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1: Wage Stagnation: Why America’s Workers Need Faster Wage Growth—And What We Can Do About It, Elise Gould, EPI Economic Policy Institute:

“The hourly compensation of a typical worker grew in tandem with productivity from 1948-1973. …. After 1973, productivity grew strongly, especially after 1995, while the typical worker’s compensation was relatively stagnant. This divergence of pay and productivity has meant that many workers were not benefitting from productivity growth—the economy could afford higher pay but it was not providing it. Between 1979 and 2013, productivity grew 64.9 percent, while hourly compensation of production and nonsupervisory workers, who comprise over 80 percent of the private-sector workforce, grew just 8.0 percent. Productivity thus grew eight times faster than typical worker compensation…” (EPI)

unnamed (Note: Flatlining wages are the Number 1 reason that the majority of Americans still think we’re in a recession.) 2: Most people still haven’t recouped what they lost in the crash: Typical Household Wealth Has Plunged 36% Since 2003, Zero Hedge Zero Hedge:

“According to a new study by the Russell Sage Foundation, the inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36% decline… Welcome to America’s Lost Decade. Simply put, the NY Times notes, it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too. The reasons for these declines are complex and controversial, but one point seems clear: When only a few people are winning and more than half the population is losing, surely something is amiss. (chart)”

unnamed-1 3: Most working people are still living hand-to-mouth: 76% of Americans are living paycheck-to-paycheck, CNN Money CNN:

“Roughly three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday. Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all… Last week, online lender CashNetUSA said 22% of the 1,000 people it recently surveyed had less than $100 in savings to cover an emergency, while 46% had less than $800. After paying debts and taking care of housing, car and child care-related expenses, the respondents said there just isn’t enough money left over for saving more.”

4: Millennials are Drowning in Red Ink: Biggest economic threat? Student loan debt, USA Today USA Today:

“Total student loan debt has grown more than 150% since 2005… We have more than $1.2 trillion of student loan debt… And while 6.7 million borrowers in repayment mode are delinquent, the sad fact is that many lenders aren’t exactly incentivized to work with borrowers. Unlike all other forms of debt, student loans can’t be discharged in bankruptcy. Moreover, lenders can garnish wages and even Social Security benefits to get repaid… In 2005 student loans accounted for less than 13% of the total debt load for adults age 20-29. Today, student loans account for nearly 37% of that group’s outstanding debt. Student loan debt’s slice of the total debt pie for the age group nearly tripled! The average loan balance for that age group is now more than $25,500, up from $15,900 in 2005.”

5: Downward mobility is the new reality: Middle-Class Death Watch: As Poverty Spreads, 28 Percent of Americans Fall Out of Middle Class, Truthout Truthout:

“The promise of the American dream has given many hope that they themselves could one day rise up the economic ladder. But according to a study released those already in financially-stable circumstances should fear falling down a few rungs too. The study… found that nearly a third of Americans who were part of the middle class as teenagers in the 1970s have fallen out of it as adults… its findings suggest the relative ease with which people in the U.S. can end up in low-income, low-opportunity lifestyles — even if they started out with a number of advantages. Though the American middle class has been repeatedly invoked as a key factor in any economic turnaround, numerous reports have suggested that the middle class enjoys less existential security than it did a generation ago, thanks to stagnating incomes and the decline of the industrial sector.”

6: P eople are more vulnerable than ever: “More Than Half Of All Americans Can’t Come Up With $400 In Emergency Cash… Unless They Borrow“, Personal Liberty

“According to a Federal Reserve report on American households’ “economic well-being” in 2013, fewer than half of all Americans said they’d be able to come up with four Benjamins on short notice to deal with an unexpected expense… Under a section titled “Savings,” the report notes that “[s]avings are depleted for many households after the recession,” and lists the following findings: *Among those who had savings prior to 2008, 57 percent reported using up some or all of their savings in the Great Recession and its aftermath. *39 percent of respondents reported having a rainy day fund adequate to cover three months of expenses. *Only 48 percent of respondents said that they would completely cover a hypothetical emergency expense costing $400 without selling something or borrowing money.

