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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 05:52 PM
Original message
America has two different economies..
One for Wall Street and one for Main Street.

After the big crash, trillions were poured into the big banks to save Wall Street. They have recovered quite nicely. Thank you very much.

Even the 401K's have come back very nicely. Record profits for the big banks after Main Street, the taxpayers, saved them. But the folks out on Main Street are not faring so well.

They are coping with a "jobless recovery". Of course, a recovery without jobs is no recovery at all. Like a giant magnet, Wall Street has sucked up most of the money on Main Street. There is no investment. There are no jobs to be had. Something has to change. This cannot continue much longer.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 05:54 PM
Response to Original message
1. The Senate just passed a $1.1 trillion
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saigon68 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 06:28 PM
Response to Reply #1
2. 650 BILLION FOR WAR
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Goldstein1984 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 06:41 PM
Response to Reply #2
3. We're 5% of the world's population, but...
we spend as much on "defense" as the other 95% put together.

A lot of people must be pissed at us.
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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Sun Dec-13-09 06:47 PM
Response to Reply #3
4. Spend more!
Edited on Sun Dec-13-09 06:52 PM by BAKTPRT
Lets put some more money into shovel ready jobs ( labor unions ) and build up the government...Like the last time, Thats the only way to get jobs back
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 08:08 PM
Response to Reply #4
8. how many 'shovel-ready' projects are available?
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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Sun Dec-13-09 08:21 PM
Response to Reply #8
9. 400,000 - 3.5 million jobs ready to start digging
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 09:49 PM
Response to Reply #9
13. do you have a legitimate link to those stats...?
anybody can post numbers.
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ThomCat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 09:43 PM
Response to Reply #8
10. We have tens of thousands of bridges in disrepair,
roads waiting for repair work, public hospitals and schools and municipal buildings waiting for repairs, public parks have been under-staffed and in disrepair for decades, etc.

There is no a vast amount of work out there waiting for public works programs. We could put millions of people to work rebuilding our neglected and decaying public infrastructure.

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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 09:48 PM
Response to Reply #10
12. a bridge in 'disrepair' is not a 'shovel-ready' project....
engineering studdies need to be done, plans drawn up, contracts awarded, etc...
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ThomCat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 09:56 PM
Response to Reply #12
16. In many of those cases the engineers have already reported
on those bridges. The states already know that they need repairs, and know what repairs need to be done. They just need to get the construction crews in there to do the work, but there is no funding to do the work.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 11:12 PM
Response to Reply #16
21. they may know 'what needs to be done'...
but that doesn't mean that the designs and blueprints have been done, or structural steel fabricated.
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Fumesucker Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 06:52 AM
Response to Reply #21
28. Doing the design work and fabricating the steel are jobs..
I used to do steel fabrication, it is very much a "job".

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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 07:19 AM
Response to Reply #28
29. a lot of the heavy fabrication also doesn't happen in the u.s. anymore, either.
and the design work is a lot less labor-intensive than the construction phase...and more and more of that work is off-shored as well.
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Fumesucker Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 07:30 AM
Response to Reply #29
30. Much of that could be changed with the stroke of a pen..
Fair trade, not free trade.

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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 08:00 AM
Response to Reply #30
32. if we had fair trade, we wouldn't be looking at massive infrastructure spending to provide jobs.
in the first place.
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Fumesucker Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 10:55 AM
Response to Reply #32
35. I said it could be *changed*..
Which accepted the fact we don't have fair trade right now.

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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 11:04 AM
Response to Reply #35
37. could be, but won't...
Edited on Mon Dec-14-09 11:05 AM by dysfunctional press
and even if it were- as already stated- huge infrastructure spending wouldn't be needed to create jobs anyway, as the private sector would do so, fairly quickly most likely.
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Fumesucker Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 11:20 AM
Response to Reply #37
38. And who do we have to blame this state of affairs on?
The politicians..

On both sides of the aisle.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 11:22 AM
Response to Reply #38
40. yep.
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 06:48 PM
Response to Reply #3
5. Sometimes peace is justified and necessary?
Huh?
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ThomCat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 09:48 PM
Response to Reply #3
11. That is one of the many (and best) justifications for slashing
the pentagon budget very drastically. Unless we want to become nothing more than a military empire we should be redirecting that money elsewhere.

We should not be borrowing huge amounts of money we don't have for wars we have no good reason to be fighting.

We should not be privileging the pentagon and giving them all of all the money we do decide to borrow or do bring in from taxation when our citizens, our educational institutions, or health care institutions, and industries need it to sustain our civil society.

