Did you vote today?

Did you vote today?

Created by Rick on Jun 8, 2010

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Since: Dec 10

Location hidden

#23691 Mar 14, 2013
Way wiser than barney wrote:
<quoted text>It amazes me we have idiots that run this country and we got idiots voters that support them idiots.
It amazes me too.
WARRIOR

Alamogordo, NM

#23692 Mar 14, 2013
BARNEYII wrote:
<quoted text>
I understand inflation, but you are describeing hyper inflation.
Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent.
In December, BLS says, prices were unchanged.
One major reason inflation slowed last year: Gas prices went up just 1.7 percent, after gains of 13.8 percent in 2010 and 9.9 percent in 2011. Also, food costs rose 1.8 percent. BLS says that was "a deceleration" from the 4.7 percent increase in 2011.
As Reuters writes, the news that inflation remains in check "should help give the Federal Reserve room to prop up the economy by staying on its ultra-easy monetary policy path." In other words, there's no reason to think the Fed will need to start pushing up short-term interest rates anytime soon.
"Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent."

1.7 is not "about half" did they have math in Salem? If you believe interest rates will not rise any time soon then I suggest you purchase Bonds. I got out of the Bond Market 2 weeks ago. Conventional wisdom says interest rates really have no place left to go but up! Good luck..

Since: Dec 10

Location hidden

#23693 Mar 14, 2013
Raptor in Michigan wrote:
<quoted text>
Taxes are already paid on a ROTH. Whatever it grows to is yours to keep....ALL of it! But you have to have "earned income" to contribute to it and you can't put any more that $5000 a year in it.
If you are 50 years old or older you can contribute up to $6,500.00 in 2013, if you have enough taxable income to reach the maximum contribution.

Age 49 and under max is $5500 for 2013.
what

Mckinney, TX

#23694 Mar 14, 2013
Hmmm wrote:
<quoted text>
That was quite a momentous explanation, completely evasive, totally self-serving, and filled with predictably tired and non-factual BS.
You've amused me.
I rest my case.

Since: Dec 10

Location hidden

#23695 Mar 14, 2013
WARRIOR wrote:
<quoted text>"Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent."
1.7 is not "about half" did they have math in Salem? If you believe interest rates will not rise any time soon then I suggest you purchase Bonds. I got out of the Bond Market 2 weeks ago. Conventional wisdom says interest rates really have no place left to go but up! Good luck..
ROF-LMAO

"1.7 is not "about half"- not half of what?

3%/2 = 1.5

Two tenths of a percent seems pretty damn close to me.

When a traditional savings account at the bank is paying less than 1% I would agree, interest rates have no way to go but up.

Since: Dec 10

Location hidden

#23696 Mar 14, 2013
what wrote:
<quoted text>I rest my case.
Good, keep resting it it needs all the rest it can get.
WARRIOR

Alamogordo, NM

#23697 Mar 14, 2013
BARNEYII wrote:
<quoted text>
ROF-LMAO
"1.7 is not "about half"- not half of what?
3%/2 = 1.5
Two tenths of a percent seems pretty damn close to me.
When a traditional savings account at the bank is paying less than 1% I would agree, interest rates have no way to go but up.
LMAO! You know why you will always be a failure? Because being a small man you think small. 1% savings account? LMAO! I bet you are making big money in your minimum wage savings account! LOL! 1.7 is over half of 3. I guess you liberals always see the glass as half empty...

Since: Dec 10

Location hidden

#23698 Mar 14, 2013
WARRIOR wrote:
<quoted text>
LMAO! You know why you will always be a failure? Because being a small man you think small. 1% savings account? LMAO! I bet you are making big money in your minimum wage savings account! LOL! 1.7 is over half of 3. I guess you liberals always see the glass as half empty...
No shit Einstein, that is why it said "That's about half the pace of 2011 — when prices went up three percent."

Did it say over or under a half, NO!

You spinning your own mistake only makes you look even more foolish and childish.

“Conserve Wildlife Habitat”

Since: Dec 10

SE Michigan

#23699 Mar 14, 2013
BARNEYII wrote:
<quoted text>
I understand inflation, but you are describeing hyper inflation.
Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent.
In December, BLS says, prices were unchanged.
One major reason inflation slowed last year: Gas prices went up just 1.7 percent, after gains of 13.8 percent in 2010 and 9.9 percent in 2011. Also, food costs rose 1.8 percent. BLS says that was "a deceleration" from the 4.7 percent increase in 2011.
As Reuters writes, the news that inflation remains in check "should help give the Federal Reserve room to prop up the economy by staying on its ultra-easy monetary policy path." In other words, there's no reason to think the Fed will need to start pushing up short-term interest rates anytime soon.
Prices went up 3% and then 1.7% according to your statistics. Today it costs me $1.89 for a head of lettuce. That same head of lettuce costed $1.25 just two years ago. I'm not real good at math, but it seems like more than just a 4.7% increase. Let's talk about bacon. Two years ago, I could buy two pounds of bacon for $6.... on sale. Now the sale price for bacon is $4.49 for a whopping 12 ounce package! Bacon also seems like more than a 4.7% increase. Have you seen the price of ice cream lately? What about the size of the container it now comes in?

