and demanding a house for their child as they are not willing to support them anymore now they are 16.

2) My mate was out as you do drinking, he met a girl and ended up in an alley with her doing the dirty, a couple of months later he finds out shes pregnant but has no idea who the farther is, it turns out she has 4 kids (The max you can claim for SS) but one of them had just turned 16 and she had kicked him out (See #1) and needed to replace him to get her maximum child benefit.

Wed, 01/16/2013 - 10:03 | 3157275 foodstampbarry
foodstampbarry's picture

In America we can smell those girls a mile away. They usually work at the waffle house.

Wed, 01/16/2013 - 01:00 | 3156751 SilverRhino
SilverRhino's picture

Fuck the poor.  Most of them are there by choice and are fucking parasites.

Wed, 01/16/2013 - 02:13 | 3156849 prains
prains's picture

What's your excuse?

Wed, 01/16/2013 - 10:17 | 3157331 Stoploss
Stoploss's picture

It's from a company called PAYDAY LOAN.

From the UK.

Look at the UK, LOLOLOL!!!

 

The limey's like to throw rocks while standing naked, that's why we have to bail their pansy asses out all the time.

Wed, 01/16/2013 - 12:04 | 3157704 AGuy
AGuy's picture

We are all poor and up to our eyeballs in debt. $16.5 Trillion divided by 130 Million workers = $126K in debt. How many American workers have $126K to pay their share of the Federal Debt? By the end of 2013, American Workers will owe $136K. How many American Workers can pay an additional $10K inl taxes, per year, just to keep the debt from going up further?

 

 

Tue, 01/15/2013 - 22:43 | 3156395 CunnyFunt
CunnyFunt's picture

But isn't disability an occupation?

It should be included in BLS figures.

Tue, 01/15/2013 - 22:42 | 3156396 bugs_
bugs_'s picture

Underground economy.  No data for your infographic.

Tue, 01/15/2013 - 22:43 | 3156397 nmewn
nmewn's picture

Pink.

Tue, 01/15/2013 - 22:52 | 3156428 Ralph Spoilsport
Ralph Spoilsport's picture

Hello Kitty Pink

Tue, 01/15/2013 - 23:00 | 3156453 nmewn
nmewn's picture

I've trained my mind to stop reading when I perceive it...call it, anti-sensory block...lol.

Tue, 01/15/2013 - 22:49 | 3156404 francis_sawyer
francis_sawyer's picture

What percentage of those "pinkies" are Jewish?... It's a simple question [junks unwarranted until AFTER statistical & scientific research & rebuttal]... 

~~~

7 million 'drug addicts'  ~ Does that include INVESTMENT BANKERS?

Tue, 01/15/2013 - 22:51 | 3156425 Godisanhftbot
Godisanhftbot's picture

 If jews were your only problem, you'd be in good shape, they aren't, you're not.

Tue, 01/15/2013 - 23:13 | 3156438 francis_sawyer
francis_sawyer's picture

Ironically ~ Jews aren't MY problem, They're YOURS [Mostly ~ because I don't borrow money that shit-fucks print out of thin air]... ~~~ So 'CLASSICLY' ~ The JOKE is on you...

~~~

For the record ~ If there is any perception of francis_sawyer [towards JEWS] now & in the future... It stops there... I don't want to burn them in ovens, I don't want to spray paint grafitti on their temples... I JUST DON'T WANT TO BORROW FUCKING MONEY FROM THEM THAT THEY OWN THE FRANCHISE TO PRINT FOR THEMSELVES OUT OF FUCKING THIN AIR...

Ha Ha Ha... THAT's the most heinous crime [of all] in their eyes... [which is the reason for the "junks" above ~ unless you think ZERO investment bankers are jewish & only GOY snort coke]...

Tue, 01/15/2013 - 23:57 | 3156605 lasvegaspersona
lasvegaspersona's picture

francis

what is your opinion of Aaron Schwartz?

Wed, 01/16/2013 - 00:12 | 3156635 NoDebt
NoDebt's picture

"For the record ~ If there is any perception of francis_sawyer [towards JEWS] now & in the future... It stops there... I don't want to burn them in ovens, I don't want to spray paint grafitti on their temples... I JUST DON'T WANT TO BORROW FUCKING MONEY FROM THEM THAT THEY OWN THE FRANCHISE TO PRINT FOR THEMSELVES OUT OF FUCKING THIN AIR..."

