State unemployment holding steady:

[JoB]

Smitty…

where is this world you speak of where a 3% COLA is a guarantee and anything less that a 5% raise on top of that is worthy of a strike and they pay $50/hour to screw bolts on an assembly line.. ?

because i sure don’t know that world.

the world i know has the most productive workers in the world..

yet while productivity went up.. real wages didn’t.

the world i know has just finished an obscene transfer of wealth from the middle class to the most wealthy .. that’s wage earners to non-wage earners.

American corporations are at an all time high for profitability…

and you tell me workers had to be sacrificed to maintain profitability…

I am not buying it.

and you shouldn’t either.

in fact…

if you are one of those making any of those decisions

i am pretty sure you don’t

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[Escondido]

I found a video that is well worth watching…

full of facts and food for thought regarding our economy.

Keep in mind that this was recorded BEFORE the 2008 crash. Love to hear what you all think.

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[JoB]

escondido..

an hour very well spent.

for those who don’t have an hour…

from the blurb..

“Warren, a law professor at Harvard (The Fragile Middle Class) and her daughter Tyagi, a former McKinsey consultant, have joined forces here to argue here that the two-parent middle-class working family is on the brink of financial disaster. The number of families declaring bankruptcy or receiving a foreclosure against their house has shot up dramatically. Presenting carefully researched economic data to support their arguments, the authors contend that, contrary to popular myth, families aren’t in trouble because they’re squandering their second income on luxuries. On the contrary, both incomes are almost entirely committed to necessities, such as home and car payments, health insurance and children’s education costs. When an unforeseen event such as serious illness, job loss or divorce occurs, families have no discretionary income to fall back on. “

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[Escondido]

JoB, thanks.

I couldn’t find one fact in the video that didn’t ring true.

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[JoB]

that’s because it’s based on fact.

it’s funny how things based on fact make you sit up and take notice.

even when what is presented runs contrary to popular myth.

hubby and I pay for the best health insurance our money can buy from a good employer…

and yet our dental bills routinely run in the thousands without any cosmetic work

the bills from an emergency surgery through a preferred provider have already exceeded that… and we haven’t received the bill for the second surgery yet:(

We have already exceeded what hubby thought was a hugely extravagant healthben account and are dipping into savings :(

we are lucky that hubby has a good job and we will be able to pay those bills… but there goes a substantial chunk of our savings… on basic health care.

Just 5 years ago.. a similar policy through a similar provider would have paid the entire bill.

Our cars are paid for, we rent a modest house.. yet housing, healthcare, and transportation are eating us alive.

Who would have thought that a lifetime of hard work and good jobs would leave us pinching pennies in our golden years?

yes, Elizabeth Warren’s statistics ring true..

because they are the reality we are living.

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[c@lbob]

Elizabeth Warren is an amazing person. I am very glad that Obama has decided to put her in the posisiton to create the consumer protection in the financial reform law. The confirmation zoo that would result from nominating her the head of that new agency would only slow her important work. It is wise to bypass it.

In the thread “Cut spending and raise taxes?” I posted my take on what has happened during the past 40 years. I think Warren’s research explains the reason for the decline I believe the United States has experienced.

Thanks for providing the link, Escondido.

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