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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:05 PM Original message |
"Easy credit was substitute for higher wages...." |
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Monk06 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:07 PM Response to Original message |
1. Kick that shit up. That is it in a nutshell Kentuck. False growth disquising inflationary debt. |
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ColbertWatcher (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:09 PM Response to Reply #1 |
5. Agreed, k+r, n/t |
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Hello_Kitty (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:08 PM Response to Original message |
2. It's so obvious and no amount of telling us not to believe our lying eyes will change it. eom |
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Deja Q (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:08 PM Response to Original message |
3. Seems pretty obvious. Especially with graphs showing decades' worth of information, |
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aquart (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:09 PM Response to Original message |
4. k&r |
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malaise (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:11 PM Response to Original message |
6. Perfect |
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chimpymustgo (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:15 PM Response to Original message |
7. Marmar started a thread on this (C-SPAN2). I posted that remark. This is an incredible conversation. |
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No.23 (517 posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:16 PM Response to Original message |
8. Spending other people's money instead of your own... |
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hedgehog (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:23 PM Response to Reply #8 |
13. I wouldn't say preferred MO so much as desperation MO. |
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fasttense (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 06:53 AM Response to Reply #8 |
124. Debt is NOT the preferred MO for most consumers. |
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raccoon (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 10:07 AM Response to Reply #124 |
137. "What do Americans get for their tax dollars? " |
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Sherman A1 (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 02:55 AM Response to Reply #137 |
191. Precisely |
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sojourner (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 09:39 AM Response to Reply #8 |
134. preferred.......vs more easily available/affordable? the financial giants ENCOURAGED this behavior. |
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Mojambo (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:17 PM Response to Original message |
9. Thom Hartmann has been making this argument for like 5 years. |
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Postman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 08:24 AM Response to Reply #9 |
130. Exactly. Along with Ravi Batra.... |
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Peregrine Took (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 11:28 AM Response to Reply #9 |
150. Yes, I just thought of the same thing. He should be on Obama's committee. |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 01:19 PM Response to Reply #150 |
171. I hope you don't seriously think that's even remotely possible. Not even Paul Volcker |
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grahamhgreen (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 03:08 PM Response to Reply #171 |
182. What if Hartmann was on CNN? |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 03:21 PM Response to Reply #182 |
184. Sorry, I don't understand your point. |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 05:09 PM Response to Reply #171 |
187. Thanks for this link. I wasn't aware of that |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 05:38 PM Response to Reply #187 |
190. Obama works for the Owner Class, as does pretty much the entire Washington political class. |
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Skittles (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 04:35 AM Response to Reply #171 |
196. gee, we never saw that coming did we sw? |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 01:08 PM Response to Reply #196 |
201. Well, to be honest, you sussed out the con before I did. |
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LooseWilly (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 03:49 AM Response to Reply #9 |
194. Hmm? Hartman's been making the point for years? |
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SammyWinstonJack (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 07:09 AM Response to Reply #194 |
199. Kill the goose that laid the golden egg. It certainly isn't rocket science, is it? |
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The Traveler (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:17 PM Response to Original message |
10. Exactly right ... |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:19 PM Response to Reply #10 |
11. Right on target! |
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malaise (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:26 PM Response to Reply #10 |
16. It's a vicious cycle because once you get into debt |
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Merlot (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:22 PM Response to Original message |
12. So true, which is why every time I hear of the "wide screen TV" credit card |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:25 PM Response to Reply #12 |
14. So, basically.... |
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chimpymustgo (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:32 PM Response to Reply #14 |
18. Novel idea! |
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Fire1 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:45 PM Response to Reply #14 |
74. But that won't happen without unions. |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:11 PM Response to Reply #74 |
82. Thank you for pointing that out. (nt) |
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Sherman A1 (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 02:57 AM Response to Reply #74 |
192. Agreed |
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midnight (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 06:51 AM Response to Reply #14 |
123. Who will tell the Monster on Wall Street? |
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blindpig (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 11:32 AM Response to Reply #123 |
152. I will... |
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hedgehog (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:26 PM Response to Reply #12 |
15. So, the people facing high medical bills should have realized that |
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Merlot (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:46 PM Response to Reply #15 |
38. I think you and I are in agreement |
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hedgehog (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 05:17 PM Response to Reply #38 |
40. Sorry , I shouldn't have been so irritable! |
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Merlot (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 06:48 PM Response to Reply #40 |
49. No worries - I think we're all a little edgy right now! |
