This page has been archived and commenting is disabled.

More Than 101 Million Working Age Americans Do Not Have A Job

Tyler Durden's picture




 

Submitted by Michael Snyder of The Economic Collapse blog,

The jobs recovery is a complete and total myth.  The percentage of the working age population in the United States that had a job in March 2013 was exactly the same as it was all the way back in March 2010.  In addition, as you will see below, there are now more than 101 million working age Americans that do not have a job.  But even though the employment level in the United States has consistently remained very low over the past three years, the Obama administration keeps telling us that unemployment is actually going down. 

In fact, they tell us that the unemployment rate has declined from a peak of 10.0% all the way down to 7.6%.  And they tell us that in March the unemployment rate fell by 0.1% even though only 88,000 jobs were added to the U.S. economy.  But it takes at least 125,000 new jobs a month just to keep up with population growth.  So how in the world are they coming up with these numbers?  Well, the reality is that the entire decline in the unemployment rate over the past three years can be accounted for by the reduction in size of the labor force. 

In other words, the Obama administration is getting unemployment to go down by pretending that millions upon millions of unemployed Americans simply do not want jobs anymore.  We saw this once again in March.  According to the U.S. Bureau of Labor Statistics, more than 600,000 Americans dropped out of the labor market during that month alone.  That pushed the labor force participation rate down  to 63.3%, which is the lowest it has been in more than 30 years.  So please don't believe the hype.  The sad truth is that there has been no jobs recovery whatsoever.

If things were getting better, there would not be more than 101 million working age Americans without a job.

So exactly where does that statistic come from?  Well, the following explains where I got that number...

According to the U.S. Bureau of Labor Statistics, there are 11,742,000 working age Americans that are officially unemployed.

In addition, the U.S. Bureau of Labor Statistics says that there are 89,967,000 working age Americans that are "not in the labor force".  That is a new all-time record, and that number increased by a whopping 663,000 during the month of March alone.

When you add 11,742,000 working age Americans that are officially unemployed to the 89,967,000 working age Americans that are "not in the labor force", you come up with a grand total of 101,709,000 working age Americans that do not have a job.

When you stop and think about it, that is an absolutely staggering statistic.

And anyone that tells you that "a higher percentage of Americans are working today" is telling you a complete and total lie.  During the last recession the percentage of working age Americans with a job fell dramatically, and since then we have not seen that number bounce back at all.  In fact, this is the very first time in the post-World War II era that we have not seen the employment-population ratio bounce back after a recession.  At this point, the employment-population ratio has been under 60 percent for 49 months in a row...

Employment-Population Ratio 2013

Since the end of 2009, the employment-population ratio has been remarkably steady.  Just check out these numbers...

March 2008: 62.7 percent

March 2009: 59.9 percent

March 2010: 58.5 percent

March 2011: 58.4 percent

March 2012: 58.5 percent

March 2013: 58.5 percent

We should be thankful that the percentage of working age Americans with a job did not continue to decline, but we should also be quite alarmed that it has not bounced back at all.

If there was going to be a recovery, there would have been one by now.  The next major economic downturn is rapidly approaching, and that is going to push the employment-population ratio down even farther.

So why is the U.S. economy not producing as many jobs as it used to?  Well, certainly the overall decline of the economy has a lot to do with it.  We are a nation that is drowning in debt and that is getting poorer by the day.

But since the end of the last recession, corporate profits have bounced back in a big way and are now at an all-time high.  So you would figure that the big corporations should be able to hire a lot more workers by now.

Unfortunately, that is not the way things work anymore.  Big corporations are trying to minimize the number of expensive American workers that they have on their payrolls as much as possible these days.

One way that they are doing this is through the use of technology.  Thanks to robots, computers and other forms of technology, big corporations simply do not need as many human workers as they used to.  In future years, this trend is only going to accelerate.  I wrote about how this is changing the world of employment in one of my previous articles entitled "Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs?"

Another way that big corporations are replacing expensive American workers is by shipping their jobs off to the other side of the globe.  Big corporations know that they can make bigger profits by making stuff in foreign countries where they can pay workers less than a dollar an hour with no benefits.  How in the world are American workers supposed to compete with that?

For much more on how U.S. jobs are being killed by offshoring, please see this article: "55 Reasons Why You Should Buy Products That Are Made In America".

And of course immigration is having a dramatic impact on the labor market in some areas of the country as well.  Cheap labor has dramatically driven down wages in a lot of professions.  For example, once upon a time you could live a very nice middle class lifestyle as a roofer.  But now many roofers really struggle to make a living.

When you add everything up, it paints a very bleak picture for the future of the American worker.

The cost of living keeps rising much faster than wages do, and the competition for good jobs has become incredibly fierce.

Meanwhile, the government continues to make things even easier for those that are not working.  This has caused some Americans to give up completely and to be content with letting the government take care of them.  The following is from a recent article by Monty Pelerin...

As we make it easier to get unemployment benefits for longer time periods, more people take advantage of the system. So too with food stamps and disability. All programs are at or near record levels in what is supposed to be four years into an economic recovery. For many, the benefits of becoming a government dependent exceed what they can earn. One study reported that a family of four, collecting all the benefits for which they were entitled, would have to earn $65,000 per annum to have the same after-tax purchasing power.

 

If you are a product of the government schools and are legal to work (i.e., have skills enough that you are affordable at the minimum wage or higher), at what point do you realize that there is no need to go through the hassle of actual work. You can live pretty well by staying home and taking advantage of the entitlements available to you. That is exactly what a larger and larger percentage of the population are realizing. In many cases, it is economically irrational to work.

 

This behavior creates a social pathology that only worsens over time. Kids learn from their parents that work is not necessary and the many ways to game the system. In this regard, look for this problem to become worse over time unless these programs are cut back.

In some areas of the country, it actually pays not to work very hard.  According to Gary Alexander, the Secretary of Public Welfare for the state of Pennsylvania, a "single mom is better off earnings gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045."

But the truth is that most Americans still want to work hard and would gladly take a good job if they could just find one.  The following is one example that was featured in a recent Fox News article...

After a full year of fruitless job hunting, Natasha Baebler just gave up.

 

She'd already abandoned hope of getting work in her field, working with the disabled. But she couldn't land anything else, either — not even a job interview at a telephone call center.

 

Until she feels confident enough to send out resumes again, she'll get by on food stamps and disability checks from Social Security and live with her parents in St. Louis.

 

"I'm not proud of it," says Baebler, who is in her mid-30s and is blind. "The only way I'm able to sustain any semblance of self-preservation is to rely on government programs that I have no desire to be on."

And that is how most Americans feel.

Most Americans do not want to be dependent on the government.

Most Americans want to work hard and take care of themselves.

Unfortunately, our economy is not producing nearly enough jobs for everyone and it never will again.

So there will continue to be millions upon millions of Americans that find that they cannot take care of themselves and their families without government assistance no matter how hard they try.

And this is just the beginning - things are going to get much worse during the next major wave of the economic collapse.

Yes, at the moment there are more than 101 million working age Americans that do not have a job, but that number is actually going to go much higher in the years ahead.  The anger and frustration caused by a lack of employment opportunities is going to shake this nation.

That is why it is important to try to become less dependent on your own job.  In this economic environment, a job can disappear at literally any moment.  Anything that you can do to become less dependent on the system would be a good thing.