7: Working people are getting poorer: The Typical Household, Now Worth a Third, New York Times NYT:

“The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially….“The housing bubble basically hid a trend of declining financial wealth at the median that began in 2001,” said Fabian T. Pfeffer, the University of Michigan professor who is lead author of the Russell Sage Foundation study. The reasons for these declines are complex and controversial, but one point seems clear: When only a few people are winning and more than half the population is losing, surely something is amiss.”

8: Most people can’t even afford to get their teeth fixed: 7 things the middle class can’t afford anymore, USA Today USA Today:

“A vacation is an extra expense that many middle-earners cannot afford without sacrificing something else. A Statista survey found that this year 54% of people gave up purchasing big ticket items like TVs or electronics so they can go on a vacation. Others made sacrifices like reducing or eliminating their trips to the movies (47%), reducing or eliminating trips out to restaurants (43%), or avoiding purchasing small ticket items like new clothing (43%). 2–New vehicles… 3–To pay off debt… 4–Emergency savings… 5–Retirement savings… 6–Medical care… 7–Dental work… According to the U.S. Department of Health and Human Services, “the U.S. spends about $64 billion each year on oral health care — just 4% is paid by Government programs.” About 108 million people in the U.S. have no dental coverage and even those who are covered may have trouble getting the care they need, the department reports.”

9: The good, high-paying jobs have vanished: Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones, New York Times NYT:

“The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants. In essence, the poor economy has replaced good jobs with bad ones. That is the conclusion of a new report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery. “Fast food is driving the bulk of the job growth at the low end — the job gains there are absolutely phenomenal,” said Michael Evangelist, the report’s author. “If this is the reality — if these jobs are here to stay and are going to be making up a considerable part of the economy — the question is, how do we make them better?”

10: More workers are throwing in the towel: Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force, Zero Hedge Zero Hedge:

“For those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% – the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million! Bottom line: Unemployment has gone down because more people aren’t working and have fallen off the radar.”

unnamed 11: Nearly twice as many people still rely on Food Stamps than before the recession: Food-stamp use is falling from its peak, Marketwatch Marketwatch:

“Food-stamp use is finally moving away from the peak. At 46.1 million people, total food-stamp usage is down about 4% from its high in December 2012 of 47.8 million. Only eight states in March (the latest data available) were up from the same month of 2013. It’s still not great news, however, considering there were 26.3 million people receiving food stamps in 2007…”

12: The ocean of red ink continues to grow: American Household Credit Card Debt Statistics: 2014, Nerd Wallet Finance Nerd Wallet Finance:

U.S. household consumer debt profile: *Average credit card debt: $15,607 *Average mortgage debt: $153,500 *Average student loan debt: $32,656 In total, American consumers owe: *$11.63 trillion in debt *An increase of 3.8% from last year *$880.5 billion in credit card debt *$8.07 trillion in mortgages *$1,120.3 billion in student loans *An increase of 11.5% from last year

13: No Recovery for working people: The collapse of household income in the US, World Socialist Web Site WSWS:

“The US Federal Reserve’s latest Survey of Consumer Finances, released last Thursday, documents a devastating decline in economic conditions for a large majority of the population during the so-called economic recovery. The report reveals that between 2007 and 2013, the income of a typical US household fell 12 percent. The median American household now earns $6,400 less per year than it did in 2007.

unnamed-1 Source: Federal Reserve Survey of Consumer Finances

Much of the decline occurred during the “recovery” presided over by the Obama administration. In the three years between 2010 and 2013, the annual income of a typical household fell by an additional 5 percent. The report also shows that wealth has become even more concentrated in the topmost economic layers. The wealth share of the top 3 percent climbed from 44.8 percent in 1989 to 54.4 percent in 2013. The share of wealth held by the bottom 90 percent fell from 33.2 percent in 1989 to 24.7 percent in 2013.”

14: Most people will work until they die: The Greatest Retirement Crisis In American History, Forbes Forbes:

“We are on the precipice of the greatest retirement crisis in the history of the world. In the decades to come, we will witness millions of elderly Americans, the Baby Boomers and others, slipping into poverty. Too frail to work, too poor to retire will become the “new normal” for many elderly Americans. That dire prediction… is already coming true. Our national demographics, coupled with indisputable glaringly insufficient retirement savings and human physiology, suggest that a catastrophic outcome for at least a significant percentage of our elderly population is inevitable. With the average 401(k) balance for 65 year olds estimated at $25,000 by independent experts …the decades many elders will spend in forced or elected “retirement” will be grim… The signs of the coming retirement crisis are all around you. Who’s bagging your groceries: a young high school kid or an older “retiree” who had to go back to work to supplement his income or qualify for health insurance?”

