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Chart Of The Day: What's Bad For America Is Good For... Washington, D.C.

Tyler Durden's picture





 

Much has been said about how the median household income in the US has gone nowhere since the great financial crisis (and in real terms has been declining for the past decade). We won't add much to this topic suffice to say that please don't take your declining income grievances to Washington D.C. for the simple reason that, as the chart below shows, what's bad for America is good for its (heavily lobbied) politicians.

h/t @TTMYGH

 


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Tue, 12/03/2013 - 14:50 | Link to Comment RSloane
RSloane's picture

The engineer's name was Rockefeller. Your analogy is complete.

Tue, 12/03/2013 - 15:19 | Link to Comment Gringo Viejo
Gringo Viejo's picture

I was born in the DC suburb of Alexandria, Va. in 1950.
I left in 1969 when I joined the Marines. In the last 40 plus years I've returned to vist about a half dozen times.
Words cannot convey what a putrid cesspool of corruption, greed and self-seeking Washington is. In some sense, the people that live there deserve one another. They are cretins

Tue, 12/03/2013 - 15:29 | Link to Comment Jack Burton
Jack Burton's picture

Totally agree. The smug people can afford to be smug. Our tax dollars are feeding them like pigs. They have no job insecurity. No health care worries. No problem with retirement futures. All is taken well care of by the tax payer. I have a girl friend whose brother works there as a major official for the Federal Prison system. His postion has to do with giving out contracts for services and goods to the system. I need not tell you what comes to him under the table. No it is not legal. But how does anyone know his trips to Vegas are not paid for by himself?

Tue, 12/03/2013 - 15:41 | Link to Comment rfaze
rfaze's picture

May the odds always be in your Favor.......

Tue, 12/03/2013 - 16:14 | Link to Comment Gringo Viejo
Gringo Viejo's picture

@Jack: As the Fonz would say..."exactomundo!" +100

Tue, 12/03/2013 - 16:25 | Link to Comment markovchainey
markovchainey's picture

Can someone help me out with a way to exorcise my soul/conscience so I can work for Uncle Scam and rake in the big bucks?  My dumb ass did work for a government agency for about 3 months one year and it was the most soul crushing (and immoral) job I've ever had...I'd really like to take another one without coming home each night and wanting to stick my shotgun in my mouth.  A little help please?

Tue, 12/03/2013 - 16:26 | Link to Comment midtowng
midtowng's picture

I guess it's time to look for work in D.C.

It's like fighting a bull market in stocks. There is no profit in it.

Tue, 12/03/2013 - 14:37 | Link to Comment Againstthelie
Againstthelie's picture

Be good Democrats and do love your Democracy!

Tue, 12/03/2013 - 14:55 | Link to Comment NoDebt
NoDebt's picture

I know it's popular around here to say "it doesn't matter who's in office."

But just this one time, why don't we try removing a sitting president from office and just see what happens?  He can take all of Congress with him on his way back to Chikenya, too.

I think the results might prove more productive and more positive for regular Americans than we would imagine.

Tue, 12/03/2013 - 14:39 | Link to Comment Trucker Glock
Trucker Glock's picture

This guy says everything is good.  Personally, I think he's full of shit.

http://www.fool.com/investing/general/2013/11/29/everything-is-great-and...

Tue, 12/03/2013 - 14:42 | Link to Comment squexx
squexx's picture

Suicide rates are up. If you MUST commit suicide; I know a bunch of hooked nose, beanie wearing, cabal of politicans and businessmen infesting DC and Wall Street that you can take with you!

Tue, 12/03/2013 - 14:43 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

Clown suit, hockey bag full of ammo, love letter to the world.

 

In other news, the state department blew 180k stocking up on booze in front of the government shutdown.

http://www.washingtontimes.com/news/2013/dec/2/last-call-for-liquor-stat...

Tue, 12/03/2013 - 14:50 | Link to Comment CheapBastard
CheapBastard's picture

Internet retail sales soared they report. But my neighbor [who runs a retail store] said theft has also soared and online buyer fraud is astronomical now. He said his store now has to ship almost everything out priority mail with signature confirmation which increases the cost of items and cuts his profit enormously. He said if the internest sales tax thingy passes for all states, he'll be history.

Tue, 12/03/2013 - 15:04 | Link to Comment NotApplicable
NotApplicable's picture

Not if, when.

