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Hilsenrath Confused Midde-Class "Responded Strongly" To "Offensive" Question Why It Isn't Spending
Yesterday, in what he has since dubbed "a tongue-in-cheek and ironic letter" to "stingy" US consumers, Fed mouthpiece Jon Hilsenrath asked, why even though "the sun shined in April... you didn’t spend much money."
He then framed the middle-class' lack of willingness to spend, spend, spend as follows:
We know you experienced a terrible shock when Lehman Brothers collapsed in 2008 and your employer responded by firing you. We know stock prices collapsed and that was shocking too. We also know you shouldn’t have taken out that large second mortgage during the housing boom to fix up your kitchen with granite countertops. You’ve been working very hard to pay off this debt and we admire your fortitude. But these shocks seem like a long time ago to us in a newsroom. Is that still what’s holding you back?
Confusing indeed: it appears the near collapse of the financial system due to $142 trillion in debt, which has since been "fixed" with $57 trillion in more debt...
... wasn't very confidence inspiring.
Hilsenrath then added that 'You should feel lucky you’re not a Greek consumer" and concluded that "The Federal Reserve is counting on you too. Fed officials want to start raising the cost of your borrowing because they worry they’ve been giving you a free ride for too long with zero interest rates."
Because, you see, the Fed is giving the middle class a "free ride", not people such as Wall Street's latest billionaire.
In any event, it appears that in the 24 hours that followed, America's "stingy" middle class decided to write back to Hilsenrath. This is what it said (highlights ours).
HILSENRATH’S TAKE: READERS SOUND OFF ABOUT CONSUMER SPENDING SLUGGISHNESS
Readers reacted strongly to Tuesday’s Grand Central commentary, a tongue-in-cheek and ironic letter to American consumers asking why their spending had slowed in recent months.
Household spending is a real puzzle at this moment. After growing slowly for much of the recovery, consumer spending appeared to be picking up early this year. It rose 3.4% in January from a year earlier, after adjusting for inflation, the fastest pace of the expansion. It seemed to be set to rise at a quicker clip in the coming months, thanks in large part to the recent decline in gasoline prices. Instead, spending slowed through April, a development that is puzzling economists. Why did spending slow early this year when households appeared, finally, to have some wind at their backs?
We asked readers to respond. Here is a summation of what they said:
A number commented on the tone of the commentary. While a small number found the tone to be clever, many found it offensive. Some said the item showed this reporter is arrogant, elitist and out of touch with the challenges faced by many Americans. That spoke to a broader mistrust that many respondents expressed toward a wide array of American institutions, including the Federal Reserve, banks, the media, corporations and the Obama Administration. Moreover many expressed a lack of conviction that the U.S. expansion would last, or that it was spreading prosperity beyond America’s elites. Others described serious continuing financial burdens related to high debts, a rising cost of living, health care costs, and a lack of wage growth.
The item was signed The Wall Street Journal’s Central Banks team. It was conceived and written only by this reporter.
“Interest rates may be zero,” said reader Thomas Eckenrode, “but I know many people with credit card debt of $10,000 paying 15%.” He added student debt is an even bigger burden for his family.
“Simply put the middle class is debt ridden and struggling,” said reader Nate York. “Many people are hunkering down instead of casually spending.”
In a twist, car dealers Tuesday reported sales in May hit a 10-year high. That might be the first concrete sign of an actual pickup in spending this year. Judging solely from the responses of Wall Street Journal readers, however, you should not expect a big spending rebound. They say a deep undercurrent of mistrust and economic strain still holds back many Americans, regardless of what the numbers say.
In conclusion all we can add is that we are surprised Hilsenrath did not end with Obama's favorite aphorism: "Do not get cynical. Hope is the better choice."
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WE ARE BROKE BITCH!!!
WAITING FOR THE HELICOPTER
What a dumbfuck! Stagflation fascist fucker....with hyperinflation coming.
RIPS
And even in his fake mea culpa, Hilsenrat deliberately hides the fact that the increase in auto sales is due to people taking out more debt on ever longer-term loans.
http://www.zerohedge.com/news/2015-06-02/auto-sales-reach-10-year-highs-...
At this rate, we'll see interest-only option ARM loans for cars soon enough.
Lets get cynical! Cynical!
