Sunday, September 30, 2012

Got another promotion today...

First Wally World offers me overnight cashier for a hundred bucks more a week then they offer me back up cashier manager for another raise.

Must be my my good looks and pleasing personality, right? LOL.......

Patti's on short term disability and will get her first Social Security check in March. I really don't want her to go to Florida but she can't handle the cold damp weather here and I can't work and take care of her properly by myself. Which puts me in a tough spot. Lonely if I can't sell out and go to Florida in the next few months.

We plan on driving the van to California after stopping at her sister Maggies in Vegas and then head for  Mary's place in Southern Cal for Turkey day. I guess my son-in-law, Miguel wants to fly out and drive Patti to Florida because our van is equipt with Patti's power chair and ramp and she is practically helpless without it I'll fly home, I guess.

At least her back is better after all that suffering last winter. So, I'll stay in the trailer or back in the mobile this winter and get everything taken care of as money is tight and no one is buying much. I still have a few bills to take care of and can't afford to leave Walmart and lose our insurance until Patti get Medicare in February.

Let alone I have a heart condition and still might beat her to the grave. Of course, if that happens she hits the jackpot in insurance to pay for her hospice care she's doomed to need.

keep you posted. 

Friday, September 28, 2012

Monday, September 24, 2012

Have a buyer for the Mobile....

She comes up tomorrow to look at it. I think I have a sale but we'll see. She already cleared it with my landlord so all she has to do is come up with 5000 down and we are hjomeless again, LOL.

Saturday, September 22, 2012

The numbers don't lie.....

Politicians and government suck holes, yes, numbers no. Until the consumer is made whole the economy is in DEPRESSION!!!

Mish's Global Economic Trend Analysis: ECRI's Lakshman Achuthan Says US in Recession Now; That Makes Three of Us

Ironically, two consecutive horrendous household surveys following months of weak regional Fed manufacturing surveys was enough for me to say on September 7, 2012 Yes, Virginia, It's a Recession. Quick Notes About the Unemployment Rate US Unemployment Rate -.2 to 8.1% This month the number of people employed fell by 119,000. In the last two months, the number of people employed fell by 314,000! In the last year, the civilian population rose by 3,695,000. Yet the labor force only rose by 971,000. This month the Civilian Labor Force fell by 368,000. Last month, those "not" in the labor force increased by 348,000 to 88,340,000, another record high. This month we set another record high with a whopping 581,000 dropping out of the labor force. If you are not in the labor force, you are not counted as unemployed. In the last year, those "not" in the labor force rose by 2,723,000 Over the course of the last year, the number of people employed rose by 2,347,000. Participation Rate fell .02 to 63.5%; There are 8,031,000 workers who are working part-time but want full-time work, a decrease of 215,00. This one the only bright spot in the report. Long-Term unemployment (27 weeks and over) was 5.033 million a decline of 152,000 (likely an artifact of the decline in the labor force). Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%. Over the past several years people have dropped out of the labor force at an astounding, almost unbelievable rate, holding the unemployment rate artificially low. Some of this was due to major revisions last month on account of the 2010 census finally factored in. However, most of it is simply economic weakness. In response to that weakness the Fed responded with P

Friday, September 21, 2012

This would help us all....

Remember that most oil drilling is on PUBLIC LAND and the people supposidly own it. Where's our check???

Alaskans to get $878 each in yearly oil wealth payout - Washington Times

Buy an iPhone 5 or replace the leaky rain gutters? Splurge or save? Ah, the tough choices that befall Alaskans every year when they get their dividend checks from the state’s oil savings account just for living here. State officials said Tuesday that eligible Alaskans will receive $878 this year. That’s significantly less than last year’s dividend of $1,174, which was the smallest since 2006. The payout will be distributed Oct. 4. Like others surveyed in rural parts of the state, Sina Takafua, from the northernmost town of Barrow, plans to use her first-ever AlaskaPermanent Fund dividend to pay bills. That way, she said, she can free up paychecks from her job at the local fur shop and get her Christmas shopping done early. Some of her customers, on the other hand, are going for some warmth — and style. They’re already pre-ordering parkas made of caribou, wolverine and other furs. “They’re waiting for their PFD to pay for them,” said Ms. Takafua, who moved to Alaska from Maui, Hawaii, with her two sons in 2010. Her husband joined the family later, so he’s not yet eligible for a dividend, as they are. New residents must live in Alaska for one c

Thursday, September 20, 2012

Makes my point, doesn't he?.......