15: Americans are more pessimistic about the future, Polling Report According to a CNN/ORC Poll May 29-June 1, 2014:

“Do you agree or disagree? The American dream has become impossible for most people to achieve.” Agree: 59% Disagree: 40% Unsure: 1%

According to a NBC News/Wall Street Journal Poll conducted by the polling organizations of Peter Hart (D) and Bill McInturff (R). April 23-27, 2014:

“Do you agree or disagree with the following statement? Because of the widening gap between the incomes of the wealthy and everyone else, America is no longer a country where everyone, regardless of their background, has an opportunity to get ahead and move up to a better standard of living.”Agree: 54% Disagree: 43% Mixed: 2% Unsure: 1% Also, according to a CBS News Poll. Jan. 17-21, 2014. N=1,018 adults nationwide. “Looking to the future, do you think most children in this country will grow up to be better off or worse off than their parents?”Better off: 34% Worse off: 63% Same: 2% Unsure: 1% The majority of people in the United States, no longer believe in the American dream, or that America is the land of opportunity, or that their children will have a better standard of living than their own. They’ve grown more pessimistic because they haven’t seen the changes they were hoping for, and because their lives are just as hard as they were right after the crash. In fact, according to a 2014 Public Religion Research Institute poll– 72 percent of those surveyed said they think “the economy is still in recession.”

Judging by the info in the 15 links above, they’re probably right. MIKE WHITNEY lives in Washington state. He is a contributor to Hopeless: Barack Obama and the Politics of Illusion (AK Press). Hopeless is also available in a Kindle edition. He can be reached at [email protected].

(Republished from Counterpunch by permission of author or representative)
 
• Category: Economics • Tags: Unemployment 
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  1. Not a single mention in this Lefty word-salad about immigration.

  2. Vendetta says:

    Fuck ’em both – the illegals and the billionaires. That’s what I say.

    Not going to have middle and working class prosperity again until both have been put back in their place.

  3. dan says:
    @The Anti-Gnostic

    Well, there’s not a mention of war or foreign bases either.

    (Or of official understatement of inflation or manipulation of the gold market.)

    I think the intent of the article is just to document how even numbers from the establishment media show that we are in a bad way economically, whatever the cause or causes may be.

    And that already is an important contribution: the establishment media is always full of stories about how the economy is getting better or the unemployment rate is getting lower or other misleading statements or incomplete statistics.

    • Replies: @The Anti-Gnostic
  4. Ivy [AKA "Proud American"] says:

    The graphs show that the return to labor dropped dramatically.

    People began voting with their feet when they saw that the game was rigged, and that people higher up the ladder just did not care about them.

    For all the self-serving happy talk in the business press, there is not a recognition of the basic fact that people are getting screwed.

    Immigration to drive down wages (but dressed up as We can’t find Americans to do that work at that wage), NAFTA (remember that giant sucking sound – whatever else you feel about Ross Perot, he was spot-on about that), WalMart and Monsanto (don’t eat GMOs if you and your family want to be healthy) are some of the horrible issues that represent the cynical, greedy transformation of American life.

    The prospect of another Clinton or Bush presidency is beyond depressing.

    • Replies: @Epaminondas
    , @Realist
  5. @The Anti-Gnostic

    Just like I mentioned in a previous post,

    Great Depression, Great Recession, Weimer Hyperinflation, Currency Devaluation in Roman antiquity, Thirty Years’ War… the darkie is cause of them ALL.

    • Replies: @The Anti-Gnostic
  6. War for Blair Mountain [AKA "Bill Blizzard and his Men"] says:

    The passage of the 1965 Immigration Reform Act set into motion the creation of a wage slave economy and a massive racial transformation of the US…these two processes are inseparable.