Good for you, Frank.  You're making excellent progress.  I'm glad you're past the "burn them in ovens" stage.

Nobody here is going to make you borrow money from them, if you don't feel comfortable doing so.

Wed, 01/16/2013 - 00:43 | 3156701 francis_sawyer
francis_sawyer's picture

Great ~! that's what I've said all along...

~~~

Now I'm 100% satisfied that the worlds DEBT MONETARY FIASCO has been solved in a way that is EQUITABLE for the entire planet & enslaves or 'kills' NOBODY... We must be making overnight progress on the issue...

Tue, 01/15/2013 - 22:56 | 3156436 GFKjunior
GFKjunior's picture

Considering the Jewish population is around 2% in the US, basic statistics leads me to believe that sub 1% of the pinks are jews.  

Tue, 01/15/2013 - 23:02 | 3156460 francis_sawyer
francis_sawyer's picture

@GFK

I only posed the question because I believe that THAT dissemination of the social fabric is RELEVANT in ANY discussion...

Numbers [pink numbers, as the case may be, on a chart like this] cannot be HONESTLY viewed unless you take that into account...

If you DISLIKE my 'social' reference to JEWS ~ may I also suggest that if that is the case, then there NEVER should have arisen any question about CIVIL RIGHTS in the 1960's... It's a sword that cuts both ways [as the case may be]... 

Tue, 01/15/2013 - 23:19 | 3156501 GFKjunior
GFKjunior's picture

I get what you are saying but a better term would be something like "the elite". The vast majority of politicians, lobbyists, are high level execs at fortune 100 bank and media companies are white. The jewish pharmacy or jewelry store down the street are simply people trying to live like you and me, no great conspiracy going on there.

The enemy is the state, not people. Hatred toward other citizens is exactly what the state wants.

 

I don't follow you civil rights sentence.

Tue, 01/15/2013 - 23:35 | 3156552 Eahudimac
Eahudimac's picture

Zionist ashkenazi jews. They aren't your typical run of the mill synogague types. 

Tue, 01/15/2013 - 23:50 | 3156590 francis_sawyer
francis_sawyer's picture

There are many 'Jews' that are fine people... I have re-iterated many times that that is the case...

What THEIR OWN identity [unfortunate for them ~ those 'regular types] has to contend with is the immesurable & statistical MAJORITY that they've achieved in the POWER NODES of investment banking, political lobbying, & mainstream media... If you 'GET' my drift, THAT was my 1960's civil rights reference...

IOW ~ 35 years AFTER the 'civil rights' movements of the 1960's [& as we stand today]... there are MANY people who still view the UPRISING as a voice of the FEW versus the MANY... I'm not here to call that 'RIGHT vs. WRONG' I'm just saying that it's palpitable... Now think about it [I don't even know the exact numbers ~ but what was it? ~ 12% blacks vs. THE POPULATION]?... Now ~ FAST FORWARD... If a REAL CRISIS occurs [Economic Wise], trust me... SCAPEGOATS will be ushered forward [as ALWAYS occurs in MOB mentalities]... In this case it will be FAR WORSE... Firstly ~ Because the JEWS aren't only 3% [vs. 12%] of the POPULATION... But that economics & banking are FOREMOST in everyone's lives... Alabama 'BLACKS' in the 1960's didn't rate as high on the 'richter scale', by comparison, YET the MSM had no problem whipping up everyone into a TAKE YOUR SIDE frenzy about it...

I feel SORRY for the future of the 'GOOD JEWS' in this country [& around the world] when that day arrives... VERY FEW seem to be outspoken or vocal about this impending crisis [they seem more content to CASH THEIR CHECKS in the process], so I guess it's THEIR problem when it happens... 

Wed, 01/16/2013 - 00:52 | 3156730 lincolnsteffens
lincolnsteffens's picture

I'm not a good Jew because I am outspoken, debt free, armed and will blow your fucking head off if you come after me. There is not a single banker, wall streeter, government official, corporate officer amongst my extended family. The only lawyer used to do pro bono work and was tenacious in trying to keep his indigent clients out of jail if during his investigation was convinced of their innocence. That's right he investigated and gathered facts at his own expense. He usually won, from the first charity case of a wino accused of murdering his best friend with Sterno added to the cheap wine they both drank.