We are not a military society! :grr:
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 07:10 PM
Response to Reply #2
6. This is for domestic spending, not defense...
http://www.marketwatch.com/story/senate-approves-huge-spending-bill-2009-12-13

On a 57-35 vote, senators approved legislation that would combine $447 billion in funds for a variety of federal agencies and about $650 billion in payments for benefit programs like Medicare and Medicaid. The agency money is for the fiscal year ending Sept. 30, 2010. It doesn't include defense spending.
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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Sun Dec-13-09 08:03 PM
Response to Reply #6
7. 12,000
12,000 new jobs instantly with all the new Government positions opened up in DC, Its about time!....we get the government working and maybe some one will realize that its all about creation and imagination and not just productivity.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 09:50 PM
Response to Reply #7
14. again- do you have a link...?
you seem to have a penchant for posting unsubstantiated numbers.
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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Sun Dec-13-09 11:48 PM
Response to Reply #14
22. numbers
Fact...When they pass the health care bill it will bring 12000 new jobs to DC to run it...Like I said..Its about time!
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 06:24 AM
Response to Reply #22
25. and where do you get that number from?
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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Sun Dec-13-09 11:50 PM
Response to Reply #14
23. A link to what?...some web page or something?
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 06:25 AM
Response to Reply #23
26. well- any moran can throw numbers around...
if the numbers are FACT-based as you claim- then you should be able to back them up with some kind of documentation, shouldn't you..?
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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Mon Dec-14-09 07:39 AM
Response to Reply #26
31. Hey..im just going by what B.O. says dont kill the messenger
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 08:04 AM
Response to Reply #31
33. do you have a link to him saying so...?
because i don't recall it.
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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Mon Dec-14-09 11:04 AM
Response to Reply #33
36. my nubers were a little low
Edited on Mon Dec-14-09 11:11 AM by BAKTPRT
my numbers were a little low ...but you get the idea...don't think the IRS was mentioned in this report http://career-advice.monster.com/job-search/company-industry-research/stimulus-healthcare-jobs-overview/article.aspx but I'm assuming because they are going to be the ones overseeing national heath care that there are going to be expansive jobs created at the IRS...heard rumor that the growth of the IRS is going to be around 200%...and we haven't even gotten into the jobs that will be created when we start implementing government funded medical schooling, (on top of the money already being spent on stimulus programs)...that's a whole nother program that could boost many more jobs in the government sector just to watch over that....its going to be endless of the ammount of jobs that are possible with government control heath care...The only thing that scares me is the amount of taxes that will be raised to implement this system.but sooner or later it will even out cost and taxes.It will take a while,but to know you can just go to the Dr. anytime you want and get treated is worth it to me.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 11:20 AM
Response to Reply #36
39. you said 12,000 new government jobs in washington dc INSTANTLY...
Edited on Mon Dec-14-09 11:21 AM by dysfunctional press
the article you posted was for job numbers nationwide- it said nothing about new government jobs...

where is the info about the 12,000 new government jobs in washington dc that you said was a FACT??? :shrug:
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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Mon Dec-14-09 11:44 AM
Response to Reply #39
41. IRS
Edited on Mon Dec-14-09 12:16 PM by BAKTPRT
Those numbers would include heath care workers because they would be under the control of government instead of the old capitalist system...also the numbers at the IRS is an estimation on numbers from studies some may be bogus but some where around that number..some ones got to run it...I want a piece of that!!..imagine retire 20 years and a pension for life....and the possibilities of getting the same health care that congress gets (think that's only for the fed employees that would actually work in DC) just a rumor? dunno..would be nice... no capitalist is going to give you that....Ill see if I can find those IRS numbers in my logged files...but I'm thinking of signing up NOW..nothin to loose right?

Just dug into my files and could not find those numbers for the IRS ...I might have read it in a mag or something But with 1.8 million (as of 2007) jobs already in the fed system not including the military and the postal service,...12,000 is chump change...
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 01:14 PM
Response to Reply #41
42. so basically- you're completely full of shit.
thanks for demonstrating it so thoughtfully and thoroughly. :hi:
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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Mon Dec-14-09 02:17 PM
Response to Reply #42
43. What numbers do you have?
what numbers do you have?....I didnt say you had to agree, but it would be helpful if you would contribute some knowledge you might have in this area..but it seems you have non so you just troll to bash....very helpful indeed.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 02:24 PM
Response to Reply #43
44. just the ones that you've apparently pulled out of your ass...
i'm not the one who was making any numerical claims- when you do that you should be able to back them up with at least a link to a reputable source that you got them from.

otherwise- you're just a buffoon spewing meaningless figures.

your choice...:hi:
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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Mon Dec-14-09 02:45 PM
Response to Reply #44
45. I claimed that I read them
Edited on Mon Dec-14-09 02:50 PM by BAKTPRT
Ok OK so I don't have a "link" to those jobs that will be produced....But let me ask you this...do you agree that there will be jobs added to the Gov. roll for health care?...and if so how many do YOU think it will produce...You can bash all you want, that just tells me you have no Idea of the subject at hand and it would probly be best for you to move on, If you can not give any insight to the subject...Just another clueless poster...that can only bash and not discuss issues...LOOSER in my book. I will be sure to navigate around you in here because you are a waste of time and have nothing to contribute..
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 02:50 PM
Response to Reply #45
46. "LOOSER"..?????
Edited on Mon Dec-14-09 02:51 PM by dysfunctional press
:rofl: :rofl: :rofl: :rofl: :rofl:

oh, SWEET irony.

