Several former treasury secretaries have a bit of a laugh over income inequality

[Brian Stirling]

Robert Rubin - Dem
Henry Paulson - Rep
Tim Geithner - Dem

And here I thought Dems were for the little guy.

As I've been saying for years, both parties are working for the same masters and that isn't you or me. In truth, while the are some differences at the margins, when it comes to economic policy there isn't a dimes worth of difference between the Dems or the Repubs -- and when some of the lefties here like Eskimospy promote the idea that outsourcing is good you get to see how pervasive this disconnection with the middle class is. Not that the righties are any better, quite the contrary!


Brian

 

[IronWing]

Hillary, Bush, Trump and every god damn politician isn't going to be able to save the middle class. The only person who is going to do this is you.

The yearly salary for the American worker is $50k. How can a typical family of four pay their bills, and save for retirement/college funds on that amount of money? It's nearly impossible and this is why we are seeing the decline of the American middle class.

What's the answer? You need to get up your incomes. You are going to need to think differently, because this isn't your parent's economy. Going to college isn't going to cut it anymore. Developing a wealthy mindset is the only way to escape the middle class trap.

If I were in business I would cater to the wealthy. The middle class is assed out. Many don't have money to spend. My mom's cafe was in a wealthy area. We had people who would drop $100-150 on lunch like it was nothing. That's the type of people you want to cater too.

<Pats youngster on top of head>
You know all that "how to get rich" rubbish you're reading was written by folks who got rich selling "how to get rich" rubbish? May I suggest sci-fi/fantasy instead? The plausibility is the same but the sex scenes are better.

 

[Brian Stirling]

<Pats youngster on top of head>
You know all that "how to get rich" rubbish you're reading was written by folks who got rich selling "how to get rich" rubbish? May I suggest sci-fi/fantasy instead? The plausibility is the same but the sex scenes are better.

Yes, watching Mai72 spin like a top is kind of entertaining and he reminds me of that Geico commercial with Pinokio as a motivational speaker.

"I look around this room and see nothing but untapped potential -- you (pointing at Mai72) have potential" and his nose grows.

https://www.youtube.com/watch?v=IzCAbRlj_gc


Brian

 

[Newell Steamer]

Robert Rubin - Dem
Henry Paulson - Rep
Tim Geithner - Dem

And here I thought Dems were for the little guy.

And here I thought 'In Name Only' applied to both sides.

 

[1prophet]

And it's not going to get better from most of the candidates running for office either:

http://www.salon.com/2015/09/07/10_times_gop_candidates_gave_labor_a_giant_middle_finger/



But ofcourse to talk about such is to say we're libtards and socialist and Nazis.

The republicans you hate so much aren't that smart, they just figured out how to tap into the frustrated, backstabbed middle class you libtard socialist types abandoned or took for granted like the unions so you can eat at the same corporate pig trough like the republicans.

One thing about republican pigs is that they aren't ashamed to pig out at the corporate trough, unlike you democrat types that pretend you are still for the people while you wipe the corporate pig slop from your faces.

 

[Jhhnn]

The republicans you hate so much aren't that smart, they just figured out how to tap into the frustrated, backstabbed middle class you libtard socialist types abandoned or took for granted like the unions so you can eat at the same corporate pig trough like the republicans.

One thing about republican pigs is that they aren't ashamed to pig out at the corporate trough, unlike you democrat types that pretend you are still for the people while you wipe the corporate pig slop from your faces.

And we return to the false "They're just as bad!" meme.

It's pathetic.

 

[trenchfoot]

And we return to the false "They're just as bad!" meme.

It's pathetic.

And quite telling in the sense that it's indicative of how sparse the low hanging fruit are for the Repubs.

 

[nickqt]

Robert Rubin - Dem
Henry Paulson - Rep
Tim Geithner - Dem

And here I thought Dems were for the little guy.

Ah, yes. Conservative cognitive dissonance. Such fun!

On even days: Dems are raging communists and socialists!

On odd days: Dems only care about the richest and most powerful!

Must be an odd day, eh?

 

[Knowing]

Robert Rubin - Dem
Henry Paulson - Rep
Tim Geithner - Dem

And here I thought Dems were for the little guy.

Did Geithner ever get busted for the leaking information to Wall St? Will Yellen? I wonder if Tim Cook has filed the public disclosure accompanying that out of band economic report he passed to Cramer when AAPL was cratering last week.

I don't wonder any of those things actually, I do wonder why there doesn't seem to be any bipartisan criticism of the same. Until there is, nothing will change.

