U.S. Wages Down 23% Since 2008

[ELVIS]

Breitbart

U.S. jobs pay an average 23% less today than they did before the 2008 recession, according to a new report released on Monday by the United States Conference of Mayors.



In total, the report found $93 billion in lost wages.

Jobs lost during the recession paid an average $61,637. As of 2014, jobs in the same sectors paid an average of $47,171 annually.

"Under a similar analysis conducted by the Conference of Mayors during the 2001-2002 recession, the wage gap was only 12% compared to the current 23%--meaning the wage gap has nearly doubled from one recession to the next," stated the Conference of Mayors in a statement.

The report also found that 73% of metro area households earn salaries of less than $35,000 a year.

President Barack Obama, who is on a two-week vacation at Martha's Vineyard, has yet to comment on the dour economic findings.

[FORD]

As our friend in the red suit would say.... what a steaming pile of dragonshit spin.

[twonabomber]

I dunno. Mine's only gone up since before 2008.

[Seshmeister]

Obama is either socialist or he isn't, can't have it both ways.

And in the real world away from Fox News and idiots on the internet he clearly isn't.

Without getting all technical and stuff the rich have got much much richer and the poor poorer and the middle a bit poorer too.

[Nitro Express]

Actually who's president has less to do with large economic cycles than demographics do. Economies are driven by baby booms. Right now we are in a demographic bust and also a 100 year cycle where the upper percent of society skim more income for themselves because they manage to buy off politicians when nobody cares. Glass Steigal was repealed when everyone was focused on getting rich quick in real estate or in the stock market. When Clinton was president. Once people get burned enough and pissed enough, the regulation returns and the bubbles the speculators created pop and the wealth gap closes.

All I know is when the real estate bubble pops again there will be some bargains to be had. Once in a lifetime fortunes will be made. These are times the next Joe Kennedy makes his killing and a new family will party for decades on the wealth made. So we are again in the age of robber barons and bubbles. No way to fix it quick. Of course in such times, the politicians want a war. They need a distraction.

Obama is history. He will be known as the first US black president and little else. If he wasn't black he would be as forgettable as George W Bush and frankly I think Obama has more in common with W than most people would care to admit.

[Nitro Express]

Obama is either socialist or he isn't, can't have it both ways.

And in the real world away from Fox News and idiots on the internet he clearly isn't.

Without getting all technical and stuff the rich have got much much richer and the poor poorer and the middle a bit poorer too.

It's pretty obvious Obama is a corporate president. He's a GE, Goldman Sachs, and Monsanto man. I think calling him a corporate fascist would be quite accurate.

[jacksmar]

Obama is either socialist or he isn't, can't have it both ways.

And in the real world away from Fox News and idiots on the internet he clearly isn't.

Without getting all technical and stuff the rich have got much much richer and the poor poorer and the middle a bit poorer too.

Socialist Workers Party’s Alex Callinicos backs Scottish nationalism
By Jordan Shilton
12 August 2014

Britain’s Socialist Workers Party’s (SWP’s) leading theoretician, Alex Callinicos, has authored an article in the latest edition of the International Socialist Journal in which he gives unconditional backing for Scottish independence.

“Towards the breakup of Britain” is pure political deception. The core of his argument is that anything which produces the break-up of the British state is progressive. He begins by asserting, “The outcome of the referendum on Scottish independence on 18 September could tear a huge chunk out of the United Kingdom, rendering its very name a joke.”

-----------------------------------------------------------------------------------

Don't you have your own socialist problem to curry?

[Kristy]

Oh, Dear. Well, better run right out and buy some Chinese made crap at the local Walmart. That'll fix the economy. Funny how that fucking "article" by Trollvis fails to mention women's wages.

[DLR Bridge]

I dunno. Mine's only gone up since before 2008.

Same here, thank fuck. Unfortunately, inflation is always a few steps ahead of me.

[Mushroom]

Obama is either socialist or he isn't, can't have it both ways.

And in the real world away from Fox News and idiots on the internet he clearly isn't.

Without getting all technical and stuff the rich have got much much richer and the poor poorer and the middle a bit poorer too.

Yes! Thank you Sesh.

Obama is actually a Marxist! He truly believes “From each according to his ability, to each according to his need."