Lets get cynical! *to the tune of 80s pop music*
Tax burdens, what's so confusing about those?
You can call it a sales tax, a bedroom tax, Obamacare, whatever you want, but if it cost you money, it MUST be a tax!
We are TAXED TO THE MAX & that's the bottom line you blood sucking leeches...
https://youtu.be/V9AbeALNVkk
Funny, my debts have somehow managed to avoid the magic of ZIRP.
Where, oh where is this magical Main St. ZIRP of which he speaks? The closest things I see are all attached to over-priced bubble markets such as autos, housing and education.
Perhaps I can get some ZIRP for my upcoming liver transplant?
Assuming I can afford to drink enough to cope with a world filled with central banking, that is.
A new truck from any of the big 3 dealers costs about $50,000. Who's got that laying around? MOAR DEBT to the rescue---gotta take out a mortgage just to buy a new truck.
No, Jon, I said you were an elitist doucebag. Not an arrogant elitist. But you can throw arrogant in with my prior comment, if you like.
Prick.
(I like to think he wrote this response because of my comment on ZH yesterday. It's eerily close to what I said.)
I have more lead than silver. I am going to call Cramer's show and ask him if i am diversified.
" Broke Donkey not spend money. Pocket empty. "
~ Old Chineee Proverb
For whom the noose tightens?
IT TIGHTENS FOR YOU JON.
update: bring your friends!
"The Federal Reserve is counting on you"
The Federal Reserve can lick my balls... They have raped and pillaged the system for the benefit of the 0.01%, while destroying the future of the USA... Guillotines are too good for them...
First good laugh of the day with that statement! Uh-huh. I''m also diversified. Lead and brass. Sure Amercans are back to work. For 2/3 the wage we got 8 years ago and cost of living ever rising. jerks.
I said yesterday that the original blog was like a kid shoving a stick into an ant hill.
To be sure, everyone on Wall Street got a good laugh at the wailing and hair pulling of the hoi polloi.
Face it, to these people, we are all nothing but a source of amusement...and collateral for all of their wealth.
5 seconds and google gave me jon's home address... and a map, and a route there if i so choose...
How some angry pissed off peasant, who has nothing left to lose, hasn't done that and paid him (or any of these other elitist ivory tower fucks) a visit, i'm not sure... yet.
And i was just using Jonny boy as an example, there are plenty to choose from...
WTF, Tom. I'm sure the DoJ is all over this.
Has anybody contacted them?
"Justice? Justice? Justice?"
Wait that letter was real!?
It was so ridiculous I honestly thought it was a fucking parody!
Shhhhhhhhhh....We do not need Google censoring that information.
But Larry Page, Google CEO, lives near the intersection of Waverly and N.California Avenue in Palo Alto, CA if he decides to censor it.
Nice picture of his abode, here...
http://virtualglobetrotting.com/map/larry-pages-house/view/google/
I am having a problem locating Jon's home address.
Please publish it.
Thanks.
WTF's his email address? I'd like to drop him a polite hello. thnx.
Funny how he forgot to mention the many references to guillotines and nooses.
Franchises to Guillotines ~R~ UsTM and Gallows ~R~ UsTM are now available.
Stores will be opening soon...very soon.
I believe that it will be profitable.
Very early this morning I emailed Jon and told him to find a tall building to jump off of, and to take his corrupt Wall Street cronies with him.
I think I called them worthless turds too, and something about rotting in hell.
A # 1 world class prick indeed. Jump Jon!
" big 3 dealers"
As in Honda, Toyota, and Nissan ??
Are Ford, GM, and Chrysler thereby the Little 3 ??? What about BMW, VW, and Mercedes - the Fat 3 ???
In 2014, Toyota earned more money than all of Detroit's manufacturers !
http://www.detroitnews.com/story/business/autos/2015/02/22/toyota-per-ca...
"Funny, my debts have somehow managed to avoid the magic of ZIRP."
Main Street gets the othe side, the one in which our hard earned cash in the bank provides near zero interest.
"It's tough being a cynic these days because it is so much work to keep up."
––Lily Tomlin
Let's get Physical. Physical! I wanna get Physical. Get me into Physicaaaal!
The BIS, ECB, IMF, FED usurpation machine wants everyone to be in debt. Lots of debt.
It's how they have come to control everything.
