EVERYTHING YOU HAVE BEEN TOLD ABOUT FAMILY ECONOMICS IS PROPAGANDA

On this blog in the past few years I’ve complained about the Powers That Be blaming us consumers for the hole we are in, and I have said they needed to point that finger standing in front of a mirror to see the culprit.  In this presentation by Elizabeth Warren at Berkley the 7th of December she presents hard numbers of exactly what has happened to her average American family since 1970.  This is a one hour presentation and I’ll guarantee it will be the best hour you have ever invested to enlighten your understanding of what has happened to us.  Warren’s typical family is a family of 4, two parents, two children.  She walks you through the changes that have happened  in the almost 40 year time frame she has looked at.  WATCH THIS, YOU MUST!!!

To see the graphs better here’s a post by Budget 360

Budget 360 lays out survival on$ 46, 000 income

Budget 360 lays out living on $100,000 in California

While you may find some holes and disagree with some in these budgets they do give you a basis for comparison to your plight and prove to you it’s not your math that’s bad it’s your income.

Warren closes with the startling fact that in 1970 her typical family spent 55% of its income on fixed payments, houses , cars, insurance, etc,  vs today for the same items 74% of income goes to that category and that’s with two people in the workforce, should a parent, a child, a relative get sick requiring care by a wage owner  they are going to lose their home, car and probably their insurance as well. Or if    one should lose their job, the family is bankrupt.

So after all this if you have done your homework you now understand what has caused this mess and aren’t you glad it ain’t our fault.  One thing to keep in mind these are middle class people she is talking about, she also closes by reminding you in the Middle Class is hurting, what about the Poor Class???

ARE AMERICANS BROKEN?  Bruce  Levine a clinical psychologist says we are suffering from “ABUSE SYNDROME”  take the time to read this article , I hope you will get as angry as I did reading it.  I believe he is totally wrong and know the “MUSHROOM SYNDROME ”  if it bit him on the ass.  We are suffering from having been fed 30 years of Free Market bullshit and they have kept the lights out by using our MSM with all their talking heads spreading the crap about the  How wonderful Free Market System will make us all rich.

Ross Perot knew and told us, we chose to think he was a nutjob.  How do you fell now???

Matt Taibbi and I want Elizabeth Warren for President, hell I might appoint her dictator, it might be the only way to save us.

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Explore posts in the same categories: CHECKBOOK ECONOMICS, INTO THE FUTURE, IT AIN'T OUR FAULT, IT AIN'T STUPID IT'S CRIMINAL, JUST PLAIN BULLSHIT, NEWS SOURCES

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