[Mushroom]

Oh, Dear. Well, better run right out and buy some Chinese made crap at the local Walmart. That'll fix the economy. Funny how that fucking "article" by Trollvis fails to mention women's wages.

It did not mention men's wages either. Oh Fuck! Who are they talking about????

"Now I'm really confused." Kristy

[dazzlindino]

Oh, Dear. Well, better run right out and buy some Chinese made crap at the local Walmart. That'll fix the economy. Funny how that fucking "article" by Trollvis fails to mention women's wages.

He didn't have time or care to find the women thingy...
He is still searching for another xtian persecution article...yet he thinks 99% of the people that claim to be xtianz aren't.....go figure...

[ELVIS]

Funny how that fucking "article" by Trollvis fails to mention women's wages.

Funny how you're so trendily dumb...

Hey, you wanna know what the wages of sin is ??

DEATH

[dazzlindino]

Funny how you're so trendily dumb...

Hey, you wanna know what the wages of sin is ??

DEATH

everyone dies....or do you plan to live forever....

[Seshmeister]

Don't you have your own socialist problem to curry?

I don't view it as a problem.

[Seshmeister]

everyone dies....or do you plan to live forever....

Fuck asking him that is like saying Candyman 5 times...

[DONNIEP]

Fuck asking him that is like saying Candyman 5 times...

Here it's Bloody Mary. Still to this day I refuse to go into a dark bathroom and say it three times. Cause I know that bitch will come out behind me and kill me!

[jacksmar]

I don't view it as a problem.

So, is that one vote for the SS and burn the pound or are you 'Just' for being a national socialist? ( you can't have it both ways)......

[Nitro Express]

Yes! Thank you Sesh.

Obama is actually a Marxist! He truly believes “From each according to his ability, to each according to his need."

Obama was mentored by Marxists but he does the bidding of international corporations. He's more of a fascist than a Marxist. I don't know why people give him so much credit. He's a goof off. Stalin and Hitler spent late nights in the office micro-managing their exploits. Obama goes on vacation, bullshits, and plays golf. He's a bigger goof off than Dubya was. Who's doing the work I'm sure is his staff who of course work for the same corporations that Obama works for. I'm sure Vallerie Jarrett is busting her ass. People got Mitt Romney when they thought they were voting for a socialist. Both the left and right got duped.

It's not that hard to figure out folks. The presidents are actors and who owns them are in charge. Barrack Obama is a stage name. Barry changed his name because whoever owns him wanted to make him more internationally appealing. Why do you think they gave him the Nobel Peace Prize for doing nothing? He reads his lines and plays his part.

[Mushroom]

Is President Obama Really A Socialist? Let's Analyze Obamanomics

http://www.forbes.com/sites/peterfer...e-obamanomics/

President Obama says that income taxes must be raised on the rich because they don’t pay their fair share. The indisputable facts from official government sources say otherwise.

The CBO reports based on official IRS data that in 2009 the top 1% of income earners paid 39% of all federal income taxes, three times their share of income at 13%. Yet, the middle 20% of income earners, the true middle class, paid just 2.7% of total federal income taxes on net that year, while earning 15% of income. That means the top 1% paid almost 15 times as much in federal income taxes as the entire middle 20%, even though the middle 20% earned more income.

Moreover, the official data, as reported by CBO and the IRS, show that the bottom 40% of income earners, instead of paying some income taxes to support the federal government, were paid cash by the IRS equal to 10% of federal income taxes as a group on net.

Any normal person would say that such an income tax system is more than fair, or maybe that “the rich” pay more than their fair share. So why does President Obama keep saying that the rich do not pay their fair share? Is he ignorant? Wouldn’t somebody in his Administration whisper to him that he is peddling nonsense?

The answer is that to President Obama this is still not fair because he is a Marxist. To a Marxist, the fact that the top 1% earn more income than the bottom 99% is not fair, no matter how they earn it, fairly or not. So it is not fair unless more is taken from the top 1% until they are left only with what they “need,” as in any true communist system. Paying anything less is not their “fair” share. That is the only logical explanation of President Obama’s rhetoric, and it is 100% consistent with his own published background.

