We're in a Recession Because the Rich Are Raking it in

[kelvin070]

[Our economy can't thrive when the richest 1% get an ever larger share of the nation's income and wealth, and everyone else's share shrinks. /QUOTE]
http://www.alternet.org/economy/147...re_raking_in_an_absurd_portion_of_the_wealth/

The way I look at it, you guys have spent beyond your means and there is nothing more left to spur the economy. The US has one of the lowest savings rate and the highest comsumption rates.
http://www.angrybearblog.com/2005/06/international-saving-comparisons.html

 

[Peter Parka]

How did I know this thread was going to be a dig at the USA before I even looked in it:24::24::24:

 

[TheTinGirl]

Because it's Kelvin, and I've only been here one week. XD

 

[retro]

How did I know this thread was going to be a dig at the USA before I even looked in it:24::24::24:

I pretty much sum up everything Kelvin has to say as, "here's problem x and here are 12 incorrect conclusions as to why the USA is to blame and why Singapore is awesome"

 

[kelvin070]

I pretty much sum up everything Kelvin has to say as, "here's problem x and here are 12 incorrect conclusions as to why the USA is to blame and why Singapore is awesome"

Its not only a dig at USA but its also an article from the DIGG website.

 

[Peter Parka]

I do love how Kelvin has a problem with imagined English hooligans, given his avatar.:24::24:

 

[kelvin070]

Because it's Kelvin, and I've only been here one week. XD

Hey TinGirl, don't get influenced by some of the grumpy guys here.

 

[retro]

Hey TinGirl, don't get influenced by some of the grumpy guys here.

Or, here's a concept... even people that have been here for a short amount of time realize that you're obsessed with hating the United States.

 

[TheTinGirl]

Hey TinGirl, don't get influenced by some of the grumpy guys here.

I wouldn't need any outside influence to come to this kind of conclusion.
I have a few brain cells left.:ninja

 

[kelvin070]

Or, here's a concept... even people that have been here for a short amount of time realize that you're obsessed with hating the United States.

Assuming I agreed with your conclusions, I gained, vast, tremendous knowledge by being obsessed with hating the United States and Thank You.

 

[Peter Parka]

I wouldn't need any outside influence to come to this kind of conclusion.
I have a few brain cells left.:ninja

As long as that chewing gum stays squarely in your mouth, you may just be acceptable to Kelvin and his government he wanks himself to sleep over every night (wanking is still legal, right, Kelvin?) :24:

 

[itsmeJonB]

Kelvin's mad because my country can beat up his country

 

[retro]

Assuming I agreed with your conclusions, I gained, vast, tremendous knowledge by being obsessed with hating the United States and Thank You.

and you're incredibly humble about your supposed knowledge and intelligence.

 

[Peter Parka]

Kelvin's mad because my country can beat up his country

That really dosent say alot , its like saying "I'm harder than an ant because I'm a ___________. Get the point?

 

[kelvin070]

and you're incredibly humble about your supposed knowledge and intelligence.

At least I am sure I am far better than those rednecks in Oklahoma:24:

 

[Peter Parka]

Kelvin, have you got enough tokenz to play minesweep or whatever shitty Western game you like, on the arcade, to fuck off and leave us alone for a while, yet?

 

[retro]

At least I am sure I am far better than those rednecks in Oklahoma:24:

I'd probably take the rednecks in Oklahoma over you simply because they probably don't have the deluded sense of self worth that you do.

 

[TheTinGirl]

At least I am sure I am far better than those rednecks in Oklahoma:24:

Yet...you haven't proven it. o_o

 

[kelvin070]

So far nobody has addressed the topic proper and the original auther is american. LMAO

 

[TheTinGirl]

You should read your article's more carefully.

" The problem isn't that typical Americans have spent beyond their means. It's that their means haven't kept up with what the growing economy could and should have been able to provide them."

For most people (who still earn a full time income mind you) there's isn't enough money to support the household.

Not to mention when the majority of the money is going to wealthy people, those people save it. They're not stupid...sure they have a nice big house three cars and a pool, but they want to keep it.
Saved money does not reenter the economy until the saver has an emergency of some sort.
People in the lower classes (Like myself) can't afford to save money... with the rent and the car payment and utilities, there isn't much left over at the end of the month.

There topic addressed.