Hilsenrath is a disingenuous Rothschild front man. A con artist. Shill for the ZWO. Criminal. Satan worshiper. Donkey hater. The works.
AND.....he sniffs bicycle seats.
Not that there's anything wrong with that!!
......I mean who doesn't sniff a bike seat from time to time?
" because they worry they’ve been giving you a free ride for too long with zero interest rates."
WTF? Giving WHO a free ride???
People want to buy. With so much debt already, forget a house, but a car, yeah, that we can afford.
After all, what's a fart matter when you're covered in shit?
They are passing out loans and drivers liscenses to all the new illegals like pop corn. Wait until you get hit by one, then see what happens with your insurance company...
I could not believe thst Wells Fargo and the like are now offering you an equity line of credit on your car. Another words take out a second loan on an asset that loses value by the mile. We have really sunk to a new low and are scraping the bottom of the debt barrel.
Come on! I didn't see this.
I wonder if my wife's 89 Camry with 229k miles has any equity? Maybe we can get granite countertops after all and make Jon Jon proud of us.
https://www.wellsfargo.com/auto-loans/auto-equity/
Here you go.
Get approved in as little as 5-10 minutes!
Downvote on the "financial product" offered by WF
I decided to downvote myself too.
Anything to stick it to WF's owner, Warren Buffet.
I just sent the following email...
Do you really think that the Guillotine and Lamppost references were also tongue and cheek?
You claim in response that Auto Sales are up, desperately attempting to place a positive spin on this.
Up from when? Last year?
I will wager that they are not up above levels seen in 2007.
Well here is an eye opener for you. There are acres upon acres of new cars that could not be sold...rotting in fields across the World.
There is TOO MUCH INVENTORY and NOT ENOUGH DEMAND as people cannot afford the products.
LOOK AT THE PHOTOS...
http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die
Management of Perspective Economics DOES NOT WORK. Your propaganda machine has lost all credibility. The people are awakening. And your Ivory Towers are going to be brought down to Earth.
Did you know that Zerohedge.com is in the top ONE PERCENT of ALL WEBSITES visited?
They are exposing your charade daily.
The September, 2015 collapse approaches and you, and your ilk, are running out of time.
Is that "tongue in cheek" enough for you, Mr. Arrogance?
Does anyone trust the Rothschild JewFed scheme? No hilsenrath, we don't. What part of forever indebted fiat paper bag holders do you not understand? We counted on lawless tax payer rapists like you to uphold the Constitution yet you conned the consumer. And you expect confident spending to enrich you sociopath fucks even more? Fuck you Hilsenrath, stick a worthless $100 FRN in your mouth and shut the fuck up.
i still contend we've already witnessed hyperinflation:
food prices are thru the roof, regardless of what the FAO reports.
healthcare premiums are spiking & have been the last 5 years regardless of what "obamacare" says.
while the price of gas has gone from $1.00 to $5.00 to current price of $2.75 by me, thats still a net-net gain of nearly 200% from what we were used to in the northeast.
S&P500 trading 60-65% above its previous all-time high.
i can go on & on with the examples. bottom-line is that the best thing for the middle class would be DE-flation but what comes with it (ie. falling stock prices, falling real estate prices) is not an "electable strategy". i really don't know where this thing is going because they've been able to pitch to the public for this long that "there is no inflation anywhere". volcker would have had rates at 15% by now IMO if he were dealing with this shit.
I'd say if you ever read anything about Weimar then you'd think again on your assertion. What we have seen thus far is nothing close to HI. It is a lot worse than they claim though and the average American sure as shit knows that and is pissed about it.
j0nx - while it might not be according to the textbook where my fire is fueled from, its more the abstract. i contend im not a smart man, im a simple man. when i look around and the prices of virtually everything continuously elevate year after year from healthcare, energy, food, entertainment (ie. movies, theme parks, ball games, etc.), toll roads, and most importantly IMO to the middle class (which has gotten blown-out of home ownership) is rents (im outside NYC where you can't find a decent 1 bedroom for under $3,000 a month) and i just don't know how far & when this insanity will end. again, its just my opinion but until we get some hawks on the fed + true fiscal sanity, i don't see it ending anytime soon. rates will most likely cap at some point with this current clown car because if the market tries to force rates above 3%, i definitely see QE4 being launched. yellen had the opportunity of a lifetime the past 12 months when rates where below 2.00% for quite some time. again, i don't agree with this this test-tube experiement, but at the very least, she cudda blown-out her bonds & stood ready to re-load shud rates have flew outta control. now, shes still long a boatload where she could be taking on water & she could still have a situation where she feels the need to re-enter the market to stabilize the bond market due to lack of liquidity. whole thing is upside down. IMO fed is nothing more than a trader on the wrong side of the market going deeper & deeper in.
