Here is a perfect example of what happens to what was once a world
envied economy after 20 years of Yale alumni and their right hand
flunkies running it. Soon 62.5% of this country will be homeless, 30%
will be communes and the rest will be America's elitists with
tem****ary properties where they can live at while doing domestic
business that will eventually finish off what is left of the American
economy. In the meantime they're living in Panama and other rapidly
growing countries that will tolerate them watching our country
implode.
Folks, take back your country while you still can. DON'T vote for ANY
of the garbage that is currently running. Let your piece-of-****-
government know you will not settle for the unqualified, inept morons
that are running for office and that their jobs are on the chopping
block as well.. If America cannot produce presidential material, then
outsource candidates from Europe. **** the goddamned constitution; it
is pretty much ignored in every regard anyway.
The below article sets a clear example of what this country's future
is if we do what we usually do--nothing. Is there a solution?
Absolutely. And it's an easy one? Yep, as follows.
If you invest or trade ANY kind of equities, investigate the BoD's,
Senior Management's salaries. If they are out of line with the rest
of the world...dump their stocks, short them, write put contracts,
etc... FIRST. If they refuse to address the problem, Boycott their
goods and/or services. If the government even attempts to intervene,
PROMISE them a good spraying down with M60s, UZIs, MAC 10s, etc...
Hey, it might sound a little draconian, but stop and think about the
damage these cocksuckers are doing to the future of our country--and
that is a good thing?
Anyone here would agree that Japan is pretty much in line with us in
terms of technology, education, lifestyles, etc... with the exception
of culture. Looking a little closer at their work environment, on
average, the pay ratios between CEOs and their workers is roughly
12:1. In America it is close to 480:1. Imagine that. Looking at
Wall Street, on top of the 6 and 7 digit salaries, just one of their
bonuses is more than 1,845 working families make ALL year!!!! And for
what? Take a good look at your 401ks, IRAs, mutual funds, etc....
Are you happy with your 200% returns? !50% returns? 100% returns?
50%... Guess where your capital gains are going?
Last hope in a weak economy? Mom and Dad By EMILY FREDRIX, AP Business
Writer
Fri Mar 21, 6:49 PM ET
MILWAUKEE - After being laid off from her job as an events planner at
an upscale resort, Jo Ann Bauer struggled financially. She worked at
several lower-paying jobs, relocated to a new city and even declared
bankruptcy.
Then in December, she finally accepted her parents' invitation to move
into their home -- at age 52. "I'm back living in the bedroom that I
grew up in," she said.
Taking shelter with parents isn't uncommon for young people in their
20s, especially when the job market is poor. But now the slumping
economy and the credit crunch are forcing some children to do so later
in life -- even in middle age.
Financial planners re****t receiving many calls from parents seeking
advice about taking in their grown children following divorces and
layoffs.
Kim Foss Erickson, a financial planner in Roseville, Calif., north of
Sacramento, said she has never seen older children, even those in
their 50s, depending so much on their parents as in the last six
months.
"This is not like, 'OK, my son just graduated from college and needs
to move back in' type of thing," she said. "These are 40- and 50-year-
old children of my clients that they're helping out."
Parents "jeopardize their financial freedom by continuing to subsidize
their children," said Karin Maloney Stifler, a financial planner in
Hudson, Ohio, and a board member of the Financial Planning
Association. "We have a hard time saying no as a culture to our
children, and they keep asking for more."
Bauer's parents won't take rent money or let her help much with
groceries. She's trying to save several hundred dollars a month for a
house while working as a meetings coordinator.
Bauer would prefer to live on her own, but without her parents' help
would "probably be renting again and trying to stick minimal money in
the bank," she said.
****rley Smith, 80, said she and her husband didn't hesitate when they
invited Bauer to return to their home in Eden, Wis. Buying groceries
for another person isn't stretching her budget too much, she said.
"I've got three kids and any of them can come home if they want," she
said.
But plenty of well-meaning parents must delay retirement or scale back
their dreams because they have to help their children, Stifler said.
Some of Erickson's clients are giving as much as $50,000 at a time to
their kids, many of whom have overextended themselves with big houses
or lavish lifestyles. And the sliding economy might threaten their
jobs.
Parents feel guilty if they don't offer help, but she warns them to be
careful with their savings.
"I almost have to act like a financial therapist if you will," she
said. "'Here is the line I'm drawing for you. That's fine. You can do
up to this point, but at this point, now you're starting to erode your
own wealth.'"
Anna Maggiore, 27, lost her job as a publicist in Los Angeles about
three years ago and moved into her parents' house in Los Alamos, N.M.
She tried to find jobs, but nothing stuck, so she enrolled full-time
at the College of Santa Fe to finish her bachelor's degree in
business.
She figures her parents spend about $1,000 a month on her, including a
car payment, car and health insurance, school and other costs. Her
father is a retired nuclear physicist and her mother, a guidance
counselor, will retire this spring. Now Maggiore is looking for work
so she can supplement their income.
"It's kind of hitting me finally that I need to get out there and find
a job," she said. "Even if it's just part-time just to help out
however I can."
A new survey by the retiree-advocacy group AARP found that one-fourth
of Generation Xers, those 28 to 39 years old, receive financial help
from family and friends.
The online survey of nearly 1,800 people ages 19 to 39 also found 57
percent believed they were "financially independent." But in a
separate question, 33 percent said they received financial sup****t
from family and friends.
Bauer was caught by surprise when her job at a resort in Kohler, Wis.,
was cut four years ago, one year after she got divorced. The single
mother bounced around to several lesser-paying jobs, declared
bankruptcy and even moved 60 miles south to Milwaukee.
Her daughter, now 12, moved in with Bauer's ex-husband near her
hometown.
Bauer decided to move to be closer to her and in December she found a
job with the Experimental Aircraft Association in nearby Oshkosh. She
tried to buy a house but needed 5 percent down. She only had 2
percent. She's now saving for a down payment and hopes to have it as
early as June.
Bauer said she gets along well with her parents and knows she'll never
get to spend so much time with them again. But it hurts her ego to
live at home.
"I've had people say to me, 'Oh God, I could never do that,'" she
said. "But you take humble steps in order to move forward."
http://news.yahoo.com/s/ap/20080321/ap_on_bi_ge/living_with_parents
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