Homeless Bill Needs Rich Woman Photo By Josh Swieringa

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 04/08/2013 - 13:36 | 3422542 Almost Solvent
Almost Solvent's picture

Jobz

Bitchez

Mon, 04/08/2013 - 13:38 | 3422547 Big Slick
Big Slick's picture

Blah blah blah... (with funny comment)

Mon, 04/08/2013 - 13:41 | 3422561 Shocker
Shocker's picture

Its pretty sad to see. But this doesn't surpise anyone if you been paying attention.

Jobs have been going away at a rapid rate for 3-5 years nows

Layoff/Closing List

http://www.dailyjobcuts.com

Mon, 04/08/2013 - 13:42 | 3422571 McMolotov
McMolotov's picture

What's all the worry about? Who cares if the percentage of people working is low? We're just returning to that golden age when Mom stayed at home with the kids and Dad had a job that paid great.

What's that? Mom works part-time as a stripper, and Dad works at Starbucks now because Grandpa can't afford to retire so he took Dad's old job for less money? Well fuck me.

Mon, 04/08/2013 - 13:42 | 3422576 The Juggernaut
The Juggernaut's picture

See... Krugman is right we need to hose this American wasteland with shit tons of cash.

Mon, 04/08/2013 - 13:43 | 3422584 Pladizow
Pladizow's picture

Hey, be happy there's not 102 million!

Mon, 04/08/2013 - 13:45 | 3422591 The Juggernaut
The Juggernaut's picture

And have the Federal Reserve pay for taxes as well!  Fuck it!

Mon, 04/08/2013 - 14:36 | 3422900 Pure Evil
Pure Evil's picture

First they bitch that there's not enough jobs to go around due to productivity gains through computers and robotics, outsourcing, and large scale immigration..........

then they bitch because people are going on the dole cause they either can't find a job or you can make more sitting on your ass.

You're damned if you do and you're damned if you don't.

Either way we're all going to hell in Obama's handbasket.

Mon, 04/08/2013 - 14:49 | 3422998 MillionDollarBonus_
MillionDollarBonus_'s picture

What this biased article fails to mention is that millions of Americans now have access to FREE healthcare. This is a huge weight of the backs of every day Americans who previously spent a large portion of their income on healthcare.

Mon, 04/08/2013 - 15:09 | 3423100 The Juggernaut
The Juggernaut's picture

Dude.  Its not free.  Where do you think the money is coming from?

Mon, 04/08/2013 - 15:42 | 3423261 AssFire
AssFire's picture

This is a huge weight ON the backs of every day Americans who previously spent a large portion of their income paying for others to visit emengency rooms.

Responsible Americans that at peril to their own family- must now pay for strangers' care as though they were their own family.

Mon, 04/08/2013 - 15:53 | 3423339 James_Cole
James_Cole's picture

"There are two Americas. One America is beautiful for situation. In this America, millions of people have the milk of prosperity and the honey of equality flowing before them….

 

But there is another America. This other America has a daily ugliness about it that transforms the buoyancy of hope into the fatigue of despair. In this other America, thousands and thousands of people, men in particular walk the streets in search for jobs that do not exist.

 

In this other America, thousands of young people are deprived of an opportunity to get an adequate education. Every year thousands finish high school reading at a seventh, eighth and sometimes ninth grade level. Not because they're dumb, not because they don't have the native intelligence, but because the schools are so inadequate, so over-crowded, so devoid of quality, so segregated if you will, that the best in these minds can never come out."

 

-MLK, 1968

Mon, 04/08/2013 - 16:13 | 3423421 AssFire
AssFire's picture

In this other America- these same men "searching for jobs" spawned illegitimate children that spurned the education system; yet they continue to play victim-

totally unappreciative of the dollars and hours devoted in an effort to bring them out of the ghetto culture they subscribe to above all else.

Mon, 04/08/2013 - 16:23 | 3423490 eatthebanksters
eatthebanksters's picture

Obummer ain't worried, he knows the safety net of social programs that got him to the White House, where he can play unlimited rounds of free golf, will do the same for every American.  Just like his neighborhood organizing days, he knows that when things go bad he just has turn on the taxpayer spigot and all will be fine. Besides, his buddy, Helicopter Benny will print him as much as he needs!

Mon, 04/08/2013 - 22:16 | 3424736 Harlequin001
Harlequin001's picture

The obvious solution to '101 million working age Americans that do not have a job' is war, isn't it?

Before they riot for lack of government supplied and paid for food.

Which is what comes next when the bond markets go 'poof' in a stunningly surprising and not in the least expected move...

Mon, 04/08/2013 - 16:35 | 3423503 James_Cole
James_Cole's picture

In this other America- these same men "searching for jobs" spawned illegitimate children that spurned the education system; yet they continue to play victim-

 

I'm sure your non-sense point strikes a chord for Americans with zero knowledge of history, but I wasn't trying to bring up that argument.

Merely pointing out that the class distinctions MLK brought up when addressing black audiences in the 60s can be restated word for word to white audiences in 2013 with equal relevancy. 

 

Mon, 04/08/2013 - 17:00 | 3423679 AssFire
AssFire's picture

Yet, with all the money spent they are worse off by every measure.

They cling to their class distinction- it gives them privileges.

We gave treats to them to encourage this behavior- very sick.

Mon, 04/08/2013 - 15:31 | 3423244 Mototard at Large
Mototard at Large's picture

MDB:  I love you like a step brother!

Mon, 04/08/2013 - 15:51 | 3423333 outamyeffinway
outamyeffinway's picture

The kind you like to beat?

Mon, 04/08/2013 - 16:25 | 3423502 eatthebanksters
eatthebanksters's picture

The red headed kind?

Mon, 04/08/2013 - 16:28 | 3423516 toady
toady's picture

Yeah, the whole redheaded step child partially retarded milkmans son thing?

Mon, 04/08/2013 - 15:45 | 3423308 Dre4dwolf
Dre4dwolf's picture

We are spending more on healthcare now, a fucking dentist trip costs 1800$ in New York if you have even the most minor issue... and thats WITH a dental "discount" plan from an insuerer.

 

Insurance is a JOKE.

Mon, 04/08/2013 - 15:56 | 3423359 CunnyFunt
CunnyFunt's picture

If you flew to Mexico, paid for dental work, then flew back, you'd still be ahead. Good, no-bullshit service is included.

Mon, 04/08/2013 - 19:27 | 3424193 Imminent Crucible
Imminent Crucible's picture

MillionDollarDoofus: millions of Americans now have access to FREE healthcare.

Govt employees and the union slugs already had free healthcare, simpleton. The rest of us just have a mandate to buy our own overpriced medical insurance or pay a big fine. You're not naturally stupid. What you got takes practice.

Mon, 04/08/2013 - 16:22 | 3423487 toady
toady's picture

I used to do, but now I don't.

I do keep saying you're damned if you do and you're damned if you don't though.

Mon, 04/08/2013 - 14:37 | 3422913 ratso
ratso's picture

Half the country is working off the books and not paying taxes - DO THEY COUNT?

Mon, 04/08/2013 - 19:24 | 3424182 archon
archon's picture

Not so fast, there...  if you add to it all the people who have government jobs, you have about 130 million people who aren't working.