What we have now is a very bad stagflation. When you wait in line at a Wendy's and the price on a #5 burger meal rises in real time during your wait then you'll know HI. It's bad out there but nowhere near HI bad. Probably hasn't been this bad since the depression but you'll never hear that anywhere in the MSM.
Where is Paul Volcker?
And Art Laffer?
At the risk of injury, drop gold and silver and keep your toilet paper
But you can't eat toilet paper.
/s
"Dear Readers, you responded and we heard you now fuck off and spend or we will lobby to pass another law forcing you to spend, how does full coverage on that 72 Pinto in the back yard on blocks sound"
http://blogs.wsj.com/economics/2015/06/02/grand-central-a-letter-to-stin...
If I am not mistaken the human body has more than 1 set of cheeks in which to stick a tongue.
Yeah. He may have been talking out of Caitlyn's ass.
I wonder if some states have this law on books already?
Fuck this shill Hilsenrath.
While the government is free to print money the average American is not.
Freedom of the press belongs to those who own one...
while the "federal reserve is free to print money" the average american is not. there fixed it for you. never forget that the federal reserve is a private bank for private banks. if the goverment was printing the money....why would they ever need a loan.
Why are we paying taxes then? Print the taxes!!
never argue with a man that buys ink by the barrel, instead just shoot holes in his ink barrels.
I'm pretty sure an army of ZH readers emailed Jon H and his "Grand Central" team...I know I did
Another one here.
I did too. My reply contained the word "cunt" no less than 7 times.
yeah, but you left out douche canoe, and how he should tongue punch the fartbox.
I call that a 'cunning stunt'...
how about " A cunning linguist" ?
Tears literally steaming down my face. Thanks stormsailor.
I didn't, but that's because I consider the act of engaging with a sophist to be an insult to the intellect.
Given that words are their weapons, I'd prefer to beat on them directly if any engagement is required/desired.
Here's what I sent him:
Jon,
I work in the oil industry. I have a wife, a two year old and a new born at home. My colleagues are getting fired regularly by the thousands. You pretend to be a pretty smart guy, do you really need to know why I am saving money? Oh and the drop in oil prices is from simple misallocation of resources resulting from low interest rates. For more information read this.
Capt
Funny I didn't get a reply
I did not get a reply from yesterday's correspondence either.
He asked us to respond. We did. No real reply except that of his douchebag op-ed of today.
He is so far out of touch. The sad part is that he believes his own bullshit. He is one of the most deluded. When his rude awakening comes at the end of a rope then he will probably still be in denial that it is happening.
From my wife and I, yesterday:
Dear Jon,
Stunning you even ask this question, it only shows how miserably and arrogantly disconnected you are from the rest of the 99.7% of this country.
My wife and I? We have been ruthlessly fucked over by Obamacare, the massive joke foisted on this country that has raised our healthcare costs by over 500%. By the time we pay for the increased premiums and ridiculous deductible, we have monetarily lost what would be a new car and a vacation.
Really? You have no idea this has happened? This is why I unsubscribed from the WSJ over 2 years ago. Absolute disconnect from reality.
Oh and hey, enjoy the coming recession/depression. It’s going to be a DUZY!!!!!
Sincerely,
Ups and Wife
Everybody knows.
Some people say they know whats coming, and some people say it ain't.
But it doesn't really matter what anybody says, because:
Everybody knows.
Obama Care is eating the debt slaves alive. I saw an article today where Blue Cross wants a 26% rate increase.
http://www.charlotteobserver.com/news/business/national-business/article...
Live in a tent and pay your Obama Care premium.
I have a pitchfork, anyone happen to have some hot tar and feathers handy?
Don't use tar, use honey. That way you can feed some insects, too.
FUCK HIM...I wrote the Editors telling them to fire him!