Tue, 12/03/2013 - 14:43 | Link to Comment Inthemix96
Inthemix96's picture

I was having a conversation with a friend of mine this afternoon as happens about the outright criminality and theft these 'Public Employee's' have at our collective expense, on us of course.

Its the first time in my life I have heard someone who isnt yet fully awake come to the same conclusion I did, as in chop these filthy bastards up with blunt baseball bats and shit down their throats.

To say I was amazed was quite frankly an understatement.  I left his company feeling upbeat and rather amused, as you would like.

Tick tock fuckers.

;-)

Tue, 12/03/2013 - 14:44 | Link to Comment kevinearick
kevinearick's picture

it's not just America...

Object Oriented Abstraction

…the pass the buck, vote each other off the shrinking island game.

Objective-based management / software development DOESN’T F-ING WORK, because somebody, ultimately, must feed its ponzi of diminishing returns on labor. As you can see, all legacy capital can do is print into the resulting disposable middle class workforce, which is paid in debt to hunt down labor as the assigned debtor, with sunk cost technology blowing up in its face.

Gold, dc technology and central banking have all failed, because they can’t “fix” anything but cost. Without labor, all Bank can do is capitalize the middle class implosion, keep patching the process, and hope for a different outcome.

Corporations – GM, Boeing, the lot, produce nothing. They are consumers. They produce no net increase in the standard of living, unless you measure it by toys, TV and manufactured food. Rolling out best-business-practice from parasite union cartels can only have one outcome. Corporations are, and always have been, welfare recipients, which works great so long as they morons walking in front of guns to buy their toilet paper.

Expecting Boeing machinists or management to be reasonable is unreasonable. The airlines exist to feed Boeing, the war machine, not to increase your standard of living, to blow up the middle class at your expense. Planes, trains and automobiles exist to drive urban density, artificial scarcity. You are farther ahead by walking across the country, which is quickly being outlawed.

Bank prints into the stock market to support the bond market, which extracts in both directions, by selling TBTF bonds. In supreme idiocy, the central banks buy each other’s, their own, bonds, while the middle class watches its standard of living fall precipitously.

Funny, how in a world awash in excess oil, America is suddenly exploiting the fracking process, which is ancient. The middle class is simply willing to poison itself to kick the can down the road another day. Does any of this sound familiar? Do you remember DDT?

JFK told American consumers that they were going to have to produce, and they shot him, just as surely as if they had each pulled the trigger themselves. They love their congressman, who brings home the pork, but hate every other congressman, who brings home the pork, always voting for whoever offers more something-for-nothing confidence. Politics is a supply-side consumer confidence game, which is why Congress cannot stop MAD.

Like everything else in a police state, it’s a conspiracy of stupid. Do you remember Teddy selling out his brothers, and anyone else that could make him a buck? Do you remember the cast of morons that entered the scene with LBJ? Did you ever study the history of objective based management in school? Who do you suppose built Silicon Valley?

Google, et al, fighting NSA, Germany upset over IBM…and I’ve got a bullet train capitalizing first responder slumlords from Madera to Fresno to sell you…

When the reward for work is more work at less pay relative to rent, divert into private investment and the system blows itself up. You make the gain at the end of expansion and contraction, the point of origin, which depends upon perspective, the localization of your development.

“Loving your beloved is the way you love God.” (Deepak Chopra MD)

You must make your own way, and neither capital nor the middle class is your friend. The enemy of the enemy is not your friend. Income and property are stepping stones. Never build your home on a stepping stone. Talent is your foundation. It really doesn’t matter what anyone else does, when you can turn a threat into an opportunity, a weakness into a strength, when you can adapt in real time.

The Fed begins its calculations with labor, which it can no more define than it can define life. Labor doesn’t accept the assumption of control. Only the middle class assumes that a monument to stupidity can secure it from the vicissitudes of life, so it can parade its emotions.

Bank can never predict a bubble, because it never knows when or how much of the foundation labor is going to pull out from beneath it. All those resources are waiting for someone to put them back into production, and the old-timers are watching, the regulatory dam circuit. If you haven’t guessed, we are going to blow that dam wide open.

Banks come and banks go, all nothing more than a tiny blip on the screen relative to the likes of CS Lewis. Children are the future. Everything else is a derivative. Invest your development in your children if you want to impact anything that matters, or get in line with the herd to chase the empire’s tail and get run over in both directions.