    It is not just the number of nonwhite legal immigrants ….it is the number of nonwhite legal immigrants +the geneline of the nonwhite legal immigrants born on US soil that has to be taken into account to get a sense of the scale of number of nonwhite scab workers in US labor markets

    It is a monumental theft of Native Born White American wealth…being transferred to the White Liberal Greedy Cheating Class(nice second home on Marthas’ Vineyard Noam Chomsky).

    Behind every great fortune is a great crime!

  7. @dan

    I would get rid of those too, and Europe and South Korea and the Arab emirates can stand on their own feet. Then you’d be gnashing your teeth about “isolationists.”

  8. @The Anti-Gnostic

    Bingo! And that’s where most of the new jobs are going…to illegals.

  9. @Ivy

    “The prospect of another Clinton or Bush presidency is beyond depressing.”

    Suicidal, I’d say.

  10. Don’t kid yourself. What drives immigration too are the Wall Street mandated policies that worsen the economic plight of foreigners in their own countries. Wealth is siphoned there, then as they flee to the U.S. looking desperately for some sort of economic survival, then it’s siphoned away from Americans here as well. Wall Street wants illegals to stay, but it wants them without rights so that everyone’s wages can be reduced.

  11. Realist says:
    @Ivy

    “For all the self-serving happy talk in the business press, there is not a recognition of the basic fact that people are getting screwed.”
    This is spot on. The country is in deep crap.

  12. Good stuff, but you didn’t address the biggest con: household income. What does that mean? Aren’t we concerned about worker income? That has slowly declined. As families become poorer, they must economize with housing, with a growing number of young adults living with their parents. More adult siblings are living together and more people taking on roommates.

    So when the government surveyor works, he encounters a small home filled with ten people, five making minimum wage, so their “household” income is $60,000 a year! If your brother loses his job and moves in to sleep in your basement, his “household” income isn’t measured. If he gets a job at Kmart making $10 a hour, your “household” income jumps by $20,000! Congrats on your new prosperity!

    The effect of legalizing 10-2o million foreigners will push wages much lower. Employers will have stacks of applications from desperate foreigners willing to work any job to help out their “household” of twelve. Moreover, what will the world think of a second amnesty? Expect another 50 million to flood across the border the next decade for their chance, with most claiming they have been in the USA for years. They don’t give a damn about a “pathway to citizenship” all they need is a social security card to work or sign up for welfare benefits.

    We’ll have ships full of desperate impoverished Africans, Indians, and Burmese pull up to American piers and families flood out, all refugees of course. Corporate front men like Jon Stewart and John McCain will shame those who think they should be deported, yet they will not open any of their many luxury homes to house these invaders.

  13. War for Blair Mountain [AKA "Bill Blizzard and his Men"] says:
    @Fran Macadam

    I really don’t give a hoot about counterpunch leftists nonwhite legal immigrant sob stories. All I care about is what is good for The Historical Native Born White American Working Class which you clearly want to 1) inflict extreme economic violence on and 2) inflict demographic violence on. And there is absolutely no reason why The Historic Native Born White American Working Class should accept 1) and 2).

    I can’t find words to describe how much I despise White Leftist…they are in bed with the White Liberal Mega CEO Greedy Cheating Class…think parasite Jack Welch.

  14. War for Blair Mountain [AKA "Bill Blizzard and his Men"] says:
    @Epaminondas

    And to nonwhite legal immigrant scab workers and to their US born nonwhite geneline scab workers.

  15. rod1963 says:
    @The Anti-Gnostic

    Immigration both legal and illegal play a important role in the decline of wages and employment.

    On the legal side we have H1-B, L-1, and a host of other programs to import foreign workers into the U.S. This has devastated manufacturing and the high tech job sectors.

    Illegals OTOH target the service and manufacturing sectors. They take the jobs and keep wages at rock bottom.

    Then there is off-shoring, the big systematic efforts of NAFTA, PNTR with China really devastated our manufacturing base – to the tune of 8-10 million well paying jobs.

    This created a double-whammy employment wise and both sides are to blame. The Left supports these programs because it hurts whites and brings in foreigners. This is why the Left no longer brings up free trade or in-sourcing foreign workers. The GOP supports it because business wants these programs in place to maximize profits. They don’t care that it’s killing the country.

    Ironically this is the one issue both the Left and the Corporate Right can agree on. Of course it has to be the one that drives a stake through the heart of white America.

