Is the American Dream is over?

Discussion in 'Economics' started by bearice, Apr 11, 2011.

Is the American Dream is over?

  1. Yes

    53 vote(s)
    77.9%
  2. No

    15 vote(s)
    22.1%
  1. #41     Apr 11, 2011
  2. In a desperate attempt to save money, the city of Colorado Springs turned off a third of its streetlights and put up its police helicopters for auctions.
     
    #42     Apr 11, 2011
  3. Would south carolina be ok mister? my mommy told me last week we might finally leave new york cause she says it is to expensive for us to live here and that she can get a job in a hospital in greenville south carolina or somplace like that...she also said the schools there would be better for me and safer ( i'm a special needs student )
    thank u mister

    LIttle Joey
     
    #43     Apr 11, 2011
  4. Wal-Mart CEO: U.S. consumers face "serious" inflation in the months ahead

    U.S. consumers face "serious" inflation in the months ahead for clothing, food and other products, the head of Wal-Mart's U.S. operations warned Wednesday.

    Still, inflation is "going to be serious," Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY's editorial board. "We're seeing cost increases starting to come through at a pretty rapid rate."

    The world's largest retailer is working with suppliers to minimize the effect of cost increases and believes its low-cost business model will position it better than its competitors.

    http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm

    Rising stock markets = Sign of inflation?

    http://www.elitetrader.com/vb/showthread.php?s=&threadid=217766
     
    #44     Apr 11, 2011
  5. Eddiefl

    Eddiefl


    You Sir are an asshat.

    Have a good day.

    EF
     
    #45     Apr 11, 2011
  6. they are behind the 8 ball in their financial lives (and wealthy building) and many haven't even ventured out on their own.
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    This is most of America. Their 401ks and dollar cost averaging pitch by Charles Schwab, Jp Morgan, Raymond James, Morgan Stanley et all typical Stock Brokers, have not accumulated much on the grand scheme of things.

    Inflation is destroying these young "Nest Eggs" and many do not take profits during the peaks nor do they put in more money in during the lows.

    The average investor is not going to have enough to survive in the next 20 to 30 years of their investing as they listen to bafoons and sales idiots on the retail end.

    To top that, most companies are no longer matching 401k contributions.

    Wait till their health insurance hikes kick in and are passed on to the worker.

    The ATM machine or "Nest Egg equity" known as the "HOME" may not be the best bet for the future. However, it may be worth the risk if you can purchase a new home at 1990s value. But how many 30 somethings are going to stay in one spot, in the same house until they retire?
     
    #46     Apr 12, 2011
  7. Well, consider this: in the 1940s, corporations paid 43 percent of all the federal income taxes collected in this country. In the 1950s, they picked up the tab for 39 percent. But by the time the 1990s rolled around, corporations were paying just 18.9 percent of federal income taxes, and they forked over the same figure in the first decade of this century. We – working people – paid the difference.

    http://www.alternet.org/economy/150...a_free_ride_by_lobbying_to_raise_your_taxes_/
     
    #47     Apr 12, 2011
  8. American dream in very much alive in China/India
     
    #48     Apr 12, 2011
  9. I should have written American dream of every house with a garage with a plane parked in the garage. Am I correct now?
     
    #49     Apr 12, 2011
  10. endoftheamericandream.com

    #1 The second most dangerous city in the United States - Camden, New Jersey - is about to lay off about half its police.

    #2 In the city of Camden, about the only "industries" that are truly thriving are drug-dealing and prostitution. It is estimated that there are literally dozens of open-air drug markets in Camden.

    #3 The city of Newark, New Jersey laid off 13 percent of its police force just last week.

    #4 Of 315 municipalities the New Jersey State Policemen's union recently surveyed, more than half indicated that they were planning to lay off police officers.

    #5 At least 1000 people now live in the 200 miles of flood tunnels that exist under the city of Las Vegas.

    #6 All over America, asphalt roads are being ground up and are being replaced with gravel because it is cheaper to maintain. The state of South Dakota has transformed over 100 miles of asphalt road into gravel over the past year, and 38 out of the 83 counties in the state of Michigan have transformed at least some of their asphalt roads into gravel roads.

    #7 The number of Americans on food stamps has hit yet another new all-time record. 42.9 million Americans are now enrolled and federal authorities fully expect that number to continue to skyrocket.

    #8 The city of San Jose, California recently laid off 49 firefighters.

    #9 Over the past year, approximately 100 of New York's state parks and historic sites have had to cut services and reduce hours.

    #10 In 2009 alone, approximately 4 million more Americans joined the ranks of the poor.

    #11 The state of Arizona recently decided to stop paying for many types of organ transplants for people enrolled in its Medicaid program.

    #12 Many of the police in Arizona that patrol communities near the border with Mexico say that they are "outmanned" and "outgunned" and now live in fear of being taken out by drug cartel assassins.

    #13 Gang violence in America is getting totally out of control. According to authorities, there are now over 1 million members of criminal gangs operating inside the country, and those gangs are responsible for up to 80% of the violent crimes committed in the U.S. each year.

    #14 Oakland, California Police Chief Anthony Batts has announced that due to severe budget cuts there are a number of crimes that his department will simply not be able to respond to any longer. The crimes that the Oakland police will no longer be responding to include grand theft, burglary, car wrecks, identity theft and vandalism.

    #15 One out of every six Americans is now enrolled in at least one anti-poverty program run by the federal government.

    #16 The state of Illinois is so far behind on its bills that not even schools and essential social services are getting their money on time.

    #17 The sheriff's department in Ashtabula County, Ohio has been slashed from 112 to 49 deputies, and there is now just one vehicle remaining to patrol all 720 square miles of the county.

    #18 As our local communities degenerate economically, it appears that they are falling apart morally as well. There are approximately 400,00 registered sex offenders in the United States as you read this.

    #19 In a desperate attempt to save cash, the city of Colorado Springs turned off a third of its streetlights and put its police helicopters up for auction.

    #20 According to one recent study, approximately 21 percent of all children in the United States are living below the poverty line in 2010.

    #21 According to the U.S. Department of Transportation, more than 25 percent of America's nearly 600,000 bridges need significant repairs or are burdened with more traffic than they were designed to carry.

    #22 In Georgia, the county of Clayton recently eliminated its entire public bus system in order to save 8 million dollars.

    #23 Things have gotten so bad in Stockton, California that the police union put up a billboard with the following message: "Welcome to the 2nd most dangerous city in California. Stop laying off cops."

    #24 Major cities such as Philadelphia, Baltimore and Sacramento have instituted "rolling brownouts" in which various city fire stations are shut down on a rotating basis. So if you live in one of those cities and you have a fire, you had better hope that your local fire station is not scheduled for a "brownout" that day.

    As I have documented in article after article, the "American Dream" is rapidly becoming the American Nightmare.

    Complete article:

    http://endoftheamericandream.com/ar...ng-post-industrial-post-apocalyptic-wasteland
     
    #50     Apr 12, 2011