Where has the middle class gone?

[Guest]

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"You work three jobs? Uniquely American, isn't it? I mean, that is fantastic that you're doing that. Keep working hard."
--President Bush, to a divorced mother of three in Omaha, Nebraska on Tuesday

 

[Guest]

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Pat_1111 wrote:

"You work three jobs? Uniquely American, isn't it? I mean, that is fantastic that you're doing that. Keep working hard."
--President Bush, to a divorced mother of three in Omaha, Nebraska on Tuesday

Actually, he did not say the "Keep working Hard" part.

THE PRESIDENT: Uniquely American, isn't it? I mean, that is fantastic that you're doing that. (Applause.) Get any sleep? (Laughter.)

 

[Guest]

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He said keep working hard after the Get any sleep comment. I was to sick in the stomach to add the get any sleep comment...how very cruel?

One of her children is handicapped and she has no health insurance.

Does this feel like Animal Farm to anyone, else?

Get any sleep? That really made me ill that he would tell that to that poor women.

Also when I see him going around talking about social security reform it appears he is talking to a bunch of six graders...not adults.

When you hear those over 55 are ok. That means those under 55 better lube up.

I just could not add the Get any sleep comment...but you are correct.

CAN YOU BELIEVE THE CROWD started to laugh after the get any sleep comment?

 

[Rolo]

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It's the only logical question upon discovery of one working three jobs.

What I do not understand is that you complain that the board has lost its focus since we (I?) are not talking about investing, then you misquote and bash the President about something that has nothing to do with investing, economy, etc. This is related to TSP how?

You do not know the context of the conversation, you cannot extract one sound-bite and formulate a conclusion. What was said prior to this? Where did the conversation go afterwards?

I suppose it's Bush's fault that woman is a divorced mother of three? Did he handicap the child, too? Did he cancel her health insurance? So now I am supposed to pay for it? If you cannot afford kids, then don't have them! (We need a license to get married, right? Why not a license to have children, too?)

Good grief people want free stuff from da gubamint...which really means taking from the responsible and giving it to the irresponsible.

Also when I see him going around talking about social security reform it appears he is talking to a bunch of six graders...not adults.

That's because the bulk of Americans are about as smart and whineyas sixth-graders.

 

[Guest]

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Why would you think I was talking about you?

The larger picture is he cares so much that social reform was important for the middle class why would he respond to this poor women in this manner? This is Animal Farm....

Anyway you read the quote or the context of the quote it was cruel.

Even bigger picture the govt "borrows" from the TSP funds also. 20 years from now I do not want to hear the TSP "lock box" is empty and thank you for your management fee.

For investing...I am trying to say that you should plan on not having social security or TSP in the future...because the money is in the same "lock box".

Stop and put yourself in that womens position and having your President make fun of your situation. She has to work three jobs to provide for her family. Ha ha, I guess...life is a big joke.

I wonder how soon the bashing would start. I was not disappointed. Thank you!

 

[Rolo]

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Pat_1111 wrote:

Why would you think I was talking about you?

Because you posted after mine in the other thread. So, did you have me in mind or not? (I? = a question)

Pat_1111 wrote:

Anyway you read the quote or the context of the quote it was cruel.

You don't know that. You obviously have no objectivity in this matter and have your own agenda. You even went as far as to misrepresent the situation. Fine. The President is cruel. I actually like that in a leader...none of this touchy-feely liberal crap. We need more cold, heartless Republicans in office. In fact, I think he should have had Newt put her kids in an orphanage, that way, she won't need to work three jobs!

Pat_1111 wrote:

For investing...I am trying to say that you should plan on not having social security or TSP in the future...

SS is a tax and I agree with you on that; I do not consider it in my retirement planning. This has been mentioned on the board recently, butperhaps the quips and jibes got you so emotional that you missed it.

I do not agree with you on not having TSP funds in the future. It is not a tax, it is an option, and it is managed by Barclay's.

Pat_1111 wrote:

She has to work three jobs to provide for her family. Ha ha, I guess...life is a big joke.

For some, it is. She made her choices and that is where she is. Kudos to her for keeping it together and not whining for government handouts. **NEWS FLASH** Women are not required to have kids, so spare the pity party. Can I say "but...but...WHO will pay for my Ferrari?!? whooOOOOoo?" Well, those three kids probably cost as much as one and they are all optional.

Pat_1111 wrote:

I wonder how soon the bashing would start. I was not disappointed. Thank you!

Yes, you keep mentioning it. Perhaps you already know your view is askew?

Why is it that you complain that people allegedly aren't allowed to disagree, but when I disagree with you, you say I am 'bashing'? That's twice you've done the very thing about which you complained.

C'mon now...are you really MT in drag? ehehehe

 

[Guest]

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I voted for this President. I want him to balance our budget and not try to rule the world.

Social security is a contribution...not a tax...just like a TSP contribution.

If the gov borrows from social security AND TSP I do not see the benefit of having private accounts unless they do not want to pay the benefits that were promised when we paid in. I have contributed to social security for 22 years...it is a little hard to swallow that my benefits are going to drop 50%.

