people are still waiting for the election.
LETS SEE. pay 1998. $6.50 hour and gas was 78 cents a gallon and milk was 1.59 a gallon and bread was 55 cents a loaf. Rent was 325.00 month and health care was 7.50 a week with my corporation paying the majority with the government reimbursing them for offering them that. FAST FORWARD 10 years. pay 10.50 an hour. GAS 3.00 a gallon going to just under 3.50 this summer. Milk 4.25 gal. Bread 2.50 loaf and going up.Came into a house 10 years ago and it was 80,000.00 now values at 160,000.00. Taxes 10 years went from 2,000.00 year to 4,000.00 a year now. Thank god I have the house. Went back to apartment to see what Rent is and it is now 800.00 month. HEALTH CARE 15.75 a week. This is what caused stagflation. If you are earning 20 million a year then inflation only went up 10% in ten years and my inflation went up 200% in 10 years. AND THAT MY FRIEND IS STAGFLATION THAT IS NOW AFFECTING NOT ONLY THE WORKING POOR BUT NOW THE MIDDLE CLASS. THIS IS HOW THE FED GETS IT WRONG. THE FED AVERAGE'S THE ENTIRE PAY FOR THE COUNTRY AND THEN THE ENTIRE RAISING COST AND AVERAGES IT OUT THUS WE GET 10% INFLATION RATE FOR THE YEAR MORE OR LESS. WHAT THE FED NEEDS TO DO IS AVERAGE THE INFLATION TO JUST THE MIDDLE CLASS AND THE WORKING POOR AND THEY WOULD GET A MORE ACCURATE READING OF THE ECCOMONY. Now one of 2 things will happen either prices will have to drop to 1998 prices Major recession with stagflation or wages for the middle class and working poor will have to rise very quickly. If President bush and congress don't act and raise minimum wage then it will be a very hard recession with stagflation.Classic Ecomney 101. Does anyone out there realize if we had indexed min. wage to yearly inflation it should be about 20.00 an hour? This is why these recessions cycle about every 20 years. President Bush could become the national Hero if he acted this month and have someone in the republican congress to submit a bill to congress to get the permanent tax cuts through congress by just bitting the bullet and craft a bill to state that permanent tax cuts to min. wage to 4.00 an hour effective in one month with a 2.00 a year increase until it reaches what min wage should be indexed to inflation. Then tie min wage to a yearly increase to its inflation ( middle and lower class). This way the corporations can keep and invest most of their money and yet the hard working people who keep the cooperations running will be able to afford to buy products from the cooperations. If we want to keep a quality of live then we need the wages. I know corporations say the labor will be to high but with the savings they will receive from taxes will more than exceed what they pay out for wages. We can no longer sight other country's labor because we can't compete with 3.00 a day and retain our life style. Why don't we give a hand up to those country's and in free trade raise their pay gradually towards our pay? This way as they have more to spend we will have more to sell them. Just my take on the situation on this mess. [more]
Does anyone know what is up with the reverse morages? I am seeing more and more comercials about this and it just seems to me like a new bank scam?
Mim wage will go up in nov.08 by one dollar and another 1.00 in nov.09. Why not just in 2 weeks make the min wage 7.85 instead of the stimulus package that will just get us deeper in debt and go to because the way gov. does income tax to Illegal Aliens as well and if they all go out to buy goods instead of paying house debt it will go to China. Where most of everything is made.
Dear Newsmax Reader:
Please find below a special message from our sponsor, Numbers USA. They have some important information to share with you.
Illegal Aliens SHOULD NOT be Given Rebates
Illegal Aliens SHOULD be Given Rebates
Rep Boehner (R-OH), and Speaker Pelosi (D-CA) spearheaded President Bush's Economic Plan
House Allows Rebates for 3 MILLION Illegal Aliens In $146 Billion Stimulus Plan!!
...Bill Makes Them Equal to US Citizens and Legal Residents!
As part of the government's $146 billion economic stimulus plan, the House INEXCUSABLY plans to grant rebates of $300-$600 apiece to illegal aliens. This would be potential losses of between $900,000,000 and $1,800,000,000! This is yet another example of how illegal immigration hinders our economy.
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VOTE IN OUR INSTANT POLL
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Yahoo! Alerts Yahoo! News - My Alerts - Edit Alert Sunday, February 3, 2008 6:31 PM PST
Societe Generale on trial in French-Israel scam
AFP via Yahoo! News Sun, 03 Feb 2008 2:34 PM PST
Embattled French bank Societe Generale faces fresh troubles Monday when a trial opens in Paris involving a vast money laundering scam between France and Israel.
Rare Israel-Lebanon border clash leaves 1 dead
USA Today Sun, 03 Feb 2008 12:19 PM PST
Israeli forces opened fire across the Lebanese border late Sunday, killing one person and wounding another, Lebanese security officials said, a rare shooting since the 2006 Israel-Hezbollah war.
Lebanese man killed in gunfire from Israel: sources
Reuters via Yahoo! News Sun, 03 Feb 2008 1:13 PM PST
A Lebanese man was killed on Sunday in south Lebanon when Israeli forces opened fire from northern Israel, security sources in Lebanon said.
Israel says Hamas got hi-tech weapons in border breach
AFP via Yahoo! News Sun, 03 Feb 2008 6:27 AM PST
The head of Israel's domestic intelligence agency said on Sunday that "massive" amounts of sophisticated weaponry had been brought into Gaza during the protracted breach of its border with Egypt.
Sharapova fires Russia past Israel into Fed Cup semis
AFP via Yahoo! News Sun, 03 Feb 2008 6:37 AM PST
Maria Sharapova helped fire defending champions Russia into an unassailable 3-1 lead over Israel in their Fed Cup World Group quarter-final clash here on Sunday.
Israel phone company launches porn-free service
ZDNet Sun, 03 Feb 2008 1:07 PM PST
Bezeq Israel Telecom launches a service that would block calls to porn and other "improper" destinations in a bid to attract ultra-Orthodox customers. TEL AVIV--Bezeq Israel Telecom, the country's dominant phone company, on Sunday launched a service that would block calls to porn and other "improper" destinations...
Israel: Breach prompted weapons smuggling
UPI Sun, 03 Feb 2008 10:49 AM PST
The head of the Shin Bet, Israel's internal security service, said Sunday the recent border breach allowed weapons to be smuggled into the Gaza Strip.
Army probe: Israel bungled Lebanon war
AP via Yahoo! News Sat, 02 Feb 2008 8:11 PM PST
An internal military investigation has concluded that Israel's 2006 war against Hezbollah guerrillas in Lebanon failed because top commanders didn't communicate properly and were slow to prepare a ground offensive, the retired general who conducted the probe said Saturday. [more]