 

[Spungo]

You can only have so many of these "let them eat cake" moments before the pitchforks and torches come out. That number of times is proving to be exponentially higher than it used to be.

Remember the time Michelle Obama posted pictures of her dogs eating on fine China at a time when 50 million Americans were on food stamps? I don't think rich people understand how bad that looks. Hillary said she was "dead broke" when her bank account dipped below a quarter of a billion for a couple seconds. Mitt Romney said something like kids should borrow a few hundred thousand from their parents to start a business, and he once had to sell stock because he was running out of cash. Mitt also said something about being a fan of NASCAR because some of his friends own NASCAR teams. He also owned a dancing horse, and then he tried saying Obama was the one who couldn't relate to working class Americans.

Things aren't much better across the pond. The UK government refuses to cut costs because the quality of champagne could suffer. Oh, well sorry for asking such a silly question. They drank 17,000 bottles of champagne and they refuse to cut the budget because the quality or quantity of free booze might decrease. These same people will wonder where they went wrong when hoards of angry brits have a violent revolution.

 

[Fanatical Meat]

Change is coming I don't believe it will be people with pitchforks but at some point politicians will have to do something. Many more people are talking about it than just a couple of years ago. Look at the Republicans giving zero push back on stockbroker tax loop holes. When this was discussed in 2008 we were going to hurt job creators if we taxed their brokers more.
Several extremely wealthy people have said they should be taxed more. Change will happen.

 

[nickqt]

Change is coming I don't believe it will be people with pitchforks but at some point politicians will have to do something. Many more people are talking about it than just a couple of years ago. Look at the Republicans giving zero push back on stockbroker tax loop holes. When this was discussed in 2008 we were going to hurt job creators if we taxed their brokers more.
Several extremely wealthy people have said they should be taxed more. Change will happen.

And yet people say OWS failed. Funny, that.

 

[glenn1]

You can only have so many of these "let them eat cake" moments before the pitchforks and torches come out. That number of times is proving to be exponentially higher than it used to be.

We both get higher inequality and they'll kill some urban progressives in a riot, what's not to like?

 

[glenn1]

And yet people say OWS failed. Funny, that.

Nope, it worked like a charm, you're just gullible.

 

[Doc Savage Fan]

Nope, it worked like a charm, you're just gullible.

Get with the program...it's all Reagan's fault.

 

[fskimospy]

Nope, it worked like a charm, you're just gullible.

Speaking of gullible, that graph is hilarious. It reminds me of the people who said gas was like $1.80 a gallon when Obama came into office.

My question is if you're one of the dishonest people who use that to trick the stupid or if you're one of the stupid.

 

[fskimospy]

Get with the program...it's all Reagan's fault.

Haha, he already hooked one!

 

[Doc Savage Fan]

Speaking of gullible, that graph is hilarious. It reminds me of the people who said gas was like $1.80 a gallon when Obama came into office.

My question is if you're one of the dishonest people who use that to trick the stupid or if you're one of the stupid.

Almost as hilarious as this one? The irony here is that you're always accusing other people of being dishonest.

 

[fskimospy]

Almost as hilarious as this one? The irony here is that you're always accusing other people of being dishonest.

What do you think you're proving here? You either got duped yet again by glenn or you're participating in the same dishonest framing.

Which one is it?

 

[Doc Savage Fan]

What do you think you're proving here? You either got duped yet again by glenn or you're participating in the same dishonest framing.

Which one is it?

I'm "proving" it's all Reagan's fault.

 

[realibrad]

Ah, yes. Conservative cognitive dissonance. Such fun!

On even days: Dems are raging communists and socialists!

On odd days: Dems only care about the richest and most powerful!

Must be an odd day, eh?

Those things are not mutually exclusive.

 

[fskimospy]

I'm "proving" it's all Reagan's fault.

So you're just making nonsensical posts and arguing against no one, haha.

Have a few too many martinis for breakfast? Lol.

 

[Doc Savage Fan]

So you're just making nonsensical posts and arguing against no one, haha.

Have a few too many martinis for breakfast? Lol.

D+ for lack of originally. Come on...you can do better than that!

 

[fskimospy]

D+ for lack of originally. Come on...you can do better than that!

The lack of originality was the point, guy!

Regardless, do you think glenn's chart is a good one? You appeared to.

 

[glenn1]

What do you think you're proving here? You either got duped yet again by glenn or you're participating in the same dishonest framing.

Which one is it?

We're proving that evidently you don't care if inequality is going up so long as it happens under Obama or another Democrat (at 0.476 most recent figures by St Louis Fed provided by the chart).