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For Low Income Americans, All "Hope" Is Gone

Tyler Durden's picture




 

The lowest income Americans appear to have officially given up on the "hope"...

 

Source: The Conference Board

Are they now the cynics too?

Charts: Bloomberg

 

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Tue, 11/24/2015 - 11:21 | 6832112 One And Only
One And Only's picture

No shit. With all the immigration you can kiss you asses, income, and future goodbye. 

Get used to welfare you section 8 babies who voted for this Prez.

Tue, 11/24/2015 - 11:27 | 6832162 freewolf7
freewolf7's picture

Learned helplessness.

Tue, 11/24/2015 - 11:45 | 6832318 gimme soma dat
gimme soma dat's picture

It isn't just the FSA that is full of learned helplessness.

Tue, 11/24/2015 - 13:04 | 6832835 RaceToTheBottom
RaceToTheBottom's picture

Corporate Welfare = Rewarded risk aversion, asset misallocation and incompetence.

 

Tue, 11/24/2015 - 13:12 | 6832886 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Professor Martin E.P. Seligman created 'Learned Helplessness' back in the 60s in a university laboratory where he tortured dogs so that he would be a recognized Experimental Psychologist in academia. Since the 60s torture experiment Professor Seligman has moved on to torturing human beings so he could get a $41 million dollar contract from the American Government to train USARMY soldiers on methods to remain 'happy' on the battle field while they continue to torture human beings with impunity.

Tue, 11/24/2015 - 13:50 | 6833126 toady
toady's picture

There's a city named after him in AZ.

Tue, 11/24/2015 - 11:38 | 6832200 BKbroiler
BKbroiler's picture

There are more Mexicans leaving the US than arriving, so I'm not sure we can keep pinning blame on them.  If the Syrians show up, it's a negligible number.   Hope is a good breakfast but a poor dinner, and it's dinner time.

http://www.ibtimes.co.uk/reverse-migration-more-mexicans-leaving-us-arri...

Tue, 11/24/2015 - 12:39 | 6832699 Syrin
Syrin's picture

Just yesterday we had a story that there is a massive immigration surge.   Even if tehre wasn't, 25% of Mexico is here illegally.   yeah, we CAN blame them.

Tue, 11/24/2015 - 13:07 | 6832856 Baa baa
Baa baa's picture

You gotta go to South Texas and see it to believe the tsunami and no one is going back.

Tue, 11/24/2015 - 13:51 | 6832990 OpTwoMistic
OpTwoMistic's picture

Waiting in line at the local SS office, watching the non english people. SS keeps interpreters busy. These people has no ID, nothing. They mostly come with a sponser of some kind.  I was the only white there and it was full.

Tue, 11/24/2015 - 14:17 | 6833345 lordkoos
lordkoos's picture

What native American tribe are you from?

Tue, 11/24/2015 - 11:21 | 6832116 Temporalist
Temporalist's picture

I'm still wiating for my free shit.  All my hope is bottled up for that.

Tue, 11/24/2015 - 11:22 | 6832124 Mark Mywords
Mark Mywords's picture

If you're still waiting for your free shit, that means you must not be a part of the bankster-gangster cult crowd and, therefore, will not be receiving any free shit.

So sorry.

Tue, 11/24/2015 - 11:25 | 6832148 astoriajoe
astoriajoe's picture

I'm thinking about joining the free shit army. Do I have to go to Mexico then re-cross the border to get the enlistment package or can I do that here? 

Tue, 11/24/2015 - 11:30 | 6832188 Ghost of PartysOver
Ghost of PartysOver's picture

I was thinking about doubling up by cross twice with different identities.

Tue, 11/24/2015 - 12:05 | 6832470 Money Counterfeiter
Money Counterfeiter's picture

What are the poor bitching about, Obama is in the White House now.

Tue, 11/24/2015 - 11:47 | 6832329 Mark Mywords
Mark Mywords's picture

Do it the easy way. Just become a bank holding company.

Tue, 11/24/2015 - 14:08 | 6833258 toady
toady's picture

That's not as easy as it sounds. I tried it back when they started the TARP slush fund, but was rejected. I almost made it because the wife is a double minority, but in the end it's still a good ol'boy's network. 