:rofl: :rofl: :rofl: :rofl: :rofl:

(you may have noticed that i'm not laughing with you.)

and- i don't have any idea how many jobs it will add- but then, it wasn't ME who stated a number as FACT when it can't be backed up.

you might want to be careful- you might hurt yourself with all that back-pedaling...

:rofl: :rofl: :rofl: :rofl: :rofl:

"LOOSER"

:rofl: :rofl: :rofl: :rofl: :rofl:

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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Mon Dec-14-09 02:53 PM
Response to Reply #46
47. another educated post......
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 03:08 PM
Response to Reply #47
48. said the person who can't even spell 'loser'....
too much time spent at freak republic...? (it shows)

:rofl: :rofl: :rofl: :rofl: :rofl:
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BAKTPRT Donating Member (46 posts) Send PM | Profile | Ignore Mon Dec-14-09 03:26 PM
Response to Reply #48
49. I cant believe
Edited on Mon Dec-14-09 04:00 PM by BAKTPRT
Holy crap I spelled looser wrong....Thanks for posting such an important message..Hope they don't kick me out of here for that....I certainly will be sure to use my spell check next time...Geee thanks...Your a bud....Oh..Just so you know...Your supposed to use a capital letter at the beginning of a sentence. http://www.bls.gov/oco/cg/cgs035.htm This should get you started in the right direction.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 03:36 PM
Response to Reply #49
50. it just keeps getting better and BETTER...
Your suppose to use a capital letter at the beginning of a sentence.

:rofl: :rofl: :rofl: :rofl: :rofl:

i'm going to assume that what you MEANT to say was "YOU'RE SUPPOSED to use a capital letter at the beginning of a sentence."

i only use capital letters for emphasis when posting to message boards.

btw- aren't they going to miss you over at rimjob's insane asylum..?
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 09:54 PM
Response to Reply #2
15. Wrong bill. n/t
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keep_it_real Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 09:58 PM
Response to Original message
17. We the People have NO say on what happens Wall Street or Main Street
We the People KNOW what need to be done to restore our nations economy in regard to globalization, wall street, politics you name it collectively we can find the right solution for the problem.

But it does not matter what solutions We the People come up with, we have NO power to implement them and we have no government representatives who will listen to us. Government elected representatives only serve the corporations.

Only a non-violent peoples revolution can bring our jobs back. Otherwise American jobs are not coming back and America will lose more job until we acknowledge we are in a depression.

Let the non-violent peoples revolution begin.
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JonQ Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 09:58 PM
Response to Original message
18. Well if you common folks wanted a bailout
you should have spent billions lobbying the government for one.

I mean, if you don't take an interest in your own wellbeing how can you expect DC to?
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 10:05 PM
Response to Reply #18
19. As if the congresss gives..
Edited on Sun Dec-13-09 10:07 PM by sendero
... two shits about what people think. People (calls to senators) were TEN TO ONE against the initial bailout, the bastards did it anyway.
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JonQ Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 10:07 PM
Response to Reply #19
20. They don't care about what people think
they care about the money, that's why I said you needed to spend billions lobbying them
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Desertrose Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 01:42 AM
Response to Original message
24. and Wall Street doesn't give a flying fig about Main Street
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 06:26 AM
Response to Original message
27. There are two centers in the United States
New York City and Washington D.C. and as long as most money in someway passes through both of these centers the rest of the nation is screwed.
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KharmaTrain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 08:21 AM
Response to Original message
34. It's Called "Trickle Down"
or more like Dribble Down. Now it depends on what you mean by a recovery. It's not as though the money the banks got went into a hole in the ground. As you mention, many with 401ks and investments saw some of their losses recouped (far from all) since President Obama took office...many are people who worked hard for that money, thought it was safe invested in the market (not necessarily betting the ponies on Wall Street) and saw their retirement savings nearly wiped out during the last months of the booosh regime. Good chance you know people whose now can breathe a little easier about their retirement.

This is a recovery that by no means should be dismissed because this will hopefully fuel any economic turnaround as they'll be investing into the companies that create those jobs. This money is on the sidelines right now until there's a clear avenue to such a recovery...saving the investor class was a priority since without things would have been a lot worse. Look at the number of people who've moved in with parents or other relatives who have incomes and savings that can help sustain them...imagine if everyone was wiped out...and the mess we'd be confronting now.

As usual, DU likes to hang the rich (translation: someone with more money than I have). Yes, the banks need to be held accountable and there's still a strong, long-overdue need to reregulate the gambling casinos on Wall Street. Credit has to be unfrozen, the debt bomb that still hurts millions and those responsible for fleecing millions and billions need to be held accountable. But there has been a recovery...and as predicted, it will be a very slow one.
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