The consumer is broke. Too many bad loans he has to pay and pay and can't buy or borrow more. Either we have a debt jubilee or a big check to all consumers instead of bombing little brown people and supporting the leeches in Washington and on Wall Street the mess continues.

Guest Post: If You Want to Help the Poor and the Middle Class, Encourage Deflation | ZeroHedge

What the banks and their neofeudal enforcer the Federal Reserve want is for households to become poorer but more heavily indebted. They don’t want households to be able to afford more goods and services--they want households to have to borrow more money to buy more goods and services because issuing more loans is how banks make huge profits. Politicians love bank profits as much as the banks because they collect tens of millions of dollars in contributions (in more honest terms, bribes) from the banks. Politicians don’t care if 90% of American households get poorer every year thanks to inflation created by the Federal Reserve: the 1/10th of 1% live in a completely separate world than the 99.9%. The banks and their politician partners love inflation because it lines their pockets with tens of billions of dollars in profit. They have worked very hard to convince the 99.9% that inflation is good and deflation is bad, but it’s simply not true. Inflation is a slow, continual theft that robs the hard-working productive members of society and transfers the wealth to the banks and their crony lapdogs, the politicians and lobbyists. Banks and the Federal Reserve hate deflation because people can buy more goods and services without borrowing money to do so. If the Federal Reserve’s nightmare comes true and deflation occurs, something else happens that the banks fear and loathe: marginal borrowers default on all their debts. Rather than being easier to pay, the debts become more difficult to pay as money gains value. Marginal borrowers no longer get the “boost” of inflation, so they increasingly default on their loans. How is it bad for hopelessly over-indebted, overleveraged households to default on all their debt and get a fresh start? Exactly why is that bad? What is the over-indebted household losing other than a lifetime of debt-serfdom, stress and poverty?

Wednesday, September 19, 2012

Someone else who agrees with me...

The rot is deep and no one can do anything about it.

The Next Crisis Will Be Ten Times Bigger « Stop the Lying

If we don’t come to understand the underlying reasons for the current crisis and enact real reform of Wall Street and the banks and get big corporate money out of our elections we face a future that is truly frightening. (Yes, corporate money — total revenues of the 500 largest American corporations are 1,000 times larger than all our unions’ resources combined). There is still time to act, but we must realize that our congress on its own is not going to enact meaningful regulation of Wall Street and the banks, their biggest campaign contributor and lobbying force. Pressure for reform must come from our citizens working together outside of our traditional political parties and governmental representatives. There is no question that big banks working closely with and paying off our elected representatives to remove regulations on the books caused the current crisis and much of the current government operating deficit. It is unfair to ask American workers to stay on the job past 70 years of age to solve this financial problem as they didn’t cause it. Similarly, it makes no sense to ask average American taxpayers to step up and bail out bank creditors at 100 cents on the dollar as it was these creditors who agreed to take this repayment risk and received the rewards over time in increased interest payments from financing these corrupt banks. Americans cannot just ignore this problem and hope it goes away. Luckily, there are things we can do like cutting the defense budget (over a trillion dollars annually once you add in the costs of our intelligence services and the Department of Homeland Security) back to its level of just fifteen years ago which will save close to $700 billion a year. But first we must limit the lobbying power of the defense industry.

Tuesday, September 18, 2012

Pretty obvious what's going on at the Fed...


The banks have millions of bad loans. As I've posted several years ago, until these loans "disappear" from the books the banks are toast. And since they are owned pretty much by the people who own or governemnt they have priority.

What puts the screws to this is that the consumer is still bankrupt and can't borrow. Those of us who can are tapped out and are paying off old loans.  And since our economy revolves around borrowing and few are taking up the slack who needs banks? 

Is this rocket science? 

So what happens? We collectively pay off the debts and resume our middle class lifestyles. We then can borrow. When we borrow we create jobs. Leading to more borrowing. Leading to more job creating.

And that leads to full employment.

Why hasn't it happened? Too many people are bust and can't find a job that will pay the bills and leave enough left over,, called discretionary income, to buy and borrow to create these jobs.

For instance, firing cops, teachers, fireman, or not hiring them in the first place means that my Wamart's sales go down and the store cuts my hours and can't hire new people. What the Hell's wrong with this picture?