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blindpig (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:13 PM Response to Reply #38 |
159. It's all this responsibility/self-help bulshit. |
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xiamiam (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:39 PM Response to Reply #15 |
163. its not just the medical bills..its the time off from work to recuperate.. |
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CoffeeCat (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:35 PM Response to Reply #12 |
20. That's true... |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:38 PM Response to Reply #20 |
21. I wish our President was listening to these folks also... |
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juno jones (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 04:06 AM Response to Reply #12 |
118. Lots of people used 'em on their businesses |
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xiamiam (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:36 PM Response to Reply #118 |
162. even here, people judge..and buy into the talking points handed down by the wall street pr firms |
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SammyWinstonJack (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 07:16 AM Response to Reply #162 |
200. Five months unemployed, husband who can no longer work, savings dwindling fast. What to do? |
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Spazito (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:30 PM Response to Original message |
17. Bingo! |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:33 PM Response to Original message |
19. It's really not that complicated... |
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destes (246 posts) Send PM | Profile | Ignore | Mon Apr-06-09 05:50 AM Response to Reply #19 |
120. You have hit right on the rest of the equation |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 10:56 AM Response to Reply #120 |
145. Excellent post! |
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TheBigotBasher (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:43 PM Response to Original message |
22. It was not just easy credit. |
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OwnedByFerrets (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:04 PM Response to Reply #22 |
79. And it certainly wasnt an accident. |
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Mari333 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:46 PM Response to Original message |
23. makes sense. nt |
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daleo (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:47 PM Response to Original message |
24. 1) Begin to off shore lower skilled jobs to low wage countries |
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patriotvoice (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 09:24 AM Response to Reply #24 |
132. The good news is that once the algorithm completes, it reverses and you're on the up side. |
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daleo (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:33 PM Response to Reply #132 |
161. Possibly |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 01:05 PM Response to Reply #161 |
169. I'm pretty sure that's what the Owner Class has in mind. It's largely in place already. |
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daleo (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 02:52 PM Response to Reply #169 |
178. Yes, that's the question |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 03:02 PM Response to Reply #178 |
179. Indeed. And here we are, it's our turn now. The pivot of history is upon us. (nt) |
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LooseWilly (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 04:15 AM Response to Reply #132 |
195. Wow, algorithm cyclicism... |
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destes (246 posts) Send PM | Profile | Ignore | Tue Apr-07-09 06:33 AM Response to Reply #195 |
197. cyclicism or profit taking, by any other name...................... |
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alcibiades_mystery (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:50 PM Response to Original message |
25. You can't have growth with stagnant wages |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:53 PM Response to Reply #25 |
26. Yep. |
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jwirr (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:04 PM Response to Reply #26 |
61. I do not know about you but they are going to get rude awakening |
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DBoon (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 03:58 PM Response to Original message |
27. Easy credit is also a substitute for social benefits |
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TahitiNut (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:01 PM Response to Original message |
28. "Mortgaging Tomorrow" is far more than a mere euphemism. |
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Trajan (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:01 PM Response to Original message |
29. ABSO-FUCKING-LUTELY .... |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:06 PM Response to Original message |
30. Well, of course. But I honestly thought most of us had figured this out years ago. |
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chimpymustgo (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 06:25 AM Response to Reply #30 |
121. Outstanding post, scarletwoman. The question is HOW. We are continuing on this bad path. |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:48 PM Response to Reply #121 |
165. Thank you. As for "how?" - I think we have to become guerrilla entrepeneurs. |
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hfojvt (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:10 PM Response to Original message |
31. "what's the matter with credit?" |
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No.23 (517 posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:16 PM Response to Reply #31 |
33. The Grand Eraser |
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hfojvt (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 06:13 PM Response to Reply #33 |
43. I got in trouble teaching business class |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:41 PM Response to Reply #43 |
71. "defined a need as a want" -- that's just incredible! Who wrote the textbook, BOA? |
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Skittles (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:13 AM Response to Reply #33 |
112. I hear you on that one |
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tammywammy (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:49 AM Response to Reply #112 |
114. My dad calls it |
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havocmom (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:11 PM Response to Original message |
32. Hmmm, I seem to recall all the commercials for that new fangled Bank Americard |
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jesus_of_suburbia (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:21 PM Response to Original message |
34. I saw Barbara Ehrenreich on C-Span a few months ago talking about her new book --- |
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MadHound (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:25 PM Response to Original message |
35. She's right, but only up to a point |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 06:46 PM Response to Reply #35 |
48. good point |
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LuckyLib (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:25 PM Response to Reply #35 |