Hell, he probably got a bonus for that article. That's the most reader response (eyeballs = $$$ from advertisers) they've probably seen in months...
Which will likely result in him getting a raise for getting a rise out of you.
Buy more ammo , send a message
send it 2850 fps express delivery
Thanks zerohedge, you are paying me back. First thing in the moring I read your blog as a daily ritual. In 1 hour I had as many hits on my blog as I get in 2-3 months.
Read the famous speech from Uncle Ben, as part of Plan B.
http://just-a-thought-from-thinair.blogspot.com/2015/04/no-one-saw-it-co...
zerohedge, what you do is what I call "God's work"
Great job.
Ten people and resources to feed only nine. What happens to the tenth and why?
Decimation. Because Romans.
There just aren't enough pitchforks for all the toadies.
Lame reply to say it was tongue in cheek, everyone knows it WAS NOT.
Surprised he didn't mention the no doubt many that told him he was a cunt.
Jons tongue between Bens cheeks
Smart as they think they are, yet they do not know the definition of irony.
Irony does not equal sarcasm. Frankly, neither does just being an asshole.
“Tongue-in-cheek”? More like foot-in-mouth.
This wasn't an apology for a stupid, insulting posting as it should have been. Even when Hilsenrath's readers react overwhelmingly in the negative, he doesn't even consider that his premise is wrong.
The floggings will continue till morale improves. I'm in a part of the country that is actually doing fairly well and everybody is paying down their debt and avoiding big purchases as much as possible. The middle class is being battered by the people who want to...help... us.......
Nailed it!!!!! Oh my, that was perhaps an unfortunate choice of words.
You can't see it, but I'm giving you a polite golf clap for that one right now.
Fuck! That's from bad to worse.
Hey, I bet these would make some good ones
:)
http://static2.businessinsider.com/image/51c1d24a69bedde366000018/jon-hi...
http://talkingbiznews.com/wp-content/uploads/2012/07/Jon-Hilsenrath.png
Said it yesterday, but I'll say it again: economists blame people for not adhering to their models. When people don't do what is expected, they blame the people rather than aknowledge that their model or understanding of the system is flawed. They are arrogant dumbfucks who reject reality and history and instead opt for fuzzy math based on specious data collection techniques, analysis, and poorly rationalized forward projections.
As I pointed out to Hilsenrath in my response to him, you cannot use the same measures you are manipulating as a guide to anything. It's like saying the mirror hurt your face when you slap yourself while looking at it. Either these people know what they are doing and are truly Satanic or their logical abilities are completely non-existent. Either way, total collapse is the only route to genuine change at this point. There is no fixing this shit.
They regularly MEAN the opposite of what they SAY. And I do mean the OPPOSITE. Try it some time, read a CFR article for eg, and just assume everything to be the opposite of the words written in front of you, and you will get a great understanding of the 'true big picture'.
There is a story: Three people are stranded on an island. One is a chemist, one an engineer, and one an economist. The only food they managed to save are cases of beans. They ponder how to open them. The chemist says he can create an acid (from plants) that will eat through the metal, but it would likely contaminate them as well. The engineer says he could drop find a way to bust them open, but they may loose a large portion. The economist says, "Well, we can assume we have a can opener."
Why people even bother to read that trash.
It would be wise of Hilsenfuck to not venture out alone at night, or otherwise. I just don't know how he could have painted a bigger target on his back. Hmmmm, perhaps by insulting Islam. Hey Hilsendick, I have a great idea for your next, shit spew, errrr, crap fest, ummmmm............article.
<- He just made the list.
<- He was already on the list.
(The waiting list for the guillotine)
...unless he gets tangled up with a noose first. Although, now that I think about it, a stretched neck wouldn't prevent subsequent application of the guillotine blade.
A blowtorch to the Anus of HilsenRatfuck might do the trick.
So, according to the Fed and MSM, the crash was due to too much private debt. Now the rekovery is stalled due to consumers paying off said debt.
What am I missing here?
The blaming it on debt was just their way of imposing guilt on the rest of us for their sins. It was too easy to point the finger at us, because we DID take out those loans. But they conveniently ignored the reasons WHY we did...