Mon, 04/08/2013 - 13:46 | 3422590 Dr Paul Krugman
Dr Paul Krugman's picture

And so the proper recourse is to cut spending?  Cut food stamps?

It is true, we are in a depression, and that means we need to support the unemployed, not harm their chances for employment by cutting what programs are helping them.

Mon, 04/08/2013 - 13:51 | 3422599 The Juggernaut
The Juggernaut's picture

Shut up, dude.  You're a megalomaniac.  The best is when people have freedom over their money and can use the best natural talents they have not centralized planning to stifle growth and endorse child-like dependence.

Mon, 04/08/2013 - 13:52 | 3422629 McMolotov
McMolotov's picture

"Megalomaniac" by Incubus:

http://www.youtube.com/watch?v=jyvo6gY9zLA

Mon, 04/08/2013 - 13:49 | 3422616 McMolotov
McMolotov's picture

Obviously we should continue to tax small businesses into the ground so we can pay for food stamps and unemployment. That way, we can incentivize people to remain on the dole while simultaneously killing any chance that businesses will be able to afford to hire more employees.

Everything evens out. Right?

Mon, 04/08/2013 - 13:53 | 3422634 Dr Paul Krugman
Dr Paul Krugman's picture

Ah, yes, the "who wouldn't want to live on food stamps" arguement.

Have you ever thought that maybe, just maybe, people don't want to live on food stamps?  Have you considered that people want the opportunity to make more money than they do?  Or do you adhere to the notion that single mothers are welfare queens and unemployed men are lazy?

God help a rich man when he loses his job, right?

Mon, 04/08/2013 - 13:56 | 3422650 The Juggernaut
The Juggernaut's picture

No.  Your retarded policies help the rich man keep their jobs.  Banks never fail while the People of Rome burn.

 

Back then it was barbarians and now its bankers.

Mon, 04/08/2013 - 14:00 | 3422670 Dr Paul Krugman
Dr Paul Krugman's picture

8 years of Bush messed up the economy, and now we are trying to fix things.

Mon, 04/08/2013 - 14:02 | 3422675 The Juggernaut
The Juggernaut's picture

The Military Industrial Complex was in effect well before Bush and is going strong with Obama.  You made such a lame comment.

Mon, 04/08/2013 - 14:55 | 3423022 jayman21
jayman21's picture

8 Years of Bush?  How about 100 years of The Fed.  No kiss.

Mon, 04/08/2013 - 15:07 | 3423091 css1971
css1971's picture

The exponential curve of debt growth is almost perfect and almost identical whether it's a democratic or republican president or congress. It is almost completely irrelevant which set are in charge.

8%/year growth rate for atleast the last 40 years. Same for republicans or democrats. Or it was till 2008 and we ran out of debtors to enslave.

Mon, 04/08/2013 - 15:15 | 3423156 MiltonFriedmans...
MiltonFriedmansNightmare's picture

8 years of Bush or 100 yrs of Rothschild et al. ?

Mon, 04/08/2013 - 15:20 | 3423183 akak
akak's picture

And remind me again, you sociopathic apologist for everything corrupt and criminal, how the policies of puppet Obama are in ANY meaningful way different from those of puppet Bush?

Mon, 04/08/2013 - 19:31 | 3424214 Imminent Crucible
Imminent Crucible's picture

That stingy Bush didn't hand out free cell phones to crack ho's.

And Obama has upped the attacks on Pakistani wedding parties by 500%. Now THAT's progress.

http://livingunderdrones.org/wp-content/uploads/2012/09/Stanford_NYU_LIV...

Mon, 04/08/2013 - 15:44 | 3423301 A Nanny Moose
A Nanny Moose's picture

....by giving the government more money so that wealthy parasites can benefit even further? Behind every government program is a corporation reaping the benefits. I bet Visa just hates all the fees from EBT cards.

Mon, 04/08/2013 - 17:39 | 3423841 Kirk2NCC1701
Kirk2NCC1701's picture

Dr. K: "8 years of Bush messed up the economy, and now we are trying to fix things."

By "fix", do you mean that "We re-allocate the ownership of their 401k and IRA accounts, when they sell/ bleed out to other buyers (thus keeping the assets in play but creating more fiat FRN's)"?  Which helps the VOM.  And "then we create even more fiat FRN's when we give them welfare?" 

And exactly how do the Fed and the banks risk a "loss" in this game of Fed Charity?  You 'fixed' it alright:  you 'fixed' The Game.

Mon, 04/08/2013 - 23:38 | 3425020 tickhound
tickhound's picture

While all you pathetic little parrots debate the Krugman wannabe... patting yourselves on the back and shit....

Where's all the douches calling BULLSHIT on this like you did YESTERDAY?  Fedakinx or whatever and the Harbinger dumbass?

"One way that they are doing this is through the use of technology.  Thanks to robots, computers and other forms of technology, big corporations simply do not need as many human workers as they used to.  In future years, this trend is only going to accelerate.  I wrote about how this is changing the world of employment in one of my previous articles entitled "Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs?"

*CRICKETS*

We should WANT this.  And you dildos DON'T.  Because it doesn't fit your WAGE SLAVE MENTALITY.

 

Mon, 04/08/2013 - 13:57 | 3422657 McMolotov
McMolotov's picture

When I see people in front of me at the check-out whipping out the EBT card to buy way more food than I am, wearing $150 shoes and towing five kids behind them, I kind of get the impression they're perfectly happy to live on food stamps.

Mon, 04/08/2013 - 14:02 | 3422681 Dr Paul Krugman
Dr Paul Krugman's picture

Ah, yes, the "welfare queens are rich" theory.  Because that makes sense!

Mon, 04/08/2013 - 14:06 | 3422709 Chump
Chump's picture

You don't believe it because your privileged, lily white ass would never step foot in a place where people actually buy things with an EBT card.  It's similar to how you don't care how many seniors on a fixed income starve thanks to ZIRP, because you don't actually know any seniors on a fixed income.

Mon, 04/08/2013 - 14:14 | 3422761 Dr Paul Krugman
Dr Paul Krugman's picture

Let's say Bush had privatized the SSTF before 2008 - where would we be now?  So in context having low rates vs a worsening depression - which is worse?

And defaulting on debt; do you really want to see a depression?  Or cutting the food stamp program.  Should we let people starve?

Mon, 04/08/2013 - 14:16 | 3422780 The Juggernaut
The Juggernaut's picture

It was horrible monetary policies, in which you support, that put people into poverty.

Mon, 04/08/2013 - 14:28 | 3422858 Panafrican Funk...
Panafrican Funktron Robot's picture

"Let's say Bush had privatized the SSTF before 2008 - where would we be now?"

Solvent.

"So in context having low rates vs a worsening depression - which is worse?"

It's not an either/or, low rates are worsening the ongoing depression.

"And defaulting on debt; do you really want to see a depression?"

I would suggest that the Swedes/Scandanavians in general, who gave you your Nobel Prize, are a good model if we continue with non-gold backed fiat currency. 

"Or cutting the food stamp program.  Should we let people starve?"

1.  People are starving in spite of EBT cards.

2.  Churches/nonprofits do a tremendous job of filling this gap.  Second Harvest is a good example.

3.  EBT cards are very often traded for liquor, cigarettes, and drugs on the black market, normally at a 2:1 ratio ($100 EBT card gets you $50 in cash or drug equivalents).  