It is easy to judge people that are a different from you and your comfortable know nothing superiority about another culture, religion or ethnic group. It is called prejudice and scapegoating. This is pretty much a universal human trait akin to tribalism that views all other tribes as suspect and not as worthy as those in your tribe.

Wed, 01/16/2013 - 01:00 | 3156748 CrockettAlmanac.com
CrockettAlmanac.com's picture

francis is trying to destroy ZH one insane post at a time. I have idea what his motive is.

Wed, 01/16/2013 - 02:16 | 3156850 Raymond Reason
Raymond Reason's picture

Okay, i'll buy that....IF you tell us you sympathize with Palestine.  Otherwise, you are a hypocrite. 

Wed, 01/16/2013 - 05:29 | 3156953 Disenchanted
Disenchanted's picture

What's your thoughts on US tax dollars subsidizing Israel?

Wed, 01/16/2013 - 05:57 | 3156967 Disenchanted
Disenchanted's picture

and btw I've been told that my ancestors were out of the Tribe of Dan, when can I expect my cut of the modern day "Promised Land" action?

the rest of the twelve tribes are sort of curious about that too.

 

"In common speech, the word "Jew" is used to refer to all of the physical and spiritual descendants of Jacob/Israel, as well as to the patriarchs Abraham and Isaac and their wives, and the word "Judaism" is used to refer to their beliefs. Technically, this usage is inaccurate, just as it is technically inaccurate to use the word "Indian" to refer to the original inhabitants of the Americas. However, this technically inaccurate usage is common both within the Jewish community and outside of it, and is therefore used throughout this site." ~ Who Is a Jew?

 

Wed, 01/16/2013 - 05:44 | 3156963 hooligan2009
hooligan2009's picture

spartacus?

Wed, 01/16/2013 - 06:45 | 3156976 Disenchanted
Disenchanted's picture

why does lincolnsteffens' tribe get all the fucking ink? oh boohoo...woe is me. ;p

I guess my tribe just wasn't as good at being professional victims...

Tue, 01/15/2013 - 22:45 | 3156406 Freedumb
Freedumb's picture

All of these explanations are off the mark. Paul Krugman told me the reason these people aren't working is because Bernanke isn't buying enough MBS.

Tue, 01/15/2013 - 23:40 | 3156568 Walt D.
Walt D.'s picture

Paul Krugman is a Keynesian - he does not care whether people are not working as long as they get an unemployment check to spend and stimulate the economy - they do not need to dig and fill in imaginary holes in the ground - they may as well stay at home. There is no difference between an unemployed person and and any other government worker - both are takers rather than makers - neither produce any tangible product that anyone else can consume.

Wed, 01/16/2013 - 01:00 | 3156746 e_goldstein
e_goldstein's picture

Next time you talk to Paul Krugman do me a favor and kick him in his twat.

 

Tue, 01/15/2013 - 22:48 | 3156408 fonzannoon
fonzannoon's picture

Anyone hear this from Sean Egan?

It sounds to me like he has sold out too...

http://video.cnbc.com/gallery/?play=1&video=3000141348

He seems to imply that we can grow our way out and there is a chance at an Upgrade. Right after monkeys fly out of my ass.

Wed, 01/16/2013 - 09:18 | 3157117 DFCtomm
DFCtomm's picture

Yes Charlotte he sold out. You see, when being right means the end of the world as we know it, then there aren't many people interested in being right.

Tue, 01/15/2013 - 22:48 | 3156412 Whoa Dammit
Whoa Dammit's picture

You can always find a job to pay off your PayDay Loan you poor lazy sap <snark>.

Tue, 01/15/2013 - 23:06 | 3156468 secret_sam
secret_sam's picture

I've spent a few years working with both rich folks and poor folks.  The single biggest difference I found between the groups is that when the poor folks are slacking off, they KNOW it.

When the rich folks are slacking off, they tend to think they're just benefiting from their "innate talents."

Give 'em a mop and put 'em next to the average Mexican and we could find out who the lazy ones are...

Wed, 01/16/2013 - 00:22 | 3156660 RopeADope
RopeADope's picture

But its hard work shopping with your 100k+ paycheck during workhours while all your poverty stricken employees on minimum wage run your company without your leet management skills.

Wed, 01/16/2013 - 12:45 | 3157834 Meatier Shower
Meatier Shower's picture

You think someone should apologize for being a successful business owner?

They took most of the risk. Why shouldn't they reap most of the reward?

Show me a poor person who hires employees.