Tue, 11/24/2015 - 11:43 | 6832308 Vlad the Inhaler
Vlad the Inhaler's picture

If you want free shit, the first step is to incorporate, second step is to make some campaign donations.

Tue, 11/24/2015 - 13:04 | 6832838 Baa baa
Baa baa's picture

Tough to do when you have no capital.

Tue, 11/24/2015 - 14:27 | 6833426 astoriajoe
astoriajoe's picture

Didn't stop the Fed. 

Tue, 11/24/2015 - 11:21 | 6832119 FreeShitter
FreeShitter's picture

Dope has replaced my hope.

Tue, 11/24/2015 - 11:21 | 6832121 madcows
madcows's picture

Those are the assholes that voted for Obama's hope and chains.  Way to go retards

Tue, 11/24/2015 - 11:29 | 6832180 Casey Jones
Casey Jones's picture

The Obama deception was one of the craftiest and cynical strategies ever cooked up by these guys. And now with Hillary vs The Donald, they've outdone themselves. They know the whole Hope thing has played out, so they're moving onto this epic WWF matchup as the ultimate distraction.

Tue, 11/24/2015 - 11:47 | 6832331 Mark Mywords
Mark Mywords's picture

Correct.

Tue, 11/24/2015 - 11:23 | 6832130 Handful of Dust
Handful of Dust's picture

I disagree somewhat with this article. The FSA with limitless free shit at one end, and the upper 5% with unlimited bonuses at the other end, have profited most under Barry. It's the private sector middle class that has been devastated.

Tue, 11/24/2015 - 11:33 | 6832184 Francis Marx
Francis Marx's picture

Dusty has it right. Any middle class left who makes good wages is getting raped on healthcare (tax)  through their employer. Hence, they got bumped down to lower class. Why even work anymore? There is no gain. Just loss.

Tue, 11/24/2015 - 11:36 | 6832243 Rainman
Rainman's picture

Being a mere millionaire used to mean you were rich. Now it means you are just solidly middle class.

Tue, 11/24/2015 - 11:37 | 6832258 silverer
silverer's picture

I think your disagreement grows out of that you think there is a middle class in the US.

Tue, 11/24/2015 - 11:23 | 6832131 moonmac
moonmac's picture

The Fed's dividing up the Have's and Have-Not's like never before in our nations history!

Tue, 11/24/2015 - 11:37 | 6832257 flysofree
flysofree's picture

Thanks for posting an intelligent remark. I absolutely detest the White middle class and how they proceeded to accommodate the elites in destroying the lower income classes with relish.

It's you turn assholes and you can 'huff and puff' but you will end up with 1950s low income standard of living. You did it to yourself.

Tue, 11/24/2015 - 12:13 | 6832529 moonmac
moonmac's picture

A 1950’s middle class low income standard of living beats Obummer’s lazy welfare begging moocher leaching standard of living any day!

Tue, 11/24/2015 - 12:26 | 6832615 swmnguy
swmnguy's picture

Your comment makes no sense whatsoever.  I don't mean I disagree; I mean I can't understand what you are attempting to communicate.

Tue, 11/24/2015 - 13:00 | 6832809 Baa baa
Baa baa's picture

This is the kind of inflammatory comment that is a the root of our problems.

Your blaming mommy and daddy for fucking up your life is a personal problem and does not belong on a public forum. Grow up and act in a proactive manner.

Instead of sitting around sucking on your teat of judgemental resentment, go and do something nice for someone. Someone who is not yourself. You self absorbed piece of entitled shit.

Tue, 11/24/2015 - 13:27 | 6832966 flysofree
flysofree's picture

Inflammatory? LOL. Did you read 99% of comments on this thread?

Tue, 11/24/2015 - 11:23 | 6832132 Gatos Locos
Gatos Locos's picture

How's that free health  care?

Tue, 11/24/2015 - 11:30 | 6832185 madcows
madcows's picture

UP $2200 last year.  I can't imagine what it will be this year.  I guess they're getting a lot for my money.

Tue, 11/24/2015 - 13:20 | 6832919 Angelo Misterioso
Angelo Misterioso's picture

Repubs need to pass a bill allowing for the Supreme Court created Obama HealthCare Tax to be deductible on your taxes like the state income tax...