But it's the fraud that isn't being addressed. The gang in Washington will continue to bail out the banks because that's where the money is coming from. The same gang for the last 30 years  has got us in this mess and we will stay in this mess until the jails are full of big shots.

In the meantime, our politicians will argue over whether little rich princess' get free birth control, Romney has too many legal tax breaks, Oba mama is a closet Muslim, paying poor people enough to eat this week is bad for morale, the fast food restaurants are fattening our kids because we are to stupid to feed them nutritious food, oil companies are the enemy because they give us all the gas we need, balancing the budget by stealing geezers SS, VA and Medicare so we can keep killing little brown fuckers who can't find Jesus, and so on and so on!

Is QE3 Yet Another Stealth Bank Bailout? « naked capitalism

The Federal Reserve’s experimental effort to spur a recovery by purchasing vast quantities of federal debt has pumped up the stock market, reduced the cost of American exports and allowed companies to borrow money at lower interest rates. But most Americans are not feeling the difference, in part because those benefits have been surprisingly small. The latest estimates from economists, in fact, suggest that the pace of recovery from the global financial crisis has flagged since November, when the Fed started buying $600 billion in Treasury securities to push private dollars into investments that create jobs…. A study published in February found that interest rates decreased, but only for companies with top credit ratings. “Rates that are highly relevant for households and many corporations — mortgage rates and rates on lower-grade corporate bonds — were largely unaffected by the policy,” wrote Arvind Krishnamurthy and Annette Vissing-Jorgensen, both finance professors at Northwestern University

QE3, Deflation and the Money Illusion | ZeroHedge

The first reason for sadness was the idea that people here in New York and elsewhere in the global financial community were actually surprised by the Fed’s move.  The FOMC is fighting deflation.  Credit continues to contract globally as much of the western world goes on a pure cash budget.  So while I would like to see the Fed raise short term rates, the fact is that the central bank has little choice but to support the markets.  But buying RMBS will neither help housing nor reverse the current deflationary spiral on which we all ride.  The second reason to be circumspect is the fact that the Fed’s leaders continue to pretend that driving down yields in the RMBS markets will have any impact on the housing sector or the economy.  The two thirds of the mortgage market that cannot refinance their homes will be unaffected by QE3.  In fact, the latest Fed purchases are a gift to Fannie Mae and Freddie Mac, the TBTF banks and the hedge fund community.  A fund on the floor of our offices in New York actually started dancing around like little children shouting “QE3” after the Bernanke press conference. “The entire move in MBS prices will go into profit margins,” one mortgage market veteran told the Berlin-New York-Los Angeles mortgage study group last week.  “FHFA has made sure that the mortgage market has oligopoly pricing and zero competition for the existing servicers.  QE3 is risk free profits for the unworthy.  And we wasted 40 years and Trillions of dollars fighting the USSR over the need for a free enterprise system?  Mussolini would be proud.”

Monday, September 17, 2012

Paid for a RV parking spot...

Got to watch football, you know. Some kind of religeous thing here in lala land, right? I thought Dallas would be able to stand up to the Seahawks....So much for that.

I really like Pete Carrol and was a big fan of USC when he was there.  Now I remember why.

Patti's hanging in there but she'll be helpless in a few more months. I'm sending here to Florida because she can't handle the cold and Tracy wants to help. Probably around Thanksgiving. Maybe sooner.

I've got everything up for sale but no one has any money let alone a real job. Unless housing begins the boom and soon it will if the nitwits in Congress can quit selling out to Wall Street and give the taxpayers and voters an infusion of cash. If not  we are screwed.

First, though, is getting them to put off cutting the budget until the economy starts to boom. Then you can balance all they want.

Of course,  defense will have plenty as they screw the retirees out of their SS and Medicare.

And the geezers will vote for it so their "grandchildren wont be burdened with the debt". If ever there was a bigger lie that's it!

But propaganda works where ever it's tried. Imagine cutting your own throat so the rich bastards that got us into this mess can eat caviar and send their kids to the Ivy Leagues and our children have to stand in line to get enough food stamps to make it through the day.

But that's what they get for voting for either party and there is nothing we can do but watch. 

And I'll be at Walmart taking their money at 15 bucks an hour 40 hours a week and voting against anyone cutting my Social Security or my brothers VA benefits, Republican or Democrat!

Sunday, September 16, 2012

Why can't they just come out and say it?.....

Send us a big check and we'll cure the economy, stupid!!!!