  16. Sean says:
    @Fran Macadam

    What reduces the wages of immigrants is not keeping them out a union, it’s more immigrants. Immigrants are the biggest losers from further immigration.

  17. War for Blair Mountain [AKA "Bill Blizzard and his Men"] says:
    @Sean

    It is obviously true that nonwhite legal immigrants destroyed a highly paid Native Born White American Meat Packer Union in Arkansas…Oklahoma…and Missouri. But this is quite alright because what is important to Z Magazine…Counterpunch…Noam Chomsky…and Alan Greenspan, is to have a hyper-exponential growing highly racialized nonwhite majority Democratic Party Voting Block that will be voting enthusiastically on Nov 6 2015 to rapidly reduce The Historic Native Born White American Majority to a racial minority in post-white America….oh, I forgot to mention the complete destruction of the Native Born White American well paid Dry Wall Workers Union in California during the early 1990s….by mexican immigrant scab workers(covered in the Nov 1994 issue of Rolling Stone Magazine).

    By the way, a very severe labor scarcity must never never be used as an excuse to race-replace The Historic Native Born White American Majority.

  18. Some of this sounds like cry me a river. We have to come to terms that in America’s post-2008 hyper-meritocracy a lot of people will be left behind, and there’s nothing we can or should do about it . Stocks will keep going up with no end in sight even as millions of people fall between the cracks.

  19. SFG says:
    @The Anti-Gnostic

    They’re all pieces of the puzzle. You have to read this guy to know how you’re getting screwed from the right, and Steve and Co. to know how you’re getting screwed from the left.

    • Replies: @KA
  20. Vendetta says:

    Please continue to say Historic Native Born White American Working Class Majority. It is an artful use of language and there’s nothing I like more than multiply-hyphenated, acronymed buzzword descriptions of ethnic groups.

    Might I suggest adding some other descriptor in there? Christian too, right? And traditional. Then we can be CTHNBWAs.

  21. KA [AKA "sert"] says:

    It is pure simple naivete to claim that as the foreigners moved north US economy moved south.

    The foreigners did not destroy the education,community,the culture,and the economy.
    They were used to lower wages for jobs at McDonald, Walmart, construction sites ,and local grocery stores in China Town or local little Indian villages at NY or SF or Houston.
    But the jobs we are talking about are the jobs held by the whites as bus drivers,police officers,EMT,Fire Marshall,teachers ,and lecturer at community colleges,and adjunct professors of the renowned universities ,and as unpaid interns in government departments . The farmers have also lost out in this game .These jobs dont pay enough to pay the student loans .
    So why we are blaming the foreigners? It is easy that’s why.
    Recent polling revealed the wide discrepancy between the actual percentage of the foreigners ,of the illegals, of the felonies committed by the foreigners and the perception of those statistics by the white local population across US,UK,Canada and Australia .
    The citizen dont have the guts and cajone to ask the pointed questions to the Republicans or teh Democrats at the debates about the realities of outsourcing ,pf lowering wages,of stealing by the employers ,of thousands way the citizen pay taxes for which they dont get anything in return other than the shibboleth of belonging to the exceptional indispensable nation . Now that very institite that created this inequality wants the Americans believe that the foreigners have destroyed this country and continues to do so.

    So take your racist rants home but don’t blame the foreigners for the empty fridge,domestic violence,single parenthood,and for the school drop out teen with pregnancy compromised by drugs and lack of health care .

  22. War for Blair Mountain [AKA "Bill Blizzard and his Men"] says:
    @KA

    The very big problem with your “argument” is as follows:1) The Historic Native Born White American Working Class has the facts and you don’t…2)The Historic Native Born White American Working Class could give a rats arse what some treasonous White Leftists believes to be true about US labor markets…..there is no debate:you are being read the riot act!!!!!

  23. Neutral says:
    @KA

    I am guessing you being a liberal will never change your views on race and immigration. So let me ask you a question about population numbers, if America gets a population of a billion people (and there are realistic projections they will), do seriously believe that all the corruption that you bemoan will just go away if only your liberal policies will stop the economy from moving south. With that many people and the added diversity how on earth do you seriously expect people to care for their fellow citizens ? The average person will care as much about someone in their own country as someone on the other side of the planet.

