A conspiracy set to crash

[LostCat]

With America slowly losing its grip on world markets, China’s economy growing at an unprecedented rate, The RUSSIA continuing to modify its struggling economy to be more adaptive to the real world and military powers like Iran starting to gain power globally, something had to be done. What would be a better idea to cripple your own economy (especially making the poor poorer), by making the population feels like they inflicted the pain on themselves.

With the crash of the housing market coming, there is only going to be one result. The sub-prime industry will collapse. Individuals with less know how or education will fall right with it. This will create a huge lower class population that will be able to work for cheap, with limited expectations. Their credit will be ruined forever, they’ll have little to no money for education and like all 3rd world countries, the poor will breed more and more, which will result in a larger, uneducated blue collar working population. A population that, once the Dollar has been devaluated to a point of global reasoning, they will be here to work the jobs that we (U.S.A) will need to have in order to compete with China, India and the rest of the world that is snatching up all labor related job markets, which ultimately stabilizes an economy.

This will then, in return, make America competitive in the global economy again, which will once again, help us gain control of our own population, again. The poor will continue to work hard, long hours and know little to nothing about politics or have time to vote. Of what is left with the middle class, they will be to afraid to vote for liberal minded individuals in fear that these people will take away the little they have, while the rich and powerful, will once again buy and purchase, with cash, American assets and political will.

Its sounds a little like the great depression of 2009.

[stansd]

We’re off to see the Wizard, The Wonderful Wizard of Oz.
You’ll find he is a whiz of a Wiz! If ever a Wiz! there was.
If ever oh ever a Wiz! there was The Wizard of Oz is one becoz,
Becoz, becoz, becoz, becoz, becoz.
Becoz of the wonderful things he does.

I Think you’ve watched conspiracy theory one too many times.

Stan

[stansd]

We’re off to see the Wizard, The Wonderful Wizard of Oz.
You’ll find he is a whiz of a Wiz! If ever a Wiz! there was.
If ever oh ever a Wiz! there was The Wizard of Oz is one becoz,
Becoz, becoz, becoz, becoz, becoz.
Becoz of the wonderful things he does.

I Think you’ve watched conspiracy theory one too many times.

Stan

[stansd]

We’re off to see the Wizard, The Wonderful Wizard of Oz.
You’ll find he is a whiz of a Wiz! If ever a Wiz! there was.
If ever oh ever a Wiz! there was The Wizard of Oz is one becoz,
Becoz, becoz, becoz, becoz, becoz.
Becoz of the wonderful things he does.

I Think you’ve watched conspiracy theory one too many times.

Stan

[LostCat]

LostCat

And you’ve watched the wizard of ozz about 400 times too many.

[LostCat]

LostCat

And you’ve watched the wizard of ozz about 400 times too many.

[LostCat]

LostCat

And you’ve watched the wizard of ozz about 400 times too many.

[LostCat]

LostCat

By: STEVE LAWRENCE – Associated Press

SACRAMENTO — The income gap between the richest and poorest Californians is growing while the growth in middle-income jobs is slowing, according to a report released Wednesday by the California Budget Project.

The report, called A Generation of Widening Inequality, examined changes in California’s economy between 1979 and 2006.

It found that most of the state’s job growth during that period took place at the ends of the income scale. Nearly 28 percent of the new jobs went to the lowest fifth of wage earners while another 28 percent went to those in the top wage bracket.

In contrast, only 6 percent of new jobs were in the second fifth and 14 percent were in the third highest bracket.

The trend has increased in recent years, with more than two out of every three new jobs between 1999 and 2005 created at either the top or bottom of the pay scale. At the same time, the state lost jobs in the second highest wage bracket.

“A significant faction of California’s work force is falling behind,” said Jean Ross, executive director of the Sacramento-based nonpartisan group. “The rising tide has left some boats high and dry.”

Incomes of workers in the highest bracket jumped 18.4 percent between 1979 and 2006 while those in the middle saw their wages grow by only 1.3 percent. The state’s lowest-paid workers actually lost 7.2 percent in earnings when inflation was taken into account, the report said.

In 1979, the wealthiest hourly workers in California and the U.S. made 2.4 times as much as their poorest counterparts. By 2006 that gap had increased to 3.1 times in California compared to 2.7 times nationally, according to the report.

