Saturday, August 20, 2011

Glob of gue

No I don't need a lesson on GDP and Global Markets. I only feel that there is too much emphasis on globals. Global is a great thing for Caterpillar, but not for me! My reach is only about 25 miles, and I see nothing wrong with that.

The black community is totally up in arms over the LOSS OF WEALTH issues in America, and I sure don't blame them for being angry. Understand this is a different issue than UNEMPLOYMENT/UNDER EMPLOYMENT, this is about loosing private enterprise (real small businesses). And the point is, that it's not just minorities, it's EVERYONE EVERYWHERE! Groups like the Walton family have completely dismantled the wholesale market. Can you imagine today owning a restaurant, and not shopping at Costco or Sams Club? Chain fast food all comes from the brand distribution centers, not the local markets, so they really don't help out local economies at all.

Point is that EVERYBODY was told that equity was a waste of capital, leverage and LIVE, leverage and LIVE! And the balloon popped. Business has dried up, as people have pull back, and save, rather than spend and spend and spend on cheap credit. Ratigan is absolutely right when he says "they're coving up the looses, rather than just admitting to them!" Which is done at the cost of the middle class (and that might be a quote of his too, I'm not sure).

Every time the Republicans right now want to reform Entitlements, its means continuing the cover-up at the expense of the middle class. Why? Because they're clueless that you've already been totally screwed out of all your WEALTH (equity in anything)! Your now dragging knuckles to make an extra $200 a month at 70 years old, and because of government ENTITLEMENTS only, you're doing better than any of your kids! They see retirement as romps on the golf coarse, and sailing, and not what it really is for any REAL PEOPLE in America today.

THERE ARE TOO MANY RICH PEOPLE IN CONGRESS TO UNDERSTAND ANYTHING ABOUT YOUR REAL LIFE!


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