104. Don't forget that at the same time, the advertising/consumer culture was doing a masterful job of |
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Hissyspit (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:35 PM Response to Original message |
36. company store |
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earth mom (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:44 PM Response to Reply #36 |
72. I was thinking the same exact thing. nt |
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csziggy (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:53 PM Response to Reply #36 |
76. Company Store is right - that is how it got started |
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NashVegas (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:41 PM Response to Original message |
37. In Some Cities, It May Have Even Helped People Get Access to Higher Paying Jobs |
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Merlot (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 04:54 PM Response to Reply #37 |
39. Yup. In LA, the car you drive is a big deal for a lot of people. |
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Cassandra (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 08:16 AM Response to Reply #39 |
129. Some years ago, a Forum Leader who had been all over... |
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Sen. Walter Sobchak (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 11:51 AM Response to Reply #39 |
154. No Kidding! |
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pengillian101 (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:44 AM Response to Reply #37 |
113. Good point. n/t |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 05:25 PM Response to Original message |
41. So, what's the solution?? |
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babydollhead (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 06:11 PM Response to Reply #41 |
42. For my family, the solution |
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TwixVoy (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 06:32 PM Response to Reply #42 |
45. And are you naive enough to believe |
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Fire1 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 10:26 PM Response to Reply #45 |
93. Right now, more than you know are finding out they don't have a |
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Raineyb (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 07:18 PM Response to Reply #41 |
53. Higher wages to start with |
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TwixVoy (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 06:28 PM Response to Original message |
44. I said the same thing a year ago |
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kohodog (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 06:43 PM Response to Original message |
46. We're all serf's now |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 06:45 PM Response to Original message |
47. Good way to make us all into serfs. |
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Uncle Joe (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 06:54 PM Response to Original message |
50. I believe she nailed it. |
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TheBigotBasher (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 07:20 PM Response to Reply #50 |
54. I am actually not so concerned about that. |
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Uncle Joe (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 02:46 PM Response to Reply #54 |
176. I believe, if it hadn't been Jobs and Gates, it would've been someone else. |
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bluesmail (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 07:08 PM Response to Original message |
51. That's something I can agree with. It's getting more difficult to agree |
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leftstreet (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 07:10 PM Response to Original message |
52. K&R |
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glitch (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 07:38 PM Response to Original message |
55. I can't remember her ever being wrong! Thanks for posting, K & R nt |
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dixiegrrrrl (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 07:39 PM Response to Original message |
56. I have had a constant heartache about my grown son's future. |
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Fire1 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 10:32 PM Response to Reply #56 |
94. That is so sickening. Just sad. Sad. |
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pengillian101 (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 01:58 AM Response to Reply #56 |
116. They both are close to 40 now. They are very smart, very good with money... |
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underpants (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 07:40 PM Response to Original message |
57. and when the powers that be decide to all be "broke" at the same time |
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jwirr (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 07:46 PM Response to Original message |
58. And it worked fairly well until the manufacturers and bankers got |
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slipslidingaway (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 07:50 PM Response to Original message |
59. K&R n/t |
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Citizen Worker (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 07:59 PM Response to Original message |
60. Real income |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:15 PM Response to Reply #60 |
63. Well said ! |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:09 PM Response to Reply #60 |
81. Great post. |
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raccoon (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 10:17 AM Response to Reply #60 |
139. Great post. |
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femrap (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:13 PM Response to Original message |
62. Debt....the new Slavery! |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:38 PM Response to Reply #62 |
69. The banks own the people AND the government. Let's be clear on that. (nt) |
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Fire1 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 10:47 PM Response to Reply #69 |
97. Becoming more obvious everyday! |
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femrap (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 08:22 PM Response to Reply #69 |
204. I look at the gov't as |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 11:42 AM Response to Reply #62 |
153. In 'Confessions of an Economic Hitman' |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 01:30 PM Response to Reply #153 |
173. Thank you for bringing up John Perkins. Very good post! (nt) |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 05:12 PM Response to Reply #173 |
188. You're welcome! |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 05:32 PM Response to Reply #188 |
189. "I can't help thinking that these 'masters of the universe' viewed the US in the same way..." |
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femrap (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 08:18 PM Response to Reply #153 |
203. I remember when I saw the author of 'The |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 09:18 PM Response to Reply #203 |
205. Thank you femrap ~ |