Wed, 01/16/2013 - 01:31 | 3156801 U4 eee aaa
U4 eee aaa's picture

The reason they know it is because they have some rich guy sitting on their back telling them they are slacking off

Tue, 01/15/2013 - 22:48 | 3156413 Dr. Engali
Dr. Engali's picture

Thank goodness for the endless printing. If it wasn't for the Bernank my there might be a whole bunch of bankers trying discovering what work ethic actually is. We wouldn't want that now would we? It's much easier to make the poor even poorer through inflation. It's all good though they get a few scraps thrown their way to keep them in check.

Tue, 01/15/2013 - 22:49 | 3156419 fonzannoon
fonzannoon's picture

Doc listen to the vid I posted above. I am curious of what you think.

Tue, 01/15/2013 - 22:54 | 3156426 Dr. Engali
Dr. Engali's picture

Shit I can't. It requires flash and all I have is my crapple.My computer is in the shop.

Tue, 01/15/2013 - 22:59 | 3156444 fonzannoon
fonzannoon's picture

Brutal. I am floored at what Egan said. I truly think his balls were in a sling.

anyone else have any input? Was that a 180 or an I nuts? Tyler?

Tue, 01/15/2013 - 23:01 | 3156455 Dr. Engali
Dr. Engali's picture

I certainly hope that's not the case. I'm sure he is getting an enormous amount of pressure, but if he gives in he will lose the credibility he has built up for him & his company.

Tue, 01/15/2013 - 23:05 | 3156465 fonzannoon
fonzannoon's picture

We are gonna Lehman AAA this thing to the end.

Tue, 01/15/2013 - 23:17 | 3156496 Dr. Engali
Dr. Engali's picture

That's been my take. AIG was triple A all the way to the end. I know people who went bankrupt with credit scores over 800 and the U. S. will go down the same way.

Tue, 01/15/2013 - 23:49 | 3156584 FoeHammer
FoeHammer's picture

I think you guys are on the right track.

 

I guess there will be no civil discourse. Wow. What a total bummer.

 

 

Tue, 01/15/2013 - 23:08 | 3156471 NoDebt
NoDebt's picture

Don't waste your time, Doc.  He has no idea how to rate a sovereign that's got a printing press in the basement.  He's only concerned that the government could (through stupidity or a whoopsee) decide to divert their limited tax revenues into areas OTHER THAN paying interest on the debt, should the debt ceiling be hit hard and funding prioritization be required.

On that issue, I am sure there is ZERO risk of it happening.  If you believe that the bankers and government are basically the same indistinguishable group, it would be like them voluntarily slitting their own throats.  Very unlikely when there are so many other throats they could slit to get the necessary blood before ever considering opening one of their own veins.

Would that be a fair summary and conclusion?

 

Tue, 01/15/2013 - 23:10 | 3156480 fonzannoon
fonzannoon's picture

But Egan was different! (stamping feet).

Tue, 01/15/2013 - 23:19 | 3156500 NoDebt
NoDebt's picture

Fonz, he just DOESN'T KNOW.  There is no road map for this.  He's lost.  He can't even venture a guess.  It's what happens when all the real power concentrates in the hands of a very few (or one).  They make decisions, nobody can push back if they don't like them.  They hold the cards and they'll use them however they see fit.  The rest of us will live with the consequences.

Ratings in the traditional sense are MEANINGLESS when applied to a sovereign with a printing press.  They can pay or not pay at their whim. 

All you can do is look to see who continuing to pay helps/hurts and who NOT paying helps/hurts.  Lay that over the power those two constituent groups weild over the administration/government.  That determines what the decision will be.  Nothing else.

 

Tue, 01/15/2013 - 23:25 | 3156524 fonzannoon
fonzannoon's picture

"They hold the cards and they'll use them however they see fit. The rest of us will live with the consequences.

The rest of us will hedge accordingly. I refuse to live in fear. I will wake up tomorrow and get after it, I will find a way.

Tue, 01/15/2013 - 23:37 | 3156558 NoDebt
NoDebt's picture

Agreed on that point.  I'm not throwing in the towel.  There will always be individuals who succeed despite a deteriorating macro environment.  I will be one of those individuals.

And I haven't even needed to steal from widows and orpahns to do it!  Nor will I ever.  I'm just not wired to be one of those people who will cost you a dollar to make an extra penny for myself.  I think I may be one of the last of a dying breed.  No matter how hard I try I can't find a way to fully drive the concept of meritrocracy from myself.  In short, I am probably the biggest fool and idiot in the country as of this writing.

