Great Depression of 2016

[rufus]

I see Macys is closing more stores. http://www.usatoday.com/story/money/business/2015/09/08/macys-store-closings/71896348/

I guess the rebounded US economy didn't rebound their way.

 

[rebelcowboysnb]

I have never seen a Macys that I can remember in my life.

Googled it an the closest one is over an hour an a half from me. (114 miles)

 

[rufus]

My wife said that they had great sales when they closed one of the stores in the valley. She can't wait to shop.

In other matters, China continues to soften the deflation of their stock bubble. http://www.nytimes.com/2015/09/10/w...-in-response-to-stock-market-crisis.html?_r=0

Capitalism was great when it worked for the party elite, but when the tide turned it was a different story. I have to wonder just how much Chinese money is invested in the exchanges outside the country?

Also, the new Volvo seems to me to have the appearance of a Chinese design. I will have to drop by the dealership and give it a close look.

 

[Rosa moschata]

http://www.alternet.org/economy/rob...-lives-strangers-while-ceos-rob-country-blind

 

[hemet dennis]

http://www.alternet.org/economy/rob...-lives-strangers-while-ceos-rob-country-blind

Take all the money from ALL those CEO's and hand it out to all the poor, and it would make zero difference in anything.

But a Democrat will always try to divide the people into groups to fight each other.

 

[Gargoyle]

But a Democrat will always try to divide the people into groups to fight each other.

By making that statement you are dividing people into groups, Democrats and non-Democrats. Therefore, by your own definition, as one who divides people, you have just proven you consider yourself a Democrat.

 

[Rosa moschata]

Take all the money from ALL those CEO's and hand it out to all the poor, and it would make zero difference in anything.

But a Democrat will always try to divide the people into groups to fight each other.

First, that's not what is being endorsed. Second, even if that was the case, it actually WOULD make a difference. See, when a lot of money is in the hands of a few, much tends to become hoarded. When the same sum is in the hands of many, a far greater proportion is spent, driving demand and production. When tax rates changed dramatically under Reagan, hoarding was encouraged at the top. Corporate profits funneled to higher salaries at the top, while downsizing and wage stagnation followed further down. With less corporate tax income, there's less money to upgrade infrastructure -- and, thus, fewer infrastructure-building jobs available. Remember the Hoover Dam? Why don't we see huge projects like that being done anymore?

The inevitable consequence of unrestrained capitalism is feudalism. That a middle class arose previously in Europe was due to the anomaly of various plagues which wiped out large numbers of people, creating a demand for labor as the population decreased. What restrained it during our prosperity years were the higher tax rates for upper incomes, and government spending on projects which "built America" and employed many -- who then had more money for buying goods, which spurred production, which meant more jobs available, etc.

But those relatively few who benefit from the current situation know that the party will end when enough people wake up. So they get people to vote against their own financial interests by embracing emotionally-charged issues, and finance their campaigns with huge donations from those who want to keep things running as they are. They sell you on promises of lower taxes for you, not mentioning the huge breaks -- or even rebates -- offered in the same plan for those who will continue hoarding. And in the meantime, we have crumbling roads and people willing to work on fixing them, but no one willing to foot the bill.

 

[Rosa moschata]

 

[hemet dennis]

So tired of these clowns that say all we have to do is pay the workers more and everything will be just great. This clown says he owns many companies, so when did he start paying double the going wage rate ? He talks the talk but fails to walk the walk !
Yes the CEO's jobs will be the last ones automated, the first ones will be the 100's of thousands of order takers getting that higher minimum wage that will be automated out of work.

And the stupid pants thing, well maybe the rich don't buy more pants, but I would bet they have bought a lot more planes and yachts then middle class workers !

The simple fact is there are more workers than jobs in this country. And one of the reasons for that is American consumers wanting lower prices more than wanting their neighbors to have jobs here. When you buy things from overseas you are supporting workers in countries overseas ! When you support overseas workers you add to the federal deficit. That is why we have $18 trillion in debt !

 

[hemet dennis]

Quote:
Most people who identify as Democrats have just fell for the BS line. And not that Republican leadership are much better.