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MSROADKILL612
love auto biographys. any appS to write mine?
02:12 PM on 09/18/2013
Not sure if relevant, but seriously, I had a nightmare I had not hung up my cell phone properly & had a 24 hr call to pay for.

Funny old world we live in?

So many traps for young players?
02:31 PM on 09/18/2013
Be very afraid. Some years ago, some family got a package from Verizon that gave them a year of free 3G which their kid used for 6 weeks after the freebee expired. They got a bill for $14.000. This is for a service they sell for $70/month. It had been in the courts for three years when Verizon offered to reduce the charge to $7000. I don't know what was ultimately paid.
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MSROADKILL612
love auto biographys. any appS to write mine?
05:18 PM on 09/18/2013
wow

surreal

doubt i could have dreamt that amount of $

has to be something wrong w/ us govt for that to be kosher & have to go to court over it to all intents
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MSROADKILL612
love auto biographys. any appS to write mine?
05:27 PM on 09/18/2013
oddly, my nightmare was better than your reality
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Terri Skau
No one owns a piece of my time....
02:08 PM on 09/18/2013
CEO'S and the big executives their pay is pretty much back to where it was before the financial meltdown and the poor keep getting poorer...so nothing has changed accept the People keep getting bent over...:-))
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Ceiba81
01:58 PM on 09/18/2013
We have lost more than seven thousand a year. Our family, who worked so hard to become a middle class family lost our jobs and now we are in jeopardy of losing our house. I wish that we only lost seven thousand dollars this year. My husband had his job for years and lost it. His company just laid hundreds of folks off and are making huge cuts because of Obamacare. Thank you Mr. Prez. I hope you think about the middle class that is becoming obsolete under you while you are on one of your famous over the top vacations or entertaining Hollywood in the Whitehouse.
04:30 PM on 09/18/2013
The president can take a vacation and entertain in the White House. Why don't you ask the big banks why you don't have a job and can't pay your mortgage? The regulatory heads, elected officials and the Banks...maybe someone from one of these entities could make the changes and do the right thing. The president does not regulate. He can only ask.
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Frederick Bosick
Science and Computer Guy
05:08 PM on 09/18/2013
Obamacare was a smokescreen used by your husband's employer. They likely outsourced the jobs.
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Ceiba81
08:52 PM on 09/19/2013
No.  Nice try,  It is because of this clown's crappy healthcare and just plain crappy leadership all around.   The guy is a detached load who thinks of nothing but golfing and vacations.  He is a national disgrace.
01:56 PM on 09/18/2013
Tha American dream may be over? ahh, its way over...its dead and the tombstone was put on it in 2008!
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WILLJLA
WINTER GREETINGS & HAPPY NEW YEAR!
03:02 PM on 09/18/2013
Actually 1980 would be the correct date.
04:08 PM on 09/18/2013
The end of dreams for America by people like you should have ended with the civil war.
01:42 PM on 09/18/2013
Its interesting to look at the financial industry, and consider just what it means when the "financial industry" goes from being 3 or 4 percent of the economy to being 15 or 20 percent.

When you think about it, the "financial industry" should follow similar rules, in general, as other industries. When the shoe industry is 5 percent of the economy, then it's because 5 percent of our economy is about making shoes.

What that sort of tells you is that, again in general loose terms, the financial industry should probably, "naturally" be about the same percent of our economy as the aggregate interest rate. Factor inflation in there a bit, and factor a couple other things in too, but for the most part, the size of the financial industry SHOULD track somewhere along with the aggregate interest rate.

And by golly, it did just exactly that for a long time.

then something happened. Under Reagan, and most definitely and precipitously under Bush II, the financial industry became disconnected and stopped tracking with interest rates, and kind of grew wild and one might even use the word "metastasized."

It's interesting while you do that, to look at what happened to the money supply under Bush II.

