Tuesday, October 11, 2011

A LOOK AT REASONS TO BE ON THE STREET

This graph bears a close look, it charts just two things % unemployment and wages both since 2000 to present. The startling fact is that real wages fell about two percent during the recession but fell and additional 6.7% in just the last two years... that's $5000 over 11 years and $3600 in just the last two.. over a year we are talking about $300 to $500 bucks a month loss of income.. It's been clear just about forever that most Americans live paycheck to paycheck and have little savings. The argument is not that they should have been more frugal, since we were lead to believe that wages and house prices would rise forever.. So when that became obviously false a lot were forced to fall back on their credit cards to keep their heads above water.. and of course the banks helped them by playing games, with fees, due dates and interest rates climbing as high as 30% . So here we sit, with no one to fend for us , they won't hear us, they blame us, and continue to raise money from the very people who are screwing us.. WHAT IS LEFT... THE STREETS..WE ARE THERE NOW. AND THEY ARE RUNNING SCARED... WE REALLY NEED TO GET BIG ENOUGH AND TOUGH ENOUGH TO CAUSE THEM TO WEAR DIAPERS...

1 comment:

THANKS FOR YOUR INPUT