Re: [artshow_photo] Re: Taking off / economy

I agree but we are veering off to the political.

BK

""Only the print contains the artist's meaning and message." "
----- Ansel Adams

J Bryan Krämer North Florida, USA
photos at: http://pbase.com/photoburner
blog at: http://www.photoburner.net

On Tue, Jan 4, 2011 at 09:00, rick roth <rothphotosc@yahoo.com> wrote:

> NPR is not real news
>
>
>
>
> ________________________________
> From: photoartgal <cindy@cindymcintyre.com>
> To: artshow_photo@yahoogroups.com
> Sent: Tue, January 4, 2011 8:28:06 AM
> Subject: [artshow_photo] Re: Taking off / economy
>
>
> Okay, I get pretty incensed when screwy opinions are passed off as facts.
> Rod is
> living in an alternate universe of wishful thinking. Not sure if he ever
> listens
> to NPR for real news, but here are several links that will burst his
> faux-optimistic bubble.
>
>
> http://marketplace.publicradio.org/display/web/2010/12/03/pm-get-used-to-this-high-unemployment-rate/
>
>
> First off, according to former Labor Secretary Robert Reich, many
> corporations
> used the recession as the excuse they've been looking for to ship good
> paying
> jobs overseas where they can pay less. Those jobs are NOT coming back. Even
> Mall*Wart and the discount stores don't rely so much on US buyers anymore
> and
> are making huge profits overseas where we've shipped our jobs to. So
> there's not
> much incentive to making sure Americans have a decent wage, which is about
> three
> times the minimum wage at the very least, to purchase their goods.
>
> To quote him:
> "The two American economies -- the Big Money economy and the Average
> Working
> Family economy -- will continue to diverge. Corporate profits will continue
> to
> rise, as will the stock market. But typical wages will go nowhere,
> joblessness
> will remain high, the ranks of the long-term unemployed will continue to
> rise,
> the housing recovery will remain stalled, and consumer confidence will sag.
>
>
> "The big disconnect between corporate profits and jobs is likely to
> continue
> because America's big businesses are depending less and less on U.S. sales
> and
> U.S. workers. Their big profits are coming from two sources: (1) growing
> sales
> in China, India, and other fast-growing countries, and (2) slimmed-down US
> payrolls. "
>
> Source:
>
> http://www.opednews.com/articles/New-Year-Predictions-The-by-Robert-Reich-101230-424.html
>
>
> Yeah, $8 an hour employees of Dollar General (most probably part-time, no
> benefits) can afford a $100 piece of art. And I've got a piece of swampland
> to
> sell you, Rod.
>
> The very rich are indeed getting richer. They live in a rarified universe
> and
> are most likely to patronize upscale galleries than they are to mingle with
> the
> riff-raff at the art shows. Who's buying the millions of foreclosed homes
> and
> flipping them for a 12-15 percent or more profit, sometimes with little
> more
> than cosmetic improvements? Investors! With cash up front.
>
> NPR Morning Edition Jan 3, 2011
>
>
> http://www.npr.org/player/v2/mediaPlayer.html?action=1&t=1&islist=false&id=132613636&m=132613666
>
>
> The stock market is not an indicator of how average Americans are doing. It
> is
> legalized gambling and you need to have money to play in that casino, and
> can
> afford to lose it when somebody cries wolf and the market takes a plunge.
> (See
> how financiers engineered stock market crashes in the past. This is also an
> illuminating view of the Federal Reserve, not just for conspiracy
> theorists:
> Zeitgeist Part III
>
> http://video.google.com/videoplay?docid=-1693084887024293324#
>
> Not sure whether you got a refinance from a legitimate company, Rod, or one
> patterned after the sub-prime mortgage market which engineered this huge
> Recession we are still in (stock market performance to the contrary.) NPR
> reported that banks are tightening credit for everyone. Sub-prime lenders,
> and
> "legitimate" lenders who resold mortgages in bits and pieces to overseas
> and
> domestic investors as mortgage-backed securities didn't care if you could
> repay
> the debt. It wasn't THEIR money. Thus the crash.
>
>
> For a primer on the Recession:
>
>
> http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money
>
>
>
> http://www.thisamericanlife.org/radio-archives/episode/365/another-frightening-show-about-the-economy
>
>
>
> http://www.thisamericanlife.org/radio-archives/episode/390/return-to-the-giant-pool-of-money
>
>
> The middle class is our real market, and the middle class is fast
> shrinking.
>
> "There's class warfare, all right," Mr. [Warren] Buffett said, "but it's my
> class, the rich class, that's making war, and we're winning."
>
> http://www.nytimes.com/2006/11/26/business/yourmoney/26every.html?_r=1
>
> Unemployment figures don't include people who have given up looking for
> jobs,
> and self-employed people who are now under- or unemployed. They don't
> qualify
> for unemployment benefits. And getting re-employed after a year or two
> means a
> lot of catching up with bills. And for those who defaulted on homes or
> credit
> cards, etc. they may never get re-hired, since employers now do credit
> checks.
> They will probably never qualify for a home loan again, and may even be
> denied a
> rental home due to poor credit, since landlords also have access to your
> credit
> history. This relationship, which could make you unemployable, is the
> modern
> version of the Debtor's Prison.
>
>
> So do a little research into reality, Rod, or else pass out rose-colored
> glasses
> to the rest of us.
>
>
> --- In artshow_photo@yahoogroups.com, "Grinder" <grinder12000@...> wrote:
> >
> > And there is the problem - people feel wrongly cautious. Not saying they
> should
> >throw caution to the wind but corporations are BURSTING with profits -
> companies
> >are hiring back people (back) right and left. Dollar General just said
> they are
> >hiring 6000 people this year.
> >
>
> >
> > Rod
> >
>
>
>
>
>
>
>
> [Non-text portions of this message have been removed]
>
>
>
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