just sayin'...
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Scientistengineer
Physics, (BS) Chemistry (MS), Materials Eng (PhD)
03:03 PM on 09/18/2013
Not sure you can put all the blame on one party - look at the monetization of the debt that is occurring now. I wholeheartedly agree about the "moneychangers". It is a vast gambling casino and we are the marks. Greed is not a monopoly of the rich. The House always wins. Invest in several good companies, hold them, to eliminate "churning", establish usury limits, and let the moneychangers use their own money to gamble with.
03:44 PM on 09/18/2013
I think it's partisan only to the extent that the key financial industry players find one party more pliable and willing, this year, vs the other party.  Nothing to say that the equation can't flip, and the other party is more usable for their goals...today it just happens to be republicans that are the easiest.
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wmiller55428
01:39 PM on 09/18/2013
Wow. Talking about stoking the fires of class warfare! Are you really saying that the money I lost last year went directly to some rich guys bank account? Never mind that my property taxes increased by 33%, our federal tax increased by 12%, Gas prices have been over $3.00 a gallon since our savior was made president {he has done nothing to stop the rise} more people are on welfare, food costs have risen, healthcare costs are a joke, and our president has done nothing, nothing to address any of this. I know the rich are getting rich, but that is not the whole story.
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WILLJLA
WINTER GREETINGS & HAPPY NEW YEAR!
03:06 PM on 09/18/2013
WOW talk about a lack of reading comprehension. It is however made up for by your excellent writing skills.
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wmiller55428
06:09 PM on 09/18/2013
Where was I wrong?
03:11 PM on 09/18/2013
Exactly. Everyone has less in their checks due to income tax increases...which go to the government.
03:39 PM on 09/18/2013
Unless you're making over $400K per year (in which case you can cry me a river) the only tax increase you saw last January was the expiration of the temporary FICA tax cut.
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wmiller55428
03:46 PM on 09/18/2013
But his claim is that it is going to the rich.
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hallaquila
BA, Virginia Military Institute; MSJ, Ohio U.
01:35 PM on 09/18/2013
From 1979-2006-on, thanks to the GOP-Reagan-to-present failed "trickle-down economics," incomes for the top one percent went up 275% while the Middle Class Shrank by 25% and wages for the 99% stagnated. Also thanks to the GOP anti-union effort and the shipping of middle income manufacturing jobs offshore with over five million under Bush-Cheney alone to countries paying $1-3 per hour or $38 per month for Bangladesh under-age, sweatshop, clothing manufacturing for Western companies like The Gap and Walmart. Aided by the GOP-enabled tax incentives, thousands of corporations have avoided hundreds of billions in taxes by moving offshore. just think if those lost tax revenues were actually collected and could fund the many support functions to create jobs and to rebuild our working class which the GOP have historically NEVER represented.
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Don Herbst
02:36 PM on 09/18/2013
What is really "shameful" is another article decrying income inequality without any hint at advocating for a solution. We have had 30 years of supply-side tax cuts that have run up the national debt and created a level of income inequality that would make the robber barons blush. A tax policy that has been a completely unmitigated disaster and is the root cause of most of our ongoing economic distress and to my knowledge not a single call for repealing it. We can keep top marginal rates at half the level of the 50 years prior to 1982 but the price is that we give up the middle class. All for the sake of making rich people richer.
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Robert SF
04:17 PM on 09/18/2013
That's because the only actual solution is revolution. Tax policy won't change because the wealthy won't agree to it. They will only agree to changes when people -- white people! -- are rioting in the streets, and public talks on Socialism start attracting thousands of attendees. That's what it took in the 1930s for the wealthy to relent and accept FDR's New Deal.
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signgrrl
design & production
04:48 PM on 09/18/2013
we need to get the money out of politics and we need to get AWAY from trickle down economics. IT DOES NOT WORK.
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Scientistengineer
Physics, (BS) Chemistry (MS), Materials Eng (PhD)
03:07 PM on 09/18/2013
Careful what you wish for. In this Global economy whole companies can incorporate in another country and "move offshore". Where would we be then?
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01:23 PM on 09/18/2013
Eliminate the Federal Reserve. Eliminate fiat currency. Eliminate government intervention in the market.

Problem solved.
02:56 PM on 09/18/2013
Ah yes, the pipe dream.
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Scientistengineer
Physics, (BS) Chemistry (MS), Materials Eng (PhD)
03:08 PM on 09/18/2013
I like it - but return to the gold standard? Use bitcoins? How do we establish a fair medium of exchange?
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10:07 AM on 09/19/2013
Gold is an option. Bitcoins are an option. The ideal state is a society with competing currencies. We live in an internet technological age, so currency conversion is not only easy it is instantaneous. You have no need to have a single medium of exchange within a society. Currencies would compete. Some may be fiat, some may be gold backed, others may be backed by other commodities. Currency companies make revenue by transactions, much like credit card companies. This means the more widespread their currency is accepted, the more money they stand to make. Obviously this doesn't cover EVERYTHING, but remember that the market provides what people need. If there is a need, there will be a supply.

What we currently have, the system I want to see abolished, is a system where a single agency makes monopoly money. This monopoly money deflates the value of existing money. The people closest to the pump, the govt and banks, use the money at present value. Once it trickles to the less fortunate, inflation will have occurred and the money is nigh worthless. The rich are literally making money off the backs of the poor, simply by deflating the value of the money held by the poor. It is theft, and immoral.
01:22 PM on 09/18/2013
Why does the Huffington Post insist on lying to readers with headlines? It is really an insulting pandering to assume your readers are so stupid that they will not bother to read the article and see what the truth is and is dishonest and unethical journalism.

Your headline reads... "Your Household Lost Seven Thousand Dollars Last Year."

Then the article reads... "The average under-65 household in the United States has lost $7,490 in annual income since the year 2000, according to 2012 census data."

That is a 12 year period... not last year.

