More Americans Living With Parents Than With a Romantic Partner For First Time Since 1880

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The impact of America’s putrid and corrupt oligarchy continues to make its destructive presence felt across the land. As we learned earlier this month in the post, Pew Research Study – The American Middle Class Declined in 90% of Metro Areas From 2000-2014:

The Pew Research Center recently released a fascinating study which showed what many of us already suspected, that the U.S. middle class has declined in 90% of metropolitan areas from 2000-2014, or in 203 of 229 areas studied.

It’s what I like to call the Hunger Games economy. You’re thrown into the woods with a diminishing capacity to work hard and earn a middle income, and if you fail to enter the upper echelons you’ll be reduced to poverty. The result is insecurity, stress and ultimately resentment, which before too long bubbles to the surface in all sorts of unwelcome ways. A strong and vibrant middle class has always provided a buffer to truly nasty civil unrest and revolution in these United States. As it goes extinct, the probability of those things rises exponentially.

Yesterday, the Pew Research Center returned to the headlines, with a detailed analysis of another disturbing trend. You know something big is happening when you start breaking records going back to the 19th century.

Pew reports:

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Welcome to the Recovery – Homelessness Amongst Students Doubles Since Before the Recession

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How’s that recovery going for you? That’s what I thought.

Here’s the latest data point from the ongoing oligarch crime spree shamelessly marketed to the masses as an “economic recovery.”

From Five-Thirty-Eight:

The number of homeless students in the country’s classrooms has more than doubled since before the recession, according to recently released federal data. That’s an alarming trend, but a new report offers some hope: At least part of the increase, the authors say, is not because more students have become homeless, but because states have gotten better at identifying homeless students.

Here’s a visual representation of America’s Banana Republic neo-feualism for those of you so inclined:

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Census Data Proves It – There Was No Economic Recovery Unless You Were Already Rich

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This is the perfect post for Fed day, where once again America’s Banana Republic central planning statists were too petrified to raise interest rates. The Fed has now missed the entire economic cycle without raising rates once. All you can do now is sit back, relax and wait for all hell to break loose.

Recently released data from the Census Bureau is nothing short of devastating to anyone who has been pushing the absurd meme of a strong U.S. economy.

There is simply no way one can look at this data and not conclude that the last seven years has been nothing more than an upward redistribution of wealth crafted by the Federal Reserve. As I’ve said many, many times before, central bankers should be tried for crimes against humanity for what they have done.

From Bloomberg:

U.S. Census Bureau data out Wednesday underscore just how lousy the recovery has been if you aren’t rich.

Looking at eight groups of household income selected by Census, only those whose incomes are already high to begin with have seen improvement since 2006, the last full year of expansion before the recession. Households at the 95th and 90th percentiles had larger earnings through 2014, the latest year for which data are available.

Want to see a chart of how bad this really is? Here you go:

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Jeb Bush’s Deep Love Affair with Lobbyists and Cronyism While Governor of Florida Exposed

 

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In September 2006, with real estate prices in free fall and panic seizing much of the state’s economy, Bush and state officials were debating the merits of a proposed $50 million purchase of forest and wetlands near Orlando, Florida, to protect it from possible future development. The land under consideration was called “Joshua Creek.” It was owned by a developer called Land South Hunters, which was itself an affiliate of Land South Holdings, a company that enjoyed the labors of a well-connected lobbyist in Tallahassee — Rancourt of the Southern Strategy Group.

Bush voiced concerns that the state was paying far too much at a time in which Florida real estate values were plummeting. “I get emotional when a guy a year ago bought something for $32 million and wants to sell it to us for $50 [million],” said Bush, according to minutes from the meeting. “The worm has turned on real estate prices. Every article in the paper, every paper is writing about it. And I just do not believe that we should necessarily be the purchaser that always shows up with the big number.”

After hearing from Bush, state officials opted to defer voting on land acquisition for two weeks. Rancourt then emailed Bush after the meeting seeking to get together to discuss the land deal.

“My purpose is not to make the case for any specific agreement but merely to ascertain if additional information would make it worthwhile to continue discussions on this piece of property,” Rancourt said. “I am happy to arrive alone or to have my client from Lakeland with me at the meeting if that would be beneficial. That is your call of course, as well as if you are interested in sitting down at all. I would appreciate the opportunity but will understand if you have made your decision.”

Bush responded later that night. “Thank you David. If we can schedule something, I am happy to meet,” he wrote. Bush said his aide would meet with Rancourt otherwise, and blind-copied two members of his staff on the email. Two weeks later, Bush and top state officials discussed the project again, with Land South Hunters’ owner and lawyer present.

“If we purchase this, you’re going to make a great profit without any development risk,” Bush told the lawyer, according to minutes of the meeting. “We’re buying it from you, and we don’t factor that into our appraisal. I think that’s just wrong.”

Those concerns notwithstanding, Bush and his cabinet voted to approve the terms of the deal. Not for the first time, Southern Strategy Group had appeared to deliver for its client.

– From IBT’s excellent article: As Florida Governor, Jeb Bush Provided Special Access to Lobbyists

The most disturbing part of the Clinton vs. Bush Presidential spectacle being shoved down the throats of the American public, is that you couldn’t find two more discredited, disingenuous, corruptible, self-interested political family dynasties if you tried. Naturally, this is exactly why the only people with political clout in the U.S., billionaire oligarchs and corporate executives, want these two clowns running against each other. Either way, they win.

While I’ve spent a great deal of time covering the cronyism and greed of Hillary Clinton, Jeb Bush is cut from exactly the same cloth. One of the investigative journalists who has uncovered a lot of the dirt on Hillary, David Sirota of International Business Times, is now out with incontrovertible proof of how America would be governed under a third President Bush. How do we know? Well, because we have plenty of evidence of how he handled things for eight years as governor of Florida.

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Post Crisis Scorecard – Global Debt Up $57 Trillion, 60% of American Jobs Created Are Low Level, Record Youth Living with Parents

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This morning, my Twitter stream was filled with some of the most outlandish bullish economic victory laps from pundits I’ve ever seen. The source was the monthly employment report, which showed a larger than expected increase in employment as well as higher wages. In addition, there was a huge upward revision to employment data in November. Interestingly enough, on the same day this report was released, several important articles came across my screen that make me as concerned as ever about the true state of the economy and where we are headed.

First, CNN Money just yesterday published an article titled: Obama Jobs: More Caregivers, Servers and Temps. Here are a few excerpts:

Got a job while Obama was president? Then there’s a good chance you are working in healthcare or food service or as a temp.

Those sectors were responsible more than 60% of the jobs created since Obama took office in January 2009.

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