Tue, 11/24/2015 - 11:38 | 6832251 all-priced-in
all-priced-in's picture

Looks like my $869/ month policy that was discontinued will be replaced with a $1,107 policy that provides less coverage with higher deductible and copays.

 

I can't find one insurance company that even sells a PPO type plan (Houston area) so I will have to settle for an HMO or EPO.

 

 

Tue, 11/24/2015 - 15:18 | 6833843 nobodysfool
nobodysfool's picture

Be sure to properly thank the DemocRats for your excellent un-Affordable healthcare plans...

Tue, 11/24/2015 - 11:26 | 6832150 Dr. Engali
Dr. Engali's picture

But the have Obamasnap, Obamacare, an Obamaphone, an Obamamortgage, Obamasubprimecarloan, and an Obamastudent loan. What moar do the debt slaves want?

Tue, 11/24/2015 - 11:32 | 6832211 Casey Jones
Casey Jones's picture

Obamacaskets

Tue, 11/24/2015 - 11:39 | 6832273 de3de8
de3de8's picture

Obamaforgivesyourloan

Tue, 11/24/2015 - 11:41 | 6832298 bookofenoch
bookofenoch's picture

Obamamasturbation

Tue, 11/24/2015 - 11:28 | 6832172 Guitarbill
Guitarbill's picture

I guess they stopped waiting for free shit.

Tue, 11/24/2015 - 11:31 | 6832199 buzzsaw99
buzzsaw99's picture

owebomba has been an unmitigated disaster for the working poor

Tue, 11/24/2015 - 11:33 | 6832218 Dr. Engali
Dr. Engali's picture

"owebomba has been an unmitigated disaster"

 

 

There fixed that for you.

Tue, 11/24/2015 - 11:37 | 6832252 A Nanny Moose
A Nanny Moose's picture

Just wait till the next unmitigated disaster is elected...er...installed to the Oval Orifice.

Tue, 11/24/2015 - 11:48 | 6832334 Dr. Engali
Dr. Engali's picture

Sick of hearing that crap. People who say that don't pay attention to what this guy says or does, and we won't make it until the next puppet is installed.

Tue, 11/24/2015 - 12:22 | 6832432 A Nanny Moose
A Nanny Moose's picture

Perhaps. It's a shit sandwich, and we will all have to take a bite. We are only arguing over 1st and 2nd derivatives.

Paying them any attention to them, simply encourages them.

Tue, 11/24/2015 - 11:32 | 6832206 silverer
silverer's picture

Well, the expert "extractors" at the top aren't leaving anything.  They don't like "the people", basically.

Tue, 11/24/2015 - 11:35 | 6832224 yogibear
yogibear's picture

Bernanke talked about handing out money to those that deserve it as the Fed's next step.

So more debt to print more money and send out checks.

Interpret the word "deserved".

Tue, 11/24/2015 - 11:37 | 6832260 youngman
youngman's picture

Well when you add 10,000 new regulations a year on small business...you are not going to have a lot of new hires

Tue, 11/24/2015 - 11:38 | 6832266 Doppelganger71
Doppelganger71's picture

Nothing to see here. Move along. Move along. 666 666

Tue, 11/24/2015 - 11:41 | 6832270 moonmac
moonmac's picture

I go to Goodwill and the Dollar Store to view the dregs of American Society then head down the street to Nordstrom’s and Von Maur to see all the High Society folks who reap the rewards of endless Fed money printing. It's like we've gone back 100 years in time.

Tue, 11/24/2015 - 11:47 | 6832328 bookofenoch
bookofenoch's picture

I shop goodwill and dollar store, and get my food from a scratch 'n dent outlet. My Christmas dress came from a consignment shop.

While I can still make money, I will stack it for later use when my only source of income is what I can produce in Gault's Gulch.

Tue, 11/24/2015 - 12:26 | 6832603 moonmac
moonmac's picture

The lazy poor get their food in a box dropped off by a truck and they get their clothes at Foot Locker by selling their EBT for 50 cents on the dollar. 

Tue, 11/24/2015 - 13:57 | 6832871 RaceToTheBottom
RaceToTheBottom's picture

I do the same:

 

1)  If something is bought, something must be donated or sold.

2)  If something is bought, first I try goodwill, then consignment, then ebay and other internet.  Only later do I buy new, and usually by then I have decided I don't need it...