It is also NOT "$624 per month. $144 per week. $20 per day." which would be losses in the arena of $90,000-$100,000 over 12 years

So we are left to wonder if you are really that unintelligent or are you really that corrupt?

BTW... the entire premise is flawed! There is not a set pot of money so if you got less someone else took more. One more thing... did you think to look at the increase in government revenue over that same period? That is money we can tie to them actually taking directly from each of us.
02:04 PM on 09/18/2013
That's $7,490 in "annual income". Or $7,490 each year...

I think you misread it. I agree the premise is flawed, but the way the article is stated is not incorrect.
03:14 PM on 09/18/2013
In annual income... not annually... are you seriously thinking they lost $89,880 in income over the last 12 years?

Do the math dude.
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01:13 PM on 09/18/2013
Hope and change? What hope and change?
martman1
retired business owner
01:39 PM on 09/18/2013
Most people knew they had been fooled right away when looking at his appointments and later his deficit commission. A Republican in Democrat's clothing.
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carpaov
01:11 PM on 09/18/2013
great article!

And to many posters: Obama can't be blamed for everything! Stop blaming and DO something. This is a sad and shameful trend for most people these days (including you) and it's not getting any better.
02:17 PM on 09/18/2013
after 5 years you can bet your life we can blame Obama-he owns this economy and all the blame for the mess the people who voted for him are in-look at unemployment for his greatest constituency, young people, minorities, etc. His voters have suffered the most under his presidency and have little hope for improvement in his next 3 years!
02:57 PM on 09/18/2013
He does? Really? He pushes every button, makes every decision, and controls everything?
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htgriff
03:13 PM on 09/18/2013
If you would like to know what Republicans would have done, I suggest you look at my state of NC. The republicans there have seriously damaged the state, and are doing everything they can to kill it's future before their days in Raleigh are over.
01:07 PM on 09/18/2013
"That's turning the United States into an economy of the rich, by the rich, and for the rich."

Been there, done that. It was very much that way before the Magna Carta was signed in 1215 and it pretty much stayed that way through the reign of George III, with whom the American colonists quarreled.

It was still pretty much like that in Merry Old England in the time of Charles Dickens in the 1800s and was increasingly that way in the US too, before Lincoln, T. Roosevelt, F.D. Roosevelt, and a host of genuine "grass roots" social movements drew the line.

The very rich fancied themselves the "job creators" since they had cornered most of the necessary resources, but ordinary folk already had the job of survival. One was obliged to be grateful to those who shared a fragment of those resources in exchange for souls; be it to the landed barons of the Old World or "the company store" of this one.

But as I said, a line had been successfully drawn, until the 1980s when we were divided, conquered, and kept almost totally distracted by political theater while the old order that had dominated so much of human history reasserted itself, and once robust expansion of the middle class was blocked by a coup d'etat of governance by money.
jhNY
Mercy.
01:05 PM on 09/18/2013
Dream on.

Fairness and opportunity hold little appeal to those who have advantage and power.
01:04 PM on 09/18/2013
Couldn't the $7k also be distributed among a number of additional households, all other thongs being equal? If the number of households was stagnant, then maybe it went to corps. But if the number of households increased, maybe it was spread to them in our stagnant economy. What am I missing?
01:00 PM on 09/18/2013
I have a friend born and raised in a remote corner of Iowa. He went to Iowa State University -- a fine university but certainly no Harvard. He graduated and started working very hard. By the time he was 26 he had purchased (with a mortgage of course) his first home in a very pleasant middle-class neighborhood in suburban Des Moines. This guy is smart, but no genius. The thing that sets him apart from many others who are not finding as much success as him is that he works hard. Simple as that.
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katiec1963
01:16 PM on 09/18/2013
In 2010, 350,000 people with advanced degrees applied for food stamps.
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Allene Stucki
01:49 PM on 09/18/2013
Those were advanced degrees in "Music Appreciation", "Ancient Chinese Pottery", "Mongollian Poetry", etc. right? And they're mostly waiting tables for a living, right?
02:41 PM on 09/18/2013
Advanced degrees in what? I am not asking this question to be snide.

Many degrees have little or no application to enhancing one's employability.
martman1
retired business owner
01:29 PM on 09/18/2013
Yeah, the 20 million under or unemployed, the 8 million who have stopped looking and the 50 million who make under $14 an hour are all just lazy bums.
02:06 PM on 09/18/2013
There is certainly a middle ground between lazy bums and guys that really bust ass. That middle ground is stagnating a bit.
02:30 PM on 09/18/2013
Same guy I talked about above -- to his later regret -- rented a room out to a man who last I knew was voluntarily unemployed.

This second guy had a perfectly good job. He set out to lose it so that he could live a useless life on the dole. He succeeded, for a while anyway (it's been a couple years; freebies may have run out) if being a miserable and unhappy human being can be called a success.