Ross said that “a lot of different factors,” including federal tax policies, a loss of manufacturing jobs and an increase of lower-paying service-sector jobs had contributed to the widening gap.

“It’s a very complex picture,” she said. “You can’t go out and say there’s one factor that’s responsible for what’s going on in the economy.”

The weak growth in middle-income jobs would make it harder for low-income workers to improve their lots, Ross said.

She said automatic increases in the minimum wage to keep up with inflation, an earned income tax credit for low-wage workers and improving the state’s schools and job training programs would help close the gap.

“The best way to attract high-wage jobs, good jobs, to California is by making sure that the education system turns out well-trained workers,” she said. “In the short term, people follow jobs. But in the long term, jobs tend to follow workers. Employers will go where they find a highly educated work force.”

She said education isn’t a sure cure. One of the “troubling trends” found by the study was that earnings of young college graduates did not keep pace with inflation between 2000 and 2006, Ross said.

Art Pulaski, executive secretary-treasurer of the California Labor Federation, said the report demonstrates the need for federal tax policies that reward companies that keep jobs in the U.S.

He also said corporations should rethink their policies and shift more of their wages to lower- and middle-income workers.

“The middle class is disappearing,” he said. “We’re losing out on wages and somebody else is gaining, and that somebody else is primarily the executives and businesses. The good jobs are being sent overseas, and more and more what we’re seeing is service sector jobs, which tend to be lower-wage jobs.”

Vince Sollitto, a spokesman for the California Chamber of Commerce, said the report’s findings demonstrate the value of enterprise zone programs that give businesses tax breaks for locating in distressed areas.

He said it also “reinforces the danger of imposing unique, California-only mandates on business.”

The report did find that the wage gap between men and women in California had narrowed. The typical woman made 87 cents for every dollar made by her male counterpart in 2006, compared to 63 cents for every dollar in 1979.

[LostCat]

LostCat

By: STEVE LAWRENCE – Associated Press

SACRAMENTO — The income gap between the richest and poorest Californians is growing while the growth in middle-income jobs is slowing, according to a report released Wednesday by the California Budget Project.

The report, called A Generation of Widening Inequality, examined changes in California’s economy between 1979 and 2006.

It found that most of the state’s job growth during that period took place at the ends of the income scale. Nearly 28 percent of the new jobs went to the lowest fifth of wage earners while another 28 percent went to those in the top wage bracket.

In contrast, only 6 percent of new jobs were in the second fifth and 14 percent were in the third highest bracket.

The trend has increased in recent years, with more than two out of every three new jobs between 1999 and 2005 created at either the top or bottom of the pay scale. At the same time, the state lost jobs in the second highest wage bracket.

“A significant faction of California’s work force is falling behind,” said Jean Ross, executive director of the Sacramento-based nonpartisan group. “The rising tide has left some boats high and dry.”

Incomes of workers in the highest bracket jumped 18.4 percent between 1979 and 2006 while those in the middle saw their wages grow by only 1.3 percent. The state’s lowest-paid workers actually lost 7.2 percent in earnings when inflation was taken into account, the report said.

In 1979, the wealthiest hourly workers in California and the U.S. made 2.4 times as much as their poorest counterparts. By 2006 that gap had increased to 3.1 times in California compared to 2.7 times nationally, according to the report.

Ross said that “a lot of different factors,” including federal tax policies, a loss of manufacturing jobs and an increase of lower-paying service-sector jobs had contributed to the widening gap.

“It’s a very complex picture,” she said. “You can’t go out and say there’s one factor that’s responsible for what’s going on in the economy.”

The weak growth in middle-income jobs would make it harder for low-income workers to improve their lots, Ross said.

She said automatic increases in the minimum wage to keep up with inflation, an earned income tax credit for low-wage workers and improving the state’s schools and job training programs would help close the gap.

“The best way to attract high-wage jobs, good jobs, to California is by making sure that the education system turns out well-trained workers,” she said. “In the short term, people follow jobs. But in the long term, jobs tend to follow workers. Employers will go where they find a highly educated work force.”