    Also regarding the words “move south”, I sense a hint of racialism there in fact, why did you not say move east ? If you truly believe that any country with any racial makeup can become wealthy like any other (and that is is exactly what you believe by rejecting race), then eventually all countries will become wealthy and then you don’t have to worry. Of course that is rubbish, even the most ardent Huffington Post/Slate reader knows that some countries will always be wealthier than others, they just don’t have the guts to admit to themselves why though. You want a Norway with the demographics of Venezuela (or worse), you want the high trust America of the 1950s with the demographics and culture of the 2050s, which to be blunt makes you a fool of the highest order.

    • Replies: @KA
  24. War for Blair Mountain [AKA "Bill Blizzard and his Men"] says:

    Having dealt with White Leftists and White Liberal “environmentalists” here is what I can tell:they demand that the Historic Native Born White American Majority stop breeding….as in 0 children. Population growth is only bad when Native Born White Americans have any children at all.

    Flanneled shirt Havad grad Bill Mckibben….on the take from Exxon by the way….demands that the Historic Native Born White American Majority stop breeding….as in 0 children.

    I have always believed that our movement could have completely destroyed the phony White a Leftist “environmentalist” years ago if in public debates we asked them if they would like to see young Native Born White American Families have 7 children… My Irish Catholic Patents had 7…..for every Native Born White American Family.

    The phony White Leftists “environmentalists” hate The Historic Native Born White American Majority. Why would you want to have a mind-numbing policy wonk debate with these haters?…. Haters Hate!!!!… Read ’em the riot act!!!

  25. KA [AKA "sert"] says:
    @Neutral

    and Bill Blizzard and his Men says:
    Hey! You want to argue? Why dont you argue with data? Don’t resurrect the rants of the losers . Their is no liberalism or conservatism in this game of slow death that can revive the 1950s US. 1950 US was given birth by 1899 US . 1950 US gave birth to warrior America .That carried flag pf Christian ,conservative,freedom seeking individualism with duties to spread and duties to protect in case some commie took over the world. Vietnam war destroyed the economy . Effective political alliance with US but economic and cultural independence of Japan destroyed the possibility of US economic growth in the emerging countries of SE Asia ,later the whole world . Trying to contain communism US turned to China who saw the market and then went out to capture and later the world market in 30 yeras giving plenty of time to US citizen to pause and confront the anti communism rhetoric. It did not . The same stupid policy against terrorism by the government ( media,liberal and conservative wings of the government ,academy ,churches – they are all in it together just they were against Korea,Vietnam,Soviet at one time ) and the same silence by the citizen are in replay across US,Canada,and UK. leaf through the pages of the book – SPY TRADE -HOW ISRAEL’S LOBBY UNDERMINES US ECONOMY and read DIVERT by GRANT F SMITH . You will get the idea of the corruption that has destroyed US economy and read the FATAL EMBRACE by B .GINSBERG to see how the deregulation from 1980 has benefited certain ethnic minority through financial engineering and remaking of whatever was left of US economy . We (the liberal and conservative wings and the church,the media ,)worship them . This is not the whole history . Israel is small part of this manufactured crisis. The train left the station during the time when the conservatives were looking for the ways to nuke the Vietnamese.
    Immigration will dilute the gene of white native local and nothing more .

  26. just me says:

    As Sailer says, it’s high and low vs middle.

    We have an elite who hate us. once you understand that, everything else makes sense

    • Replies: @KA
    , @Gordo
  27. KA [AKA "sert"] says:
    @just me

    Fully agree. Unfortunately this is true also in India,Pakistan,Indonesia ,Nigeria,Egypt, Mexico and large parts of western Europe. The elites are connected .They are now cosmopolitan and rootless .They have fully been “Zionized ” or “Judaized” in a limited but very pivotal sense . They can move anywhere.They can influence the economics and finances of any country .
    The results are disastrous and very effective for the elite liberal . Conservatives are fighting but they are fighting the wrong figures ( Christian of ME,Muslim of India,Christians and Ahemdiya of Pakistan, muslim of Mynamaar , and immigrants of US/Europe , and LGBT everywhere )

  28. KA [AKA "sert"] says:
    @SFG

    Thank you. That is what is going on . The liberal and the conservative are the two sides of the same old coin . NYT once exactly alluded to this rather inadvertently .NYT was discussing the plan of one of the Russian oligarch who perished in own hand in UK ?last year or ? year before. He discussed the idea of floating 2 parties or legitimizing only 2 parties in Russia : one with liberal bend and the other with conservative bend , and then control the reins of both from the top positions exclusively enjoyed by the economic-financial class along with the chosen top hierarchy of the 2 parties.

