Economics – The Middle Class – It Was Nice Knowing You

December 19, 2010 by In The News  
Filed under Internet Marketing Orlando

mortgage refinance Elizabeth Warren is the Leo Gottlieb Professor of Law at Harvard and the Chair of the Congressional Oversight Panel created to oversee the banking bailouts. She is without question “The People’s Champ.” In an article I just read, she poses this dilemma: “Can you imagine an America without a strong middle class? If you can, would it still be America as we know it?” She goes on to say that 1 of every 5 Americans is either unemployed, underemployed or just flat out of work altogether. One in 9 American families can not make their minimum monthly credit card payments. Credit cards are one of the biggest, if not thee biggest, scams perpetrated on the American people in my humble opinion. While I can afford to pay my monthly payment, I am very overextended with credit. My bad all the way.

juegos 3d Okay, back to more of Ms. Warren’s shocking stats: 1 in 8 mortgages is in default or foreclosure, more than 120,000 American families are filing for bankruptcy every month, our economic meltdown has wiped slick $5 trillion dollars in pensions and savings, threatening to put 10 million homeowners out on the street.

commercial property  Inevitably what happens is that a politician makes a promise to the unions so that they will give them their support. They need that voting block to win, but once that individual is elected, they realize that the United States is bound to certain rules and regulations of the World Trade Organization. After all, if we wish to sell US products abroad, we must also reciprocate, and allow other nations to sell their products to us.

The reality is that both fair and free trade are very important to a healthy economy, and definitely paramount to a global economy. We should also realize that the labor unions in this country, have a lot of political pull and over the years they have used this political strength to put forth more regulations that hamper the efficiency of our largest corporations. Therefore, the corporations are unable to operate with their hands tied behind their back, so they choose to outsource, and offshore those jobs.

Now then, I hope this analogy helps you, next time you are listening to a congressional debate, or a group of senators talking with the secretary of treasury of the United States, or the chairman of the Federal Reserve Board. Sometimes abstract thinking this way, can help everyone understand what’s really going on, and what we are really talking about here You can be published without charge. You can to republish this article in your website or blog. Please provide links Active.

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