Turns out that debt is pretty much baked-in to our current economy, huh? It isn't all about "living beyond your means"...in today's economy, people are borrowing to pay for essentials, not luxuries. They are taking out mortgages they can't afford for housing (a necessity) using credit cards at the grocery store (a necessity) and going bankrupt over medical expenses (a necessity). They aren't getting deep in debt through high-living, they are doing it just to keep up.
Now they are realizing that they NEED us to get in, and stay in, debt. Lots and lots of debt. If we don't, their little system comes crashing down.
Good.
I've not seen a picture of this guy; is this him?
That is his wife, Marie. I think she likes cake.
The best exchange I've read today...
"Is this him?"
"No, it's his wife Marie"
They sound like an attractive couple.
Hilsenrath probably sucks black cock.
Here's my response: Hey douchebag, I just had to spend $7k to get our roof done on top of $8k in property tax this year, on top of owing the IRS $2k on our rather pathetic household income. We have no car payments and are paying off each and every credit card balance. Are you f*cking telling me that we should be spending more of our (disposable) income created by the wealth effect on things we are diligently paying off? Zero percent interest rates? What ZIRP are you talking about outside of TBTF banks and monolithic corporations? I have ZERO debt that carries 0% interest. If you present me with a bank charter I might change my mind (especially if I'm approved to be a Primary Dealer). Remember, becoming a Primary Dealer is not a "stamp of approval" according to the FED. One of the craziest statements i have ever read.
that was excellent!
Tongue in cheek, huh? Well, maybe...maybe...
But if so, then this guy demonstrates an insulting lack of appreciation for just how SERIOUS this has been for so many. Maybe tongue in cheek wasn't the most appropriate approach.
It shows a HUGE disconnect between those making policies and those having to live with the results.
I believe 'cock-in-mouth' is a better-fitting description of the writing.
Well, he didn't say what and whose cheek(s) he had his tongue in.
The trajectory of decreasing consumption matches the trajectory of decreasing prospects for gainful employment all over North and South America. The whole effin' continent is either unemployed or underemployed with part time McJobs. Hilsenrath likely makes at least $300K USD at the WSJ and can afford to make the purchases he needs to make while the rest of society is expected to grovel at the feet of the economic robber barons on Wall Street. Like Dickhead Fuld, Hilsenrath just does not get that the thieves of Wall Street are permanently out-to-lunch, high on the souls of the poor, and devoid of responsibility for what they have been doing to the pocketbooks of the American people, and Canadian people, for over 40 years now.
FUCK Wall Street kleptocracy and kleptocrats that shill for the 1%.
I went into a store yesterday, and my first thought was "Where do they make all this stuff/crap?"
I don't know ANYONE who works in a factory, manufacturing, etc. Where do all these plastic gadgets, trinkets and crap come from? Is this an economy?
(yes, I know the answer is China)
Another reason to stop reading the WSJ and boycotting its advertisers.
I have a bunch of cash in my Ameritrade account.....I just sold my house....its been there for 2 weeks now...so far I have made 8 cents in interest...I dont think I can live on that...it will cost more for my accountant to fill in that line item on my taxes for interest earned than whatever I make...that is the theft the Central bankers are doing to us...savers...we are getting killed...
Smart move selling the house. Congrats!
Time for more gold, guns, and bullets...
What this fucking asshat doesn't seem to understand is the impact the crisis had on people, especially the middle class. My grandfather lived thru the Great Depression and it shaped his personality until the day he died. I suspect the same will be said about the current generation. Not to mention, there are entire swaths of the country that never recovered. Take your ivory tower and shove it up your ass.
i don't know of anyone who has 0% interest rate when it comes to buying a car or even getting a credit card.
As i once stated, I know a lot of wealthy ppl who spend a lot and they are the ones i guess who are keeping the economy going.
As for the working struggling class, they do have a hard time making it with the amount of money they make from work. No trickle down that's for sure
and we are constantly hiring... (very busy) The sad thing is that the ppl the company hires have all taken huge pay cuts. Making 1/2 of what they once made.
I find it strange that they don't complain about it much. I would be complaining all the time if it were i....
They are just so thankful to have a job that it does not matter that they have to be struggling and letting go of the world they once lived in.
Everything just seems so out of touch to me esp. when i am around the ppl who have it together financially. It is like they are so unaware of what is going on around them or it is that they just don't care...
They all really think they have their futures made.... NOt worried about losing money in the stock market at all.
