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Censes: 1 in 7 living in poverty, "de facto" Unemployment 30%, Record home seizures...Is it a "Depression" yet?
September 18, 2010
12:00 am
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http://news.yahoo.com/s/ap/201.....us_poverty

The report covers
2009

The overall
poverty rate climbed to 14.3 percent, or 43.6 million people, the
Census Bureau said Thursday in its annual report on the economic
well-being of U.S. households. (the highest on record!)
********************************************

“... a report from
Youngstown State University Labor Analyst, Dr. John Russo, says
it's more like thirty and a half percent.”

Doctor Russo says
his report also includes discouraged workers. "Largely because they
are working part time, therefore they are considered being
employed. There are people who have given up looking for work who
are not being counted, there are people going to school because
they can't find work or they're going into the military. And most
recently we found out there are large numbers of people who are
taking Social Security early because they just cant find work and
have given up looking for it", Russo said.” Read the report:
http://cwcs.ysu.edu/resources/.....ts/defacto

***************************************

...and U.S. home
seizures reached a record for the third time in five months in
August as lenders completed the foreclosure process for thousands
of delinquent owners.

Sep 16,
2010

http://www.bloomberg.com/news/.....onths.html

“We’re on track
for a record year for homes in foreclosure and repossessions,” Rick
Sharga, RealtyTrac’s senior vice president, said in a telephone
interview. “There is no improvement in the underlying economic
conditions.”

That warrents
repeating:

"There is no
improvement in the underlying economic conditions.”

******************************************** There are varying
definitions from economists.... one however said that one of the
differences between a recession and a depression is
longevity.

Its been two years
already.

September 19, 2010
12:00 am
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It No Longer Matters
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Sarcasm on:

No it isn't a
Depression yet. That is such a negative word. Correction just
sounds so much better and we are all so stupid as to believe
it.

Bitsy

September 19, 2010
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"Yes,
U.S. GDP is growing(if we used GNP like we did a decade ago it
would tell a different story) and corporate profits are beating
expectations across the board. Companies are flush with cash, and
banks are confident again. It's surely a recovery... FOR
THEM....

Yet many Americans
are experiencing more hardship than they've ever known. In
addition, some of America's most severe long-term economic problems
are getting worse...."(see link to 21 reasons there is no recovery
found in the next article:

"Forget A Double
Dip, We're Still In One Long Fall" (Aug. 14, 2010)

"More people are
out of work today than they were last year....

Not since the
government began to measure the ups and downs of the business cycle
has such a deep recession been followed by such anemic job growth.
Jobs came back at a faster pace even in March 1933 after the
economy started to “recover” from the depths of the Great
Depression. Of course, that job growth didn’t last long. That
recovery wasn’t really a recovery at all. The Great Depression
continued. And that’s exactly my point. The Great Recession
continues."

http://www.businessinsider.com.....all-2010-8

"How Bad is It?
Really Bad!A Conservative Market View" (September 12, 2010): " God
has blessed me with over six decades of life on this earth. I have
witnessed economic ups and downs, wars (most were foolish),
political swings and a civil rights struggle that came out on the
winning side. You might say I am hardened and can look at
challenges as something that happens and something we can get
through. However, I have never seen such economic uncertainty and
our government on the verge of fiscal disaster as we are today.
When will we get through it? I have no idea and see no signs of
improvement "

"In fact, there
appears to be a big leadership void from the top to the bottom. The
White House, State House and City Hall all seem to be clueless of
what to do...."

http://www.theskanner.com/arti.....w/id/13410

During the
Depression, did the president golf much? How many vacations did he
take? Did he paint or even do much pleasure reading?

What about during
the two world wars..or even the long Viet Nam War?

Any of then Write
a Children's book during these events?

September 19, 2010
12:00 am
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oops,
for got one!

Gross domestic
product - or GDP - is the broadest measure of the nation's economic
growth and the government takes its pulse three times each quarter.
(Yea, so broad that counts desasters, like hurricanes and oil
spills as a PLUS. It also counts forclosures as a plus, it counts
illness and hospitalizations as a plus. IT COUNTS DEBT AS A PLUS...
When the Government borrows more digital money from the Fed --- at
an intrest that cannot be paid because the money doesn't exist--
THE GDP GOES UP!!!!
http://money.cnn.com/galleries.....iew/2.html

They only started
using GDP as an indicator a decade ago...during the depression it
was GNP (gross national product), which counted differently...there
is a new indicator in progress that subtracts the damages...when/if
we start using that, there may be a more accurate picure of what is
happening -- even in the best of times!)