Mon, 04/08/2013 - 15:13 | 3423130 Vashta Nerada
Vashta Nerada's picture

If Bush had privatized SSTF in 2008 and bought SPDRs, we would be in the green right now.

Mon, 04/08/2013 - 16:04 | 3423401 A Nanny Moose
A Nanny Moose's picture

So in context having low rates vs a worsening depression - which is worse? ....defaulting on debt; do you really want to see a depression?

False dichotomy. Presumes we would still be in a depression had we simply defaulted, and allowed the malinvestment to clear. Also presumes that more debt is the solution to too much debt, and precludes the notion that low interest rates are what led us here in the first place.

Or cutting the food stamp program.  Should we let people starve?

Doubling down on false dichotomy with a dash of hyperbole. When have people actually starved in this country? Other than that time where FDR destroyed crops and livestock (in the middle of the dust bowl BTW), in order to keep prices high, while simultaneously devaluing the dollar by 75%.

Mon, 04/08/2013 - 16:32 | 3423545 Chump
Chump's picture

And his is what passes for an enlightened economic mind.  Sad times we live in.

Mon, 04/08/2013 - 14:12 | 3422749 McMolotov
McMolotov's picture

Dr. K., you don't inhabit the same world us ordinary working shmucks do. When's the last time you were in a Walmart, walking among the herd? There are the legitimate poor, and there are those who take advantage of the system. Based purely on what I see at the store, it's likely a 50-50 ratio at this point, and it's extremely easy to spot the leeches.

I likely qualify for some government giveaways. I have too much self-respect to partake in all that "free money," but I know for a fact that if someone else were paying for my food, I would be comparatively richer.

Mon, 04/08/2013 - 14:17 | 3422777 Dr Paul Krugman
Dr Paul Krugman's picture

I take the train from NJ to NYC.  I buy bread at the grocery store.

And as for you not using food stamps, well, good for you.  Do you want a cookie?

Mon, 04/08/2013 - 14:26 | 3422849 dick cheneys ghost
dick cheneys ghost's picture

How long have you been on the CIA payroll?

Mon, 04/08/2013 - 14:47 | 3422980 Pure Evil
Pure Evil's picture

You may take the train from NJ to NYC, but I bet you don't stop off to do your shopping in Newark or Jersey City.

Mon, 04/08/2013 - 15:49 | 3423321 strangeglove
strangeglove's picture

I think PK is Moarr evil than you Pure, Sorry

Mon, 04/08/2013 - 14:29 | 3422863 ParkAveFlasher
ParkAveFlasher's picture

"Let them eat artisanal cupcakes." - Paul Krugman, of the bridge and tunnel crowd

Mon, 04/08/2013 - 14:33 | 3422884 McMolotov
McMolotov's picture

LMAO.

"I shop at Whole Foods. I am a man of the people."

Mon, 04/08/2013 - 14:54 | 3423019 Pure Evil
Pure Evil's picture

Yeah, I'd like to see him shop at some of the Walmarts in Jersey City or Newark. He'll become so discombobulated by what he sees he'll want to pack up his bags and take up residence in lily white South Dakota.

Mon, 04/08/2013 - 15:32 | 3423249 EINSILVERGUY
EINSILVERGUY's picture

Well lets hope that real soon you and your cat are sharing the same can of Friskies on a regular basis

Mon, 04/08/2013 - 16:06 | 3423409 Buckaroo Banzai
Buckaroo Banzai's picture

The KrugTroll is on the case!

Mon, 04/08/2013 - 16:09 | 3423425 A Nanny Moose
A Nanny Moose's picture

Do Dean & Deluca, or Citarella really county as "grocery stores?"

Mon, 04/08/2013 - 14:36 | 3422905 Agent P
Agent P's picture

From my observations, I'd say 50/50 is being generous for SNAP needers vs. greeders (I'll see your $150 sneakers and raise you iPhones, jewelry, and a $40k+ automobiles)...I don't even want to guess what the ratio is in the disability program.

Mon, 04/08/2013 - 14:14 | 3422764 adr
adr's picture

They believe they can live without consequence because the government will alway be there to pay for thier lifestyle.

My unemployed neighbor is pregnant with her sixth kid at the age of 30, from three different fathers, she just had her last kid 11 months ago.

One of the fathers lives with her, he makes $23k a year and brought two kids from a previous marriage. With his meager salary and her welfare benefits they can afford to live in a neighborhood with an average salary of $50k, have two cars less than three years old, give each kid older than five a cell phone, have three Xboxs, a 55" Vizio TV in the living room, a 47" in the den, and a 40" in the basement. They don't have to pay for electricity, gas, or water. All is taken care of through government programs. With the EIC money they get this year, they are taking the kids to Disney World.

So no, they aren't rich. But they live better than just about anyone else on the street that actually works for a living.

Whe you don't need to pay for rent, water, electricity, gas, cell phones, or internet you don't need to be making much money to have a load of disposable income.

Mon, 04/08/2013 - 14:33 | 3422872 McMolotov
McMolotov's picture

I must live down the street from you!!!

Either that, or this shit's way more common than Special K wants to admit.

 

 

(He's special in the short bus sense of the word.)

Mon, 04/08/2013 - 15:20 | 3423182 BlackChicken
BlackChicken's picture

Dude that is just funny.

"Special K" is a perfect nickname for that little bitch if I ever heard one.

Mon, 04/08/2013 - 15:26 | 3423209 akak
akak's picture

I think Krudman would be more like "Special K with Red (Ink) Berries".

Mon, 04/08/2013 - 15:38 | 3423280 Zymurguy
Zymurguy's picture

See that's my problem, I'm saving for 3 kids education so they don't have to go in debt for it.  I'm not planning on taking from others so I can live my life.  I'm paying a shit load of taxes on everything I do, eat, throw away and use.  I've got a mortgage on a fixer upper house and have two cars in excess of 10 yrs old each... can't even think about a $500/mo car payment for a new car.  With the new taxes this year we're seeing our check book declining... not increasing as it was.

They've tipped my family over to the getting poorer by the month side.  It's just a matter of time before we end up having to sell out and move to a smaller place, etc. that we can afford.  Sure as hell won't be buying a new car anytime soon.

Mon, 04/08/2013 - 14:32 | 3422876 Ness.
Ness.'s picture

The last remaining resident of the recently torn down gang/drug infested housing project, Cabrini Green in Chicago, was a 45 year old unemployed single mother of 14 children.  She protested for 2 weeks by refusing to leave peacefully (even though the city gave all resident's 12 months warning) stating that her new government housing was "not up to her standards".  Through her tears she stated "this place is all I know - I am the third generation in my family to be raised at Cabrini."

Ah, yes - the old and truly laughable 'nobody on welfare want's to be there' theory disproved again.

 

Mon, 04/08/2013 - 15:01 | 3423059 Pure Evil
Pure Evil's picture

Ah yes, welfare is just good ole southern plantation slavery with a new twist. Instead of pickin' cotton they sell crack to keep their brothers in another type of slavery. And just like in the good ole days when they sold your baby's daddy to a new plantation master now they just sell their souls to the modern plantation equivalent called prison.

