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Why Are Wal-Mart And Boeing Laying Off Workers If The U.S. Economy Is In Good Shape?

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wal-mart-photo-by-mikemozartjeepersmediaThe stock market has been on quite a roll in recent weeks, but signs of trouble continue to plague the real economy.  Earlier this week, I talked about the “retail apocalypse” that is sweeping America.  Major retail chains such as Sears and Macy’s are closing stores and laying off workers, but I didn’t think that Wal-Mart would be feeling the pain as well.  Unfortunately, that is precisely what is happening.  USA Today is reporting that approximately 1,000 jobs will be cut at Wal-Mart’s corporate headquarters in Bentonville, Arkansas by the end of this month…

Walmart’s plan to lay off of hundreds of employees is the latest ripple in a wave of job cuts and store closures that are roiling the retail industry.

The world’s largest retailer is cutting roughly 1,000 jobs at its corporate headquarters in Bentonville, Ark., later this month, according to a person familiar with the matter who was not authorized to speak about it.

The company is saying that these cuts are necessary because Wal-Mart is always “looking for ways to operate more efficiently and effectively“.  But something doesn’t smell right here.  You don’t get rid of 1,000 employees at your corporate headquarters if everything is just fine.

I have driven past Wal-Mart’s headquarters in Bentonville a number of times, and it is in a beautiful part of the country.  Bentonville and the surrounding areas had been booming, but it looks like times may be changing.

Meanwhile, there are signs of trouble out on the west coast as well.  The Los Angeles Times is reporting that there is going to be a new round of engineering job cuts at Boeing…

Boeing Co. has internally announced a new round of employee buyouts for engineers companywide, including in Southern California, and warned that layoff notices will follow later this month to engineers in Washington state, where the company has a large presence.

Management did not cite a target for the number of projected job cuts.

The news comes after company Vice Chairman Ray Conner and the new chief executive of Boeing Commercial Airplanes, or BCA, Kevin McAllister, warned in December of the need to aim for further cuts in 2017.

And according to Boeing spokesperson Doug Alder, similar job cut announcements are coming for other classes of workers as well.

So why is Boeing getting rid of so many employees?

Well, the truth is that Boeing’s business is way down.  The following comes from Wolf Richter

Business has been tough. In 2016, deliveries fell by 14 jets from a year ago, to 748. Net orders dropped 13% from an already rotten level in 2015, to just 668, down 53% from 2014. And the lowest level since 2010!

When the economy is doing well, air traffic tends to rise, and when the economy is doing poorly it tends to go down.

Needless to say, the fact that Boeing is doing so poorly does not bode well for the future.

In addition to Wal-Mart, another major retailer that is letting people go is Petco

Petco is cutting 180 positions with about 50 at its San Diego headquarters, the pet supply retailer confirmed Wednesday.

The company made the cuts across its workforce and include both existing and open positions.

Petco has about 650 workers at its headquarters in Rancho Bernardo. It employs 27,000 in the U.S.

My wife and I have three cats, and even though Petco tends to be a bit overpriced we have always appreciated the work that they do.

Unfortunately, when the economy gets tough spending on pets tends to be one of the first things to get cut back, and this current trouble at Petco could be a sign that rough sledding is ahead for the entire economy.

Of course your personal perspective on these things is likely to be very heavily influenced by your immediate surroundings.  Those that live in wealthy enclaves of major cities such as San Francisco, New York City or Washington D.C. may be wondering how anyone could possibly be talking about economic trouble right now.

But if you live in economically depressed areas of Appalachia or the upper Midwest, it may seem like the last economic recession never even ended.

There have been pockets of economic prosperity in recent years, and this has resulted in some people becoming exceedingly wealthy.  Meanwhile, things have just continued to become even tougher for millions of other families as the cost of living always seems to grow faster than their paychecks do.

If you are in the top one percent of all income earners, maybe to you it seems like things have never been better.  But most of the country is living paycheck to paycheck and is just struggling to survive from month to month.  The following comes from CNN

The rich are money-making machines. Today, the top mega wealthy — the top 1% — earn an average of $1.3 million a year. It’s more than three times as much as the 1980s, when the rich “only” made $428,000, on average, according to economists Thomas Piketty, Emmanuel Saez and Gabriel Zucman.

Meanwhile, the bottom 50% of the American population earned an average of $16,000 in pre-tax income in 1980. That hasn’t changed in over three decades.

The workers being laid off at the companies discussed above are real people with real hopes and real dreams.  Perhaps many of them will be able to land other employment fairly soon, but the truth is that the job market is really tough in many areas of the country right now.

Finding a good job that will allow you to pay the bills and support your family is not easy.  You may find that out the hard way if you end up losing your current job during the economic troubles that will come in 2017.

Earlier today, I came across an excellent article by Gail Tverberg that detailed a whole bunch of reasons why a significant economic downturn appears to be imminent in 2017.  If you would like to read it, you can find it here.  She points to many of the same things that I have been pointing to for a very long time.

Even though economic conditions were fairly stable throughout 2016, our long-term problems just continued to get even worse.  So the truth is that we are more primed for a major crisis today than we have been at any point since the last recession.

My hope is that things will not be nearly as bad in 2017 as Gail Tverberg and others are projecting that they could be, but the warning signs are definitely there, and it isn’t going to take much to push the U.S. economy off the rails.

 
  • socalbeachdude

    The more companies lay off and cut hours for workers, the more profitable they are!

    • Guest

      Wow, let’s nominate you for the Nobel Prize in Economics!

    • Mark

      Are you kidding me. Ok, lets get rid of the livehoods of many so we can make the top 3% wealthier and more powerful. I believe you want the feudalist system back.

      • socalbeachdude

        I am simply stating a financial fact and reality.

        • Mark

          True, but it does not make it right.

          • socalbeachdude

            Well, it is what it is.

            And it is the American Way.

        • Not fact and not reality.

    • CensoredSpeech✓ᴰᵉᵖˡᵒʳᵃᵇˡᵉ

      That’s the recipe for decline, failure and bankruptcy!

      • socalbeachdude

        How so? Producing more and better goods with fewer and fewer employees is the very core of the concept of PRODUCTIVITY and success.

        • Socaldude; Do you own any stock? who do you think owns the stock of those fat cat corporations? Individual investors, families, pension plans, banks, and lots of other entities.

    • The more companies lay off and cut hours for workers, the more profitable they are… for awhile until the fat lady sings and the company dies via bankruptcy.

      • socalbeachdude

        Why would the company die via bankruptcy as long as its profits go higher? It wouldn’t. Obviously. The only thing that would achieve your prediction is if PROFITS FELL for the company.

    • CensoredSpeech✓ᴰᵉᵖˡᵒʳᵃᵇˡᵉ

      So, if they lay off all of their employees and/or reduce their hours to zero they should be extremely profitable, is what your saying?

      • socalbeachdude

        No. Obviously no going concern that is profitable would ever considering laying off all of its employees and reducing hours of workers to zero.

        • CensoredSpeech✓ᴰᵉᵖˡᵒʳᵃᵇˡᵉ

          I was just carrying your logic out to its conclusion!

  • Mike Smithy

    Contrary to popular belief, there’s not much evidence that layoffs are a cure for weak profits or that they reposition a firm for growth going forward. Ordinarily, firms that are laying off are usually in trouble. However, where there is overcapacity, such as a market downturn, layoffs can be a survival necessity. From a long term perspective, there is scant evidence that cutting to improve profitability helps beyond the immediate, short-term accounting bump. Many years ago, my grandfather worked for the Coors Brewing Company in Golden, CO. When prohibition came along, the Coors facility was able to retool and produced malted milk and porcelain products. My grandfather was fortunate in being able to remain employed.