Just let me keep the contribution and invest it myself and not shove it in a "lock box" that has a hole in the bottom.

You sir are a very unhappy and very unhealthful to this board. The context of the question was to tell a group of people how great social security reform will be for them. American's listens and trust their government. Not only are they lieing to us they are now lieing to foreign governments about the bait and switch budget. Here is the budget during the G7 then after the G7 say - here are the add ons! What kind of budget is that? Once again this year we will spend 30% more then we take in. I want a Republic to balance the budget and get our financial house in order. In the last 4 years the dollar has fallen like a stone in sewage. Now we are a vacation hot spot for the rest of the world because of our weak dollar. We are a joke.

Good luck. Have a heart and I would not put anyone down that is in a lower position then yourself. Because one day you may be that person.

 

[Guest]

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But as long as the rich keep their dividend tax cuts and do not have to contribute to social security after $90K of earned income...corporations do not have to pay income tax on foreign earnings...the skies are sunny...from up there...in the ivory tower. The fed rate is at an emergency level and the economy is in the toilet. We are dependent of foreign governments to fund our debts...we are a house of cards that is going to get blown over.

Allsuperpowers have ended with the devaluation of their currency. That is the path we are on now.

Get any sleep? Keep working hard!

 

[Mike]

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What does this have to do with the psychology of trading?

Tom, please move this to wherever it should be ... if anywhere. o

 

[Rolo]

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Pat_1111 wrote:

I voted for this President. I want him to balance our budget and not try to rule the world.

I think he can do both...especially with a more rich, heartless Congress. We have two choices: Isolationism (didn't work) and have our fingers in every pie. I think its funny the people who accuse the President of being an egomaniac by trying to "rule the world" are really the ego-centric ones by acting like the US is the only country on the planet.

How quickly we forget that someone broke into our house and killed thousands of us. What would you do if someone broke into your house and killed part of your family because of their ideology? Would you forget about it in favour of balancing your budget or would you spare no expense in seeing to it that it never happened again? I am all for erradicating the planet of anyone guilty of intent to participate in terrorism. The message must be clear: "So much as step on our toes and you'll find out firsthand that there is no Allah."

Power is the only thing that people, be it an individual or an entire country, respect.

Pat_1111 wrote:

Social security is a contribution...not a tax...just like a TSP contribution.

You must work only one job. 'Cos you get sleep. 'Cos you need to WAKE UP! heh

Pat_1111 wrote:

it is a little hard to swallow that my benefits are going to drop 50%.

I totally agree with you on that. Slashing benefits does not "fix" Socialism Security, it just prevents it from being insolvent for a time. It also proves that it is a SHAM, the Raw Deal. :X

Pat_1111 wrote:

Just let me keep the contribution and invest it myself and not shove it in a "lock box" that has a hole in the bottom.

I'm all for that! :^

Pat_1111 wrote:

You sir are a very unhappy and very unhealthful to this board.

OMG You ARE MarketTimer in drag!

A very unhappy...what? I am unhappy with certain things perhaps..but not unhappy as a whole. I'm pretty happy on TSPtalk...why I spend too much time onithere lately at the expense of moving in.

Then again, my limbic system is more volatile than your most speculative of small-caps and most norms can't keep up with the changes and get confused, so that may be it..?

Jocular response: Sheesh! All you greedy rich people wanna do is talk about money...buncha sticks in the mud...can't have any fun...

Serious response: The only people I seem to be unhealthiful for are the ones bent on getting everyone to unconditionally accept their view. I am open to constructive, substantive criticism if I am remiss on this.

Pat_1111 wrote:

We are a joke.

I would largely blame California for that. :dude:

Pat_1111 wrote:

Have a heart and I would not put anyone down that is in a lower position then yourself. Because one day you may be that person.

Just call me Tin-Man. Or better yet, Bender.

It depends how they got there. If I am that person one day, then it will likely be my fault and I will have to deal with it. Wherever I will be, I got there by myself. You have to understand--if you haven't seen it already--I do not expect anything from anyone.

 

[Guest]

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Pat_1111 wrote:

"You work three jobs? Uniquely American, isn't it? I mean, that is fantastic that you're doing that. Keep working hard."
--President Bush, to a divorced mother of three in Omaha, Nebraska on Tuesday

Pat, even peoplesuch asWarren Buffett have criticized the recent tax cuts, statingthat the poor and middle class need this cut far more than he does.

This situation will exist as long asmost Americans are fooled by slickads into believing that social security is bankrupt, and that creating huge givebacks to corporations and wealthy Americans will stimulate the economy.

Butyou can't fool all the people all the time.

 

[Rolo]

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What is this tax cut for the rich? I benefit from the tax cuts and I am by no means rich. The last person I knew to complain about the dividend tax cut for the rich: I later found that every stock he held was a dividend paying stock! (Incidentally, he was the one from whom I found the VLCCF gem.)

What is with all this class envy?