 

Tue, 11/24/2015 - 11:39 | 6832279 all-priced-in
all-priced-in's picture

#Freeshitlivesmatter

Tue, 11/24/2015 - 11:43 | 6832307 MFL8240
MFL8240's picture

Any hope they had was a lie from this liar they all voted for.

Tue, 11/24/2015 - 11:46 | 6832322 Vlad the Inhaler
Vlad the Inhaler's picture

Their greatest success has been convincing most Americans that food stamps are free shit compared to the bonuses of bankers who worked at failed private enterprises.

Tue, 11/24/2015 - 12:23 | 6832591 BeaverCream
BeaverCream's picture

It's all free shit.. just cuz one free shit is more aggregious than another doesn't mean it isn't free shit.

Tue, 11/24/2015 - 12:27 | 6832619 Vlad the Inhaler
Vlad the Inhaler's picture

I personally know some hippie types who abuse the food stamps program, but given that 22% of American children live below the poverty line, it doesn't really bother me that much.  Plus the food stamp money eventually goes to local businesses, compared with banker bonuses that go to Columbian cartels and Vegas hookers.

Tue, 11/24/2015 - 11:51 | 6832362 Jethro
Jethro's picture

Well, this just means a pending spike in robberies.

Tue, 11/24/2015 - 12:48 | 6832744 Baa baa
Baa baa's picture

And a spike in ingenious and novel methods of killing.

Tue, 11/24/2015 - 11:55 | 6832395 Seasmoke
Seasmoke's picture

Who the fuck had such high hopes on 2014. What a bunch of Fucking Dopes !!!!

Tue, 11/24/2015 - 12:32 | 6832653 swmnguy
swmnguy's picture

That was my question too.  New Year's Eve 2015 must have been quite the party.  But then, look at March 2007, too.  Back then whenever I said the housing finance bubble was about to burst, that incomes had stagnated and were declining, and that toxic mortgage syndrome had metastasized into the entire Finance sector, I was accused of "Hating America," "Hating Capitalism," and having "Bush Derangement Syndrome."

Funny how all that turned out.

Of course, today's approaching shitstorm has exactly as much to do with Obama as the shitstorm advancing in 2007 had to do with Bush II, but in America we like our Red/Blue puppet show, and we really like it with racial, religious and class-based self-justifications on top.

Tue, 11/24/2015 - 12:00 | 6832433 markitect
markitect's picture

I simply can not believe how many people I know that are late 30s, making shit money even with experience, degrees etc.  They graduated with debt into the 911 recession, ended up under water buying a shit ranch house to start a family in the 2000s and still struggle with underemployment and now this health insurance bullshit. They have no savings, no chance at getting ahead and yet they are the lucky ones because the group after them cant even get the shitty jobs to begin with.  And then , after them, theres a new group graduating high school right now who've never even seen a prosperous, not at war America in their lifetimes, they are going to be a real treat too because theres more of them than even the baby boomers, and they are pissed.  Some days I shake my head and think back to 92 when Perot was telling us exactly how it would go down and everybody laughed at him. 

Tue, 11/24/2015 - 12:07 | 6832483 FreeShitter
FreeShitter's picture

Shit,even Hitler warned us of the moneychanger's game back in the 30's.

Tue, 11/24/2015 - 13:43 | 6833087 flysofree
flysofree's picture

You are the moneychanger, moron! Who promoted job offshoring who lobbied for more illegal immigrants--the Chamber of Commerce. Yes the Republican middle class.

Who employed all the illegals, why, it's the White Republicans using wage arbitrage to get rich. Who worked in large corporate HR, marketing, logistics, planning departments using spreadsheets to calculate profits corporations will make from wage arbitrage. Why, it's the White Republicans.

Who consistently degrades and marginalizes low income workers? Just read the comments on this board. So, yes you can go to hell and take the White Middle Class to where it belongs under the yoke of elites.

Tue, 11/24/2015 - 12:09 | 6832497 InnVestuhrr
InnVestuhrr's picture

One very effective way for the so called "poor" to gain confidence and improve their lives is to stop breeding like cockroaches in a garbage dump.