  • Bruce

    Unless and Until we put real and significant tariffs on ALL goods produced outside of the U.S. then we will NEVER see decent employment numbers and certainly not decent wages. There is no way in hell that employers can compete with .50 cent an hour wages, no unemployment taxes, no matching Social Security, no vacation or holiday pay, no insurance etc.etc.. If you think for ONE second employers will willingly pay 2-300% more for labor and associated cost then they have to, then you have another think coming!

    • Willard Ferch

      Hoover tried that; it didn’t work.

      • socalbeachdude

        Prior to the US federal income tax in 1916 nearly all government revenues in the US came from trade tariffs and liquor taxes.

      • socalbeachdude

        Hoover didn’t try that. Congress tried much higher tariffs with the Smoot-Hawley Tariff Act of 1933 and that indeed didn’t go particularly well.

  • William Lutz

    May Allah bless you Michael.

    • GSOB

      Jesus replied, “I am the bread of life. Whoever comes to me will never be hungry again. Whoever believes in me will never be thirsty.

      • William Lutz

        Muhammad is the only true prophet. Allah is life!

        • GSOB

          Is Muhammad greater than King Solomon?
          1 Kings 1:10

  • socalbeachdude

    Productivity is all about companies finding ways to cut ours for employees and eliminate jobs while producing even more goods to boost corporate profits and that is precisely what companies have been doing in America for decades which is why corporate profits are way up and one of the reasons that the 6,200 or so companies listed on the stock exchanges have gone way up – right along with unemployment in the US which is now around 32% as fully accounted for with 105,000,000 of the 324,000,000 million Americans fully eligible for the work force now without jobs.

    • awb22

      I think you mean profitability, but no matter. You’re correct about the employment rate. Any thoughts about how to turn it around, or are you only able to state the problem?

      • socalbeachdude

        Turn what around? Hire more employees? Why would businesses do that when it hurts profitability UNLESS they can use those employees to actually sell more products into the global economy?

        • awb22

          So you don’t think low employment rates in the US are any big deal. Your compassion for your fellow man is underwhelming.

          • socalbeachdude

            Businesses are not charities or welfare agencies and ONLY create jobs and hire people when those jobs produce profits for their companies or sole-proprietorships.

          • awb22

            Who said they are? What obligation does a corporation, like an individual, have towards being a responsible citizen?

            Since you mention profit, where is the profit for the input of labor?

          • socalbeachdude

            What on earth do you mean by being a “responsible citizen?” Most all major corporations operate community programs including contributions to hospitals and other contributions and programs for the benefit of communities. What more do you want them to do? And what do you mean by “profit for the input of labor?”

          • awb22

            Charities are a sham, you should know better. Businesses won’t remain in business if they don’t break even. What I mean by the labor profit is simple, capital receives profit, typically, labor receives none. this is categorically unjust. Thus, labor should receive profit on the value of their labor, on a dollar for dollar basis, as capital does on the value of capital.

          • socalbeachdude

            Capital is owned in companies by the corporations themselves in their capital / equity accounts and the shareholders who invest capital in corporations. CAPITAL IS ALWAYS AT RISK OF LOSS and is a very different kind of thing than labor for hire at a market fee as provided by workers to any corporation which has no risk of loss to the worker. Capital never “receives profit” but those who own the capital are the ones who receive a profit in the form of dividends and higher share prices when profits are made by corporations.

    • Mark

      You are correct about the employment statistics which I have researched myself but economics is not just financial but social too. As Henry Ford said if my employees are being paid well they buy products that support other companies which hire employees who buy my cars. That is not happening since companies today are producing LESS and paying less. Earnings are not up but down for most. These companies are relying on overvalued stock assets to boost margins and the only ones who benefit are the top 3%. The other 97% have less, become poorer, while crime increases and society goes down the sh!tt@r. More welfare and government handouts while the tax payer gets strapped paying for more over bloated government services. These companies and elites don’t care because they get breaks and loop holes in taxes. As a result they pay % hslh of what the average Joe makes.

      This a fact and what we live in today is a crony capitalist system which will fail. Globalism is crony capitalism. Explain to me your solution to the employment situation.

      • socalbeachdude

        Companies today are producing FAR MORE with FAR FEWER EMPLOYEES which is what productivity is all about. For the largest companies earnings are at or near record high levels, which coupled with huge stock buybacks by those companies, is why the stock markets are up to record high levels in the US.

        • awb22

          For the average person, the stock market up or down means absolutely nothing. In fact, most stocks are owned by the global elite. Any more trivia you want to share?

          • socalbeachdude

            There are more than $27 trillion of assets in the US stock markets and most Americans have a direct financial interest in some of those assets through pension funds, mutual funds, stock ownership, and the impact the stock market valuations have on the company they work for and their employment.

          • awb22

            My, you’ve cast a wide net. Glad it’s working out for you.

          • socalbeachdude

            The bond markets which are really debt markets are by far larger than the stock markets and in the US are now comprised of around $47 trillion in assets.

        • Mark

          Companies are NOT more productive and earnings are not better. Also having a large portion of people not working does create a productive economy. You still never answered my question on what you do with the millions that are not working.

          • socalbeachdude

            Companies in 2017 are vastly more productive than they were even 10 years ago and are producing far greater output with far fewer employees which is the very definition of PRODUCTIVITY.

          • Mark

            We can agree to disagree.

          • socalbeachdude

            Not really. The facts are simply the facts.

          • Mark

            No, those are your opinions…Again you fail to have a solution to the unemployment crisis. You use theory to express reality.

          • Bill G Wilminton NC

            U Can Agree To BLOCK HIM….giv us a break !!!

          • Mark

            True but he is such an annoyance and a pain in the A$$.

          • Bill G Wilminton NC

            If You Put A Block On Him You Do Not See His Comments…..Like Many Many Others Have Already Done……I

          • Bill G Wilminton NC

            B..L..O..C..K IM

  • socalbeachdude

    COUNTDOWN TO PRESIDENT TRUMP: 10 DAYS TO GO

    UK MI5/6 UK SPY CAUGHT RED HANDED ON FAKE DOSSIER

    ‘Will you look after my cat?’ Ex-MI6 spy flees his $2m UK home ‘fearing for his life’ leaving his pet with neighbors after being outed as the man behind dirty dossier on Trump

    Ex-MI6 Christopher Steele is reported to be the source of a salacious file alleging the Kremlin had compromising evidence about Mr Trump’s sex life, that it planned to use to blackmail him. The 35-page briefing, which is littered with spelling mistakes, includes an unsubstantiated and far-fetched claim Trump watched prostitutes perform a ‘golden shower (urination) show’ in the Presidential Suite of a Moscow hotel. Mr Trump called the dossier ‘fake’ and ‘phony’ and said ‘sick people put that c**p together’, even suggesting that US secret services had leaked it to damage his reputation before his inauguration. Steele has now been forced to flee his gated Surrey home (top right) and has gone into hiding, frightened of Russian reprisals. Neighbours said they had seen his car leaving the detached property earlier in the day and that he may now be abroad or in a safe house. A security source said: ‘He terrified for his safety’. Bottom right is the London office where Mr Steele works.

    http://www.dailymail.co.uk/news/article-4111608/Will-look-cat-Ex-MI6-spy-worked-murdered-Litvinenko-flees-1-5m-home-fearing-life-leaving-pet-neighbours-outed-man-dirty-dossier-Donald-Trump.html

    • awb22

      Not relevant to the OP. I’m beginning to see a trend in your trolling.

      • Reality

        I blocked the loser long ago…

        • socalbeachdude

          And you go by the name “Reality?” Really?

      • bc

        They gave him a laptop for his room at the California State Psychiatric Hospital !!! (in a ward for the criminally insane) soon to be roommates with Obama & Hillary !!!