Let the empire abstract itself into oblivion mapping an irrelevant box. You have much better things to do. Every time the herd penalizes you for integrity, it’s doing you a favor. You want to be distilled out of stupid. If you build your self to withstand the tides of empire, you don’t need money, property or government; they all need you.

Hospital overhead is $4,000 per day per patient, and most of the boomers are ahead of you in line to increase that figure. How much stupid do you need to consume before you get out of that line? Third cut hay at $25 a bale, because the printers in China want it to fill all those empty container ships; go F yourself. How are those pay cuts to feed the bankers working out for everyone?

Tue, 12/03/2013 - 14:46 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

Re:  How are those pay cuts to feed the bankers working out for everyone?

Love it or leave it hippy,  and get a hair cut!!!

Tue, 12/03/2013 - 14:58 | Link to Comment kevinearick
kevinearick's picture

I always get a chuckle when critters begin by saying how great the 70s were...

Tue, 12/03/2013 - 14:44 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

Survival of the fittest, bitchez!

Tue, 12/03/2013 - 16:46 | Link to Comment Trucker Glock
Trucker Glock's picture

Survival of the richest, who can afford to hire and arm the fittest to protect them.

Tue, 12/03/2013 - 14:47 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Earlier this year it was Senator Graham - SC, talking terrorist attacks with "nukes", now the baton is being passed to Diane Feinstein and Graham's Israeli funded partner in crime Mike Rogers.

When the hell will the American people take the responsibility and put an end to the abuse of their money and how it's being used by throwing these bitches and bastards in jail and make it stop so the rest of the World can live in peace?

And this is how you fix it.  "In Case of Emergency Break Open" reflect carefully and do something about it for a change before it's to late for everyone!

https://www.youtube.com/watch?v=GdqIzc4TZAY

Tue, 12/03/2013 - 14:47 | Link to Comment max2205
max2205's picture

This counts a lot of very poor people....FSA!

Tue, 12/03/2013 - 14:48 | Link to Comment LawsofPhysics
LawsofPhysics's picture

hey, at least we know where the cancer is.  So there's that.

Tue, 12/03/2013 - 14:50 | Link to Comment B2u
B2u's picture

Let the middle class eat food stamps....

Tue, 12/03/2013 - 14:52 | Link to Comment Caveman93
Tue, 12/03/2013 - 15:26 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Good.

Maybe this will help expedite a quicker exit for our all volunteer forces?

The paymasters treat them like shit in every other respect.

Why not take away their cheaper food?

It all started 10 years ago with the BRAC closings to pay for our feudal fence lined embassies in Iraq and Afghanistan that now have to be augmented with drug money for the "guns for hire" mercenaries that cost twice as much and screw the GI and taxpayer collectively with the bill that much more.

God we're pathetically fucking stupid.

Tue, 12/03/2013 - 15:01 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

Keep your eye on the ball.

Don't you dare let the corporatistas off the hook.  Many of the corporate banksters and MIC are directly part of the reason for higher salaries in WASHDC.

Keep your eyes focused on the real issue, don't succumb to fighting over crumbs

Tue, 12/03/2013 - 15:52 | Link to Comment Shizzmoney
Shizzmoney's picture

Drones are a big business!  And business is a boomin!

Don't you dare let the corporatistas off the hook.  Many of the corporate banksters and MIC are directly part of the reason for higher salaries in WASHDC.

Bingo.  Wall Street is essentially a branch of DC at this point.  The continued privatization of the US military, agriculture, health care, infastructure.  And of course, all of the lobbyist whore who go back-and-forth between government and the "private" sector.

Both parties in power are communist.  This chart proves it. 

 

Tue, 12/03/2013 - 16:32 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Communist?  In a communist society the state controls/owns the productive capacity.  What we have here is fascism.  Privatize profits, socialize losses...

big fucking difference.

Tue, 12/03/2013 - 16:36 | Link to Comment rustymason
rustymason's picture

At the prole level it's hard to tell.

Tue, 12/03/2013 - 16:34 | Link to Comment rustymason
rustymason's picture

We need a final solution for banksters and politicans. And we will defeat them this time.

Wed, 12/04/2013 - 08:47 | Link to Comment esum
esum's picture

yes and the stupid fucks keep reelecting the same douchebags.... 

example; blacks have suffered under obumbler and voted 99% for a second helping of shit.... may i have another 

sorry i am wrong... they voted 108% for obumbler ..... 

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