“Conserve Wildlife Habitat”

Since: Dec 10

SE Michigan

#23700 Mar 14, 2013
BARNEYII wrote:
<quoted text>
If you are 50 years old or older you can contribute up to $6,500.00 in 2013, if you have enough taxable income to reach the maximum contribution.
Age 49 and under max is $5500 for 2013.
You may be right on the amount. I was thinking of 2012 because you have until April 15 to contribute for 2012.
what

United States

#23702 Mar 14, 2013
BARNEYII wrote:
<quoted text>
Good, keep resting it it needs all the rest it can get.
I'm sure you would love that. Cowards don't like resistance.
curmudgeon

Ash Flat, AR

#23704 Mar 14, 2013
Way wiser than barney wrote:
Just curious any of you heard yet. When january rolls around All of us are going to have to fill out a 15 page form just to see if we quailfy for obamacare. If your insurance according to department human services, Your insurance you currently have must have every preventive test imagintive. Therefore most of your insurance coverage won't quialfy. Then you get obamacare you have to fill out a 61 page form that will take someone that has a phd to fill out. But here's the kicker this will be the IRS's job to inforce obamacare and the IRS will have the nose all over your income. You will have to keep them informed right down to the last penny however you income changes and what your spending. Now i know i'm not the only that doesn't want the IRS up in my business every single week, believe me they will be keeping track of you. IRS will be given even more power than got now. All you obama voters say bye bye to freedom come january it's gone. But remember obama and anyone that voted it for obamacare will not be forced to have obamacare. They just want you to have the american people. But don't gripe if you voted for obama, this is what you get. And to you obama voters i hope you enjoy all that paperwork you are going to have to fill out(NOT!!!).
Obama care like glowbull warming nafta etc. are all steps that furthur the UN & NWO plan . ITs part of agenda 21. All those things drive producing manufacturing jobs from the USA. To be fair the republican,s are just as guilty. What transpired is many UN & NWO supporters decided the so called middle class in the US had more than their fair share.So the middle class jobs where redistrubuted (given) to third world places. The USA is destined to be a third world nation. Sad end to a once great republic.
what

Blytheville, AR

#23705 Mar 14, 2013
BARNEYII wrote:
<quoted text>
No shit Einstein, that is why it said "That's about half the pace of 2011 — when prices went up three percent."
Did it say over or under a half, NO!
You spinning your own mistake only makes you look even more foolish and childish.
You are obviously speaking from your own recent experiences. That's good. Admitting you have a problem is the first step towards recovering from liberalism.
WARRIOR

Alamogordo, NM

#23706 Mar 14, 2013
Raptor in Michigan wrote:
<quoted text>
Prices went up 3% and then 1.7% according to your statistics. Today it costs me $1.89 for a head of lettuce. That same head of lettuce costed $1.25 just two years ago. I'm not real good at math, but it seems like more than just a 4.7% increase. Let's talk about bacon. Two years ago, I could buy two pounds of bacon for $6.... on sale. Now the sale price for bacon is $4.49 for a whopping 12 ounce package! Bacon also seems like more than a 4.7% increase. Have you seen the price of ice cream lately? What about the size of the container it now comes in?
Did you post this before or do I see into the future? Seriously..

“Conserve Wildlife Habitat”

Since: Dec 10

SE Michigan

#23707 Mar 14, 2013
WARRIOR wrote:
<quoted text>Did you post this before or do I see into the future? Seriously..
I have posted this before. It illustrate the point perfectly. Those Obama lovers who support Obama and like him because he only wants to raise taxes on the rich don't see the reality of what this guy is doing to the poor and middle class. The very people he claims to represent are getting it shoved up their a** by him and they are too gullible to see it happening.