I tell them they should go for the gold with some of their money, but they don't listen
oh well
i won't feel sorry for any of them if they ever lose it all.
as a matter of fact i think it would be good for them to lose it and maybe it will make them better ppl who will begin to care for others.
>>a tongue-in-cheek and ironic letter<<
Just like I said in the previous thread. I never asserted that it was actually funny or well-written.
You can begin apologizing now, literacy-challenged populists. Thanks.
No, fool, you originally claimed that there was no way that Hilsenrath wrote a single word; you claimed the whole thing was a fake satire written by Tyler.
Now you have to change your narrative and claim it was Hilsenrath trying to be "funny." What a wonderful life you have, trying to defend establishment mouthpieces like Hilsenrath.
You can continue to flip-flop and backtrack like Mitt Romney on speed, intelligence-challenged sophist. Thanks.
I just e-mailed this to J. Hilsenrath. Almost everyone has seen this before but its a good thing to remind yourself once in a while.
George Carlin on the American Dream (with transcript)
This legendary rant is even better when read. I've read it dozens of times. I still can't find a flaw in it, or anything even exaggerated. He's right. We're fucked. Unless we think of some way to fight back.
Read it first. Then watch the video. Then read it again. Then share it far and wide.
TRANSCRIPT
But there’s a reason. There’s a reason. There’s a reason for this, there’s a reason education SUCKS, and it’s the same reason it will never, ever, EVER be fixed.
It’s never going to get any better, don’t look for it, and be happy with what you’ve got.
Because the owners, the owners of this country don't want that. I'm talking about the real owners now, the BIG owners! The Wealthy… the REAL owners! The big wealthy business interests that control things and make all the important decisions.
Forget the politicians. They are irrelevant. The politicians are put there to give you the idea that you have freedom of choice. You don't. You have no choice! You have OWNERS! They OWN YOU. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought, and paid for the Senate, the Congress, the state houses, the city halls, they got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear. They got you by the balls.
They spend billions of dollars every year lobbying, lobbying, to get what they want. Well, we know what they want. They want more for themselves and less for everybody else, but I'll tell you what they don’t want:
They don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interests.
That’s right. They don’t want people who are smart enough to sit around a kitchen table and think about how badly they’re getting fucked by a system that threw them overboard 30 fucking years ago. They don’t want that!
You know what they want? They want obedient workers. Obedient workers, people who are just smart enough to run the machines and do the paperwork. And just dumb enough to passively accept all these increasingly shitty jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money. They want your retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it. They’ll get it all from you sooner or later because they own this fucking place! It's a big club, and you ain’t in it! You, and I, are not in the big club.
By the way, it's the same big club they use to beat you over the head with all day long when they tell you what to believe. All day long beating you over the head with their media telling you what to believe, what to think and what to buy. The table has tilted folks. The game is rigged and nobody seems to notice. Nobody seems to care! Good honest hard-working people; white collar, blue collar it doesn’t matter what color shirt you have on. Good honest hard-working people continue, these are people of modest means, continue to elect these rich cock suckers who don’t give a fuck about you….they don’t give a fuck about you… they don’t give a FUCK about you.
They don’t care about you at all… at all… AT ALL! And nobody seems to notice. Nobody seems to care. That’s what the owners count on. The fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that’s being jammed up their assholes every day, because the owners of this country know the truth.
It's called the American Dream, because you have to be asleep to believe it.
George Carlin ~ The American Dreamhttps://www.youtube.com/watch?v=acLW1vFO-2Q
From the Reader Comments:
"......the item showed this reporter is Arrogant, Elitist and OUT OF TOUCH with the challenges faced by many Americans...."
'Nuff' Said.
so out of touch, so disconnected. either that, or, he's just carrying water as a tool of a propaganda machine.
TOOL is the operative word.
So did y'all bitchez click on any Bruce Jenner "news" articles in the past couple of days??? Me? I ignored every last one of them...including the ones on this site.
No, but I did enjoy williambanzai's picture where Hilsenrath's face is morphed onto Jenner's body.
I didn't catch williambanzai's picture earlier. "Joanie Hisenrath"...with thick eyeliner? LOL!
Tongue and cheek does not excuse these piranha class money men from their complete destruction of the nation, its economy and the millions they have hurt. They have indebted three generations while simultaneously offshoring their sources of income. They have made a joke of capitalism and the markets.