  29. War for Blair Mountain [AKA "Bill Blizzard and his Men"] says:
    @KA

    There is nothing to argue about:I oppose the open and deliberate policy of the majority nonwhite Democratic Party to race-replace The Historic Native Born White American Majority……you support this policy.

    I am no more and no less racialized than the Koreans in Korea and Chinese in China….both of these highly racialized Asian Tribes would never tolerate a similar policy for Korea and China.

    • Replies: @KA
  30. Gordo says:
    @just me

    The middle are White people.

    Fill in the other details yourselves.

  31. KA says:
    @War for Blair Mountain

    Do you think America will be able to institute a policy of ethnic cleansing as are being attempted in Mynamaar, Sri Lanka and some parts of India? The central authority is doing it which is different from what the unruly violent mob in Arab or Central African Republic is doing . But the results on the ” foreign elements” are same. America is no longer culturally and religiously one voice . Religion has been consigned to the waste bin . It is unlikely that it would develop like India or Japan .But no one knows the future . Religion can make a comeback.
    White population can blame the corrupted leaders,un patriotic business practices,loopholes in the laws,illegal entries,lax border ,and disrespects for the constitution for the entries of the non white non Christian elements . Gradually it may be able to take the shape of valid explanation for use by masses . It has happened and happening in Sri Lanka, Mynamar,India,and has happened in Nepal/ Bhutan. The explanations over there popularly accepted by the masses and the religious communities can essentially be boiled own to a few things – illegal people had entered for financial reason,for preaching religion ,for destroying local culture and had hurt the securities of the countries ,they are not original and should go back . Recent anti Hindu activities in Sri Lanka proves that any narrative could be built and foisted on angry poor uneducated masses with the religious and political supports from the ruling classes.

  32. War for Blair Mountain [AKA "Bill Blizzard and his Men"] says:
    @KA

    Well, you asked the really big question:when will the rilly big shew arrive….for surely its’ a comming….notwithstanding all the policy wonk magical thinking that we can round table-policy wonk avoiding of a catastrophic meltdown of the US.

    It is a fact of Human history that societies do collapse. And when it happens in North America… there will be no Kumbaya “Come on everybody now…let’s join together and luv one another right now”… Jessie Collins Young was on acid when he wrote that yippie hippie dippy narcissistic baby boomer sewage.

    And speaking of sewage…..the passage of the 1965 Immigration Reform Act(The 1965 Native Born White American Extermination Act!!!!) has set into motion in 2014 unrelenting unstoppable nonwhite population growth in the US. What if The Historic Native Born White American Majority starts having large White Families again like they did in the past? Let me tell you something:the H20 situation in the US is very bad both in terms of the quality and quantity of H20. Go google Pat Holloran… former southwest Nevada Water Commisioner…she doesn’t pull any punches. Mega droughts in Texas and California…the American South….

    There will not be a policy wonk-PISA scores -peacefull-round table discussion with the enemy.

    Keep this in mind:Unrelenting Demographic Momentum!!! The US population won’t stop magically growing after it hits 500 million… 1 billion….3billion…

    Secession is nothing but child-like-magical-thinking. Secession just means that Chinas’ genetic borders will extend right up to the borders of the mythical White Homelands in the Montonna-Idaho Territory….. and Dixie…When this happens, it will be lights out for the remnant Historic Native Born White American population stranded and defenseless in the Mythical White Homelands in massively overpopulated nonwhite majority cesspool “Amurrica”….the closing of The American Frontier was announced at the 1898 Worlds Fair by American Historian Frederick Jackson Turner.

  33. Anonymous • Disclaimer says: • Website

    The Great Depression resulted in a fall of 40% of the average American families worth, the Great Recession is 36%. Why isn’t Barry as reviled as Hebert Hoover?

  34. josh says:
    @KA

    you’re obviously a jew.why not admit it you piece of garbage?

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