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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: fresc who wrote (69687)	12/28/2004 12:46:58 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

yo, get your facts in order outsourcing of mfg has happened since 1975 even as middle class income has dropped by 30% outsourcing of service jobs has happened since 1999 even as middle class debt has risen by 40-50% and massive massive mfg job loss has occurred Challenger & Christmas reports 3 straight months over 100k job loss first time in a long time for such an occurrence unemployment rate is about 8.4%, my clownish good man take the 5.6% and divide by 67% participation rate years ago they used to properly measure jobless as jobless now jobless has become "receiving jobless bennys" capital gains for middle class enable home equity raids which will backfire in future months and years home loss thru foreclosure has risen sharply in the last year markets finishing in higher territory but divided by rising cost of living means no gains at all S&P500 in euro terms registers no gains S&P500 in yen terms registers no gains S&P500 pumped up by easy money, not earnings we are much worse off than a few years ago you have little concept of debt, my little man nor a concept of actual source of wealth generation keep playing in that kindergarten sandbox of economics "I think not to shabby, given where the U.S was a few years ago." you mean "too shabby" surely grammar as solid as your economics / jim