« Waging War on Chicago WorkersThe Security Budget vs. the Necessities of Americans »

The Money Party on the Road to Ruin

February 22nd, 2011

Michael Collins

The Money Party is destroying the United States. For ten years, there have been no new jobs with flat income. Unemployment and poverty are making a big comeback. The party consists of those who own and control concentrations of great wealth and the select few who serve them (their Mandarins). Based on the efficiency of the demolition job, you have to wonder, is this is by design? If greed, ignorance, and paranoia constitute a plan, then they are master planners. (Image)

Look at the glaring problems below. Then ask yourself, has there been one single program implemented to address any of these problems, just one? Our elected representatives enable the relentless process of driving down the United States. They bicker and fume at the edge of issues. However, when it comes to neglecting the real needs of citizens and the country, they are as one. All rewards and resources flow to their patrons and owners, the made men and women of The Money Party. We are nothing to them.

There have been no net new jobs since 2000. The minimal growth from 2000 to 2010 disappears when you factor in 10% population growth over the same period.

You would think that somebody in charge would take this seriously. New jobs with decent pay represent the key to many of the other problems we face. Yet nobody bothers to do anything about it or even starts a serious effort to seek solutions.

Income has been flat for 10 years.

How are people supposed to survive, raise their families, pay their medical bills, etc. if income remains flat while inflation eats away at existing resources?

The following maps show the relative increase of unemployment since 2000 based on the official unemployment formula.

Real unemployment figure tops 20%. Employer payroll reports are the basis for the "official" figures. That rate is artificially low since it leaves out the self employed, discouraged workers, long term unemployed, and the underemployed. The government's U6 unemployment rate, 17%, is a more accurate measure. When you add "estimated"long-term discouraged workers, who were defined out of official existence in 1994." total unemployed is at 23% of the workforce.

(Image: Shadow Government Statistics)

Bankruptcies petitions and individuals involved are up nearly by a factor of three since 2006. There are any number of reason so for a bankruptcy but no new jobs, increased prices, and flat incomes have a great deal to do with this trend.

At the end of 2010, 14% of US homes were either in foreclosure or delinquent in payments. People can't make home payments if they are unemployed. Their ability to make payments will vanish as their flat salaries are eaten away over time. But nothing is done.

The poverty rate is up around 40% when you use a measure that factors in out of pocket medical expenses, not considered in the "official" poverty rate.

It only makes sense that people will descend into poverty. What else happens when you lose your job and are unable to find a new one?

Large sections of the country look like a wasteland due to extended neglect and hard times. Michigan's Central Station in Detroit sat unused and abandoned as the city around it decayed. The Economist called California's San Joaquin Valley "the Appalachia of the West" because of record high unemployment that reaches 30% to 40% range in some small towns. Described as the food basket of the world, the valley is collapsing in on itself.

Michigan Central Station, Detroit, abandoned and unused for years Image

In addition to completely failing the people, the party let the nation's infrastructure fall into ruin. The American Society of Civil Engineers graded the status of bridges, roads, etc. The Money Party gets a big fat "D" for their stewardship.

Fixing all this would provide a stimulus of phenomenal proportions. It would produce bonds that were actually worth something in the future. The Money Party can blow things up but building and repairing are beyond their abilities to comprehend.

We are led by fools.

END

This article may be reproduced entirely in in part with attribution of authorship and a link to this article.

themoneyparty.org RSS

No feedback yet

Voices

Voices

  • Tracy Turner The DMCA Weaponized: The Dark Face of Web Censorship discusses how the Digital Millennium Copyright Act (DMCA), originally written to protect intellectual property, has increasingly been weaponized to silence dissent, stifle opposition, and…
  • By Tracy Turner In the shadowy lanes of global intelligence, wars are no longer fought with bullets and bombs but with backdoors and algorithms. Israel's Mossad, with its unmatched skills, has transformed the battlefield into an invisible war zone where…
  • Tracy Turner Netanyahu addresses AIPAC, underscoring Israel's outsized influence on U.S. foreign policy. Critics argue America's 'special relationship' with Israel resembles a tail wagging the dog—where Zionist lobbies dictate Washington's decisions.…
  • Police and Prisons Belong in Museums North America, What to do, Why End War, World By David Swanson, World BEYOND War, March 25, 2025 https://worldbeyondwar.org/police-and-prisons-belong-in-museums/ I want to recommend three new books about abolishing…
  • Robert David DarkBERT & DarkBART: The AI That Hunts Criminals in the Dark Web’s Shadows—Before They Strike. Artificial intelligence (AI) has revolutionized many sectors, ranging from enhancing customer service to maximizing medical diagnoses. Maybe one…
  • by Brian Shilhavy [1] The words of Jesus Christ, as recorded in the last book of the Bible in the prophetic book of Revelation, state: I know your afflictions and your poverty—yet you are rich! I know the slander of those who say they are Jews and are…
  • Cathy Smith Zionist propaganda and proponents of pro-Zionist ideology have intervened in global politics, which is referred to as Crypto-Zionism. Proponents of this movement have employed technology, media, and international alliances to achieve their…
  • By Mark Aurelius Has there ever been a word more super-charged, politicized, and over-bloated with frothing and rabid connotation, in our modernity, than terms as hate, hatred, hate speech or acts of hate? Perhaps there are some, but one’s noggin can be…
  • Cathy Smith With every passing moment of the United States settling into the post honeymoon phase of Donald Trump’s second presidential stint, one thing is becoming exceedingly evident; his guidance has been steering the nation towards the brink of…
  • Paul Craig Roberts interviewed On Target with Larry Sparano In the United States my generation began reading Shakespeare’s plays in high school. In universities you encountered Shakespeare in the core curriculum. When core curriculums were abolished,…
March 2025
Sun Mon Tue Wed Thu Fri Sat
 << <   > >>
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          

  XML Feeds

CMS software
FAIR USE NOTICE: This site contains copyrighted articles and information about environmental, political, human rights, economic, democratic, scientific, and social justice issues, etc. This news and information is displayed without profit for educational purposes, in accordance with, Title 17 U.S.C. Section 107 of the US Copyright Law. Thepeoplesvoice.org is a non-advocacy internet web site, edited by non-affiliated U.S. citizens. editor
ozlu Sozler GereksizGercek Hava Durumu Firma Rehberi Hava Durumu Firma Rehberi E-okul Veli Firma Rehberi