Mon, 04/08/2013 - 16:30 | 3423538 eatthebanksters
eatthebanksters's picture

Dr. Krugman, if you would do three things you might have a clearer view of the world:  1.  Take a walk down the stairs of your elititist ivory tower and stroll around the real world, 2. Let out a big fart - it will clear the shit out of your head, 3. Pull real hard on your ears until you hear a pop and your head is out of your ass.  Cows are dumber than rocks and you my friend are dumber than a cow.

Mon, 04/08/2013 - 18:25 | 3424000 DontKnow
DontKnow's picture

lol, i make a good amount of money and my gf is on food stamps because she gets paid under the table.  i figure its my money they stole and i want it back.  the ebt dept doesnt seem to care that we live 4 blocks from the beach and have spare bedrooms.

Mon, 04/08/2013 - 14:25 | 3422787 Chupacabra-322
Chupacabra-322's picture

@ McMolotov,

I was having this conversation with my accountant yesterday.  Yea, technically speaking a person fired from thier job where thier making a million dollars is "Entitled" to their benefits.

Different person making $35,000 a year is also "Entitled"

They paid into the disfunctional system so yea, thier both Entitled. 

 

We're sooooo FUBAR. 

Mon, 04/08/2013 - 14:02 | 3422678 slightlyskeptical
slightlyskeptical's picture

But yet you back the Fed printing all that money for the banks. How about printing it for the people...job programs...debt relief.. small biz funding... So much that could be done but isn't because the banks still need to be bailed out. Not sure how you can continue to think that what is happening at the Fed is in the best interest of the American people.

Mon, 04/08/2013 - 14:01 | 3422690 Dr Paul Krugman
Dr Paul Krugman's picture

I have repeatedly backed the above - stimulus for jobs programs, et al.

Mon, 04/08/2013 - 14:08 | 3422713 derek_vineyard
derek_vineyard's picture

hey, fake krugman....you dont even provide humor here.  come to the gym so i can hard foul you over and over.  pussies always are targets of hard fouls.  oops. i just gave you the attention you so deeply crave, because you can't get an erection. 

Mon, 04/08/2013 - 14:24 | 3422829 slightlyskeptical
slightlyskeptical's picture

Nice dude. beat up on those you don't agree with. That will really fix things.

Mon, 04/08/2013 - 14:37 | 3422901 Chupacabra-322
Chupacabra-322's picture

@ slightlyskeptical,

Yup, Divide & Conquer/Halgalian Dialect at work. 

Mon, 04/08/2013 - 14:22 | 3422818 slightlyskeptical
slightlyskeptical's picture

So you agree the Fed is using the money in the wrong way?

Mon, 04/08/2013 - 14:26 | 3422844 Dr Paul Krugman
Dr Paul Krugman's picture

The Fed is using monetary policy.  I think Congress needs to use fiscal policy to provide more stimulus.

The Fed has nothing to do with fiscal policy, that is left to Congress.

Mon, 04/08/2013 - 14:33 | 3422885 jayman21
jayman21's picture

You alwasy leave out throwing the savers who are retired under the bus.

Mon, 04/08/2013 - 15:31 | 3423241 Arrowflinger
Arrowflinger's picture

Yeah, we don't count because we are the few, the proud, the frugal. Krugman and Bernanke have no comprehension of the damage they have inflicted on society by making war on the bedrock of the economy, the society, and the nation.

 

 

 

 

 

Mon, 04/08/2013 - 14:41 | 3422933 slightlyskeptical
slightlyskeptical's picture

I don't get it. The fed can buy mortgages and get that income stream from consumers, but cannot turn around and offer some relief to those that provide that income stream? I am not buying it.

Mon, 04/08/2013 - 14:44 | 3422958 moroots
moroots's picture

Then explain how the Fed govt spends roughly $3.7 trillion per year, while only raising about $2.4 trillion in taxes (my figures are rought but for illustrative purposes they work).

Do you honestly think the gap is filled only with borrowing from external creditors (i.e. without printing)?

 

Mon, 04/08/2013 - 14:48 | 3422961 Lore
Lore's picture

Fiscal policy is like taking a nail clipper to government spending. Government is overstepping its mandate. We need to see vast reduction in its size and scope. Existing structures are useless to enact reforms of the type and on the scale that's needed. Quite the contrary: vast amounts are being spent on initiatives to expand bureaucracy into every aspect of our lives. Government is no substitute for productive enterprise. The notion that recovery comes from government policy is strangely naive and probably comes from people who have never experienced entrepeneurship and competition personally. If there is to be competitiveness again, it needs to begin with removal of government. Big government is antithetical to social and economic stability.

Mon, 04/08/2013 - 14:18 | 3422726 Lore
Lore's picture

Here's a Canadian perspective. I recruited data entry operators for a project. Most came from welfare complexes.  One woman was the first in three generations to hold a job.  She was a nice gal and good worker too, but her neighbors at home ostracized and intimidated her, made her life hell, even threatened her children. Another woman was trying to get off an indian reservation but was told that she would lose custody of her daughter if she kept the job.  Living at home doing nothing, she took home more cash and enjoyed a smorgasboard of courses and programs on the back of the taxpayer.  They didn't like her trying to be a good mom, because it would take her out of the system. Being a student is okay; working isn't. Social workers showed up at odd hours in order to look for problems and pad their "caseload."

Day Care was actively encouraged. Remember when we used to frown on Day Care?  That was what RUSSIANS did!

Almost all of the applicants were single moms. The fathers were a mystery, like ships passing in the night.

Mon, 04/08/2013 - 14:30 | 3422861 CH1
CH1's picture

Thank you Lore.

I always prefer real data from real life to guv stats.

Mon, 04/08/2013 - 15:08 | 3423044 Lore
Lore's picture

I'm glad it you get some value. My feeling from working with people dependent on government programs is the problem is GOVERNMENT. The best thing that policymakers could do to support creation of real jobs is to set aside their ideology and egotistical God complex, get out of the way and let the market work. That applies to central bankers, too: quit your tinkering, give us sound money and GET OUT OF THE WAY. Our present course leads to POVERTY AND TYRANNY.

Mon, 04/08/2013 - 16:03 | 3423385 RockyRacoon
RockyRacoon's picture

The real problem seems to be the government overseers intent upon keeping THEIR jobs by herding the recipients of government largesse.   Their jobs depend upon others not having one at all.  If the government would cut back on the oversight and the enticements, the prevalence of those on "welfare" might decrease.  Just a knee-jerk reaction to your comments.

Mon, 04/08/2013 - 16:34 | 3423558 Vagabond
Vagabond's picture

This is how you solve the welfare problem:  Anyone who pays taxes gets worker-credits.  Anyone on the dole must do work to get their welfare.  Since I pay taxes I get someone to mow my lawn for me, or do some menial data entry if they are qualified.  Stop giving people something for nothing, and start giving people the opportunity to earn their welfare.

Mon, 04/08/2013 - 17:27 | 3423822 Miffed Microbio...
Miffed Microbiologist's picture

Rocky, you are probably correct in this assessment. However I think this is primarily in the upper echelons of government concerned with their own power base. I know a few people who hold key positions in San Diego Health and Human Services and I don't get that impression from them. They certainly make far more money than I and have fabulous benefits that I could only dream. Frankly, if I am truly honest with myself, my job depends on those who are sick and diseased. The societal climate today makes my field more lucrative. We'd all be better off if my services we unneeded and I was unemployed.