Richard Koo Explains It's Not The Fed, Stupid; It's The Fiscal Cliff! | ZeroHedge

RICHARD KOO, CHIEF ECONOMIST, NOMURA RESEARCH INSTITUTE: Well, it is beginning to look more like Japan. The amount of house price declines, the commercial real estate price declines there, all following the Japanese pattern very precisely and very slow GDP growth, even with all this monetary easing, QE2, possibly QE3. So yes, to me, the United States is going through the same process of what I call balance sheet recession, that Japan went through 15 years earlier. BOLTON: You mentioned the possibility of QE3. What should Ben Bernanke do today in his speech and then what should he do as a follow-up action? KOO: Well, actually, the Japanese experience told us that when private sector is minimizing debt or deleveraging with very low interest rates, there's very little monetary policy can do. In fact, Chairman Bernanke has been saying, since the middle of last year that this is no time to cut budget deficit. The fiscal stimulus should be in place because I think he also understands that under the circumstances, there's so little that monetary policy can do. But there's a lot the fiscal policy can do to keep the U.S. economy from losing its bottom. BOLTON: Richard, how. KOO: And so I think he should continue to push that line. Yes? BOLTON: Continue to push that line and maybe try to subtly encourage Washington to take a little bit more control. Sounds like you think that Congress should do something. KOO: Yes, because when people are deleveraging even with zero interest rates, that means they are very sick. The private sector is very sick and in need of help because their balance sheets are under water. And then that's t

Saturday, September 15, 2012

The economy is moving here....

But could be better. THe Canadians will be staying home so we could use a little boom. Need Washington to get off their asses and fix the budget. Expect a lot of talk but no real action on "cuts." If they cut they destroy the military or the geezers and of course, we tar and feather them LOL!

So, they talk, talk, talk, promise, threaten and whine. What else is knew? They know we can't vote for any alternative so they vie amoungst themselves for power, fame  and the cushy jobs that comes with the office. And let's not forget they get their whole families on the payroll.

Friday, September 14, 2012

I believe this guy is on to something about oil....

Even with millions of years to collect the oil in the ground it would still take trillions of creatures. Even harder to prove than we evolved from monkeys without  help.

By the way,I have keep telling everyone to watch the price of oil as the Fed is going to give more money to the gang that got us into this depression and they use it to buy oil, gold and food commodities.

Watch the price of gas and you'll see Obama go down in flames if he can't cut a deal with these bastards. But not to worry. Romney will if he doesn't. Even though Oba mama gave them everything all ready he can't get Congress to do anything to save his ass.

So, right now the election is a toss up. Oba mama does have a large lead in the electoral college but that could disappear by November.

Results? Gridlock and the mess continues unless one party gets control of Congress and spends and cuts taxes big time the boom will be off a few more years. Somebody has to take charge and make it right or we invade some more oil producing country.

Or is that the plan?

Oil Secrets/ Creativity - Shows - Coast to Coast AM

In the first half, author Dr. Jerome Corsi discussed how Nazi chemists developed a series of equations during WWII which demonstrated that oil can be formed synthetically. Known as the Fischer-Tropsch equations, they indicated that the mixture of hydrogen and carbon with various catalysts under intense pressure and heat, produced hydrocarbons-- such as what is made in the mantle of the Earth on an ongoing basis, he explained. It doesn't take dead plants or animals, dinosaurs, plankton, algae or former living matter to produce oil, and the Nazis understood this, he continued, adding that some of their scientists were brought over to the US during Operation Paperclip to continue their research after the war. However, d

Tuesday, September 11, 2012

What the Hell....Is this the only working cop we have?...

The guy does his job, gets reelected bigtime, then has to fight off the Feds because they don't want him to enforce the law? 

Only in America, right? Next thing you know Oba mama will simply order the border patrol to stand down. He can, youknow, making the Dems the dominate party for at least a generation.

» Witch Hunt Against Arpaio Finally Ends » Fresh Ink -- GOPUSA

The Justice Department had been investigating Arpaio for abuse-of-power claims, but now they say no charges will be filed: Authorities were investigating Arpaio for his part in failed public corruption cases against officials who were odds with him. The sheriff brought cases against a judge and two county officials in 2009. Federal authorities also said Friday that they have decided to not prosecute matters tied to alleged misuse of county credit cards by sheriff's officials, alleged misspending of jail-enhancement funds and other matters. "They did their investigation, they didn't find enough probable cause and they didn't bring an indictment," Arpaio said at a hastily called news conference after returning from the Republican National Convention in Florida. "We don't go around framing anybody. My people are not crooks."