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Mithreal (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:24 PM Response to Original message |
64. This was the Greenspan plan. nt |
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gorfle (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:28 PM Response to Original message |
65. This is also why "freeing up credit markets" is a bunch of crap. |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:27 PM Response to Reply #65 |
84. "People need more wealth, not more loans." Exactly! I'm with you, "freeing up credit markets" is BS |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:50 PM Response to Reply #65 |
91. But businesses and governments need credit in order to manage inflow and outflow. |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:50 PM Response to Reply #65 |
92. delete (dupe) |
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KT2000 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:29 PM Response to Original message |
66. The thing about B. Ehrenreich |
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dcsmart (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 06:32 AM Response to Reply #66 |
122. she should, but |
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KT2000 (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:01 PM Response to Reply #122 |
156. Thanks for that |
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KoKo (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:32 PM Response to Original message |
67. Thanks, Kentuck.....and "they" will tell us we coulda' said "NO!" |
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cliffordu (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:33 PM Response to Original message |
68. best fucking post of the week, if not the month. K&R |
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earth mom (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:41 PM Response to Original message |
70. Obama is propping this b.s. up and in doing so, proving he doesn't give a damn about wages |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:50 PM Response to Reply #70 |
75. I don't know that I would be that harsh with Barack... |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:39 PM Response to Reply #70 |
88. Wall Street and the banks OWN our government, our political class serves THEIR needs. |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 07:01 AM Response to Reply #88 |
126. Yes, and anyone who doesn't get that has been sleeping for the last 30 years. |
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TomClash (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:44 PM Response to Original message |
73. Easy credit and cheap mports |
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Mari333 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 08:56 PM Response to Original message |
77. her online blog |
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elizfeelinggreat (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:29 PM Response to Reply #77 |
85. Thanks for that link |
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OwnedByFerrets (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:03 PM Response to Original message |
78. No truer statement has ever been uttered. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:07 PM Response to Original message |
80. That is why it is so important that the Obama Administration not... |
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paparush (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:20 PM Response to Original message |
83. I remember telling my wife, years ago, that when this period of easy credit goes away |
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trickyguy (461 posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:33 PM Response to Original message |
86. What a beautiful and simple explanation of why we are in our current mess. Consumer greed. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:36 PM Response to Reply #86 |
87. But consumer greed is harmless... |
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Carni (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:44 PM Response to Original message |
89. It was also THE only way to finance a small business for some |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 10:44 PM Response to Reply #89 |
96. Thank you, that's a very important point. I remember when that started happening. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:19 PM Response to Reply #89 |
101. I have heard of a few businesses having problems getting loans... |
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NashVegas (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 06:59 AM Response to Reply #89 |
125. Independent Movies Were Built on Mastercard |
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Chovexani (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 11:21 AM Response to Reply #125 |
147. Very true |
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NashVegas (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:07 PM Response to Reply #147 |
157. Lot of People |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:18 PM Response to Reply #125 |
160. Serious question: Why was that? Why weren't there any actual investors? |
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NashVegas (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 01:04 PM Response to Reply #160 |
168. I Can Only Guess |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 01:26 PM Response to Reply #168 |
172. Thanks for your reply. |
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xiamiam (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:46 PM Response to Reply #89 |
164. what were the options really?...in business you have to push forward..hoping |
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quaker bill (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 09:48 PM Response to Original message |
90. Yes, |
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JI7 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 10:39 PM Response to Original message |
95. i just finished reading her book "Nickel and Dimed" |
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hay rick (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:07 PM Response to Original message |
98. Ehrenreich supported Nader in 2000... |
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Raineyb (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 03:30 PM Response to Reply #98 |
185. Why? |
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C......N......C (454 posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:10 PM Response to Original message |
99. Earth shaking, I don't think so. People without have always borrowed to be buy what they |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:14 PM Response to Reply #99 |
100. But not at this level... |
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C......N......C (454 posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:20 PM Response to Reply #100 |
102. Right, so many borrowers have not been out of jobs before. Except |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:28 PM Response to Reply #102 |
106. But people are not laying off employees because they could not borrow money.... |
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C......N......C (454 posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:25 PM Response to Reply #100 |
105. Borrow to buy stock. |
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pnorman (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:22 PM Response to Original message |
103. Thnks for that find! Here's what I was able to Google: |
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Duer 157099 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:33 PM Response to Original message |