        • socalbeachdude

          You appear to have major comprehension issues as to key topics of news.

          • bc

            U appear to be a liberal puppet troll used as a tool of the New World Order to further their satanic goal of one-world government…and the sad thing about it is that you don’t even know it !!! And when they are finished with you, they will exterminate you and you will end up in a very bad place. (think global warming !)

      • Bill G Wilminton NC

        B L O C K

    • LIZ THE SHIZ

      socalledbeachbude works for MI5/MI6 he’s licensed to CUT/COPY/PASTE

      • socalbeachdude

        False.

        • LIZ THE SHIZ

          laughably false

          • BATTLE LOG

            Lmfao!!!

          • Bill G Wilminton NC

            block bloc blok giv us a break

      • Bill G Wilminton NC

        Block him …..

  • socalbeachdude

    Kremlin slams ‘witchhunt’ election hacking allegations and accuses American spy chiefs of using ‘amateurish’ intelligence in smear campaign

    The accusations, published in last week’s US intelligence report, claimed that Vladimir Putin ordered an ‘influence campaign’ aimed at damaging Hillary Clinton’s campaign.

    http://www.dailymail.co.uk/news/article-4103220/Kremlin-slams-witchhunt-hacking-allegations-accused-using-amateurish-intelligence.html

    DNC’s Gross Negligence Led To Hacking

    http://www.foxnews.com/politics/2017/01/07/dncs-gross-negligence-led-to-its-hacking-trump-tweets.html

    FBI DELETES DETAILS ABOUT HACKING EFFORT IN DOCUMENT RELEASE…

    http://hosted.ap.org/dynamic/stories/U/US_APPLE_ENCRYPTION_FBI_LAWSUIT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2017-01-07-05-03-15

    Trump Blasts ‘Fools’ Who Oppose Good Russian Ties…

    https://www.bloomberg.com/politics/articles/2017-01-06/u-s-says-putin-ordered-russian-hacking-during-the-2016-election

    Moscow Mocks Charge Kremlin Meddled in Election…

    Obama undermined USA…

    http://thehill.com/policy/international/russia/313178-russian-official-us-democracy-was-undermined-by-obama-not-moscow

    • awb22

      This has nothing to do with retail layoffs. You should start your own blog which no one will read.

      • Bill G Wilminton NC

        Block him

    • bc

      U must be some kind of a rare breed moron !!

      • socalbeachdude

        I am a person interested in key news facts that have a very direct impact on our country. Sad to say that is indeed very rare today in the USA.

        • bc

          No, it is very common, that most morons like you (which is most of the populace of America) believe the fake news narrative spewed out by the main-stream media . The thing that is rare is that you come on here and hopefully you read Michael’s articles and read the common sense posts that most of us write and still post the non-sensical crapola that you do !!! George Soros & Hillary are too smart to be paying you very much to be doing that !

      • Bill G Wilminton NC

        BLOCK BLOCK HIM

  • socalbeachdude

    PIERS MORGAN: The only hookers in this story are the cheap, lazy journalists who ran with fake Trump sleaze to urinate on his presidency

    No, President-elect Donald Trump didn’t pay prostitutes to urinate on his bed in the presidential suite at the Ritz-Carlton hotel in Moscow, three years ago. Neither did Trump do this to deliberately defile a bed that had been used by Barack and Michelle Obama. Buzzfeed, the website part-owned by NBC that broke ranks and published the allegations and edited by Ben Smith, bottom right, admits it has no evidence to prove it’s true, has not been able to independently verify it, and may never be able to verify it.

    http://www.dailymail.co.uk/news/article-4110700/PIERS-MORGAN-hookers-story-cheap-lazy-journalists-ran-fake-Trump-sleaze-urinate-presidency.html

    • awb22

      What does this have to do with retail layoffs?

      • Willard Ferch

        People who deliberately pee in beds get laid off. That’s just common sense!

      • sister soldier

        Thank you.

    • max gon

      Good work socalbeachdude, keep posting those news, they are way more interesting than some of the nonsense Michael writes on this site.

      • Mark

        Max!!!!! Please be gone you T A R D.

    • BATTLE LOG

      I’m not sure what to think about you. On the one hand, I agree with a lot of what you say, and I appreciate many of the links that you post. On the other hand, it’s a little tacky to stroll onto another man’s blog and attempt to hijack the narrative via copy and paste.
      BUT….
      Like AlwaysTomorrow pointed out, there’s no way you’d be able to get away with spamming links like this WITHOUT THE AUTHORS PERMISSION!
      You’re an odd one for sure!

      • Bill G Wilminton NC

        Block Him Please

    • bc

      Dude…U need to get a real job..You’re gonna starve at a penny a post for trolling !! LMAO !

      • socalbeachdude

        Huh?

      • Bill G Wilminton NC

        Block Him…..

        • socalbeachdude

          I’d suggest your start learning rather than hiding your eyes like an Ostrich!

  • Jedi

    I have the utmost confidence in Trump. He will save the U.S economy. Due to lower taxes businesses will be flocking back to the U.S

    • socalbeachdude

      Federal taxes need to be INCREASED SUBSTANTIALLY as we presently have a $1.4 trillion a year federal DEFICIT which is the shortfall between federal government spending and federal government revenues.

      • BATTLE LOG

        Why not just do away with the Federal Reserve? Perpetual debt is an inevitability when you borrow all of your currency from a private banking cartel at interest.

        • socalbeachdude

          If Congress were to abolish the Federal Reserve – which is a creature of Congress created by the Federal Reserve Act and which Congress has a right to abolish – then it would cost the US government and its taxpayers around $100 billion per year which is $1 trillion over the next 10 years.

          The Federal Reserve does not cost the US government or its taxpayers a single penny to operate and rebates more than 94% of its annual profits each year to the US Treasury and its taxpayers which amounted to more than $92 billion for the year ended in 2016.

          The Federal Reserve only owns about 14% of the outstanding US Treasuries and 86% are owned by parties other than the Federal Reserve. Those that are owned by the Federal Reserve are INTEREST FREE to the US government, but that would no longer be the case without the Federal Reserve.

        • socalbeachdude

          The Federal Reserve has nothing at all to do with federal government taxes or the spending of $4 trillion per year in the federal government budget which is around $1 trillion more than the US government is taking in via revenues each year and those issues are entirely a matter for CONGRESS to deal with along with the Executive Branch.

  • billtheguy

    Boeing will need to learn how to make smaller planes. Poor people will not be able to afford to fly. You have the elites and then the poor, no middle class.

    • sister soldier

      At least no middle class based on the definition of what it used to mean.

      • awb22

        It’s shaping up to mean enslavement, with an unaccountable ruling class, not too dissimilar to feudal Europe. Any correction to current trends will have to include re-instituting the US Constitution.

        • Lazarovic

          But, but, isn’t that what we voted for?

          • awb22

            Maybe that’s what you voted for.

          • Lazarovic

            I didn’t vote for Trump. You misunderstand. But if you did, you got exactly what you voted for – corporate oligarchy. You didn’t really believe he was a populist, did you?

          • buffalo lips

            Are you suggesting that the alternative would have been preferable? You’re kidding, right!

          • Lazarovic

            Your suggestion, not mine.

          • Brian

            Hey Licearovic, this has nothing to do with Trump you libtard commie. Are you even capable of comprehending the fact that Donald has not even taken The Presidential Oath of Office? This economic fiasco falls squarely on the shoulders of the muzzie/commie CURRENTLY occuping the White House.

          • Jack Frost

            Whoa now, eight years of fiction peddling shovel ready jobs from this robust rebounding economy is coming to an end? Say it ain’t so Joe…

          • Brian

            The fat lady is warming up her vocal cordes….Trump Trump Trump…

          • Lazarovic

            You don’t even know what “corporate oligarchy” means, do you? No lib here, I’m an SF veteran that speaks three languages, and pukes like you make me sick.