It's about as tongue and cheek as using the 'N' word jokingly. Their humorless humor is exceeded only by their boundless arrogance and hubris.
Only government trolls and zombies keep them from being at the bottom.
I'll do my part to help middle class spending: how about a couple more cases of buckshot and some rope.
What a dipshit.
Booming car purchase reflects a growing expectation that Weimar Republic hyperinflation will soon be here. Buyers on credit hope to repay in inflated, nearly worthless, dollars.
OK, I will help the economy - I just bought a bag of silver dimes today on the dip in PM prices. Now it's up to the economy to do its part and go boom! (Literally?)
(reply moved to relevant location)
i need to clarify something
when it comes to 0% interest rates it came to mind that I did have a credit card with 0% but that was introductory (for a year) to get me to join
now i am paying interest of some sort.
Ask your Credit Card company to issue a NIRP Card. They can absorb the interest rate tackled with the coupon compound interest. Tell them you want to pay principal only. You plan on accumulating negative interest reward points.
/sarc
Take the WSJ and that reporter and shove it where the sun don't shine.
The F'n moron thinks that the banks, markets and Fed actions are done behind an impenetrable curtain and that people are simply Pavlov's dog. Stick some meat in front of people and they salivate.
The problem is that people are finally realizing that the banks and the Fed are corrupt and that people have been lied to about the fairness of the markets and the beneficial nature of our government. (the meat is poisoned)
To Hilsendork: Fix yourself before you try to fix others. We do not trust you or anyone you influence. Fix the trust issue. Become worthy of trust.
My guess is that trust, honor and integrity are concepts that you try to use against others to take advantage of them. It won't work any more. People have figured you out.
Dear Jon Hilsenrath,
Please eat shit and die.
Thank you and have a nice day.
Insincerely,
Real People
The WSJ quit being relevant that day is was bought by Rupert Murdoch.
I quit my subscription the day the sale closed.
Now it is a dying mouthpiece for the FED.
And just like the U.S., it is slowly going bankrupt.
Tool of big money.
Jon, don't quit your full-time stand-up comedy gig. Being a financial economist isn't in the card's.
This is actually bullish for equities, they gonna flore it till the engine blows! Gotta sell more pass out more debit to national debt cards.
Additional Obama orgy O spending eminent, they cant stop now, they're picking a war with Russia and China.
"........Readers reacted strongly....."
Really?
This is what passes for Strong Reaction in post modern world. Writing letters, and making phone calls. wow.....
Can't you just see everything changing because readers complain???
Strong reaction FYI is picking up an AK 47 and taking out committee chairman in CONgress; or doing the Jihad dance on Goldman Sucks' Lord Blankfein, Stephen Schwarzman, Chris Cox (remember him at the SEC doing shit?) Angelo Mozilo, Dickie Fuld, "Caitlynn what the flying fuck Jenner".
Lampshade
Bar of Soap
How to disposition Hilsenrath, Auschwitz edition
But seriously, the WSJ just gifted me a month's free home delivery subscription, ended last Saturday. Completely useless fishwrapper. Now they want a renewal 6 months newsstand + digital regularly 629.94 you pay 104.94 fat chance.
If I want to read stupid I can just google Krugman.
Reacting strongly would include driving to NY and beating Hilsencock to a pulp. I care not what this ignorant, obama cum drenched little punk has to say. Give me back all the 4% interest I should have received on my savings since 2008 and I might buy an ice cream cone. And stop with the 2% inflation bullshit. Shop much anywhere douchenozzle. Hilsencock is an assnapkin
You really have to wonder if some thing like this could set off the middle class.
Fired he should be aressted for encitement, wilfull disregard, intentional abuse, neglagence.. etc etc.
Maybe we would be spending more, if we had access to 0% interest rate loans that we could take out at will to pay off our existing debts...
Statistics LIE, Nohting more to say.
so basically the wsj is doubling down on stupid. i also notice that they fail to address about 25% of respondents who wrote about the govvie extortion named obamacare, how convenient.
Out of touch Federal Reserve prints causing prices to increase while corporations push for more overseas workers to reduce wages.
The 2 opposing forces.
When your income is 300 to 400 grand a year and you think your middle class doesn't that say something about the problem?