Miffed;-)

Mon, 04/08/2013 - 16:36 | 3423533 Vagabond
Vagabond's picture

Do you know anyone on foodstamps?  I know several people on foodstamps and several more that have applied for foodstamps when they have no trouble eating so that they can get something for nothing.  There are many people on foodstamps working under the table and reporting no income and thus paying no taxes.  Your solutions do nothing but increase this problem.  Fuck yourself and your terrible, insane, near-sighted thought process.

Mon, 04/08/2013 - 13:50 | 3422618 resurger
resurger's picture

Go troll NY times

Mon, 04/08/2013 - 13:54 | 3422640 Dr Paul Krugman
Dr Paul Krugman's picture

You go troll NYT.

Mon, 04/08/2013 - 13:59 | 3422668 resurger
resurger's picture

 if you teach me how to be bullisht, i will delete my ZH account.

Mon, 04/08/2013 - 14:02 | 3422691 1100-TACTICAL-12
1100-TACTICAL-12's picture

Krugman I'd like to hold your arm's behind your back, & let Ron Paul beat the shit out of your stupid ass..

Mon, 04/08/2013 - 14:17 | 3422783 Chuck Walla
Chuck Walla's picture

 

Krugman vs Krugman

 

Hack editorialist Paul Krugman attacked Jim Bunning last week for blocking the extension of unemployment benefits. Krugman said “What Democrats believe is what textbook economics says”, namely that the government should keep paying unemployment benefits.

There’s just one problem. As James Taranto pointed out, a Nobel Prize winning economist has written a very popular textbook that points out exactly what Republicans are saying — “Public policy designed to help workers who lose their jobs can lead to structural unemployment as an unintended side effect . . . . Generous unemployment benefits in some European countries are widely believed to be one of the main causes of “Eurosclerosis,” the persistent high unemployment that affects a number of European countries.”

The author? Nobel Prize winning economist Paul Krugman and his wife Robin Wells.

 

 

FORWARD KRUGIE'S SOVIET!

Mon, 04/08/2013 - 14:23 | 3422830 Dr Paul Krugman
Dr Paul Krugman's picture

Like so many attacks, this is being taken out of context.

If we are at full employment then yes, it is not helpful to offer increased benefits.  But if we have high structural unemploment, like we currently do, then it is harmful to reduce benefits.

Mon, 04/08/2013 - 14:35 | 3422895 jayman21
jayman21's picture

Do believe in creative descruction?

 

Should we still be using buggy whips?

Mon, 04/08/2013 - 13:52 | 3422621 Meat Hammer
Meat Hammer's picture

Dr Paul "cart before the horse" Krugman.  

Your picture is creepy.  If I saw you looking at my kids I'd punch you so hard the dried up banker jizz would explode out of your mangy beard.  

How's that for ad hominem, you tweed jacket wearing, earl gray sipping, Volvo station wagon driving, leftist prick?

Mon, 04/08/2013 - 13:57 | 3422658 fonzannoon
fonzannoon's picture

That was about as good ad hominem as it gets. Keep it up.

Mon, 04/08/2013 - 14:01 | 3422676 Dr. Richard Head
Dr. Richard Head's picture

Here, here!  I will join you in the festivities and break some of his fucking windows too!

Mon, 04/08/2013 - 14:02 | 3422679 McMolotov
McMolotov's picture

His picture shows the smirk of someone who knows deep down inside that he's full of shit. He thinks he's getting away with something. It's the same look kids give parents when they think they're pulling one over on them.

Mon, 04/08/2013 - 15:11 | 3423094 Pure Evil
Pure Evil's picture

Personally I think Tyler should give this guy his own daily column so that we could take whacks at him on a daily basis instead of when he decides to crawl out of the woodwork.

Scuttle along little cockroach I'm about to turn the lights on.

Mon, 04/08/2013 - 14:02 | 3422692 adr
adr's picture

If you cut food stamps and take away the wonderfull government safety net, well then people will have to figure out how to support themselves again. Figure out how to be of some use.

Welfare does not prevent poverty, it guarantees it.

Without the state holding everyone's hand, people will need to turn back to close knit communities and take care of their own. Sure the whole centrally planned economy will go down, you can't support Wall Street without welfare. We'll be better off in the end.

The labor market wil heal because the value of production will return. Unless wages can support consumption, the economy will continue to collapse.

We either destory the central authority, and return to a diverse community based economy, or we bow to the central authority, lose all freedom, and accept whatever role the government assigns.

There is no middle ground to stand on. You either move towards freedom, or move towards slavery. History is the wave sloshing between the two points.

Mon, 04/08/2013 - 14:08 | 3422721 Dr Paul Krugman
Dr Paul Krugman's picture

Turn to a world without governments and let the poor die while the rich survive. 

Sounds grand.

Mon, 04/08/2013 - 14:15 | 3422772 Dr. Richard Head
Dr. Richard Head's picture

Actually, the policies your promote are enabling that exact thing to happen today.  Shut the fuck up you tit-faced, water carrying, elitist scum bag father-fucker.

Mon, 04/08/2013 - 14:27 | 3422851 hooligan2009
hooligan2009's picture

heh..made me snort my coffee..and it was worth it..(i think its a clone of vladimir ilyich lenin)

Mon, 04/08/2013 - 15:08 | 3423106 Pure Evil
Pure Evil's picture

Wait, I thought it was the elites that wanted to eliminate all the useless eaters.

Mon, 04/08/2013 - 15:16 | 3423157 Lore
Lore's picture

Krugman: "Turn to a world without governments and let the poor die while the rich survive."  <-- Prepare to have your words thrown back at you in a few years.

Tue, 04/09/2013 - 01:07 | 3425195 eatthebanksters
eatthebanksters's picture

The first piano wire and the closest lampost is reserved for Dr. Krugman.

Mon, 04/08/2013 - 14:18 | 3422801 Chuck Walla
Chuck Walla's picture

 

Turn to a world without governments and let the poor die while the rich survive. 

Sounds grand.

 

 

Sounds very UN Agenda 21, Fabian, Obamian, NWO.

 

 

FORWARD SOVIET!

Mon, 04/08/2013 - 14:21 | 3422806 InTheLandOfTheBlind
InTheLandOfTheBlind's picture

is that why you are working for these ends?

Mon, 04/08/2013 - 14:23 | 3422832 adr
adr's picture

Most rich can not produce anything of value, and will most likely be the first to be killed by the poor that can not produce anything of value.

So both ends of the welfare class will cease to exist.

I never said everyone will survive. That is kind of implied with "learn how to provide something of value".

Millions of people used to drop dead every year, in many countries they still do. Nature is a self correcting mechanism. Trying to fight against it ensures total destruction.

But getting off the big picture, you do know the collective local churches do more to actually help the poor than the total of the US government.

Mon, 04/08/2013 - 14:37 | 3422904 CH1
CH1's picture

Turn to a world without governments and let the poor die while the rich survive.

LOL... even passing up the massive lie that statement is...

And the current system does what? Grinds the poor, rewards the fascists and bleeds everyone else dry.

I'll take door #1 Krugie. At least that way I can take care of myself, then do something for those who suffer undeservedly.

