Greetings from Calico Blackie!
I was having a discussion the other night with a guy who obviously was much better schooled in the science of economics than I am.
I was talking about how “trickle down economics” was such a farce and yet many Americans still buy the lie.
There are people out there who honestly believe that when the rich get richer, things get better for everyone.
My argument was:
“Why do the poor always seem to get poorer when the rich get richer?”
How can the poor benefit when the rich keep all the money for themselves? Yes, jobs might be created, but the jobs created are usually poverty-level wage jobs that only continue the cycle of poverty in America.
Plus, the rich are getting richer by offshoring jobs to other more easily exploited labor markets.
So, I asked….
How does that possibly add up to a “trickle down” effect for America’s middle class and poor?
The guy I was talking to looked at me as if I was an idiot and replied: “Obviously, you need to take a class in basic economics.”
Screw him and his mama too.
Rich is rich and poor is poor. When you’re rich, you have more power in this country and that’s the way it is.
That’s called reality.
Equality and the concept that “All Men are Created Equal” have nothing to do with it.
Reality is something we all need to get back to because right now, we’re just running around like a bunch of chickens with our heads cut off.
Things don’t seem to become REAL until they’re happening to each of us on an individual basis.
There’s been a lot of speculation about the motives for the Boston bombing.
Are they Muslim extremists? Are they crazy? Was their mother involved?
There’s even been suggestions by some that it could have been a “false flag” attack staged by the CIA or some other similar group of hoodlums to use as an excuse for another, more restrictive Patriot Act.
That’s all good and well. But for the families who lost loved ones, or for the people laying in hospital beds with their legs blown off….
All of that talk DON’T MEAN SHIT.
And that’s reality.
To the poor, to the homeless, to the people who were ruthlessly screwed when they lost their jobs because their workplace was “offshored” in the name of maximum profit, all this talk about the stock market going higher….
all this talk about how we’re going to be suddenly immersed in a golden shower of trickle down economics…..
all this talk about how we’re all soon going to be having rainbows shooting out of our butts due to a strong (ie…the rich getting richer) economy….
DON’T MEAN SHIT.
The reality of it is: THERE ISN’T A SUCH THING AS TRICKLE DOWN.
The rich keep it all for themselves, and if we’re lucky, we get their scraps.
Anyway, from The Institute of the Painfully Obvious, here’s an economic newsflash for you…..
Wealthy spenders could drive economy in 2013
The consumer economy may look weak. But affluent and wealthy consumers are ramping up their spending – and that could help drive the broader economy this year.
Two new studies show that the wealthy plan to increase their spending despite higher taxes and a generally skeptical view of economic growth and government.
The American Affluence Research Center looked at the top 10 percent of consumers by income who account for more than half of consumer spending. It found that most of them plan to spend the same or more in 2013 than they did in 2012.
A separate survey from the Harrison Group and American Express Publishing found among the top 10 percent of earners, 25 percent plan to spend more on luxury this year – up from 15 percent last year. Among the top 1 percent, nearly a third plan to spend more, up from 21 percent last year.
The main reason: rising stocks, better incomes and more job security.
Calico Blackie says:
Can you believe it? Who would have ever thought that rich people spend more money than poor people?
This news made me very optimistic for the economic future of our country!
It’s comforting to know that while I’m wrenching in the junkyard trying to find a serviceable part for my 14 year old pickup truck, there are people in this great nation that will be helping me by buying their Porches and BMW’s and contributing to my economic well-being by doing so.
Get it straight, people. Whether or not a bunch of Hollywood Stars and other rich people buy fancy imported cars and other big ticket items isn’t going to make a bit of difference to you & me.
And the news gets even better!
Nasdaq ends at best level since 2000
Stocks finished near session highs Monday, with the S&P 500 setting a record close and the Nasdaq ending at its best level since November 2000, following a better-than-expected pending home sales report and after Italy’s new prime minister named his cabinet over the weekend, ending two months of political deadlock in the nation.
The Dow Jones Industrial Average jumped 106.20 points to end at 14,818.75, led by Microsoft and Hewlett-Packard.
The S&P 500 climbed 11.37 points to end at 1,593.61, logging a fresh closing high and surpassing its previous record set on April 11. And the Nasdaq rallied 27.76 points to finish at 3,307.02, closing at its highest level since November 2000.
Calico Blackie says:
Well, I’ll sleep better tonight knowing that the Nasdaq is higher than a kite.
All that means is that the rich haven’t taken their profits yet by selling in huge blocks and leaving the small investors holding the bag. But wait awhile because they’re just biding their time.
Here’s another good one. Prices have gone up, so that’s great news for all of us!
US home prices rose in February compared with a year ago by the most in nearly 7 years
U.S. home prices rose in February compared with a year ago by the most in nearly seven years, as a growing number of buyers bid on a limited supply of homes.
The Standard & Poor’s/Case-Shiller 20-city home price index climbed 9.3% in the 12 months ending in February. That’s up from an 8.1% gain in January.