          • Brian

            Lice man its not my fault that when you were just a little boy your sick Russian grandparents made you play naked twister with them thus creating the mentally disturbed monster that you are today. Get some psychological help ASAP, you mentally deranged sicko. Lastly, GFY and ESAD, booya! ha ha ho ho he he

          • Lazarovic

            I’m gonna guess your an overweight, white working class rube who works at Walmart and lives in his mother’s basement….

          • Just so you know, there are neither any Muslims nor any Communists in the White House currently (nor have there been in the last eight years).

            America has had a Christian and a Populist in the White House since he was inaugurated eight years ago.

          • Gay Veteran

            what, you think Hiligua didn’t represent the corporate oligarchy?

        • sister soldier

          Well said.

        • Mark

          Very true…

        • socalbeachdude

          What you are talking is government mandated SOCIALISM which is certainly not going to happen in the US.

          • bc

            We have a big start on that already….it would have been completed if Trump had not been elected.

    • Mike Smithy

      You can very well bet that all of the clown show lies are about to be uncovered with regard to the economy. The Bureau of Lying Statistics (BLS) will soon be reporting the accurate economic conditions on main street, and the MSM Presstitutes will serve as the echo chamber as soon as President Zero leaves office. You can take that to the bank.

  • mtntrek3

    The working class is fading fast. No viable economy without the middle class. With exception to smaller businesses that can’t reasonably afford to pay their employees more….. corporate greed is in play. ….. A corporation must afford it’s employees a livable wage as it is able to do so.There is a limit to what the economy can withstand…….. and we’re nearing the threshold now.

    • Lazarovic

      and now you have the gov’t in the hands of those same corporate entities. You asked for it, you got it…

      • mtntrek3

        Not a Trump voter…… . I hear you. Hoping for the best out of his administration. All the while concerned.

      • Most of the 1% are in the banking and financial trading markets. Only a few are in large corporations. And where did Obama send his government largess to? Answer: political big money donors, including banking, finance, and government contractors.

        • socalbeachdude

          That is actually not true. Many of the 1% are in the entertainment and sports industries along with the major 2,000 corporations in the US. Most people in banking are not paid much at all except those at the top and those corporations are including in the largest 2,000 corporations in the US.

          • Socaldude: Your facts are limited and not entirely factual. Many are in the entertainment and sports industries, yes. But also in government, Wall Street, Real Estate, and a few of the very large corporations. Some are even in Labor Unions, religion, and the medical community. Then add in a bunch of Lawyers.

    • How about paying those employees a wage equivalent to what they individually contribute to the company’s productivity? We’re not talking about slinging burgers at a fast food shop.

      • socalbeachdude

        That would likely result in a very significant reduction in wages and salaries!

      • mtntrek3

        Even fast food places could pay more…. talking about the major franchises. Not sure about 15.00/hr. as Bernie was talking, but more depending on the cost of living region wise in particular.

      • mtntrek3

        Also….. if we’re talking a commission type form of compensation, o.k.. That needs to apply to management up the ladder to the CEO also. For example… CEO’s shouldn’t be getting even more in pay in some cases when the company is tanking. Corporate greed.

  • voltaic

    I guess trump is there to get all those retail workers their jobs back. He will end the Internet so stores can open aand online sales can stop their job destruction. And trump will end competition from Airbus and other plane manufacturers and keep those jobs in America! And trump will end technology so robots and other forms of employee replacements are no longer allowed! Please. Retail stores have been a dying business for years and large manufacturers of large items can take a big hit from a small drop in orders. And a recent study showed that repealing ACA will result in up to 3 million jobs being lost, but then that is something you will never see at this place…..

    • awb22

      I think Trump is more interested in manufacturing than retail. What is the source of your figures for 3 million jobs lost? Health care costs must be cut, but it must be shared sacrifice. Somehow, I doubt that will happen.

      • GSOB

        Repeal the mandate to be covered.

        • socalbeachdude

          Yes, but that doesn’t address the soaring charges for medical expenses by the hospital and pharmaceutical industries which are the core of the problem.

      • socalbeachdude

        Medical expense costs are continuing to rise mostly entirely due to MASSIVE PRICE GOUGING by the hospital and pharmaceutical industries and they are what need to be reined in by government as to what they are allowed to charge.

        • awb22

          From what I understand, it started when hospitals became for profit, but then, isn’t that what capitalism is all about, profit above all?

          The simple fact of the matter, is universal health care is not possible, at least not without a restructuring of society. So, if it must be rationed, then why not by the ability to pay? Otherwise, it’s socialism, and will be the least efficient model. We kicked the can down the road 70 years in the 1960’s with medicare, when the insurance industry lobbied successfully for the government to take over a person’s health care after they’ve paid insurance premiums their entire lives, and then magically, when a person turns 65, the government picks up the tab. Hospitals and doctors got the short stick. Single payer is what the progs want, insurance companies like it just the way it is, and the average citizen is squeezed against the middle.

          Like everything else, the system could be tweaked to work for everyone, but it’s being tweaked to work for the few, at the expense of the many.

          • socalbeachdude

            Yes, you are correct. Around 50 years ago about 90% of all hospitals were not-for-profit entities (many operated by churches and medical professionals and which incorporated charity services) but today more than 90% of all hospitals are corporate owned for-profit entities often owned by large hospital chains.

            Universal health care provides by a government is always an option, but that comes at a very high cost in terms of taxes that much be charged. It is estimated that the cost for a family of 4 on average would be around $20,000 a year which would have to be added to your federal tax bill.

            As to insurance, up into the 1970s there really was very little comprehensive medical expense insurance available and most of what was available through the insurance industry was major medical coverage which only kicked in after around $5,000 of expenses and covered major hospital and surgery expenses.

            Then the medical expense insurance evolved to offer broader comprehensive coverage including doctors visits and pharmaceuticals and routine procedures blended as comprehensive medical expense insurance. The next notion was HMOs (Health Maintenance Organizations) which were theorized to be lower in cost as they would focus on preventative medical care, but they turned out to be a much more expensive alternative due to much higher customer utilizations.

            Medicare in the 1960s did indeed shift off old age costs to the US government and became the most expensive program ever offered through the US government with funds collected through payroll taxes and way too low premiums for Part B coverage and that is the biggest reason for the massive US government today other than Social Security which is also very underfunded in terms of life expectancy as people on average live to be much older today than when those programs were conceived.

            Vastly more can be done today in 2017 than ever before to prolong life and cure diseases – but at a huge and growing cost which the for-profit hospital and pharmaceutical industries are price gouging to the absolute max.

          • socalbeachdude

            Karl Denninger’s take on the situation is about the best and most concise I’ve seen.

            Welcome To Reality, IDIOTS! – By Karl Denninger

            Time for this one again:

            In place of quick service and painless billing, these Virginians are now facing the threat of sticker-shock that comes with bills they can’t afford.

            ‘They had no idea if my insurance was active or not!’ a coughing Maria Galvez told MailOnline outside the Inova Healthplex facility in the town of Springfield.

            She was leaving the building without getting a needed chest x-ray.

            ‘The people in there told me that since I didn’t have an insurance card, I would be billed for the whole cost of the x-ray,’ Galvez said, her young daughter in tow. ‘It’s not fair – you know, I signed up last week like I was supposed to.’

            The x-ray’s cost, she was told, would likely be more than $500.

            An X-ray shouldn’t cost more than $50.

            But it’s $500, and even if you actually have the insurance under Brosurance, otherwise known as “Obaminationcare”, you are going to get the entire $500 bill anyway.

            Why?