Notice that Obama keeps saying that “the rich,” a crass term implying low class social envy, don’t “need” the Bush tax cuts. That is reminiscent of the fundamental Marxist principle, “From each according to his ability, to each according to his need.”

Good tax policy is not guided by “need.” It is guided by what is needed to establish the incentives to maximize economic growth. The middle class, working people and the poor are benefited far more by economic growth than by redistribution. That is shown by the entire 20th century, where the standard of living of American workers increased by more than 7 times, through sustained, rapid economic growth.

But President Obama’s tax policy of increasing all tax rates on savings and investment will work exactly contrary to such economic growth. It is savings and investment which creates jobs and increases productivity and wages. Under capitalism, capital and labor are complementary, not adversarial, exactly contrary to the misunderstanding of Marxists. More capital investment increases the demand for labor, bidding up wages to the level of worker productivity, which is enhanced by the capital investment.

Increasing marginal tax rates on savings and investment, however, will mean less of it, not more. That will mean fewer jobs, and lower wages, just as we have experienced so far under President Obama, with median household incomes (hello middle class) declining by 7.3% (a month’s worth of wages) during his first term, even faster after the recession supposedly ended in 2009. That will only get worse in Obama’s unearned second term, which can only be explained as “democracy failure” analogous to “market failure.”

If the tax increases are limited to those who earn $1 million or more, I don’t know if that alone will be enough to create a recession, as I am certain would be the result with Obama’s original policy of targeting couples making over $250,000 a year, and singles making over $200,000.

But there is so much in the Obama economic program that is contractionary. His second term promises enormous new regulatory burdens and barriers. The EPA is shutting down the coal industry, and Interior will join with it to sharply constrain oil production further, despite Obama’s duplicitous campaign rhetoric taking credit for the production produced by the policies and efforts of others. I expect Obama’s EPA to burden natural gas fracking until it goes the way of the coal industry as well, stealing new found prosperity for many Americans. All of this will sharply raise energy prices, which will be another effective tax on the economy.

Moreover, President Obama has said that a priority in his second term will be global warming, even though global temperatures have not been increasing for 16 years now, and the developing world led by Brazil, Russia, India and China (the BRIC countries), which are contributing to “greenhouse gases” at a much greater accelerating rate than the U.S., have rejected sacrificing any slice of their economies to that ideological phantom. While even the Democrat Congress of Obama’s first term failed to adopt “cap and trade,” EPA is advancing with global warming regulations that will cost the economy trillions in still another effective tax.

Then there are the onrushing regulatory burdens of Obamacare, including the employer mandate, which will require all businesses with 50 employees or more to buy the most expensive health insurance available. That will be an effective tax on employment. As Obamacare forces up the cost of health insurance, that will be still another effective tax increase on all employers already providing health coverage. Hundreds of regulations still in the pipeline under the “Dodd-Frank” legislation are already forcing the financial sector to contract, and threaten the business and consumer credit essential to full recovery.

In addition, few are adequately considering the longer term contractionary effects of the Fed’s current policy mischief. For years now, businesses and investments have been launched all over the country based on the near zero interest rates, and even below zero real rates, that Fed policies have perpetuated, along with the easy free money . When those rates inevitably rise back to normal, most likely after these Fed policies have resparked inflation, the basis for those businesses and investments will be gone, and many if not most will go into liquidation, which will be highly contractionary as well.

However, I am certain in any event that the Obama tax increases will result in less revenue rather than more. Obama has been proposing to increase the capital gains tax rate by 58% on the nation’s job creators, investors and successful small businesses, counting his Obamacare tax increases that take effect on January 1 as well the expiration of the Bush tax cuts. While his misleading talking points say there will be no tax increases for 97% of small businesses, that counts every Schedule C filed for every part time or hobby sole proprietorship, however marginal the earnings. The small businesses that would bear President Obama’s originally proposed tax increases earn 91% of all small business income, and employ 54% of the total private sector U.S. work force, as reported in Investors Business Daily on November 9.

Over the last 45 years, every time capital gains tax rates have been raised, revenues have fallen, and every time they have been cut, revenues have increased. The capital gains rate was raised 4 times from 1968 to 1975, climbing from 25% to 35%. The 25% rate produced real capital gains revenues in 1968 of $40.6 billion in 2000 dollars. By 1975, at the higher rate, capital gains revenues had plummeted to $19.6 billion in constant 2000 dollars, less than half as much.