Monday, September 10, 2012

OK, I'm psychic.....

A while ago I posted that sucking sound of our jobs leaving and here's the rest of the story. Even the Dems have sold us out!

NAFTA Renegotiation Must Wait, Obama Says -

OTTAWA, Feb. 19 -- President Obama warned on Thursday against a "strong impulse" toward protectionism while the world suffers a global economic recession and said his election-year promise to renegotiate the North American Free Trade Agreement on behalf of unions and environmentalists will have to wait.

Sunday, September 09, 2012

If your candidate needs a felon to win you in deep do do....

Amazing that Oba mama makes Clinton look presidential. The guy couldn't, and still can't, stop lying.

However, I'm financially doing a little better than 4 years ago and I know that none of the clowns running for office are responsible nor can they change my situation much.

I'm the one who saves and borrows and goes to work everyday and would simply find another job or another weekend business to make ends meet. Been there done that!

Any idiot that thinks some politician is their saviour is beyond hope anyways.

As far as the economy goes, sending middle class jobs abroad and expecting everyone to be hunky dory about it is nuts. You just have to adjust and clean up your act because there is no solution for you other than every man for himself.

I have people telling me they couldn't save 5 bucks a week for their Christmas but can drink and smoke with abandon. Of course, it's their business, but the government didn't by my drinks or smokes so I had to work 45 years to get the little I have.

Is this rocket science?

Maybe we need a good housecleaning in Washington and on Wall Street to settle this question, hmm? Offer everybody some kind of job and feed their kids at school or take them away if they wont work. (Walmart is hiring, Mickey D's is hiring, all the department stores are hiring for Christmas, etc etc.)

But voting for the gang we got now and expecting them to save our economy is really nuts. Remember, every boom has a bust and every bust has led to a boom!

The Real Importance of Bill Clinton’s Wonderfully Long Speech | NationofChange

Therein lies the importance of what Bill Clinton accomplished tonight. But, just as importantly, it wasn’t a wonky talk. He packaged the facts in a way people could hear. This is the highest calling of a public educator.The question is not how many undecided voters saw the speech (I doubt many did) but whether it galvanizes Democrats — giving them the clarity of conviction and argument they need over the next nine weeks to explain why Obama must be re-elected, and why a Romney-Ryan administration would be a disaster for this country.

Thursday, September 06, 2012

Makes my point....

Not a nickles difference between the parties. Just a bunch of rich guys divvying up the loot in Washington and making life a bitch for us. What will happen next year? BOOM! Why? Either that or we sink into oblivion as our economy completely tanks because the consumer is bankrupt.

Solution will be making the consumer whole. Big tax cuts and lot of free money. (No one will mention budget deficits)

And yes, Oba mama is in deep shit right now because the gang that owns us are putting their money on magic underwear, LOL.

The Fake Election: 10 Arguments The Republicans Aren’t Making « naked capitalism

Even authoritarian systems require legitimacy to retain the support of the governed, and the new authoritarian America is no exception. Since 2004, the brilliant public journalism advocate Jay Rosen has been asking, what is the point of a political convention? No news is made, yet over 15,000 journalists show up, ostensibly to cover the pomp. But everyone knows that coverage isn’t so much the point; these conventions trade shows for the political class, where party insiders, journalists, politicians, celebrities, corporate types, and lobbyists mingle to organize political hierarchies. The public is simply irrelevant, a mass of jeering and cheering message imbibers or apathetic and cynical former citizens, people who are unseen behind their TV screens. The only fresh elements are protesters, and they are met by a police state, lest they disrupt the insider deal-making. In fact, elections, over the past few years, have become mechanisms for sustaining the legitimacy of this political class, not contests designed to be won by either side. Neither side would ever admit to not trying to win, at least publicly. Privately, political consultants will count their winnings happily after each election, regardless of the outcome. So the way to see the lack of competitiveness now is to examine the moves that both parties are not making. The Republicans have a clear strategy to win, which they are not using. Obama is liked but unpopular, seen as a pseudo-honest lightweight who can’t govern, even as the GOP are considered more competent but downright evil. In politics, you have to get more votes than the other guy; you don’t have to prove you’re an angel. You can even change the voting universe, rather than persuading people of your merits. And indeed, a small but significant minority of Obama voters don’t really want to vote for Obama, they are unenthusiastic but feel they have to pick the lesser evil.  They can be pushed into apathy....