            Because you have a $5,500 deductible, and until you pay that $5,500 out of your pocket you get nothing from the so-called “insurance” except the monthly bill that automatically comes out of your checking account.

            And if you don’t have that $5,500 unless you’re literally dying right here, right now the doctor or hospital will not see you — until you prove you can pay him first.

            If you thought this wasn’t what you were going to get you’re not very bright.

            http://market-ticker.org/akcs-www?post=227272

    • GSOB

      Watch the movie
      ‘Patch Adams’

  • sister soldier

    Wal-Mart is indeed the writing on the wall but in my opinion not so much as an economic indicator but more a global player of what is to come. Wal-Mart’s success is credited to their unrivaled technology that is reported to be connected with our own military’s logistical systems. [Even Army Col. Vernon L. Beatty, who commanded the Defense Distribution Depot in Kuwait, spent a year with Wal-Mart as part of the military’s Training With Industry program stating that; “Supply chain management is moving the right items to the right customer at the right time by the most efficient means,” Beatty said in an article about his experience. “No one does that better than Walmart.”]

    • BATTLE LOG

      I believe Walmart will continue to shift towards ecommerce to compete with Amazon. Retail outlets are falling out of fashion.

      • sister soldier

        Yes, I work part-time in retail (my fun job) and our foot traffic has been dismal lately to say the least.

    • socalbeachdude

      Wal-Mart has practically nothing in the way of “logistics” compared with Amazon.

      • Da_Neutral_Observer

        Shows how clueless you are. Wal-Mart has underground tunnels giving them hundreds of times the warehousing capacity of Amazon. You can only sell what you can store.

      • Yup, Amazon’s number one “logistics” move was firing almost all of the men from their warehouses ad replacing order pullers with automated machines/robots.

        Nothin’ saves a company money like replacing human workers with robots.

    • Mike Smithy

      As an interesting tidbit, for a period of time after WW2, DOD supply depots were modeled after Sears & Roebuck.

      • sister soldier

        Judging by the imminent demise of the retail chain it would appear they have found a more suitable replacement.

        • socalbeachdude

          There is no “imminent demise” of retail.

          • Da_Neutral_Observer

            Read for comprehension. She said imminent demise of THE RETAIL CHAIN not “retail” in general.

          • SnodtBlossom

            only an idiot would believe that Walmart is in despair

          • bc

            another moron, she was referring to Sears.

          • bc

            U moron, she’s talking about Sear’s..but we understand, since you get your facts from Snope’s.

      • SnodtBlossom

        same architectural company (guess)
        saved work

  • muldoon55 .

    I’m not going to come on this site and describe the color of the water we’re drowning in for it’s plain to see many are suffering because of the, greed,corruption and failed economic policies of this country.
    I am going to direct your attention to and encourage all of you to align yourselves with the only real solution to all these problems namely
    Jehovah God , Sovereign of this universe.
    One thing is for sure and that is that the economy of this country as well as all others around the world WILL collapse and soon!
    This isn’t happenstance or the the result of ineptitude on the part of governments but rather the carefully orchestrated plan of God Himself to make way for the arrival of His Kingdom rule with His son Christ Jesus as the King.
    According to Jesus’ own words at Matt:24:21 ,in describing the events that occur on earth at the time of his coming to heavenly Kingdom power,
    He says “for there will be great tribulation such as has not occurred since the world’s beginning until now,no,nor will occur again”.
    Yes, God’s Kingdom come will occur amidst global turmoil and war and complete breakdown of civilization as we know it.
    Do you think the nations would just hand over their control of the earth to Jesus if he for instance were to come down as an envoy of peace and request world power be handed over to him?
    No! It will have to be ripped from their power hungry grip and they along with anyone on earth who have preferred human ruler ship will have to suffer the fate of those who have taken a stand against God and His rightful rule of this earth.
    Their is no neutral ground on this issue.
    That being said I would encourage anyone reading this to take heart and see that there is a real prospect for hope and survival through all that is about to befall this earth .
    First, if we want to be in favor with Jehovah God,doesn’t it make sense that we would want to come to know Him?
    How can we do that if we don’t read His Inspired word found in the bible?
    Only there can we read of His purposes for us and His earth,His intimate dealings with His people throughout history, and what He expects from us as stated in His statutes and regulations for prosperous and successful living . Only there can we find the road map to a bright eternal future beyond the collapse of this diseased world.
    But He also wants all of us to talk to Him in prayer and to put our complete trust in His strong saving arm and to witness His saving power when he brings this rebellious generation down into eternal destruction.
    Bend your knee and sue for peace now while the season is still favorable. May God bless all of you.

    • GSOB

      …………”That being said I would encourage anyone reading this to take heart and see that there is a real prospect for hope and survival through all that is about to befall this earth .”…………

      May I recommend TO you, purchase and read the following book.

      ISBN 0-87552-389-7

      Postmillennialism:
      An Eschatology of Hope
      by Keith A. Mathison

      &

      1 Thessalonians 5:23

  • Lazarovic

    The next four years will be a bloody disaster, prepare your family for economic collapse, war and societal chaos.

    • CASTIEL

      Dont be so negative…….Just see the good side of it :at least in thoses times you can shoot everyone you dont like, and not getting arrested 🙂

    • Richard O. Mann

      It’s all just rock and roll. Nothing on this earth lasts forever. I would say that things will continue to get interesting.

  • K

    Walmart and others are not good news. But they are not the indicator I watch. Dollar General is what I keep an eye on. They are still building new stores. Many of them their new superstores, with the expanded grocery area. When they start closing any real number of stores. I will call that the two minute warning.

  • BATTLE LOG

    Of course retail outlets are going out of business. It’s all about ecommerce now! Brick and mortar stores are turning into glorified showrooms. People can go to the store and determine the products they like and then hop on their phones and buy them from Amazon for significantly cheaper. And rightfully so!
    Good riddance to overpriced retail outlets

    • socalbeachdude

      If so, then goodbye to millions of American jobs.

      • BATTLE LOG

        Meh. That’s capitalism! Times change, and people need to keep up.

        • socalbeachdude

          And how are they going to “keep up” as jobs continue to vanish all over the USA.

          http://www.DailyJobCuts.com

          • BATTLE LOG

            I believe that as people shift away from the cheap, made-in-China crap sold by these retail giants, demand for high quality, handmade, artisan goods will go up. Skilled trades will reign! Just a hunch.

          • socalbeachdude

            What kinds of goods are you talking about? Furniture was one that certainly fell into that category many decades ago with fine crafted furniture that lasted including fine mahogany pieces and I have much of my house filled with those pieces that have lasted for 80 to 100 years. Fine china and silverware and glassware also used to be a major American tradition, but once again there doesn’t seem to be any market for that these days.

            Nearly all of America’s fine china, silverware, glassware, and furniture factories have simply gone out of business entirely over the past 50 years due to lack of demand.

          • BATTLE LOG

            Furniture, clothing, art/deco, shoes, cutlery, etc. This isn’t just wild speculation. I’m a full-time reseller. Demand is trending in that direction. There’s a massive demand for unique, one of a kind items. Individuality is trendy right now.
            Much respect for your taste in furniture! You wouldn’t believe what some of these hipsters do to fine mahogany furniture… it breaks my heart. 🙁

  • Jan 11, 2017 Obama Does One Last Thing To Keep The Economic Illusinary Bubble Inflated

    The Dow is approaching 20,000 points, Gold is moving closer to 1200. Boeing will be laying off more employees, sales are down and orders are down. Obama keeps the real estate bubble inflated before he leaves office. Spain’s banks are in trouble, we are now seeing German, Italian and Spanish banks in real trouble.

    https://youtu.be/U_eOPnRa_zA

    • socalbeachdude

      Obama has nothing whatsoever to do with real estate.