Tue, 01/15/2013 - 23:42 | 3156571 fonzannoon
fonzannoon's picture

that makes 2 of us. hang in there bud.

Wed, 01/16/2013 - 02:24 | 3156857 Skateboarder
Skateboarder's picture

Make that three. Skateboarder will not operate on anything but merit, trust, and respect. Would honestly prefer no life than a dishonorable one.

Wed, 01/16/2013 - 05:41 | 3156961 hooligan2009
hooligan2009's picture

Spartacus x 2! :>)

Wed, 01/16/2013 - 07:12 | 3157007 negative rates
negative rates's picture

He basicly lowered the bar today, so we can continue debating the unfunded issue tomorrow.

Tue, 01/15/2013 - 22:48 | 3156414 ClassicCommodity
ClassicCommodity's picture

What happens when the invisible poor become completely desperate, with nothing to lose? Bunker up Americans, i'll be sitting down here with my feet up in Canberra - the new capital for the elite while your country turns into a hell hole.

Tue, 01/15/2013 - 22:56 | 3156439 ClassicCommodity
ClassicCommodity's picture

"It is unusual among Australian cities, being an entirely planned city outside of any state "

http://curiouserthanusual.blogspot.com.au/2011/05/illuminati-canberra.html

http://seeker401.wordpress.com/2012/03/06/the-occult-history-of-canberra/  

This year we celebrate its 100th birthday. The symbolism in the logo is curious, isn't it?
http://www.cockingtongreen.com.au/gallery/centenary100-tag-cmyk-1col-yellow.jpg   

Elizabeth Windsor sure loves it here. 

Tue, 01/15/2013 - 23:26 | 3156526 ForTheWorld
ForTheWorld's picture

I'm probably envisioing a ridiculous link, but Canberra was "created" the same year as the US Federal Reserve. Interesting.

Tue, 01/15/2013 - 23:55 | 3156602 cxl9
cxl9's picture

Right. And don't worry, we'll still be here to defend and rescue your Commonwealth. Again. Like we did the last time.

No need to say, thank you.

Wed, 01/16/2013 - 06:19 | 3156987 ClassicCommodity
ClassicCommodity's picture

It's true, and I do appreciate that Cxl9.

Wed, 01/16/2013 - 05:39 | 3156960 hooligan2009
hooligan2009's picture

canberra,,government in the middle of nowhere funded by tax payers to tax those who dig holes and send dirt to asia..

memo to you: one day your hole will be bigger than assholes in your government

Tue, 01/15/2013 - 22:49 | 3156421 Godisanhftbot
Godisanhftbot's picture

 how many of those are 'imported', like fine aged whine.

 

 how many of those are inept?

 

 how many are ex daytraders, forex junkies, and the other side of Steve Cohens trades?

Tue, 01/15/2013 - 22:54 | 3156433 DavosSherman
DavosSherman's picture

Great work until you get to "What makes people poor," then it reveals itself for a fucking dog piece of shit work.

Da Fed + Da Banksters + Da Politicians = The Land of Poverty.

The other fucked up thing about this is this: The poor will make us all poor.  They don't buy shit, they don't support the economy, they pay less in taxes and transfer payments will bring the healthy down.

 

Tue, 01/15/2013 - 23:11 | 3156482 secret_sam
secret_sam's picture

The transfer payments that are killing us are going to EVERYONE, not just the poor.  That's a big part of the problem.

Medicare D will eat your future WAYYYYYY before foodstamps and section 8 subsidies will...

Wed, 01/16/2013 - 00:50 | 3156717 DavosSherman
DavosSherman's picture

We take in 2.3 trillion and 2.1 trillion goes out in transfer payments the other .2 trillion plus goes to interest on our debt.

2013's budget:

34% Social Security and Unemployment, 24% Medicare and Health.

While you are correct that it isn't just the poor, when you get into the demographics you quickly realize that cutting that shit for the rich or even the middle class does jack to the debt.

 

Wed, 01/16/2013 - 10:10 | 3157315 secret_sam
secret_sam's picture

       While you are correct that it isn't just the poor, when you get into the demographics you quickly realize that cutting that shit for the rich or even the middle class does jack to the debt.

Well, obviously, in a country where such a huge percentage of people are "poor" by consensus standards, if you blame them for everything, you're mostly right just by default.

I pointed out a few months ago that "$60K was good money" and got slammed for it.  There's something seriously wrong with people's ability to interpret the statistics or something.