After the capital gains rate was cut from 35% to 20% from 1978 to 1981, capital gains revenues had tripled by 1986 compared to 1978. Then the capital gains rate was raised by 40% in 1987 to 28%. By 1991, capital gains revenues had collapsed to $34.4 billion, down from $92.9 billion in 1986, in constant 2000 dollars adjusted for inflation.

Obama’s capital gains tax increase next year will reduce capital gains revenues again as well.

Similarly, when President Bush slashed the income tax on corporate dividends, dividends paid soared, and revenues from taxation of those dividends soared along with them. With Obama’s tax on dividends reversing that Bush tax cut, those revenue gains will also be reversed.

Finally, those earning over $1 million are the most financially agile of all taxpayers. They can move, shelter, and transform income more easily than anyone else. Most likely, the number of American millionaires, or at least American taxpayers reporting a million in income, will plummet after the Obama tax increases, and so will income taxes paid by millionaires.

Of course, if the tax increases and other policies of Obamanomics push the economy back into recession, total federal revenues will decline rather than rise. Federal deficits and debt will soar further, along with unemployment and poverty, while jobs, wages and incomes decline further. That is what happened the last time federal economic policy followed the preferred prescription of the Washington Establishment, and also adopted a package of tax increases, in return for chimerical spending reductions, when George H.W. Bush was President.

Can such public policy malpractice make any sense? President Obama says it is “fair” in his redistributionist sense of fairness. But what is fair about fewer jobs, lower wages, and higher unemployment, poverty, federal deficits, and national debt, at the price of higher taxes, for anybody?

What is fair is a flat tax, where everyone pays the same tax rate, which is true equality. Under such a tax system, if you dear reader make 10 times what I do, then you pay 10 times what I do, not 20, 30 or 40 times, as advocated by so-called “progressives,” (a polite, Americanized term for Marxist). If President Obama wants Warren Buffett to pay the same tax rate as his Secretary, he can adopt that flat tax, and the economy will boom. But President Obama seems to think that the increased dependence of further recession best suits his political interests, and those of the Democrat Party, rather than the independence fostered by a booming economy. See what I mean by “democracy failure?”

[ELVIS]

or do you plan to live forever....

I plan on the "everlasting life" Jesus and the Apostles all speak about...

[dazzlindino]

I plan on the "everlasting life" Jesus and the Apostles all speak about...

really... you have only "read" what constantine's combined religious group put together....nothing more...

[Seshmeister]

So, is that one vote for the SS and burn the pound or are you 'Just' for being a national socialist? ( you can't have it both ways)......

Most of Europe including the happiest countries in the world are run by Social Democrats, it's nothing like national socialism or Marxism.

[ELVIS]

LMAO !!

Europe is bankrupt...

[dazzlindino]

LMAO !!

Europe is bankrupt...

and you know this how...through the same corrupt / propaganda news sources you say are un reliable or.....

[FORD]

Most of Europe including the happiest countries in the world are run by Social Democrats, it's nothing like national socialism or Marxism.

Or in other words, Bernie Sanders. Not Karl Marx, Adolf Hitler, or Joe Stalin.

SANDERS/WARREN 2016!!

[jacksmar]

Most of Europe including the happiest countries in the world are run by Social Democrats, it's nothing like national socialism or Marxism.

So you’re fine with the Bank of England setting interest rates for Scotland? And that’s what they call socialist independence in Scotland?

[Kristy]

It did not mention men's wages either. Oh Fuck! Who are they talking about????

"Now I'm really confused." Kristy

Fuck you. The whole fucking point of this article was about male wages.

[Nitro Express]

LMAO !!

Europe is bankrupt...

Not really. The central banks are. They just try and pass the debt onto the tax payer. What everyone needs to do is put their BIS affiliated private central bank out of business and then issue money out of their treasury department ran by elected officials. Then you get interest free financing instead of paying the Rothschilds and whoever else is running the ponzi scheme.

The real wealth is how industrious the citizens are. What they can produce and sell and any natural resources that are around. The real wealth is actual stuff. Not blips on a computer or paper backed by nothing.