Tue, 11/24/2015 - 12:17 | 6832550 Conax
Conax's picture

I already pawned my Hanzo sword.

Now where'd I leave that rusty scalpel..?

If you have to open an artery you need something sharp. 

Tue, 11/24/2015 - 12:32 | 6832657 eimai
eimai's picture

I'm starting a new religion and everyone who takes handouts that are stealing from others (from welfare to banks) will go to hell. 

There is so much that needs to be undone in the US. I hope it can be corrected soon so we all have a chance at a comfortable life. It's surreal to think that looking back on history, I will have lived in such a chaotic time.

Tue, 11/24/2015 - 12:39 | 6832698 TrumpXVI
TrumpXVI's picture

Okay, "Hope" is gone, big deal, so what?

We still got, "Change"!

Or is that, "Chains"?

How did that go now?

Tue, 11/24/2015 - 15:21 | 6833173 .300WinMag
.300WinMag's picture

Content like this is shit. 

 

Anyone that has been paying attention knows that when reviewing the graph that the basic trajectory and narrative of the econ hasn't changed so dramitically during Q12013 -> Q42015 so as to qualatively account for the chart. 

 

This is propaganda to make you think that there is a new velocity on how shitty things are. Stop. Connect the dots. World wide they are advancing the narrative of crisis on ALL fronts. Why? No I am not talking about the means of the why - War is obvious. The question is what follows? What can "handle" ALL Fronts?

 

-Forced econ crisis - to one degree or another, with consequences. Look at Greece. Oh you're a broke nation? Well, BOHICA for all of the migrants we're gonna run through your nation. To American - public largess used to redistrubute (middle class) wealth to the poor / lazy / physically & mentally infirmed / the cheats that game the system. While the wealthy consolidate their positions. 

 

- Forced Migration, with a false narrative. Why are the perponderance of these migrants military aged males? Why do they find things like passports at the scene? Why did they find an unattended "suicide belt" in the streets of France today? What is the cost of shutting down Brussels? I trust that these are very smart men, and yet even I can see what happens when you put a large population of violent zelots into a docile host population. This was knowable and foreseeable - and make no doubt - it was forseen; as is what is to come. Why would Merkel, or any of these other heads of host nations do this? Do you think those that are knowledgeable, have the power of foresight to know that every string has a breaking point? Tactically what is the fastest way to have a fighting force move into position? What would a nefarious reason for limitations on gun rights be? Imagine the deal we're givin' Turkey for splashin Rooskie birds....

 

- Why is the media complicit?

 

- When will Americans wake the fuck up?

 

- What more must the political system do to deviate from their original intent and further betray the American Citizen for the people to releaze that the System has been hyjacked, and that we need to get the broom out and do a little house cleaning? One way or the other - right? Because one of two things is catagorically true here regarding the CINC:  1) We really did elect someone that buffaloed enough people to be elected; only to then turn it into an opportunity to further undermine the rights and liberties of the Citizens. Are we really "there"? I dunno - we'll see with the D ticket in '16. Conversely option #2) The President is merely a figure head, and a deep state exists.

Like my man Dective Columbo used to always say just before he left the room - "I've got one last thing that is puzzling me, so a question if I may" - Why is that regardless of who the sitting Commander In Chief has been - The Wolfowitz Doctrine has been the policy agenda since the mid 1990’s?  With the fall of USSR – Wolfowitz and other NeoCons wrote a strategic policy vision for the US to become a Superpower – global hegemony. Officially the document is entitled Defense Strategy for the 1990’s – The Regional Defense Strategy and can be found here:http://www.informationclearinghouse.info/pdf/naarpr_Defense.pdf 

 

Tue, 11/24/2015 - 14:14 | 6833314 jesuschristling
jesuschristling's picture

There was no hope to begin with. Except for the elite.

Tue, 11/24/2015 - 14:14 | 6833315 jesuschristling
jesuschristling's picture

There was no hope to begin with. Except for the elite.

Tue, 11/24/2015 - 14:25 | 6833415 GreatUncle
GreatUncle's picture

With the removal of hope makes for a new game ... riots, civil war, the oppertunities are endless and with the right skills you will be in demand.

Tue, 11/24/2015 - 14:51 | 6833629 American Psycho
American Psycho's picture

If hope is gone, did 'change' also leave?

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