If Obama gave a rats a** about the poor and middle class he would be drilling for oil right here. He would lower taxes on everyone. He wouldn't pass bills that force people to buy something they don't want. He would lower the miminum wage. He would send all illegals home. He would stop all foreign aid. He would veto any gun control bills that come before him. He would eliminate welfare and food stamps. He would take back all Obama phones. He would outlaw abortions. He would reinstate biggie size drinks in New York.....etc.....Oh, and he would read the Constitution.
curmudgeon

Ash Flat, AR

#23709 Mar 14, 2013
Is "discretionary income" rapidly becoming a thing of the past for most American families? Right now, there are a lot of signs that we are on the verge of a nightmarish consumer spending drought. Incomes are down, taxes are up, many large retail chains are deeply struggling because of the lack of customers, and at this point nearly a quarter of all Americans have more credit card debt than money in the bank. Considering the fact that consumer spending is such a large percentage of the U.S. economy, that is very bad news. How will we ever have a sustained economic recovery if consumers don't have much money to spend? Well, the truth is that we aren't ever going to have a sustained economic recovery. In fact, this debt-fueled bubble of false hope that we are experiencing right now is as good as things are going to get. Things are going to go downhill from here, and if you think that consumer spending is bad now, just wait until you see what happens over the next several years.
Even though the Dow is surging toward a record high right now, everyone knows that things are not good for the middle class. A recent quote from CPA Howard Dvorkin kind of summarizes our current state of affairs very nicely...
"The fact of the matter is that America is broke — whether it's mortgages, student loans or credit cards, we are broke. The old rule of thumb is that people should have six months' of savings," Dvorkin says."If you talk to people, most don't have two pennies."
These days most Americans are living from paycheck to paycheck, and thanks to rising prices and rising taxes, those paychecks are getting squeezed tighter and tighter. Many families have had to cut back on unnecessary expenses, and some families no longer have any discretionary income at all.
The following are 16 signs that the middle class is rapidly running out of money...
#1 According to one brand new survey, 24 percent of all Americans have more credit card debt than money in the bank.
#2 J.C. Penney was once an unstoppable retail powerhouse, but now J.C. Penney has just posted its lowest annual retail sales in more than 20 years...
J.C. Penney Co.(JCP) slid the most in more than three decades after the department-store chain lost $4.3 billion in sales in the first year of Chief Executive Officer Ron Johnson’s turnaround plan.
The shares fell 18 percent to $17.40 at 11:28 a.m. in New York after earlier declining 22 percent, the biggest intraday drop since at least 1980, according to data compiled by Bloomberg. J.C. Penney yesterday said its net loss in the quarter ended Feb. 2 widened to $552 million from $87 million a year earlier. The Plano, Texas-based retailer’s annual revenue slid 25 percent to $13 billion, the lowest since at least 1987.
How much worse can things get? At this point the decline has become so steep for J.C. Penney that Jim Cramer of CNBC is declaring that they are in "a true tailspin".
#3 In the United States today, a new car has become out of reach for most middle class Americans according to the 2013 Car Affordability Study...
Looking to buy a new car, truck or crossover? You may find it more difficult to stretch the household budget than you expected, according to a new study that finds median-income families in only one major U.S. city actually can afford the typical new vehicle.
The typical new vehicle is now more expensive than ever, averaging $30,500 in 2012, according to TrueCar.com data, and heading up again as makers curb the incentives that helped make their products more affordable during the recession when they were desperate for sales. According to the 2013 Car Affordability Study by Interest.com , only in Washington could the typical household swing the payments, the median income there running $86,680 a year.
#4 The founder of Subway Restaurants, Fred Deluca, says that the recent tax increases are having a noticeable impact on his business...

Since: Dec 10

Location hidden

#23710 Mar 14, 2013
WARRIOR wrote:
<quoted text>
LMAO! You know why you will always be a failure? Because being a small man you think small. 1% savings account? LMAO! I bet you are making big money in your minimum wage savings account! LOL! 1.7 is over half of 3. I guess you liberals always see the glass as half empty...
A liberal, just as most others , sees a man as a human being whose true worth is determined by what is in his heart, mind, not in his wallet.
curmudgeon

Ash Flat, AR

#23711 Mar 14, 2013

#4 The founder of Subway Restaurants, Fred Deluca, says that the recent tax increases are having a noticeable impact on his business...


"The payroll tax is affecting sales. It's causing sales declines," he said, estimating a decline of about 2 percentage points off sales at his restaurants. "There are a lot of pressures on consumers," Deluca said, adding "I think this is on the permanent side, but I think business will adjust to it."

#5 Many other large restaurant chains are also struggling in this tough economic environment...


Darden Restaurants, which owns the casual dining chains Oliver Garden, LongHorn Steakhouse and Red Lobster, said blended same-store sales at its three eateries would be 4.5 percent lower during its fiscal third quarter.

Clarence Otis, Darden's chairman and chief executive, said that "while results midway through the third quarter were encouraging, there were difficult macro-economic headwinds during the last month of the quarter."

"Two of the most prominent were increased payroll taxes and rising gasoline prices, which together put meaningful pressure on the discretionary purchasing power of our guests," he added.

#6 The CFO of Family Dollar recently admitted to CNBC that this is a "challenging time" because of reduced consumer spending...