107. I've been saying this forever! |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:36 PM Response to Reply #107 |
108. It's the obvious that folks tend to overlook... |
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omega minimo (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 11:26 AM Response to Reply #107 |
149. the past three decades since "greed is good" and "conspicuous consumption" brainwashing |
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Political Heretic (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:39 PM Response to Original message |
109. Bam. There it is. Kick and Rec!! |
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Median Democrat (1000+ posts) Send PM | Profile | Ignore | Sun Apr-05-09 11:41 PM Response to Original message |
110. Barbara Is Right - But Elizabeth Warren Should Get Some Credit (pun) for this point |
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livefreest (378 posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:07 AM Response to Original message |
111. right on |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:58 AM Response to Reply #111 |
115. That would be a great start. |
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juno jones (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 03:59 AM Response to Original message |
117. Barbara Ehrenreich is a muckraker first class |
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MyThoughts4 (3 posts) Send PM | Profile | Ignore | Mon Apr-06-09 04:56 AM Response to Original message |
119. that's an economy built like a sand castle....just swept away by the tide |
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pleah (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 07:50 AM Response to Original message |
127. K&R |
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The Wizard (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 08:04 AM Response to Original message |
128. A consequence of |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 09:17 AM Response to Original message |
131. It's an inconvenient truth... |
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JHB (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 09:29 AM Response to Original message |
133. Check out the April Harper's article "Infinite Debt"... |
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lumberjack_jeff (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 10:05 AM Response to Original message |
135. It was an alignment of interests. |
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no name no slogan (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 10:06 AM Response to Original message |
136. Right on. I've been saying the same thing for years. |
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guitar man (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 10:14 AM Response to Original message |
138. "Easy Credit Ripoffs" |
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tjwash (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 10:19 AM Response to Reply #138 |
140. Hee...I'm glad I wasn't the only one who had that song pop in his head. |
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guitar man (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 10:25 AM Response to Reply #140 |
141. yep, popped right up |
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Rosa Luxemburg (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 10:37 AM Response to Original message |
142. a country of the rich, by the rich, for the rich, |
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paparush (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 10:40 AM Response to Original message |
143. K & R! nt |
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Tierra_y_Libertad (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 10:44 AM Response to Original message |
144. Hook, line, sinker meet hungry fish. |
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Xenotime (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 11:08 AM Response to Original message |
146. Very true. * is to blame for the crisis he has put us into. |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 01:47 PM Response to Reply #146 |
174. This has been in the making for over 30 years, and has been aided & abetted by both parties. (nt) |
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mikehiggins (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 11:24 AM Response to Original message |
148. The first time I saw someone buy groceries with a credit card |
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Stargazer09 (625 posts) Send PM | Profile | Ignore | Mon Apr-06-09 11:32 AM Response to Original message |
151. K&R! Exactly right! |
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antimatter98 (537 posts) Send PM | Profile | Ignore | Mon Apr-06-09 11:54 AM Response to Original message |
155. It's true: we had 'virtual income' via second mortgages and credit cards. n/t |
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prolesunited (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:08 PM Response to Original message |
158. I never got caught in that trap |
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LuckyLib (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:50 PM Response to Reply #158 |
166. And those folks still OK have been very, very lucky. That luck could change. Any minute. |
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xiamiam (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 01:13 PM Response to Reply #158 |
170. sorry...there are a lot of us in this same situation...for whatever reason.. |
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wisteria (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 12:52 PM Response to Original message |
167. Absolutely, spot on. |
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Sherman A1 (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 02:03 PM Response to Original message |
175. She is absolutely right |
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RedCloud (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 02:46 PM Response to Original message |
177. Organize consumers and workers. Tear this MoFu down! |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 03:16 PM Response to Reply #177 |
183. Exactly. The problem is, there are still too many people willing to believe that their "leaders" are |
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Divine Discontent (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 03:05 PM Response to Original message |
180. my goodness, if that doesn't say it all - easy credit in EXCHANGE for giving better wages - it's |
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grahamhgreen (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 03:06 PM Response to Original message |
181. 100% true - MORE PAY NOT MORE CREDIT! |
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Kansas Wyatt (1000+ posts) Send PM | Profile | Ignore | Mon Apr-06-09 03:38 PM Response to Original message |
186. Well duh... |
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Hekate (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 03:35 AM Response to Original message |
193. Ehrenreich also knows that wives bringing in a second income kept the middle class going as well... |
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sendero (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 07:00 AM Response to Original message |
198. I'm lucky... |
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anonymous171 (1000+ posts) Send PM | Profile | Ignore | Tue Apr-07-09 01:19 PM Response to Original message |
202. Typical corporate management. Keep the little people in debt, |
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