These arguments, if put into widespread play, could keep voters at home, or even shift some groups away from Obama.  And because of outside SuperPACs, none of these arguments have to be made by Romney himself, there are a host of groups that could make them. Though you might think it would be appallingly hypocritical if the Republicans made these arguments, when has that ever stopped them before? It isn’t honesty and integrity preventing the GOP from going there. Or if it is, then one would have to concede that the Republicans are running a principled campaign, on plutocracy. More likely, the answer is that winning the race isn’t as important as ensuring that the political class is protected from democracy.


One definition of Fascism.....

They own us. So sit back and shut up and we will send you a check!

EDITORIAL: You belong to Barack - Washington Times

The Obama campaign has disavowed a Democratic National Convention video that said, “Government is the only thing we all belong to.” It’s odd President Obama would try to distance himself from that idea since in his heart he knows it’s right. Of course, in our guts, we know it’s nuts. The video, entitled “Welcome to Charlotte,” aired Tuesday. It was produced by the convention host committee, not the Obama campaign or Democratic National Committee, though presumably representatives from both organizations vetted and approved it before it ran. The clip sent exactly the wrong message at the wrong time for the Democrats because it echoes “you didn’t build that” and the general belief that government, not individual initiative, is America’s motive force. There are two ways to read the sentence. One is that a citizen’s relationship to government is like belonging to a great big club. Of course, this club will send you to jail for nonpayment of dues. The other, more chilling way to read it is that people are creatures of government. That the government, by right, can exercise almost unlimited control over peoples’ lives. That the proper relationship between the state and the individual is that between master and servant.

Tuesday, September 04, 2012

Patti's disability approved...

She gets about $720 a month until Social Security gets here in February. That will be a whopping $774. Of course, the gang in Washington can't wait to steal it back so they can balance something they invented called the budget. (Where else they going to get the money?) Oh yeah Social Security and VA benefits, and let's not forget, all those teachers we can fire. And we can do away with cancer, aids, ALS,MS research, right?

How about stealing kids breakfasts at the schools while we are at it? The little bastards could afford to lose a little weight. Oh yeah, why not pull our troops away from the oil fields so even our illustrious leaders kids would have to park the limos?

Or just stop giving government transportation to Pelosy?

Woops, my bad!!!

You ever notice these assholes never admit that we were right, Ross Perot, Pat Buchanan and their supporters, about the great sucking sound of our middle class jobs been "out sourced". Do you think China made that economy boom by Commie fiat?

Did they make you forget with their budget deficit and National Debt Clocks bull shit? Ever wonder what an extra couple of trillion in revenue every year from these lost jobs and a few million non aborted taxpayers could have accomplished?

Fooled you, did they?

Monday, September 03, 2012


Best bonus on sales since 2008. I always pay attention to gas prices and Walmart sales for real info on the economy. We will boom in a another 6 months or so. Barring a real big surge in gas prices. The bump in prices this summer are simply the oil companies ripping us off because the oil gang knows we have the money now as reflected in improving sales.

Besides, Oba mama increased the use of gasahol and someone has to pay for the loss of gas sales, right? It's the little things, like that and making war on the Middle East that causes most of this but we have to work and so we need our gas, no matter the price.

Are gas prices exploding justified in a depression? Ask MacCain. That time the Republicans got blasted and the Dems took complete power in Washington and proceeded to piss everybody off because they're not too bright.

Even a Walmart stocking clerk knows that not putting everyone on Medicare and fixing the system when they had complete control and voter support was STUPID! 

Saturday, September 01, 2012

Who knew.......

I tried. I voted for Pat Buchanan and we were right. Not that it matters because the people who own our government got what they wanted....SERFS!!! 

Mean And Stupid Politics As Usual - Decline of the Empire

Throw in gutting the payroll tax to fund Social Security and cutting funding to Medicare and we will finally win the war on poverty....we simply kill off the poor. Of course, as usual when cutting programs for the poor (cutting government employment makes more poor let's not forget) you devastate most retailers bottom line and throw poor people out of work.
Except for the Chinese and Mexicans who have all those poor people's jobs supplying the rest of us because the morons in Washington and Wall Street believe that the average high school grad in this country will become rocket scientists and wont need those middle class wages. 

The poor will always be with us because it's good politics. You voted for it or your parents did as old Ross Perot and Pat Buchanan prophesied.