At Family Dollar where the average customer makes less than $40,000 a year, the combination of a two-percent hike in the payroll tax, rising gas prices and delayed tax refunds has created a "challenging time and an uncertain time for the consumer right now," said Mary Winston, the company's chief financial officer.

"In our case, anything that takes money out of our customer's wallet gives them less money to spend in our stores," she told CNBC. "So I think all of those things create nervousness for the consumer, and I think there are sometimes political dynamics going on that they might not even fully understand the details, but they know it's not good."

#7 Even Wal-Mart is really struggling right now. According to a recent Bloomberg article, Wal-Mart is struggling "to restock store shelves as U.S. sales slump"...


Evelin Cruz, a department manager at the Wal-Mart Supercenter in Pico Rivera, California, said Simon’s comments from the officers’ meeting were “dead on.”

“There are gaps where merchandise is missing,” Cruz said in a telephone interview.“We are not talking about a couple of empty shelves. This is throughout the store in every store. Some places look like they’re going out of business.”

This all comes on the heels of an internal Wal-Mart memo that was leaked to the press earlier this month that described February sales as a "total disaster".

#8 Electronics retailer Best Buy continues to struggle mightily. Best Buy just announced that it will be eliminating 400 jobs at its headquarters in Richfield, Minnesota.

#9 It is being projected that many of the largest retail chains in America, including Best Buy, will close down hundreds of stores during 2013. The following is a list of projected store closings for 2013 that I included in a previous article...

Best Buy

Forecast store closings: 200 to 250

Sears Holding Corp.

Forecast store closings: Kmart 175 to 225, Sears 100 to 125

J.C. Penney

Forecast store closings: 300 to 350

Office Depot

Forecast store closings: 125 to 150

Barnes & Noble

Forecast store closings: 190 to 240, per company comments

Gamestop

Forecast store closings: 500 to 600

OfficeMax

Forecast store closings: 150 to 175

RadioShack

Forecast store closings: 450 to 550

#10 Another sign that consumer spending is slowing down is the fact that less stuff is being moved around in our economy. As I have mentioned previously, freight shipment volumes have hit their lowest level in two years, and freight expenditures have gone negative for the first time since the last recession.

#
curmudgeon

Ash Flat, AR

#23712 Mar 14, 2013

#10 Another sign that consumer spending is slowing down is the fact that less stuff is being moved around in our economy. As I have mentioned previously, freight shipment volumes have hit their lowest level in two years, and freight expenditures have gone negative for the first time since the last recession.

#11 Many young adults have no discretionary income to spend because they are absolutely drowning in student loan debt. According to the New York Federal Reserve, student loan debt nearly tripled between 2004 and 2012.

#12 The student loan delinquency rate in the United States is now at an all-time high. It is only a matter of time before the student loan debt bubble bursts.

#13 Due to a lack of jobs and high levels of debt, poverty among young adults in America is absolutely exploding. Today, U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.

#14 According to one recent survey, 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.

#15 Median household income in the United States has fallen for four consecutive years. Overall, it has declined by more than $4000 during that time span.

#16 According to the U.S. Census Bureau, the middle class is currently taking home a smaller share of the overall income pie than has ever been recorded before.

Are you starting to get the picture?

Retailers are desperate for sales, but you can't squeeze blood out of a rock.

For much more on how the middle class is absolutely drowning in debt, please see this article: "Money Is A Form Of Social Control And Most Americans Are Debt Slaves".

But if you listen to the mainstream media, they would have you believe that happy days are here again.

Right now, everyone seems to be quite giddy about the fact that the Dow is marching toward an all-time high. And I actually do believe that the Dow will blow right past it. In fact, it is even possible that we could see the Dow hit 15,000 before everything starts falling apart.

But at some point, the financial markets will catch up with economic reality. It is just a matter of time.

In the meanwhile, those that are wise are taking advantage of these times of plenty to prepare for the great economic drought that is coming.

Don't be caught living paycheck to paycheck and totally unprepared when the next wave of the economic collapse strikes. Anyone that believes that this debt-fueled bubble of false hope can last indefinitely is just being delusional.

Since: Dec 10

Location hidden

#23713 Mar 14, 2013
Raptor in Michigan wrote:
<quoted text>
Prices went up 3% and then 1.7% according to your statistics. Today it costs me $1.89 for a head of lettuce. That same head of lettuce costed $1.25 just two years ago. I'm not real good at math, but it seems like more than just a 4.7% increase. Let's talk about bacon. Two years ago, I could buy two pounds of bacon for $6.... on sale. Now the sale price for bacon is $4.49 for a whopping 12 ounce package! Bacon also seems like more than a 4.7% increase. Have you seen the price of ice cream lately? What about the size of the container it now comes in?
3% was an one year increase you went back two years.

That was the avg. of inflation nation wide on all products not just groceries.





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