She said education isn’t a sure cure. One of the “troubling trends” found by the study was that earnings of young college graduates did not keep pace with inflation between 2000 and 2006, Ross said.

Art Pulaski, executive secretary-treasurer of the California Labor Federation, said the report demonstrates the need for federal tax policies that reward companies that keep jobs in the U.S.

He also said corporations should rethink their policies and shift more of their wages to lower- and middle-income workers.

“The middle class is disappearing,” he said. “We’re losing out on wages and somebody else is gaining, and that somebody else is primarily the executives and businesses. The good jobs are being sent overseas, and more and more what we’re seeing is service sector jobs, which tend to be lower-wage jobs.”

Vince Sollitto, a spokesman for the California Chamber of Commerce, said the report’s findings demonstrate the value of enterprise zone programs that give businesses tax breaks for locating in distressed areas.

He said it also “reinforces the danger of imposing unique, California-only mandates on business.”

The report did find that the wage gap between men and women in California had narrowed. The typical woman made 87 cents for every dollar made by her male counterpart in 2006, compared to 63 cents for every dollar in 1979.

[LostCat]

LostCat

By: STEVE LAWRENCE – Associated Press

SACRAMENTO — The income gap between the richest and poorest Californians is growing while the growth in middle-income jobs is slowing, according to a report released Wednesday by the California Budget Project.

The report, called A Generation of Widening Inequality, examined changes in California’s economy between 1979 and 2006.

It found that most of the state’s job growth during that period took place at the ends of the income scale. Nearly 28 percent of the new jobs went to the lowest fifth of wage earners while another 28 percent went to those in the top wage bracket.

In contrast, only 6 percent of new jobs were in the second fifth and 14 percent were in the third highest bracket.

The trend has increased in recent years, with more than two out of every three new jobs between 1999 and 2005 created at either the top or bottom of the pay scale. At the same time, the state lost jobs in the second highest wage bracket.

“A significant faction of California’s work force is falling behind,” said Jean Ross, executive director of the Sacramento-based nonpartisan group. “The rising tide has left some boats high and dry.”

Incomes of workers in the highest bracket jumped 18.4 percent between 1979 and 2006 while those in the middle saw their wages grow by only 1.3 percent. The state’s lowest-paid workers actually lost 7.2 percent in earnings when inflation was taken into account, the report said.

In 1979, the wealthiest hourly workers in California and the U.S. made 2.4 times as much as their poorest counterparts. By 2006 that gap had increased to 3.1 times in California compared to 2.7 times nationally, according to the report.

Ross said that “a lot of different factors,” including federal tax policies, a loss of manufacturing jobs and an increase of lower-paying service-sector jobs had contributed to the widening gap.

“It’s a very complex picture,” she said. “You can’t go out and say there’s one factor that’s responsible for what’s going on in the economy.”

The weak growth in middle-income jobs would make it harder for low-income workers to improve their lots, Ross said.

She said automatic increases in the minimum wage to keep up with inflation, an earned income tax credit for low-wage workers and improving the state’s schools and job training programs would help close the gap.

“The best way to attract high-wage jobs, good jobs, to California is by making sure that the education system turns out well-trained workers,” she said. “In the short term, people follow jobs. But in the long term, jobs tend to follow workers. Employers will go where they find a highly educated work force.”

She said education isn’t a sure cure. One of the “troubling trends” found by the study was that earnings of young college graduates did not keep pace with inflation between 2000 and 2006, Ross said.

Art Pulaski, executive secretary-treasurer of the California Labor Federation, said the report demonstrates the need for federal tax policies that reward companies that keep jobs in the U.S.

He also said corporations should rethink their policies and shift more of their wages to lower- and middle-income workers.

“The middle class is disappearing,” he said. “We’re losing out on wages and somebody else is gaining, and that somebody else is primarily the executives and businesses. The good jobs are being sent overseas, and more and more what we’re seeing is service sector jobs, which tend to be lower-wage jobs.”

Vince Sollitto, a spokesman for the California Chamber of Commerce, said the report’s findings demonstrate the value of enterprise zone programs that give businesses tax breaks for locating in distressed areas.

He said it also “reinforces the danger of imposing unique, California-only mandates on business.”