      • It helps if you view and listen in full instead of replying to the title!

  • LIZ THE SHIZ

    the reason is Amazon and multiple smaller international aircraft maufacturers but Boeing is doing just fine on the military side of it’s business

  • Mark

    Another sign of the silent US economic and social collapse that is happening right in front of our eyes. I have a relative that works for the D@J and the speculation for Jade Helm by the government is for the major cities that are considered sancuary cities and our illegal immigration crisis to be dealt with by deporting illegals home and trying to clean up this whole illegal f••k up mess the US has created. Time frame is after the anugeration in the spring while at the same time there will be an economic event that triggers SHTF which creates more chaos or economic crisis. All these events happen one after the other while painting an illusion that they are connected shifting the blame away from the corrupt Fed, governments, central bankers, and globalists. Time will tell but be aware and be prepared.

    • ALWAYSTOMORROW

      I guess it is good my vacation is about to end considering your inside information about another SHTF event about to unfold. You may want to issue a A||ert!

      • Mark

        I’m only relaying speculation from someone in government. However, it does make sense and manipulation is a skill that the elites have mastered quite well.

  • DJohn1

    The real problem here is what the democrats did to the average family income. There are two types of income. Gross and Net Income.
    The net income has been going down for some time now.
    With the skyrocketing expense of health insurance and increase in deductables, most families are struggling to break even.
    When a deductable goes from 600 to 6,000 because of the government changes in health insurance then something is really wrong.
    When incomes are going down instead of up, there is something very wrong.
    Real Estate used to inflate at 4.5% per year. Not any more.
    People’s incomes went up at a similar rate. Until Reagan . . .
    In the 80s, it was a raise of about 2.5%. Now it is nothing.
    We also have socialized things. Meaning it does not pay to make a living any more simply because our legislatures have set up rules so that the poor get benefits when the middle class does not.
    A single mother making less than 20,000 a year has a number of welfare benefits available to her. One making 25,000 a year gets nothing.
    Those numbers are variable. It is complicated. But the basis of the statement is true.
    Walmart is a retail circus. It has been for several years now.
    They do not even check what other people price goods at anymore.
    They used to pay attention to those things.
    Surprise! They are cutting the deadwood out of their corporate headquarters. What would make more sense would be to place people in management with practical experience in running a store.
    It would make more sense to competitively shop the prices so they are ahead of everyone else.
    Every year we have products reviewed by various consumer agencies. Surprise! Those products rated number one are seldom available at WalMart. They are instead available at their on-line store to be shipped to the store instead.
    Inconvenient at best.
    Instead they feature second rate products.
    Average time getting out of a WalMart is anywhere from 5-20 minutes depending on how many cash registers are available.
    Most times you will see huge carts full of goods and that makes it frustrating to get checked out.
    Boeing has a different problem. They are making an Air Force One to end all Air Force Ones and Trump isn’t buying it.
    The problem is basically you either build the best of combat planes or you buy one that is not defeated by logistics.
    If one of these planes can be destroyed with a cheap weapons system you are in trouble.
    They broke the Russian Air Force and Army in Afghanistan simply by designing weapons to down combat helicopters with missiles launched from horseback! The combat helicopter was worth $1 million dollars a piece. The insurgents downed at least one a day.
    Same goes for ships. One Aircraft carrier worth $1 billion to build. One diesel sub with plenty of torpedoes? It takes better than a year to build this dinosaur of the modern seas.
    It is one very big expensive weapon. It takes more than a year to build.
    It takes one really good sub captain to destroy it.
    Lots of luck with that carrier surviving more than 30 minutes of combat.

    • socalbeachdude

      Wal-Mart has always catered to very low end customers in their thousands of stores and they never expanded their web site like Amazon or Sears to include a vast array of products appealing to the full range of shoppers.

  • socalbeachdude
  • socalbeachdude

    Amazon announces 100,000 new jobs across the country to be rolled out in the next 18 months

    The online retailer will up its mammoth workforce from 180,000 to 280,000 in north America as a result of the boost which includes 25,000 jobs for veterans and their spouses.

    http://www.dailymail.co.uk/news/article-4113946/Amazon-announces-100-000-new-jobs-country-rolled-18-months.html

  • Old Sarge

    Nothing to see here folks, Wal Mart does this every year about this time. They cut the fat out! Too bad our Government does’nt !!
    .

  • Leif Erickson

    Boeing South Carolina, which manufactures the new 787 Dreamliner, just offered a voluntary layoff to 600 hourly employees. If not enough volunteer, the company will be forced to layoff some. How many? Don’t know yet. They offered a buyout to 200 engineers back in April, but won’t say how many took it.

    • Guest

      I live in SC, and I wasn’t aware of that. Thanks for sharing.

  • Alberto Francis

    To all the naysayers who think the next 4 years will be utter disaster, get a grip, please. I mean that with the most sincerity.

    I firmly believe that holding true with a jealous fanaticism the principles in our Bill of rights and Constitution will no doubt guide us to liberty, prosperity and happiness.

    Americans will never kowtow to the pessimism of the weak minded.

    I for one see better days ahead, because after all the sun shines brightest after the darkest of storms.

    save your money (not your currency please watch “hidden secret of money” descent explanation on the difference of money vs currency), plant a food garden if you can, become active in your local politics if possible, start a support group with you neighbors to sustain the community. We have lost a lot of these basic participatory acts of community building and need to get back to them. DONT start big, start small and string yourself some small victories to build your confidence.

    and remember you are not alone. we are all Americans we rise and fall together and we must build up our weakest of links in order to have a more stronger union.

    In all honesty for far to long we have let the self appointed rulers of our society divided the masses by race, politics, class, education, etc. We allowed them to make ghettos, projects, trailers parks which are all fabricated poverty! and convince you that ohh yeah those people are scum, they dont want to work hard, or more insane enjoy their condition. WOW! i mean what a con! I am not saying that there will not be a few people who just make bad decisions, but with descent pay, sound education, and time for self improvement, for everyone these things would be reducing not increasing in size.

    the middle class has to wake up and realize they are being screwed. The poor class is not the enemy of the middle class. If anything they are your brothers in arm in this fight against those who want to take everything away from us and make us mindless drones in their pursuit of greater wealth for the very very few. The need of the community has to outweigh the need of the board members of a corporation ALWAYS!

    People first! America first! Always!
    People first! America first! Always!
    People first! America first! Always!

    • socalbeachdude

      The pursuit of wealth is as American concept as it gets!

      • Alberto Francis

        the pursuit of prosperity is the American concept. This prosperity can mean anything to the individual. Spiritual, economic, knowledge. etc

        We have been brainwashed to think that it only means wealth. You need to relearn the spirit of the American concept of prosperity.

        • socalbeachdude

          To most everybody, prosperity means only one thing and that is MONEY, i.e. wealth.

    • JC Teecher

      Amen to starting small, and adding as the funds and experience grow.
      We started back in 2006, and since we were already practicing “true” christianity, we had the #1 item taken care of.

      #2 on that list of shtf prepping items was becoming “debt free”, at all costs. Which meant living on a cheaper budget, and even, downsizing if need be.
      After all; how much square footage do two people need?
      Square footage, and location can mean the difference in several thousand dollars in costs, or savings, annually on property taxes.
      Fortunately; I had invested in some Real Estate that was at a real deal in 1994. With some improvements over the years, it went on the market in late 2006, and sold in 2007 at a 400% markup, over max costs.
      No future log cabin by the creek in the mountains, but no debt on the ledger either.

      #3 was stocking up on Beans and rice, immediately, and adding other items over time, but keeping long term storage food items at the top of the list, was a priority. We have never let up, but have slowed down a tad over the period of prepping of ten years.