The elite know that. They get countries into debt loaning out money made from nothing and when they default they get real stuff like plantations, mines, energy companies in payment. Nice scam isn't it? Most the world fell for it.

[Mushroom]

Fuck you. The whole fucking point of this article was about male wages.

Ok let's do it!
Where in that article above does it say "male"? What, you can't concentrate? Or are you so bitter towards men that you are blind?

[Seshmeister]

So you’re fine with the Bank of England setting interest rates for Scotland? And that’s what they call socialist independence in Scotland?

They do that already.

A country of 5 million is always going to have it's interest rates set by someone else whether it's London or Frankfurt.

One of the big economic arguments is that we would be able to set our own corporation taxes and bring in a bunch more tech jobs.

[jacksmar]

They do that already.

A country of 5 million is always going to have it's interest rates set by someone else whether it's London or Frankfurt.

One of the big economic arguments is that we would be able to set our own corporation taxes and bring in a bunch more tech jobs.

So, accepting British government debt and staying in NATO under the Socialist Scottish flag. Got it.

And the currency is either the euro or sterling. And the pound is what to sterling?

[Kristy]

Ok let's do it!
Where in that article above does it say "male"? What, you can't concentrate? Or are you so bitter towards men that you are blind?

You're not worth the time, you fucking idiot.

[Nitro Express]

They do that already.

A country of 5 million is always going to have it's interest rates set by someone else whether it's London or Frankfurt.

One of the big economic arguments is that we would be able to set our own corporation taxes and bring in a bunch more tech jobs.

Become a banking haven like Switzerland. Unless you have your own currency you aren't independent at all. Who controls the interest rates control everything. The EU is corrupt as all get out. Might as well just stay in the UK. At least London are crooks you are familiar with. LOL!

[Seshmeister]

So, accepting British government debt and staying in NATO under the Socialist Scottish flag. Got it.

And the currency is either the euro or sterling. And the pound is what to sterling?

The pound is sterling, just another word for it.

Scotland has historically been a little more to the left than England on average in the same way that New York is to Florida, it's still in the same ball park but never votes conservative. We have our own legal system, education system and state legislature with more power than US states already. Scotland would stay in NATO but get rid of all nuclear weapons. At the moment the UK nuclear deterrent is housed just 50 miles from our largest city and that pisses some people off.

The polls are around 55% against, 45% for independence at the moment. It seems unlikely to happen at the moment, retired people vote more than anyone else and they are naturally more conservative and worry about their UK government pensions...

[ELVIS]

The whole fucking point of this article was about male wages.

Drink drugs...

Don't do milk...

[jacksmar]

The pound is sterling, just another word for it.

Scotland has historically been a little more to the left than England on average in the same way that New York is to Florida, it's still in the same ball park but never votes conservative. We have our own legal system, education system and state legislature with more power than US states already. Scotland would stay in NATO but get rid of all nuclear weapons. At the moment the UK nuclear deterrent is housed just 50 miles from our largest city and that pisses some people off.

The polls are around 55% against, 45% for independence at the moment. It seems unlikely to happen at the moment, retired people vote more than anyone else and they are naturally more conservative and worry about their UK government pensions...

I know that but the point is even though Scotland doesn’t want to governed by Labour Scotland still would like England to be governed by Labour.

For years people have been saying to Scotland that they are a wee, poor, benighted country; that they can’t do anything right.
EU membership will cost Scotland major dollars and they will be pressured by the EU to raise taxes and meet the supposed EU standards for membership.

That’s bogus.

Breakaway from it all and Scotland could become one of the richest countries in 5-10 years save for the socialism like defense, NHS, pensions, and infrastructure.

Scotland should be the new USSR United Socialist Scotland Republic…..save for the fact that the nation is teaming with Muslim extremists, Sharia, and the most radical elements of the faggot clans.

We could ship you the Kenyan Houseboy to help get started….gladly.

[Kristy]

That’s bogus.

Just like your warped definition of what socialism is.

[Kristy]

Drink drugs...

Don't do milk...

Maybe, someday when you get yourself a job.

[Kristy]

Funny how you're so trendily dumb...

Hey, you wanna know what the wages of sin is ??

DEATH

Well then, what are the wages of trolling?