The report did find that the wage gap between men and women in California had narrowed. The typical woman made 87 cents for every dollar made by her male counterpart in 2006, compared to 63 cents for every dollar in 1979.

[Allan from Fallbrook]

Where have we heard all of this before?

Oh, yeah. During the 1970s we had stagflation, oil shocks and the rising dominance of the Soviet “empire”.

During the 1980s we had Japan, Inc. and their newfound wealth, coupled with their plan to dominate the world (starting with their purchase of Pebble Beach and Rockefeller Center).

During the late 1990s we had the rise of China and the Asian Tiger economies.

Not to pooh pooh any of what you are saying, because we do face serious challenges as a country and an economy, but if you think India and China are serious competition to the US in the near run, you are horribly misinformed.

Do a little research about the state of China’s economy, specifically as it relates to their ability to develop adequate accounting, finance and legal standards, as well as their marked inability to maintain a stable management corps of talent.

India is facing problems with corruption, infrastructure issues, and a skyrocketing cost of labor.

Russia? Iran? Please. Russia’s supposed power is simply a function of their over-reliance on very finite natural resources (gas and oil) and their shakedown of Western Europe by selling same. Putin is a thug, nothing more.

Iran is a regional power, if that, and faces a brewing internal revolution from an informed citizenry that is becoming ever more dissatisfied with Iran’s hard line approach in the region and the world.

Too many conspiracy theories and not enough objective reading of both current affairs and past history.

[Allan from Fallbrook]

Where have we heard all of this before?

Oh, yeah. During the 1970s we had stagflation, oil shocks and the rising dominance of the Soviet “empire”.

During the 1980s we had Japan, Inc. and their newfound wealth, coupled with their plan to dominate the world (starting with their purchase of Pebble Beach and Rockefeller Center).

During the late 1990s we had the rise of China and the Asian Tiger economies.

Not to pooh pooh any of what you are saying, because we do face serious challenges as a country and an economy, but if you think India and China are serious competition to the US in the near run, you are horribly misinformed.

Do a little research about the state of China’s economy, specifically as it relates to their ability to develop adequate accounting, finance and legal standards, as well as their marked inability to maintain a stable management corps of talent.

India is facing problems with corruption, infrastructure issues, and a skyrocketing cost of labor.

Russia? Iran? Please. Russia’s supposed power is simply a function of their over-reliance on very finite natural resources (gas and oil) and their shakedown of Western Europe by selling same. Putin is a thug, nothing more.

Iran is a regional power, if that, and faces a brewing internal revolution from an informed citizenry that is becoming ever more dissatisfied with Iran’s hard line approach in the region and the world.

Too many conspiracy theories and not enough objective reading of both current affairs and past history.

[Allan from Fallbrook]

Where have we heard all of this before?

Oh, yeah. During the 1970s we had stagflation, oil shocks and the rising dominance of the Soviet “empire”.

During the 1980s we had Japan, Inc. and their newfound wealth, coupled with their plan to dominate the world (starting with their purchase of Pebble Beach and Rockefeller Center).

During the late 1990s we had the rise of China and the Asian Tiger economies.

Not to pooh pooh any of what you are saying, because we do face serious challenges as a country and an economy, but if you think India and China are serious competition to the US in the near run, you are horribly misinformed.

Do a little research about the state of China’s economy, specifically as it relates to their ability to develop adequate accounting, finance and legal standards, as well as their marked inability to maintain a stable management corps of talent.

India is facing problems with corruption, infrastructure issues, and a skyrocketing cost of labor.

Russia? Iran? Please. Russia’s supposed power is simply a function of their over-reliance on very finite natural resources (gas and oil) and their shakedown of Western Europe by selling same. Putin is a thug, nothing more.

Iran is a regional power, if that, and faces a brewing internal revolution from an informed citizenry that is becoming ever more dissatisfied with Iran’s hard line approach in the region and the world.

Too many conspiracy theories and not enough objective reading of both current affairs and past history.

[JES]

We all know that the entire thing is being coordinated by a few smart Jewish guys in the same way that they created 9/11. Everybody knows that…

[JES]

We all know that the entire thing is being coordinated by a few smart Jewish guys in the same way that they created 9/11. Everybody knows that…

[Author]

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