      In 2012, we found our local grocer had weekly sales on Luck’s canned pinto beans for .50 cents each. sometimes we even had store coupons for additional savings. As we had about 200 lbs + of dried pintos, we wanted to have some that required little prep time.
      After about 100 cans in storage, the sales stopped.
      The latest “sell by” dates were Dec. 2014.
      We just opened,” tonight”, and ate part of the last three cans. Still as good as the day we purchased, and now they are “on sale” price, of .75 cents. No more .50 cent cans. Not a big savings as seen by most folks, but….no money was wasted either.

      We found canned pinto beans from another grocer, with less seasoning, for .50 cents a can, and will restock, as soon as the winter passes.
      Nothing grand about it, but sure will be nice having items like this in our preps for a possible shtf experience.
      Start small, and grow the preps.

      • K2

        Never go for the cheapest food on sale. You can go for cheap gadgets or cheap clothes, but never go for the cheapest food. I am not telling you to avoid buying rice and beans, i am telling you not to buy the cheapest rice and beans if you can afford it. They are so cheap for a reason

        • Orange Jean

          Well said, but I believe you get a lot more beans for your buck by buying dry beans.

  • socalbeachdude

    Dollar, bonds and more: ‘Trump trades’ are unraveling — fast

    http://www.marketwatch.com/story/dollar-bonds-and-more-these-trump-trades-are-already-unraveling-2017-01-12

    Stocks extend losses on Trump policy disappointment

    http://www.cnbc.com/2017/01/12/us-markets.html

  • socalbeachdude

    Perils of the Icarus Trade as the world runs short of dollars

    Bank of America calls it the Icarus Trade. Global stock markets will surge by another 10pc in a parabolic ‘melt-up’ this quarter, akin to the final stage of the dotcom boom.

    This will be followed by a mirror ‘melt-down’ later in 2017 as the US Federal Reserves squeezes global liquidity, and rising bond yields puncture the Trump reflation trade.

    Michael Hartnett, the bank’s investment strategist, says there will be a perfect moment for the ‘Big Short’ within a few months, but first we must all wait for the speculative fever to pass. The warning signs of a market top are not yet flashing red.

    http://www.telegraph.co.uk/business/2017/01/11/perils-icarus-trade-world-runs-short-dollars/

  • socalbeachdude

    Bitcoin Collapses, Chinese Latecomers Get Fleeced

    “Capital flight” takes on a bitterly ironic meaning.

    The People’s Bank of China announced on Wednesday that it is probing the major bitcoin exchanges in Beijing and Shanghai – BTCC, Huobi, and OKCoin – for a list of violations, including market manipulation, money laundering, and unauthorized financing.

    This is part of the PBOC’s efforts to crack down on capital flight, a major escalation from last week, when Chinese officials warned investors – if you can call them “investors” – to be careful with bitcoin. That warning came at the peak of the spike and tipped the whole thing over.

    Ironically, China’s many other crackdowns on capital flight have pushed the hapless Chinese, who want their capital to flee, into bitcoin. It was seen as a way of converting their yuan into something other than yuan, which they fear will depreciate relentlessly.

    The yuan lost 6.5% against the dollar last year, its worst year since 1994, which is nothing compared to some other major currencies, such as the British pound which lost 16.3% against the dollar, and the Mexican peso which lost 17%. But the Chinese are not used to getting whacked by a depreciating currency. It spooks them.

    So the promise of convenient capital flight along with the lure of bitcoin’s semi-anonymity and the hope of quickly doubling their money have just been too much to resist. The rest of the world lost interest in bitcoin after it transferred a lot of money to those that got in early and got out in time from the latecomers that ended up holding the bag when it began to crash in late 2013. It went from over $1,100 to a range of around $250 in 2015. But recently, the Chinese have picked up the baton and in an insane frenzy drove it to $1,140 all over again.

    And just in time, bitcoin crashed again. As of Wednesday evening, as I’m writing this, it plunged 14.5% to $772, just in one day. In the five days since its peak of $1,140 on January 6, it has crashed 32% against the dollar.

    http://wolfstreet.com/2017/01/12/bitcoin-collapses-chinese-latecomers-get-fleeced/

  • JC Teecher

    In Michael’s article:

    “The rich are money-making machines. Today, the top mega wealthy — the top 1% — earn an average of $1.3 million a year. It’s more than three times as much as the 1980s, when the rich “only” made $428,000,…….

    Meanwhile, the bottom 50% of the American population earned an average of $16,000 in pre-tax income in 1980. That hasn’t changed in over three decades.”

    Therein lies the “great divide” between the rich getting richer, and the poor staying relatively poor.

    It is pretty simple, when you figure in the upper middle class, and understand, no matter what the statistician perception is; they are still rich, or wealthy, (which ever word fits better).

    from a report….”The upper middle class grew to 29.4% of the population in 2014, up from 12.9% in 1979, according to a new Urban Institute report. It defines this group as having household income of between $100,000 and $350,000 for a three-person family.”

    I don’t care who you are, or where you live in America, if your household is average size, and brings in $100,000.00 annual gross income, you are rich/wealthy, when compared to the majority of the 7 billion humans on this 3rd Rock, from the Sun. Any amounts over this, and up to the $350k range, makes a family stinkin’ rich in my book. Not filthy stinkin’ rich, but still very very wealthy…”IF” they use common sense budgeting, and use every tax loophole and deduction available.

    This leaves the remaining 20 percent of the working population to fill in the two classes of middle class, as middle/middle, and lower middle.
    The system, that is controlled by the corporations, and mostly Big Pharma, and Big Insurance, along with corrupt politicians, is sucking the very life out of the 20% that are working and trying to live an average life.

    I did not include the Banksters into the “life sucking” grubbers, because the 20% that are getting hit the hardest, has a choice to borrow and pay interest or not. Not so much of a choice of getting around paying, when it comes to the other $$ sucking clowns. They have most people by the small hairs, and ain’t letting go.

    The trend will continue to eliminate more and more of the 20%, until some rise above the fragile upper middle class income line, or descend into the lower 50% class. Eliminate the middle class, and then, the NWO/globalists/Beast system can control the masses. Trump and his teams will never create enough jobs to turn things around to the days of the roaring mid-80’s and 90’s, except for the elite. wish they would prove me wrong.

    • Mark

      You are 100% right and agree. Your stats are correct but what is even more interesting is the 29% that is considered upper middle class. When you condider household income and not individual income that is even scarier. If two people are making $50,000 their household income is $100,000 they are considered upper middle class. What if one losses their job???? Now they are lower middle class. One recent stat shows 87% of working individuals makes $65,000 or less. What is concerning is as people lose their jobs household income goes down by as much as 50%. Only about 5% of individuals make over $100,000 per year.

      I believe this will get worse as individual incomes go down
      and the slow collapse consumes us all.

      Cheers and stay alive.

    • Sumatra

      I find that people focus way too much on other people (ie. the 1%). Instead, they should be focusing on improving their own situation, not worrying about other’s.

  • Jack Frost

    Walmart is cutting more corporate jobs because someone has to pay for the salary increases. Sure, it is easier to think the money simply appears out of thin air solely because they are a business. But the fact is raises increase operating costs which must be offset in some other manner. Everyone assumes profit will suffer instead of people being let go, but those who own shares expect dividends and price appreciation over time. Otherwise people start selling, share prices fall and the company has less money to conduct business and eventually they close and all are let go. Now with China being a trade target under the next administration, Walmart may be worried about where they almost free merchandise will be made if tariffs are imposed. Walmart wares are mainly very low end. Would you pay double for such trash? No, so they will start buying American made stuff again. People here will have jobs. The dollar may gain some buying power. That would make it harder to service the trillions in debt we owe as a nation but nothing is perfect.