Mon, 04/08/2013 - 14:39 | 3422928 JailBank
JailBank's picture

Actually Krugie the poor would kick in your door and take what they want, since there are more poor than rich. I am guessing this is one reason limo libs like yourself are so heard up to snatch up weapons from the populace.

Mon, 04/08/2013 - 14:18 | 3422803 docj
docj's picture

Welfare does not prevent poverty, it guarantees it.

Best single-sentence summary of social policy I've ever read. And it's only missing two words...

Welfare does not prevent poverty, it guarantees it by design.

Mon, 04/08/2013 - 14:30 | 3422847 RafterManFMJ
RafterManFMJ's picture

Yea dude.  They are going to find 100 million jobs in the 60 days it takes to starve. Haven't you heard? The jobs.are.gone. And they not be coming back.  Your comment is pure Candy Land BS; while nice to think about we've reached terminal velocity and your  ideas are at this point impossible.

One of my solutions is to get rid of the property tax.  If you get a few acres, you could then homestead, support yourself and be little or no burden on 'society' and have little need for income.  You won't have an Ipad, unless you name one of your chickens that. Hell, even a low-payment plan subsidy from the .gov could be used to get that initial acre or two.

Your solution, which might have worked in 1955, is untenable pie-in-the sky at this point.  It would lead to the lower classes burning the cities, robbing for survival, and eating each other. And you if you're in range.

This Nation's problems are systemic, the powerbrokers sclerotic, and the people a far cry from the stock of even 60 years ago.

The people on all these programs CANNOT find jobs that don't FIN exist!  Fix the problems of offshoring, toss out the 20 million illegals, etc. Perhaps.  But really, do you think a series of real, substantive changes of this magnitude can happen in our corruptocracy? The answer is, no.

 

Mon, 04/08/2013 - 15:22 | 3423187 Lore
Lore's picture

You nailed it. The money for national triage is going off in myriad other directions.

Mon, 04/08/2013 - 14:06 | 3422710 Missiondweller
Missiondweller's picture

The problem with trying to prop up the economy during recessions/depressions is that you only prolong them hurting the unemployed who have no job prosepects now, but alo for the forseeable future.

Our social safety net was not meant for a long period of malaise that we have created.

You cannot have capitalism without "creative destruction". You have to allow the economic system to cleanse itself of the excess. Instead, we just add more excess.

Mon, 04/08/2013 - 14:13 | 3422747 Winston Churchill
Winston Churchill's picture

Bullisht.

Mon, 04/08/2013 - 14:26 | 3422840 hooligan2009
hooligan2009's picture

do you ever even consider what would happen if people in the private sector actually kept their money and the "state" did not take an ever increasing share of profitable trading activity of the private sector?

how about just automatically cutting spending by 50% from 3 trillion to 1.5 trillion? why is it your view that quality doesn't matter, just quantity?

we are in a depression because the accumulation of fiscal deficits from pleasuring minority groups with fed dollars has proven that the avaialbility of welfare benefits encourages welfare behavior..hence the number of outstanding paternity suits and a growth in the number of single mothers who choose the benefit.

we could get out of this depression by simply allowing the private sector to keep its money and by stopping the cancer of macro economists and federal spending. 

the only thing we are certain of is that government spending results in rip-offs, frauds and an ever growing expenditure on whatever, whatever, project that government undertakes

 

Mon, 04/08/2013 - 14:32 | 3422877 OccupyTVstations
OccupyTVstations's picture

If you're trying to be sarcastic... I don't think it's coming across.

And so the proper recourse is to

  1. Cancel NAFTA, FTAA, WTO, China PNTR, TPP and all that other 'free trade' BS.
  2. Nationalize the TBTF banks, arrest all Executives and Directors... put 'em on an island, 'surivior' style for reality tv fun
  3. Return all foreclosed homes to homeowners, free

It's time to tell the greedy bastards they pushed it too far, we're takin' it back.

Fuck You Hank, Lloyd, Jamie, Ben, Timmy, Dubya, Barry, Pelosi, Kochs, Kerry, Clintons, Angelo.... too many to list.

 

Mon, 04/08/2013 - 14:40 | 3422920 CH1
CH1's picture

the proper recourse is......

To stop feeding any system capable of controlling everyone. Let them all die, along with their programs.

So long as there is a system to control everyone, there will be sociopaths abusing everyone.

Mon, 04/08/2013 - 15:29 | 3423238 Lore
Lore's picture

Good point. The problem of unchecked sociopathy in power does not get enough attention. 

Mon, 04/08/2013 - 14:52 | 3422969 Mine Is Bigger
Mine Is Bigger's picture

Isn't it much better to reverse the privatization of the recent decades and start increasing state-owned enterprises?  We cannot simply stop paying unemployment benefits.  It's better to employ otherwise jobless people at state-owned companies even if it meant a little drop in productivity.  Another upside is any profits will go to the government.  Under the current system, many big companies keep profits to themselves by not paying taxes, yet take advantage of public resources.

Mon, 04/08/2013 - 14:47 | 3422979 earnyermoney
earnyermoney's picture

Depression?

 

When's the Old Gray Whore gonna run that headline above the fold of the front page? Barry sez we're in a recovery.

Mon, 04/08/2013 - 14:53 | 3423012 Kaiser Sousa
Kaiser Sousa's picture

Hey guys ive been trying to stay out of this shit but i gotta ask...

can u all stop responding to the thoroughly discredited noble prick winning dumb ass cause its causing me to scroll down further and further to view many commentors that i have respect for...

 

PLEASE STOP ENABLING THAT MOTHER FUCKER!!!!!!!!!

Mon, 04/08/2013 - 15:19 | 3423170 yrbmegr
yrbmegr's picture

I wonder who this person is claiming to be Dr. Paul Krugman.

Mon, 04/08/2013 - 16:00 | 3423374 DutchR
DutchR's picture

"It is true, we are in a depression,"

 

Oops  

Mon, 04/08/2013 - 16:42 | 3423589 Roandavid
Roandavid's picture

No, the proper recourse is to kill the Fed.

Stop paying interest on a debt that should not have ever been created in the first place.

Excercise anti trust laws to break up the banks.

Excercise anti trust laws to break up the media industry.

Establish a low rate flat tax on all income from every source above a very high personal deduction of say $20,000-$25,000, disallow all deductions for everything else including local taxes, charitable contributions, baby making and mortgage interest, count benefits as income.  

Base corporate taxes and accounting principles on a cash, in cash out basis, disallow depreciation and depletion allowances, retire from lending money to loser Democrat favorities, a la Fisker.

Abandon dreams of empire and bring home our military.  A billion or so Muslims and 4 to 6 million Jews is about a fair fight, as is Germany/Russia and China/Japan.

Leave the house of Saud to the tender mercies of their own people.

Hold a fair trial and then a hanging for the Corzines and Dimons of this world along with their fraudulent Nobel Prize winning shills in the press.

Problem solved.

Mon, 04/08/2013 - 19:21 | 3424171 archon
archon's picture

FUCK YOU, KRUGMAN!

hahahahaha....   d@mn, that felt good.