Tue, 01/15/2013 - 22:54 | 3156435 knowless
knowless's picture

nepotism and graft are just a figment of your imagination.

there is law in this country.

any field you want to work in will have you.

as long as you "work hard enough".

none of this has anything to do with those who hold capital, or how that word is defined. i need to remember that the next time i need to draw four other rents from people doing what they can to keep it together just so i know i won't have to sleep in my car, that it's all because work is readily available in the skill set i hold, so just keep at it bucko!

it'll all come your way some day!

beautiful artistry. those that have deserve it, not because they followed orders, no, because they deserve it.

I am so tired of this shit.

how do people even define work ethic any more? when it is a necessity to placate oneself in the face of your "master" simply to subside?

if it had anything to do with skill, then i, as would hundreds of thousands, would determine our wage and our treatment based on our innate and learned skill. but this is not how it is to work.

burn fuckers. treat me like a machine, and i will act like one.

Wed, 01/16/2013 - 00:32 | 3156686 bunnyswanson
bunnyswanson's picture

That is no longer the case.  Hard work is not rewarded unless you under bid the other 200 people who are applying for the job or have a network which can fast track your application. 

Competition from in-sourcing has made blue collar work go under the table in many areas (construction, landscaping, farming labor). 

Outsourcing of IT jobs places US tech workers in a position to compete with people who can live on 350 US dollars a month.  In Mexico, the Comcast tech makes 3.50 a day. 

 

 

Tue, 01/15/2013 - 22:57 | 3156443 Insideher Trading
Insideher Trading's picture

Even Zerohedge is terrified to address race.

Race is a terrifying proposition to address, at least from a journalistic stand point. 

 

Tue, 01/15/2013 - 23:12 | 3156485 secret_sam
secret_sam's picture

Do your part.  Find some data.

Wed, 01/16/2013 - 00:07 | 3156630 SubjectivObject
SubjectivObject's picture

Easy solution; it's not race, it's ethnicity.

I speak from multicultural experience.

Tue, 01/15/2013 - 23:00 | 3156450 SubjectivObject
SubjectivObject's picture

PayDayLoan?  

Know your demographic?

A cultural nonsequitur that cares?

Compiling other people's data?

Tue, 01/15/2013 - 23:03 | 3156458 chump666
chump666's picture

And Obama bailed out Wall Street who in 2009 took no losses on the stock market, all the while the Fed secured the puts and Obama pushed the credit.

 

Tue, 01/15/2013 - 23:22 | 3156509 helping_friendl...
helping_friendly_book's picture

If you, could, do your research you will find it was George W. Bush, Henry Paulson and Timothy Giethner (then the FRBNY President) that shoved  TARP down our throat. Tarp was an 8 page document designed to loot the US Treasury upon the end of the Bush administration.

I will not argue to what extent Obama was complicate in this fraud but, I will, definitely, point out you are absolutely and irrefutably incorrect saying it was Obama who was behind the wheel when Wall Street got the , moral hazard, bail out.

Read a book. You don't know what you are talking about and please point out my misspellings and don't forget to call me an anti-Semite. 

 

Tue, 01/15/2013 - 23:27 | 3156528 A Lunatic
A Lunatic's picture

That's really the gist of it all. Had all of the money that went to the TBTF and all of the subsequent QE's gone into the private sector in various forms it would have gone a long way to creating jobs and income for the "poor". I'm sick of these fuckers saying they are looking out for the poor when they spend hundreds of billions of Benny Bucks on wars, failed solar companies, dying automobile companies, corporate welfare, banks, and pork for everyone who might know where a body is buried. This combined with reckless FED printing and artificial reporting of the economic data serve to keep current business owners from making management decisions that could in turn help stimulate the job market thus providing some relief. Obastard care, tax increases, and further restrictions on Liberty go a long way in clustering the fuck out of the situation as well.  Unless the objective is to completely destroy America, I just don't understand anymore..........