  • asdcasdc asdcaec

    Obama saved the economy that Bush destroyed. Now the economy will collapse again thanks to Trump.

    • socalbeachdude

      Obama did not save anything at all, but rather encouraged the federal government to DOUBLE THE FEDERAL DEBT from around $10 trillion when he took office to now around $20 trillion when he is leaving office – all to live for today at the expense of tomorrow, and now tomorrow is here and it is a rather hideous financial picture with more than $165,000 owed by each of the around 118 million households in America just for the federal government debt tab.

      • asdcasdc asdcaec

        Trump wants to spend billions on reforming immigration, billions more on the military. and wants a 1 trillion infrastructure spending. He also wants to cut taxes by massive amounts.

        Do republicans care that Trump will explode the debt?

    • JC Teecher

      That is so typical of people that support “liberalism”.

      The economy has been on a downward spiral, since the National Debt grew beyond manageable limits in the mid Eighties.
      Although, still in the billions, the ever growing refusal to face pork barrel spending and slash it, gave way to more corruption and waste within gov.
      Not one potus, nor a majority of house and senate has ever done anything to stop the destruction of the american economy.

      Even Reagan shared in responsibility of destruction of the economy and adding billions to the National Debt.
      Eight years of Odrama, caused the doubling of the National debt, which, I might add was over 9 trillion $$.

      GW Bush, ran the National debt up by about 5.8 Trillion, which most of that was caused by the Iraq War, and the presumed cost of freedom, after 9/11.

      Obama had no 9/11, nor did he do anything to help Americans, except, the 1% of wealthy elite.
      His so-called Affordable Care Act, has done noting but cause more expense to 95% of those that participate, and more expense to 99% of those that already had insurance.
      Only, less than 500 thousand folks that participated in the ACA/Obozo care, received any benefits from the law, because…………they had pre-existing illnesses/diseases, that would have not been covered before the law.

      In other words, the ACA, is a scam and con. It is only about more control over people, and to limit their freedom of choice.

      There is only two things in the ACA, that has any benefit, and that is the Pre-existing conditions, and the extension of coverage for children living at home, by extending age limits for cut off, to 26.
      Both of these items could have been done by a law that was written in less than 100 pages.
      Ever wonder what is in all those tens of thousands of pages of “law” in the ACA?

      Hopefully it will not matter, as it will be “repealed” completely, and replaced.

      • asdcasdc asdcaec

        Trump wants to spend billions on reforming immigration, billions more on the military. and wants a 1 trillion infrastructure spending. He also wants to cut taxes by massive amounts.

        Do republicans care that Trump will explode the debt-?

        • JC Teecher

          At this point…”What does it matter?”

          Imagine what the opponent would have done with the debt had she got elected?

          Republicans nor middle class and poor, that are suffering because of liberal job killing legislation from the left, don’t really give a rats a$$ right now about the debt.
          They just want jobs and a fair chance to make a fair and decent living.
          I kinda agree with them.

  • socalbeachdude
  • Midwest Values

    How much more cheap junk do Americans need?

    • JC Teecher

      From all the plastic blow up crap that low IQ people put out in their yards, beginning in October; that they somehow pass off as seasonal “decorations”; I’d say the insanity will continue until they become too poor to purchase them, and pay for the electricity, to maintain the ugly eye sores.

      When did “common sense” become bred out of people, is the more appropriate question?

      • socalbeachdude

        The big issue today is that many people appear to have little comprehension of VALUE when they buy things and they don’t seek things to last but just whatever they can find the cheapest today.

  • GSOB

    I bought me a new bible yesterday.

    Living Faith Bible
    New Living Translation
    ISBN 0-8423-7359-4
    Burgundy Bonded Leather Edition

    God is so good to us.

  • GSOB

    Matthew 6:33 Isaiah 33:6

    • SnodtBlossom

      there is no god

  • socalbeachdude

    How do you figure that?

  • socalbeachdude

    As to unemployment the BLS (Bureau of Labor Statistics) has SIX METRICS FOR UNEMPLOYMENT WHICH THEY ALWAYS REPORT and those are U1, U2, U3, U4, U5, and U6. U6 most comprehensively measures unemployment and hows it presently at 10% and the U6 number was the most widely reported metric up through the Reagan years. These days the White House and the press almost always only report the U3 metric which is about half that at around 5%. You can see the OFFICIAL US GOVERNMENT BLS NUMBERS based on each of those unemployment metrics on a monthly basis at:

    http://www.bls.gov/news.release/empsit.t15.htm

    There are other alternative metrics to calculate unemployment and the most prominent of those is the SGS metric used by ShadowStats which pegs current unemployment at around 23.4% and rising:

    http://www.shadowstats.com/charts/employment

    There is no way to factually determine unemployment and underemployment with complete accuracy, obviously, as all reports are based on SAMPLING SURVEYS and EXTRAPOLATIONS from those surveys.

    Actual unemployment in the US is currently as high as 32% based on more than 95 million people eligible for the work force currently not working and about 8 million additional people not working but actively seeking jobs which is what the U-3 metric measures.

  • SweetDoug




    You don’t get rid of 1,000 employees at your corporate headquarters if everything is just fine.
    ———————————————————————————————————

    True enough, but you do get rid of them if you can automate, use financial automation to reduce the number of employees required, because like it or not, you’ve got to have somebody doing the work, because there’s not THAT much less work to do.

    •∆•
    V-V

  • come an get it!!!

    Won’t need Petco with TSHTF cause pets will be food. Fido and Fe Fe make good hamburger for me me

  • Blank Reg

    What happened to Boeing’s 80-plane order from Iran?

  • Jack Smith

    Millennials are very smart the know the HORSEPOWER OF A COMPANY DEPENDS on them
    America was built on decency and integrity something we no longer have. Simply put owners and CEO’s of companies paid themselves 20 times what the average or lowest worker did. England is the same. Today with an average income of 9.6 million CEO’s are Robber Barrons. Millennials see this. I believe in Freedom but I also believe if America does not fix itself fast America is in trouble. Lots of manager’s directors and workers I talk to have taken 20% to 36% pay cuts. I have not heard of a single CEO pay cut except Jimmy Diamon did not get a huge raise. When you pay a Jimmy Diamon $41 million you are taking money out of everyone in the companies pay. No mater how good the company is workers and Directors are not stupid. Your company operates because of your Engineers your Technicians your sales people and all the Staff. It is time companies woke up and put HORSEPOWER into companies. I am a person who believes in Freedom but I do not approve of theft. Someone yesterday said how would you get the CEO of a huge company to take a pay cut if he had government contracts. It is simple. We the people would put him in jail for a year if he did not! Theft is theft this is stealing from shareholders this is stealing from the employees and the American people if the company has government contracts. Americas’ jails have too many poor who cannot afford a good lawyer. It is time we put the real criminals in jail. The politicians who have allowed Bill Gates to pay 12% taxes while the working man pays 20% to 47% (yes one of my friends pays 47%). It is time we put a stop to selective pay cuts just make it a law. If there is a pay cut in the company everyone in that division has a pay cut. I do not approve of such policing but the American corporations have gotten totally out of control. They have moved overseas they have screwed workers. Enron was run by people who believed in Keynesian Economics I fought it while studying for an MBA Many universities taught this IDIOT. I liked my work. I used to earn before Obama what a VP earned. Do not get me started on the people who I know who purchased their PE or the insanity of PMP qualifications. I believe if you lead by example and treat people well your company will have more Horsepower!

  • James

    That trump optimism is really doing you good

  • autofixer

    Every single one of you are the 1%. Be careful for what you wish for.

  • geoffandmarie418@aol.com

    Look at all these comments on here. People arguing /fighting one another, keep it up. Ever wonder why the elite are in control!!!

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