Mon, 04/08/2013 - 14:58 | 3423035 css1971
css1971's picture

Oh, you mean like Japan did for the last 20 years?

http://chart.finance.yahoo.com/z?s=^N225&t=my&q=l&l=off&z=l&a=r14

See those bumps? Those are firehoses of money. Didn't last very long did they? Couple of years maybe to peak. See, they borrowed money into existence in order to fill the hoses. Thing is that created an equal amount of debt... And debt is the problem.

No. What the US and Japan need to do is repudiate the debt. You can do that by printing paper not credit, or through bankruptcy proceedings. Either will work.

Mon, 04/08/2013 - 14:06 | 3422714 OccupyTVstations
OccupyTVstations's picture

Ever Notice how nearly every post / comment on the web- whether red, blue, or awake- can be summed up with, "we're fucked, the coming one world gov is inevitable", and the only solutions are:

  • Move to another country
  • Buy gold and bury it
  • Become a survivalist and worry about yourself
  • all of the above

Yet nowhere, it seems, does anyone have any thoughts on how we can actually save humanity from this evil pit of doom.

There are plenty of possible options:

  • Every website puts up a "Vote of No Confidence" banner... ie kick out all the phony pols from DC- no vote, just get the fuck out... encourage them with: resign or be prosecuted
  • Maximum Wealth = 100 million dollars. We have min wage.. why not this... anyone here worried about the wealth tax on your (offshore) bank accts, have no fear... unless your a billionaire. With $32 Trillion in stashed in the Caymans... this would probably free up many trillions to immediately ease the 'debt crisis'
  • Educate the 'occupy movement' on how to identify disinfo spooks... then restart occupy everywhere... and have them march to the freakin tv and radio stations, getting the truth on the station would change everything. If the millions of families that have been foreclosed on.. knew the whole truth about the robosigner-MBS-CDS scam... Lloyd and Jamie would have to pull a ken lay and 'die' suddenly... or else they would actually die suddenly.
  • A special forces squad takes over cayman bank, rockefeller center, cnn HQ...
  • Remember the porn durning the superbowl... someone could play a truth clip during NCAA finals, NBA playoffs....

There are so many viable avenues where we can actually try and win... everyone: stop being so defeatist... fuck hiding in a hole and worrying about yourself.. blog comment about pro-action... like arrest the god damned banksters and turn this world around.

thank you.

Mon, 04/08/2013 - 14:13 | 3422758 Al Huxley
Al Huxley's picture

Your optimism is admirable in a way, but you're underestimating the complacency of the population and the power of your opponent.  THis is why we are all fucked, with very few ways out.

Mon, 04/08/2013 - 14:42 | 3422944 ParkAveFlasher
ParkAveFlasher's picture

"maximum wealth" ... lmao ... hey bro if you want to be poor, no one will stop you.

I for one, would like to be as wealthy as possible within my own moral pretext.  If your cap is $100MM, you can stick to it YOURSELF.

Mon, 04/08/2013 - 14:43 | 3422949 adr
adr's picture

I turned an absolute nothing of a US branch of a company into a $40 million a year enterprise. It wasn't easy and we had to drag US retailers kicking and screaming to get our product in the door. It helped that the whole publicly traded stock thing wasn't going so well from late 2007 to 2009.

We actually had three of the top 10 most checked out items (outside food products) at Walmart, Dick's, Hibbett's, and Target. Try and figure out the math of their earning reports if three of the top ten most checked out products resulted in wholesale buys of less than $40 million.

There was a huge push for us to take the company public in 2010. The company is a wholly owned subsidary of a private foreign corporation, so going public wasn't really in the cards. When it became apparent that we weren't going public, buyer excitement began to wane, even wit increasing sales. By mid 2011 buys were cut in half and our space was given mosty to Skull Candy.

See even with being one of the most checked out items, we could only generate a few million dollars per year for the retailer. How much do yu think corporate retail directors made on Skull Candy stock? I'd wager a lot more than the real dollars my company produced through sales.

Mon, 04/08/2013 - 15:34 | 3423254 Lore
Lore's picture

That is interesting. I suspect the books of most major retailers would be an adventure in sleight of hand.

Mon, 04/08/2013 - 15:00 | 3423005 Chupacabra-322
Chupacabra-322's picture

Al Huxley,

World wide mass arrests of The Global Criminal Cabal (Bankster/Intelligence) Crime Syndicate needs to occur.  Much like they did to The Nights Templar. 

Problem is, the Banksters have put all their "Agent Smiths" in all different levels of Political, Educational, Economic, Religious and Governemental institutions which they themselves Criminally control and control mankind.

Total Full Spectrum World Domination.

Game, Set, Match.  These Criminals are Las Vegas going "All In."   

Mon, 04/08/2013 - 14:59 | 3423054 OccupyTVstations
OccupyTVstations's picture

underestimating the complacency of the population

i disagree... they are uninformed and on fluoride water/pills

<--- hence the moniker... When the people find out what these bastards have done....

and the power of your opponent.

There are more of use than there are of them... let their hubris be their downfall.

One option = re-enact ending of MicMacs (french film) with Koch Bros, or Bill Clinton & Dubya, or Ben and Timmy

Why is the prevailing meme, "just give up" ... manufactured consent? brainwashing?

Plus, why are the (ex) military so complacent... they're the ones that swore an oath to defend our freedoms... wish at least a few of them would live up to that.

Mon, 04/08/2013 - 15:20 | 3423175 yrbmegr
yrbmegr's picture

I wonder who this person is claiming to be Aldous Huxley.

Mon, 04/08/2013 - 18:51 | 3424086 Al Huxley
Al Huxley's picture

I just chose it because his 'Brave New World' has, until recently been such a good description of what the Western World has devolved into.  But lately, as things get tighter and the game winds down, the trend seems to be a lot more Orwellian - eg 'if we say unemployment is 7.6% then it's 7.6%, and don't fuck with the powers that be if you know what's good for you, or you'll find yourself with your face strapped to a rat cage'.

Mon, 04/08/2013 - 14:11 | 3422744 Al Huxley
Al Huxley's picture

Only problem with that scenario is that then that '1 in 3 not working number would be better.  I'm pretty sure under-employed still counts as 'employed' here in Orwellia.

Mon, 04/08/2013 - 14:21 | 3422819 1100-TACTICAL-12
1100-TACTICAL-12's picture

Orwellia... I like that.. Seems to me we are in a 1984 / Brave New World Hybrid combo , While on the way to Animal Farm.

Mon, 04/08/2013 - 18:46 | 3424070 Al Huxley
Al Huxley's picture

I agree - Brave New World for anybody who plays along, 1984 for the dissenters.

Mon, 04/08/2013 - 14:18 | 3422804 Larry Dallas
Larry Dallas's picture

Sex always sells...

But who cares? O has everyone on the dole. Its not like anyone is starving to death. More or less being fed crappy food to death.

Mon, 04/08/2013 - 22:53 | 3424879 dark pools of soros
dark pools of soros's picture

what Dad?  strippers and drug dealing boyfriends

Tue, 04/09/2013 - 11:53 | 3426757 Iconoclast
Iconoclast's picture

Hahaha brilliant, I shouldn't really laugh but it was George Carlinesque in your delivery.

Tue, 04/09/2013 - 11:56 | 3426773 Iconoclast
Iconoclast's picture

Hahaha brilliant McMolotov, I shouldn't really laugh but it was George Carlinesque in your delivery.

Do NOT follow this link or you will be banned from the site!