Tue, 01/15/2013 - 23:10 | 3156483 alentia
alentia's picture

Socialist governments have created moral hazard by giving away free money to people who does not want to work. Free money are hazardous.

It is somewhat interesting...

Giving free money to charity produces more charities and poverty.

Charities produce more poverty, by removing any incentives from states to care about their people (in the case of many charities for Africa), or for people to rise against dictators when they have nothing to loose.

Giving more to local charities removes incentives for people dependant on these charities to look for work. Removes incentives to save for rainy day, when they have work.

Just watched, how Canadian goverment pledged $1.5M to Syrian refugees in Turkey... Refugees are sitting there in tent camps for over a year doing nothing. Within the year they could have build new houses and even the whole new town if it is not for international aid. They could have build schools, shops, but they just sit there and complain.

It is easier just to through money at them rather than teach them needed skill to build a house, road, sewer, waterways, etc.

Tue, 01/15/2013 - 23:18 | 3156497 secret_sam
secret_sam's picture

    Within the year they could have build new houses

I dunno about Syrians in Turkey, but for sure we need favelas everywhere.  That would solve a LOT of problems.

Rent's a real drag.  I could afford a gym membership and a climate-controlled storage unit without it.

Wed, 01/16/2013 - 06:10 | 3156984 Shigure
Shigure's picture

And "Socialist" governments have created moral hazard by giving away free money to the banks, who do not produce anything. Free money is hazardous.

Maybe this removed the incentive for them to sort out the financial system and is the reason why we are in a worse situation four years later

Wed, 01/16/2013 - 08:21 | 3157053 ZeroAvatar
ZeroAvatar's picture

alentia:

 

I noticed that, too.  The Syrian refugees are shown traipsing along wet muddy roads.  It would be too much work to improve the road so they don't have to walk in mud.  They show the families sitting contentedly in their tents. Doesn't anyone have any desire to improve their living conditions?

 

Tue, 01/15/2013 - 23:32 | 3156508 legorf
legorf's picture

Long term, wages and relative wages to other countries are highly correlated with productivity which is highly dependant on education and capital (not money, machinery !!).

Every dropout is thus a huge burden for the economy for many, many years to come.

How can you justify high wages if you are no more educated than the average Chinese worker which only costs a fraction of your wage for the same work? Unfortunately for many americans, they cost too much and produce less than the equivalent workers in other countries.

Now, since no one wants an outright wage cut, there is no quick adjusment in wage prices, and thus, the adjustment has to come from quantities, read unemployment. This is a much more painful process which takes much more time. Eventually, whose who need to work finally agree to work part-time in a low paying job, thus a wage cut anyway.

Just tell your kids not to drop out. As a side note, try to direct them towards a career worth the investment ...

 

P.S. If you have a degree worth the ink and paper it is written on, you can work in another country if the economy sucks at home ...

Tue, 01/15/2013 - 23:36 | 3156553 secret_sam
secret_sam's picture

      How can you justify high wages if you are no more educated than the average Chinese worker which only costs a fraction of your wage for the same work?

Exactly.  And how can anyone justify higher prices for the same shit stamped with different brand names?

Tue, 01/15/2013 - 23:24 | 3156514 Cabreado
Cabreado's picture

What is in the process of changing this dynamic -- communication,

an ultimately simple process of comparing notes,
realizing the oppression and refining one's own definition of such a thing,

then recognizing the common ground,

and seeing where there is humility there is hope,
and when self-absorption and false leadership finally glares its ugly head,
known to a critical mass,
things will change, because they simply have to...

and may the humble and downtrodden,
carrying with them every ounce of intelligence necessary for
all that is sustainable,

prevail.

And do it big time.

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