And even that
indicator (GDP) is saying that the so-called recovery is
failing.

September 20, 2010
12:00 am
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CraigCo
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For
those of you who still believe that your vote makes a difference,
here's how Coporations influence congress to pass legislation that
favors them, not you:

http://www.globalresearch.ca/i.....;aid=21052

With the November
elections quickly approaching, the majority of Americans will be
thinking one thing: "Who cares?” This apathy isn't due to
ignorance, as some accuse. Rather, working people's disinterest in
the two party system implies intelligence: millions of people
understand that both the Democrats and Republicans will not
represent their interests in Congress.

This begs the
question: Whom does the two party system work for? The answer was
recently given by the mainstream The New York Times, who gave the
nation an insiders peek on how corporations "lobby" (buy)
congressmen. The article explains how giant corporations — from
Wall-mart to weapons manufacturers — are planning on shifting their
hiring practices for lobbyists, from Democratic to Republican
ex-congressmen in preparation for the Republicans gaining seats in
the upcoming November elections:

"Lobbyists,
political consultants and recruiters all say that the going rate
for Republicans — particularly current and former House staff
members — has risen significantly in just the last few weeks, with
salaries beginning at $300,000 and going as high as $1million for
private sector [corporate lobbyist] positions." (September 9,
2010)

Congressmen who
have recently retired make the perfect lobbyists: they still have
good friends in Congress, with many of these friends owing them
political favors; they have connections to foreign Presidents and
Kings; and they also have celebrity status that gives good PR to
the corporations.

Often, these
congressmen have done favors for the corporation that is now hiring
them, meaning, that the corporations are rewarding the congressmen
for services rendered while in office, offering them million dollar
lobbyist jobs (or seats on the corporate board of directors) that
requires little to no work.

The same New York
Times article revealed that the pay for 13,000 lobbyists [!]
currently bribing Congress is a combined $3.5 billion. It was also
explained how some lobbying firms keep an equal amount of Democrats
and Republicans on hand, so they can be prepared for any
eventuality in the elections.

This phenomenon is
more than a little un-democratic: when millions of people vote for
a candidate, the outcomes are quickly manipulated and controlled
before the election even happens.

See above link for
full article

September 20, 2010
12:00 am
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CraigCo
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You
may have heard the term "double dip recession" but in fact it is
merely the same recession ever worsening.

We've only been
lied to by the Obama administration about the "double dip" for
months. The feline is out of the sack.

Recovery is not
around the corner. The country is bankrupt. Not the corporations
& banksters. their pockets are over-flowing and they aren't
going to br releasing their grip.

And if food prices
skyrocket within a year as predicted maybe a little stock piling of
necessities is in order, no?

September 20, 2010
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Yea,
Like, thats what I posted.

So, reading helps,
too, Craig.

September 20, 2010
12:00 am
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Just
saw this:

"Recession
officially ended in June 2009" (CNN)

http://money.cnn.com/2010/09/2.....8;iref=BN1

----

NEW YORK
(CNNMoney.com) -- The Great Recession ended in June 2009, according
to the body charged with dating when recessions begin and
end.

The National
Bureau of Economic Research, an independent group of economists,
released a statement Monday saying economic data now clearly points
to the economy turning higher last summer.

That makes the
18-month recession that started in December 2007 the longest and
deepest downturn for the U.S. economy since the Great
Depression.

----

September 20, 2010
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You
people are delusional

October 10, 2010
12:00 am
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bangles
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Formerly....have to agree with you. Things not good...likely to
get worse. This hope and change is not the hope and change that
America signed on for. I can only hope that my vote still
counts.

October 10, 2010
12:00 am
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andii
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What
is "de facto" unemployment

October 10, 2010
12:00 am
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Yes...its worse than most realize too.

October 13, 2010
12:00 am
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crystalwaters
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Andi,
here's a page that explains de facto unemployment.

October 13, 2010
12:00 am
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crystalwaters
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Oops,
forgot to attach the
link...http://cwcs.ysu.edu/resources/.....ts/defacto

Can't find a way
to delete my prevpost...

October 14, 2010
12:00 am
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CraigCo
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De
facto: Exercising power or serving a function without being legally
or officially established.

November 1, 2010
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bangles
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gonna
get worse unless we all decide to get out and vote...we still have
that right.

November 1, 2010
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crystalwaters
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So
true, bangles!

November 2, 2010
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BAREFOOTGIRL
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Yes
we have the illusion of the right to get out and vote for change!
All you can do is vote and hope it matters!

November 9, 2010
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bangles
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I
think it mattered! Now we have to stay strong and make the right
changes for this country.

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