Annual prices rose in all 20 cities for the second month in a row, the first time that has happened since early 2005. Detroit prices rose 15.2%. Phoenix recorded the biggest annual gain, with prices rising 23%. Prices jumped nearly 19% in San Francisco.
Eleven of the 20 cities reported price gains in February compared with January. Detroit’s prices dropped 0.6%. Those monthly numbers are not seasonally adjusted and reflect the slower winter buying period.
Calico Blackie says:
It’s stories like this that make me cringe.
“Pay more for less”! “Less is MORE”!
And we buy the lie. We think that by paying higher prices, somehow the “excess” will trickle down to all of us.
HIGHER PRICES. HOW CAN THIS POSSIBLY BE GOOD NEWS FOR ANYBODY BUT THE RICH?
They’ve already begun to grease us up!
Here’s a good one. Have some lube, citizen!
The twilight of entitlement
We are passing through something more than a period of disappointing economic growth and increasing political polarization. What’s happening is more powerful: the collapse of “entitlement.”
By this, I do not mean primarily cuts in specific government benefits, most prominently Social Security, but the demise of a broader mind-set — attitudes and beliefs — that, in one form or another, has gripped Americans since the 1960s.
The breakdown of these ideas has rattled us psychologically as well as politically and economically.
We had a grand vision. We didn’t merely expect things to get better. We expected all social problems to be solved. We expected business cycles, economic insecurity, poverty, and racism to end.
We expected almost limitless personal freedom and self-fulfillment. For those who couldn’t live life to its fullest (as a result of old age, disability, or bad luck), we expected a generous social safety net to guarantee decent lives.
We blurred the distinction between progress and perfection.
Millions of Americans who have “played by the rules” are in distress or fear that they might be. In a new survey, 65 percent of respondents said today’s middle class has less “job and financial security” than their parents’ generation; 52 percent asserted there is less “opportunity to get ahead.”
The middle class is “more anxious than aspirational,” concluded the poll’s sponsors. Similarly, the Employee Benefit Research Institute found that only 51 percent of workers are confident they’ll have enough money to retire comfortably, down from 70 percent in 2007.
In the post-entitlement era, people’s expectations may be more grounded.
But political conflicts — who gets, who gives — and social resentments will be, as they already are, sharper. Entitlement implied an almost-limitless future. Facing limits is a contentious exercise in making choices.
Calico Blackie says:
Buy the lie. Buy the slickly-worded articles that tell us there is something WRONG with wanting a better future for all.
Buy the BS that tells us to settle for less because sharing or somehow wanting enough to live in peace is BAD.
Wait for the trickle down!
But, there’s hope for some lucky man out there.
She’s a’huntin’ pecker! (an old typewriter joke)
Martha Stewart to date online, seeks man for bed, breakfast
Martha Stewart may be wealthy, run a successful company and know her way around the kitchen, but she needs help getting a date.
The domestic diva and media mogul agreed Monday to formally join the online dating world, getting expert advice and tips from Match.com’s chief executive, Sam Yagan, who also co-founded OkCupid.com.
“Do you think I could possibly, maybe, find a match, like many of my employees?” Stewart asked him during a discussion on TODAY.
“What we know we can get you is some great first dates. I think finding a soul mate for you might be a little bit difficult, but I think first dates are easily doable,” Yagan told her.
“I’d like to have breakfast with somebody,” Stewart admitted. “I’d like to go to bed with somebody. Sleep with somebody.”
“Well, I had a long-time boyfriend. That ended a couple years ago. And I haven’t found the next Mr. Right,” the 71-year-old grandmother said.
Stewart even went on Match.com but failed to get very far on her application.
“I started to laugh halfway down the page. It was, like, impossible,” she said.
But she did fill out the section describing the type of person she’s looking for.
“I put out ‘youngish,’” she told Lauer, clarifying that she wanted someone “active,” not necessarily limited to an age range.
“Energetic, ‘outdoorish,’ really smart,” she said.
Being successful also is important, but “just for him,” she said.
“Tall-ish,” she said.
Calico Blackie says:
And, of course just like Hugh Hefner and his pneumatic blondes padding around the Playboy Mansion, money and the good life will have nothing to do with it.
I wonder if it will be done with”lights on” or “lights off”?
At least the “pneumatic blondes” and whatever stallion Martha Stewart chooses for stud service will stand a better chance at getting the trickle down than you and I ever will.
And, they won’t be buying any lies. They will know what to expect.
Are you still buying the lie first sold to us by Reagan when he sold out our country to the yuppies and the maximum profit mentality?
Do you still hope for a better tomorrow for yourself and your children?
There isn’t going to be one unless we get up off of our butts and demand an equal shot at it.
Read this and decide: http://www.adbusters.org/campaigns/goldman/may-day-2013
The time is NOW
Stop buying the lie!
Calico Blackie @kidakita